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The Priceless Experience of Losing It All
Voice
February 2010
On Sale: February 16, 2010
240 pages
ISBN: 1401341187
EAN: 9781401341183
Hardcover
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Non-Fiction
In December 2008, my worst nightmare came true . . . How do you pick yourself up after the one thing you most
feared happens to you? Alexandra Penney's revealing,
spirited, and ultimately redemptive true story shows us how.
Throughout her life, Alexandra Penney's worst fear was of
becoming a bag lady. Even as she worked several jobs while
raising a son as a single mother, wrote a bestselling
advice book, and became editor in chief of Self magazine,
she was haunted by the image of herself alone, bankrupt,
and living on the street. She even went to therapy in an
attempt to alleviate the worry that all she had worked for
could crumble. And then, one day, that's exactly what happened. Penney had taken a friend's advice and invested nearly
everything she had ever earned--all of her savings--with
Bernie Madoff. One day she was successful and wealthy; the
next she had almost nothing. Suddenly, at an age when many
Americans retire, Penney saw her worst nightmares coming
true. Based on her popular blog posts on The Daily Beast,
this memoir chronicles Penney's struggle to cope with the
devastating financial and emotional fallout of being
cheated out of her life savings and illuminates her journey
back to sanity, solvency, and security. "I will work harder than I ever have before--which was
pretty hard indeed--and see what happens. I have the
feeling something good will come of it: tough, challenging
work and laserlike focus have always paid off for me. . . .
Was it better to have it and then lose it? Yes, yes, yes!
Even though I lived with horrible bag lady fears of losing
it all, now that those financial fears have materialized,
I'm in pretty good shape and looking to what's next.
Experiences--good and bad, exciting and boring, tragic and
absurd--make up a life. Not to have lived to the fullest is
the saddest, most irresponsible life I can think of." . . . from The Bag Lady Papers
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