Erika Radis, a lawyer, gave her paychecks to her husband while raising their child part-time. After divorce, she had debt, no retirement savings, and almost nothing. Now she helps clients avoid the same trap and rebuild after breakups.
Chapters
From a personal side, I went through a divorce that was financially devastating to me. I, you know, I'm a lawyer, I got a law degree, I had been working, but I stopped working for a couple years to have a child. And so at the time that my husband came to me and told me, "I want a divorce," I had only a part-time job making maybe $40,000 a year and a little son that was 4 or 5 years old. And, you know, come to find out I had handed all of my paychecks over to my husband. I had let him run all the finances. This, and I realized we're this much in debt and no retirement and no real money assets to speak of. And that process has then, this, it moved me into the direction of being able to explain to clients, okay, this is a situation you're in. You're never gonna let it happen to you again. You're learning from it now. Here's all the things you can do never to let that happen again. And let's get you in a position where hopefully you can build. So this is the worst tragedy of your life, but let's build you up from it and learn good lessons.