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White Trash Girl to CEO: My Money Story

By: Deborah Bailey (Little_personView Profile)

I was born a white trash girl to a single teenage mom. We lived with her parents in Cabbagetown, a poor section of Atlanta with small mill houses that surrounded the Fulton Bag Cotton Mill. Both of my grandparents worked there for 75¢ per hour and I remember the mill controller coming by our house every Friday to collect the $4.32 per week rent, which we most often did not have. We lived primarily on dried beans, cabbage, potatoes, and corn bread with a roasted chicken as our big splurge on Sundays after church. When my Mother started working as well, that afforded us an occasional ice cream or a few clothes from the thrift store. We were indeed dirt poor. 

My first thrill was when my Mom’s oldest sister, Mary Elizabeth, bought the family our first television set. I sat glued to the few shows that aired, mesmerized by the images of faraway places. The highlight of my year was the arrival of the Sears Roebuck Christmas catalog. I would spend hours every day going page-by-page circling all the things I wanted to buy when I grew up, moved away from Cabbagetown, and had my own money. 

There was never enough money and any inquires about buying me something I wanted were met with “you know we can’t afford that,” “money doesn’t grow on trees,” or “quit obsessing about things and money; it is the root of all evil.” Still, I was green with envy of my friends who had pretty dresses, took dance classes, and whose parents had shiny cars and June Cleaver houses. I on the other hand rarely invited friends to visit my house and was ashamed of my cheap clothes and worn shoes.

I became obsessed with money and thought that if I just had some, it would be my ticket out of there. I studied hard and made straight As in elementary and high school. I ran away from home and spent the next eight years putting myself through college while working full-time as a secretary and supporting myself. I majored in accounting because I wanted to be good with money and because it was, after much research, what I determined would make me the most money with the least amount of education. I landed a job with Ernst and Young out of college for what seemed to me at the time a fortune: $15,500. I was told “you have to work hard to make money,” and no number of hours or amount of travel was ever too much.  

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posted: 05.08.2008
AB Dodge
Your story is so interesting and so relevant. I stuggle with money issues constantly and I know without a doubt that this struggle is related to my childhood abandonment issues. I have let go of those individuals that did not choose me, however I am still in their negative clutches because I am so emotionally reactive and fearful when finance is concerned. I am a rat on a wheel, constantly trapped by money. You are a beacon of hope for me, thank you for your insightful, soulful and brilliant vision. I will try to learn more, again.
posted: 04.25.2008
Pauline
Wow! you go girl , i just love it, the thing about life we all have similar experiences we all have a story ,the good thing is we can be whatever we want to be with strong determination.
posted: 04.24.2008
Ella
This story was so inspirational. I ended up sending it to friends and family. Keep writing!
posted: 04.23.2008
Liza
This was a very stimulating story... I'm working paycheck to paycheck at the moment, and it's strenuous. I'm trying to figure out the best way to continue on in my life... whether that means staying here (the job is fabulous, with a lot of flexibility and potential for growth)... or taking classes at the community college so that I can transfer into a program that will push me towards doing something that I really love. I wish it wasn't such a hard decision, but it's looking like it's one that'll have to be made very soon!
posted: 04.22.2008
Peggy R
I was a battered wife who raised her kids on welfare. I was put thru shool on a program and obtained an Associates Degree with a 4.0 GPA at 40. I became a real estate paralegal in the Hamptons and bought a house commuting over 2 hours a day. Then, thru a series of unforseen events, I found myself out of work at 53. I am doing a lot of soul searching as to whether I can take an extreme cut in salary in order to work closer to my beloved Greenport home and family and possibly work in a field closer to my conscience. I never had money to spare, but it seems I CAN live on a lot less - and be happier. Now, I just have to find the job!!!
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