In almost a nanosecond it was all gone.
Thirty years of saving, of acting responsibly and
doing the right thing—gone in the blink of an eye.
In
her book Lost and Found, Geneen Roth
realized that she and her husband became one of the many victims of Bernie
Madoff, investing nearly $1 million with the con man, who is now serving a
150-year prison sentence for running an estimated $65 billion Ponzi scheme.
A
catastrophic loss like this can take down the sturdiest and most stalwart men or
women.
And
for many of Madoff's victims, the emotional damage may well be irreparable.
In
her book, Roth provides a confidential view at how she found her way to a
healthy relationship with money by using the skills she developed battling a
compulsive eating disorder.
Honest
and forthright, she admitted that in many ways, she helped Madoff victimize her
because she was oblivious about her finances much like the way she devoured
food without thought.
Still
in shock, she found momentary solace through crying, feeling sorry for herself
and shopping. It wasn’t until she almost purchased a $1000 pair of glasses that
she was jolted into reality and learned that overspending or overeating was not
the answer to the problem.
The
book’s message is that you won't develop better financial habits -- or eating
habits -- until you address what's driving your decisions to do what you know
isn't good for you. She believes people don't do the work to address their
issues -- addiction to shopping or overspending, or fear of anything financial
-- because it's comfortable and easier to stay in their misery than the effort
it takes to become more aware.
In the book, she unveils her personal revelation, “My relationship to money was no different
from my relationship to food, to love, to fabulous sweaters: Because I was
never aware of what I already had, I never felt as if I had enough. I was
always focused on the bite that was yet to come, not the one in my mouth. I was
focused on the way my husband wasn't perfect, not the way he was. And on the
jacket I saw in the window, not the one in my closet that I hadn't worn for a
year."
Her statement is similar to one from Ecclesiastes
5:10, "He who loves money will not be satisfied with money, nor he who
loves wealth with his income.” King Solomon, remarks that chasing appetites is
often like chasing smoke: once you grab it, it evaporates. We never become
fully satisfied by what we consume or overconsume.
Lost and Found is a well written, fast-paced book. This is a great initiation to Roth's life and work, and also a helpful resource for those who want to gain control over their addiction to consumption.
Lost and Found is a well written, fast-paced book. This is a great initiation to Roth's life and work, and also a helpful resource for those who want to gain control over their addiction to consumption.
"This is a paid review for BlogHer Book Club
but the opinions expressed are my own."
You can read more about this book here BlogHer Book Club Lost and Found
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