It was a lunch I’ll never forget. Just after I sold my first book to the publisher, I flew to NY and met my editor at a restaurant.
As we got acquainted, I asked if she invested. She got really embarrassed. I felt horrible.
”Oh no!” she stammered. “I have no money.”
I felt terrible and dropped the subject never to address it again. Two years later, after my book hit the shelves, she called me out of the blue.
“Remember that lunch when I told you I had no money. Well, I did, but it was sitting in cash in my retirement account,” she told me. “But after working with you, I realized how foolish that was.”
So she started educating herself, found an advisor and her 401 (k) was now fully invested. She even emptied her spare change into a jar every night and had invested that too.