Inspired By: Karen Finerman
“There is never a time when your schedule opens up for a handful of days that can be blocked off to learn about your finances – make the time.”
Karen Finerman is no stranger to doing the impossible. In the early 90s, she co-founded a wildly successful hedge fund—and continues to lead it today as CEO…while also raising four kids.
Still, she managed to find the time to answer a few of our questions. Read on for some quick money advice and career inspiration.
Q: Please share how your professional career began and how you ended up where you are today?
A: I decided at 15 that I wanted to go to Wall Street because I wanted to make money to be financially independent. So I applied to the Wharton School and headed straight to Wall Street after graduation. In 1992, my partner Jeffrey Schwarz and I started our fund when hedge funds were in their infancy.
Q: Who is a leader that you have great respect for and why?
A: Sheryl Sandberg, because she is encouraging women to be proactive.
Q: What would you say is the largest misconception people have about managing their finances and how does that derail us from our goals?
A: There is never a time when your schedule opens up for a handful of days that can be blocked off to learn about your finances – make the time.
Q: What’s the best piece of financial advice you’ve ever received?
A: Stop spending money. There is a tremendous sense of power in building a nest egg.
Q: What are your favorite web resources for personal and professional financial advice?
Q: What piece of advice would you offer a woman or young woman looking to start a career in the finance industry?
A: Take risks, speak up.
Q: What is the one thing you make time for in your daily life that helps keeps you refreshed and positive?
A: Exercise.