Should a home based business be part of your safety net?
From MSN Money…
You would never confuse Emily Scott Pottruck with a bag lady. On the surface, she has it all: independent wealth, a mansion in San Francisco’s Presidio Heights, fancy cars, an M.B.A. from Cornell, years of experience on Wall Street and a successful husband, David, the former CEO of San Francisco’s Charles Schwab Corp.
But inside, Pottruck suffers from “bag-lady syndrome,” a fear many women share that their financial security could disappear in a heartbeat, leaving them homeless, penniless and destitute.
“I have women flesh out their worst fears and then brainstorm what they will do if the worst happens,” she says. “If you can walk them through their fears, they can sometimes sort out the part that doesn’t make any sense. It helps a lot.”
Boyle finds that her newly widowed or divorced clients sometimes require more than financial advice.
“We actually encourage our women to seek a career coach or life coach and look at occupations that they can do, because many of them feel they don’t have skill sets,” she says.
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