The Wealth Decision: 10 Simple Steps to Achieve Financial Freedom and Build Generational Wealth

by Dominique Broadway

An eye-opening roadmap for becoming a millionaire and building the foundation of generational wealth from a self-made, first-generation multimillionaire.

Demystify the path to wealth once and for all with Dominique Broadway’s unique strategy for taking control of your finances and becoming a millionaire. Based on simple steps and small decisions that build upon each other that anyone can execute (even those who have never had money or who face debt), The Wealth Decision

-What orange juice has to do with building wealth ( it’s about wanting the good stuff)
-Strategies for spending your way to wealth
-One single question to determine if you’re on top of your money
-How to avoid saving your way to debt
-A road map to score higher on your credit score
-Dominique’s framework for picking the best investments for you
-What insurance has to do with your legacy

Written with millennials and Gen Zers in mind, The Wealth Decision first shows you how to make that one decision to be wealthy. It then takes you through the most important decisions you need to live a life of financial freedom and ensuing strategies to build generational wealth and become a millionaire. Worksheets, resources, visuals, quizzes, and graphs bring Dominique’s strategies to life. With information on everything from crypto to day-trading to modern financial trends, The Wealth Decision is a must-have for anyone looking to up-level their financial situation.

Genres: Nonfiction, Finance, Self Help

224 pages, Hardcover

Published May 30, 2023

Reviews

[Melanie · Rating 2 out of 5]

I'm not sure that I've ever read a personal finance book by a black female author, but this one was born and raised in Maryland, where I currently live, so. She also points out the lack of specific financial advice for people who aren't in grinding poverty but who don't have millions and millions of dollars to invest with an advisor, and that's one of the reasons I stepped away from personal finance, because the people who need your help can't afford you and the people who can afford you probably don't need your help.

Anyway. I was disappointed with this book. It's definitely more of a memoir-lite than a how-to guide. The author attempts to give examples and anecdotes, but they are terribly vague and non-specific. She apparently went from being hundreds of thousands of dollars in debt to a multimillionaire and was 37 at the time of the writing, but doesn't give a timeline or anything. She doesn't describe how she started her current business (Finance Demystified), other than that it took longer than she thought and caused her to go into debt. She doesn't give much detail as to how she got out of the debt or how she made her big break in entrepreneurship. She alludes to a "then-partner" but we don't know what happened to him, or in what ways if any he contributed to or detracted from her financial success. I don't necessarily want all the gory details of her personal relationships or 10 years worth of credit reports, net worth, or statements of cash flow, but for a person writing a book that purports to tell the reader how to "achieve financial freedom and build generational wealth," there is no there there (as it were).

She doesn't even talk about financial instruments or wealth building until halfway through the book, and then almost all of it is at a superficial level, except for the chapter where she describes multiple income streams (passive ownership in a trucking company, drop shipping, car sharing, side hustles, digital products, affiliate deals, etc). In this same chapter she mentions that she makes $25K/monthly on paid speaking gigs and that those gigs represent 1% of her monthly income, which implies a monthly income of $2.5 million, 80% from her financial course and membership site, and I'm a bit skeptical. If she really has ~10,000 people paying her $2500 annually for her membership site, good for her.

There is a late chapter on investing, but it's just the basics (stocks, bonds, mutual funds, ETFs) and a chapter on insurance/retirement/estate planning, and again, these things just skim the surface. I certainly hope her paid content is more useful or comprehensive than this book was.

[Em · Rating 5 out of 5]

The Wealth Decision by Dominique Broadway is a book that anyone who wants to build wealth, especially if you are not from an affluent family, should read. The author reminds us that money moves are about making moves and in this book she teaches us how to know what the right moves at the right time are- it all starts with mindset.

A great deal of this book is spent asking us to consider our thoughts about money and the community we're raised in. By assessing our mindsets around money we are then able to shift unhelpful beliefs into beliefs that serve our interests towards building wealth.

She provides income stream ideas for those interested in having multiple streams of income and encourages readers to consider side hustles that present a low financial commitment but yield big results in six months time. As a new entrepreneur myself I appreciated that way she presented the information around creating digital products, the use of drop shipping, and more.

Dominique also teaches readers how to protect the wealth that's being built by ensuring we've made plans for what happens when we pass away, ensuring we have the right policies in place for ourselves and our families, and having conversations with our family to ensure everyone understands our estate plan. The ending of the book is full of conversation starters to help readers initiate conversations with family about money that are often avoided or uncomfortable. There are many resources shared via a QR code at the back of the book that I'm really looking forward to digging into.

Thank you to the author and publisher for the e-arc copy!

[Kiona Meade · Rating 3 out of 5]

Overall, the book isn’t bad. There is nothing really new here re: personal finance and how to build wealth. There is however, some really bad math re: retirement numbers. I understand that people are likely not investing enough for retirement…but in my opinion, there’s no excuse for bad math. I got so angry about it I had to put the book down!

Also some other math typo but that one gets cleared up on the second page.

[ljubica · Rating 5 out of 5]

This book has managed to make previously scary and unnerving financial concepts into something accessible, understandable, and actionable. I don’t know any wealthy people, I have never had access to this type of exposure, and reading books by white guys is Fine.. they give me the definitions and some advice, sure. But it doesn’t feel real. It’s not about me. This book made it feel real. Thank you!

[Jodi · Rating 3 out of 5]

I can see this might be helpful for younger listeners it will not be useful for older in my opinion. Tkere is several suggestions but no real plans except to pay for her workshops, and quite frankly I never really heard the 10 simple steps. I think there are many improvements that could be made to make this a useful book. In my opinion it is primarily another "stream" of income for her and for people to be directed to her resources that she will charge you for instead of providing some more details via book. So if you don't have money now this book will not assist in getting you more money later. There are many free resources that would be better for someone to utilize rather than this cost based book.

[Amanda · Rating 5 out of 5]

I was looking for a positive and approachable book about personal finance and this book delivered. Broadway uses personal anecdotes to explain basic skills and some interesting and easy strategies to build wealth. I was in a rut with novels, so this was a good change of pace.

[Natalie Franke · Rating 5 out of 5]

I absolutely love Dominique and this book—complex financial concepts broken down with clarity. A great read!

[Patricia Ann · Rating 5 out of 5]

The Wealth Decision is reality oriented, using meaningful and simple language to change your "Relationship" with money. Quoting Ms. Broadway " You can't make money moves if you don't know what's going on". Expressing your relationship with $ , putting YOU as the CEO of your financial life, in control of your finances, giving you the basic skills to tailor YOUR personal circumstances into a workable relationship,protecting your $, are part of this book. Initially, it seemed there was a tremendous amount of personal information and yet as I read more I saw how much this would allow others to relate and internalize the steps toward financial freedom that she wrote about. The one fault: As I read the book, I wished that Ms. Broadway had a web site/workbook that a reader could have large worksheets (and to revise as they progressed in their journey towards financial freedom!!!)
I found that she HAS a Workbook, published in 2016.. "Dreams To Reality: Financial Organizing and Goal Setting" ... I haven't read it, but it is my hope that its' worksheets correspond to The Wealth Decision. Thanks GoodReads and Ms. Broadway.

[Caroline · Rating 4 out of 5]

I really enjoyed the book. When I saw that Rachel Rodgers and Tiffany Aliche, both pretty big financial advisors who have hit the million mark themselves, had blurbed the book, I knew that it'd be good.

I am pleased with the experience. I especially loved Chapter 10, where she talks about insurance and your estate. I loved her discussion of how her Pop-pop spent so much time, money, and energy on her. Yes - that is what a Rich Life truly is. You get to spend time and money on your priorities. I received a review copy from NetGalley and have left my opinion.

[Rachelle · Rating 2 out of 5]

The Wealth Decision... this book is all about the author bragging about her millionaire, soon to be billionaire, wealth. She offers suggestions on how to build wealth that have worked for her and her investing clients, but it's more of a carrot dangling in front of us rather than solid examples of what works. Most of the ideas she includes are not attainable for the average person. While a few of the concepts are beneficial, they are presented too simply to be of any value for the reader. disappointed in this as a financial book.

[M · Rating 4 out of 5]

My overall understanding of the finance world isn't so great. I have a great credit score, and manage paying my bills just fine but don't know anything past that (like investing!) This book was a great introduction to finances and building wealth.

My partner and I really resonated with the financial caregiving section, as we both come from first-generation immigrant households. We were able to better understand how our upbringings affect how we perceive money present-day.

[Becky Fields · Rating 3 out of 5]

This is a quick high overview of getting your finances in order. I did like it gave new perspectives and explained some of the financial terms in ways to understand wording. It is a good read for working in your finance goals.

[Kellylynn · Rating 3 out of 5]

Big mix between memoir and self help for financial help. Unfortunately most of both are rather vague. Overall this is a simple set up for someone who doesn't know anything about finance and wealth, without a lot of details on how to actually gain that freedom.

I won this in one of the giveaways.

[Lindsay Bolender · Rating 4 out of 5]

Very practical and packed with tips and strategies. Has a little bit of the “I did it by working really hard, so you can too!” tone but not as bad as some wealth-advice books, and at least not coming from an old white man.

[Brittany Neish · Rating 4 out of 5]

Excellent book with easy to implement but impactful financial advice.

[Jeanell · Rating 4 out of 5]

This book provided me with insight on saving, investing, and Wealth.

[LaurenHartwellWhite · Rating 4 out of 5]

Good money tips

[Lori Foster · Rating 5 out of 5]

This is the book I needed to learn more. I needed this to get moving now!

[Mareah Knight · Rating 4 out of 5]

Great read, good to explore mindsets! Excellent practical guide for American readers to building wealth. If not from the US, it would be good to see what options are available in your country.

[Shauna · Rating 4 out of 5]

Amazing book. Great resources too.