I’ve long been an admirer of Sallie Krawcheck. In the early 2000s, during her run as the chief of Sanford C. Bernstein and later Citi Global Wealth Management, she was considered the most powerful woman on Wall Street.
She is now the CEO and Co-Founder of Ellevest, a digital investment platform for women. She is also the Chair of Ellevate Network, a many-thousand-strong global professional woman’s network; and she is the Chair of the Pax Ellevate Global Women’s Index Fund, which invests in the top-rated companies for advancing women.
I was pleased to recently stumble across her interview on the Death, Sex & Money podcast. I gave it a listen as I waited for my wife to finish an appointment, just before we headed to the gym for an afternoon workout.
Among the many great observations, from someone who has made and lost lots of money, is this nugget which gave me a chuckle. When the interviewer, Anna Sale, asks her what going through a divorce taught her about money, Krawcheck replies, “Have it.” Indeed. Having experienced divorce myself, I can certainly relate to the sentiment! Is there ever a time as an adult when having money doesn’t help?
If you have 30 minutes to burn, perhaps on your morning or evening commute, give it a listen.