Table of Contents
For my parents,
ALBERT AND SANDRA OLSZEWSKI
I love you boththank you for everything.
Introduction
GROWING UP, was just like so many other girls pining for a life that seemed out of reach. My journey to independence and financial freedom began when I was just twenty-three years old. There were no thunderbolts and blaring trumpets; it happened after crossing the George Washington Bridge in my old gray clunker.
It was close to midnight, and I was going home to my small apartment that I shared with two other girls. At the time, I had a management-track job at IBM and was working toward my MBA and waitressing at night. Building my career day and night, paying off college loans, and taking care of monthly bills and expenses were definitely taking a toll. I had no money to show for my efforts and I was exhausted.
As I made my way over the bridge, I suddenly noticed clouds of smoke billowing out from the edges of the hood and heard the engine making funny noises. I tried to shift gears, but all I managed to accomplish was spilling my coffee all over my white shirt. I stepped on the gas and nothing happened. Nearly to the end of the bridge, the car finally decided to die. As it sputtered to a grinding halt, I had just enough time to navigate safely to the side of the road. I got out to check the enginecompletely ridiculous because I knew nothing about carsand as I opened the hood puffs of thick steam engulfed me. Standing in the rain next to my wheezing rattletrap, I felt very alone.
No one stopped to help me for at least thirty minutes. And as I looked around I thought, Marianna, if this situation isnt a metaphor for your life I dont know what isstuck on a bridge, broke, and broken down. This was not the life I wanted to be living. I made a vow in that moment to earn enough money not only to buy a decent car but also to have the financial freedom to create a life I could love. And I did.
Have you ever felt as if you were trying to cross a bridge, one step away from disaster? Are you living paycheck to paycheck? Overwhelmed by debt? Have you caught glimpses of your dream life on the horizon, but just cant find the path to get yourself there? Well, Im happy to tell you that you can cross over to prosperity! Discovering the secret to living and loving the life you want and earning enough to create it for yourself is doable for everyone. Im going to show you how. Even with a weak economy, discouraging employment statistics, and a topsy-turvy real estate market, you can change your current situation. Not only that, your life and your financial state can be even better than you imagined.
I know youre motivated (indifferent people dont often read personal finance and self-improvement books). Thats a great start. The good news is that you already have the power to create happiness, control your destiny, and become financially free and independent. You, like the women I coach, just need information. A lack of financial knowledge prevents you from undoing bad money habits and creating wealth. With the right education you will realize that theres nothing wrong with, and everything right about, wanting, making, and having money.
If you feel trapped by your financial situation, my effective strategies will help you take control of your life so that you can make money work for you. I will talk you through debt reduction, raising your credit score, retirement planning, investing, and making sense of your taxes in language that you can relate to and understand. You wont find complicated algorithms or pie charts. So dont worry about getting bogged down with unnecessary theoretical gobbledygook. Im not going to do that to you.
With the information in this book, you will be able to finally open a credit card bill without shaking, save enough for a 20 percent down payment on a home, and handle a health emergency or a broken-down car without worrying about where the money will come from. And once youve conquered the essentials, you can bring your dreams (I want to open a shoe store, become a yoga instructor, or travel around the world) and ideas (I found the secret to a stocking that will never run, or a nail polish that never chips) to bountiful fruition.
As we travel up the road to independence through the pages of this book youll meet remarkable women who have reached incredible heights. Award-winning designer Diane von Furstenberg; shoe mogul Tamara Mellon of Jimmy Choo fame; Elaine Crocker, president of Moore Capital and one of Crains 100 Most Influential Women in NYC Business; Nina DiSesa, chairman of McCann-Erickson North America and one of Fortune magazines most powerful women; and Congresswoman Marsha Blackburn are just some of the women who share their wisdom. Their stories are both inspiring and instructive. Most came from ordinary beginnings, yet they have the courage, commitment, and curiosity that they used to help them succeed.
Youll also read the true stories of women just like you: those who are in the throws of overcoming financial challenges, looking for a first job, climbing the corporate ladder, changing careers in midstream, building (or dreaming of) a business, moving to a new town, getting married, starting a family, going solo after a divorce, or simply wanting to make a good life more fabulous. To protect their identities I have changed the names of many of the women whose stories I tell in the book.
Theres Gabrielle, who overcame a mountain of debt; Greta, who finally got her act together by reclaiming her health and building a nest egg; Fruzsina, who followed her passion and created an amazing jewelry line; and Katherine, who recognized a need and turned it into a booming business. Dozens of other women were generous enough to divulge their aspirations and disappointments, accomplishments and challenges. Their stories have inspired me to continue to reach new and higher goals I set for myself, and I hope theyll do the same for you.
A few years ago I first started to think about the tools and techniques I used to help me succeed as a process. As I began to write them down I realized that they could be used by anyone to get ahead, to live their dreams. My tools have evolved and matured, as have I, but the fundamentals remain the same:
1. Act as master of your life by putting your health, well-being, happiness, and education first.
2. Become absorbed in and joyful about what you are doing.
3. Have confidence in your ability to design the life you want.
4. Love money by overcoming fear and anxiety about money, getting out of debt, cleaning up your credit, and learning to prosper within your means.
5. Respect money by learning the fundamental principles of spending, saving, and investing.
6. Create a better life on your own, without secretly hoping or waiting for someone else to do it for you.
7. Become exactly the person you want to be.
8. Take the right next actions, and never procrastinate again.
9. Appreciate what you have so you can have more.
Theres more to being rich, happy, and fabulous than the items on this list, of course. You found your way to this book because you were intrigued. Dont stop here. Settle in, turn the page, and get going. Think of Live It, Love It, Earn It as your success GPS. You are on your way!