Financially Lit!

March 18, 2024
“I’m on a mission to help women of color like you level up their lives by becoming FINANCIALLY UNFUCKWITHABLE,” writes Yo Quiero Dinero podcaster Torres in her upbeat debut. Encouraging readers to reflect on how “financial trauma” might be holding them back, Torres shares how growing up in a money-strapped household gave her a scarcity mindset that initially made her reluctant to invest in stocks or advocate for salary increases. Her overview of how to budget, negotiate a raise, and choose the right financial products for one’s needs tracks traditional advice, but she slips in a few surprises. For instance, she’s deeply ambivalent about homeownership and, drawing from her own experience selling her first house at a loss because she failed to understand the expenses involved, urges readers to consider whether owning a home makes sense for them. Other recommendations are specifically geared toward Latina readers, as when Torres notes that many Latinas are tasked with financially supporting multiple generations of their family and provides suggestions on how to lend assistance “without drama” (“Clearly communicate the purpose, amount, and duration of the assistance to avoid misunderstandings”). Torres speaks to the needs of her audience with passion and authority, and her wry tone lightens the financial discussions (“Investing ain’t just for white dudes”). This gets the job done with a touch of flair. Agent: Wendy Sherman, Wendy Sherman Assoc.