Author Cristina Alger wrote her first book, The Darlings as a side hustle while working 120 hours a week as a lawyer. When she ditched the day job to write full time, Cristina also walked away from the pricey perks. But the author of The Bankers Wife, quickly found herself with the time to create better benefits for herself and her family.
Cristina Alger is a lifelong New Yorker. A graduate of Harvard College and NYU Law School, she worked as a financial analyst and a corporate attorney before becoming a writer. Her third novel, THE BANKER'S WIFE, will be published on July 3 by Penguin Random House. She lives in New York with her husband and two children.
In Cristina’s money story you will learn:
-How and why she came to work in finance after college even though she had been an English major and says she had no financial skills
-How and why she wrote the Darlings while working 120 hours a week as a corporate lawyer, often on the road
-How she got the book published
-How she had to adjust her budget and spending lifestyle when she left her corporate job to write fulltime
-Specific examples of the changes she made to lower her spending, but make up for it with time
In Cristina’s money lesson you will learn:
-How at her corporate job Cristina had to use money to make up for the lack of time she had
-How as a writer, Cristina now has time to make up for the lack of steady paycheck
-The specific current changes Cristina makes in her every day life to improve the quality of her family time and her overall lifestyle
In Cristina’s everyday money tip you will learn:
-How Cristina and her husband have disrupted the common advice to hire babysitters and go out in order to really have a date night as parents of young children
-Exactly what they do to protect the time, and to focus on each other, not distractions around their home
-Ideas for how you can create time in your life for special moments - without spending more money than you would like.
-Other benefits from at-home date nights, including avoiding all the stress and to-do list of setting up the going-out date night!
About how Cristina researched her book “The Bankers Wife”
-She learned about Geneva as a child visiting her uncle
-As an ex-pat she was fascinated by the glamorous and mysterious world of swiss banking and offshore banking
-She is fascinated by the Panama Papers and used them for ideas. They were leaked while she was writing the book in the summer of 2016,
-Another case that inspired her was that of whistelblower Bradley Birkenfeld, who exposed how UBS helped ultra-wealthy Americans commit billions in tax fraud.
-Birkenfeld went to prison for 30 months, but when he got out he got $104 million from the IRS as a whistleblowers fee!
In my take you will learn:
-How to find the time to do what you love, even if you feel like you are too busy
-How to determine if in fact you should not try to find the time- because ultimately it’s not that important to you, or not realistic during this phase of your life.
-Ways to come to terms with your actual priorities not being what you think they SHOULD be.
-The difference between side hustles for enjoyment, and side hustles for pay.
-Ways to approach and re-think the pressure from friends and family to have a formal ‘date night’ when you really do have other financial needs- or the planning of the date night is creating stress.
Learn more about Cristina Alger and her other books at her website:
Here are some great articles about the Panama Papers:
International Consortium of Investigative Journalists
Here is more about Bradley Birkenfeld.