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275 pages, Paperback
First published March 1, 2002
Raised in a wealthy family, married to a stockbroker, given a trust fund when I turned twenty-one, I never gave money a lot of thought. I always worked hard but never earned much, and it didn’t matter. My father kept assuring me I’d never have to worry. But as Sandy revealed, in the back of many an inheritor’s mind is the nagging fear: What if I lost it? How would I get it back? In my case, that fear became fact. Immediately following my divorce, I struggled in vain to recoup the losses from my ex-husband’s speculative investments.
Finally, I went to financial counselor Karen McCall for help. She was the first one to tell me I was an underearner. “Wait a minute,” I protested, “I’m a writer”—as if my profession precluded any chance of higher pay. Besides, I wasn’t looking to make money. (I guess in some high-minded way, I didn’t want economics to taint the purity of my journalistic integrity. But the truth was—as seen in hindsight—my father never thought women should work. In an unconscious attempt to win his approval, I figured if I didn’t make money then it wasn’t a real job.)