Founder of $1 billion startup says mom gave her $5,000 after college, then cut her off: ‘It forced me to start hustling’
Publishing timestamp: 2024-02-08 09:15:01
Summary
The article discusses how Gregg Renfrew's mother's tough-love lesson in financial independence pushed her to be more mindful of her spending and income. Renfrew received a monogrammed black briefcase and a check for $5000 from her mother after graduating from college. However, her mother made it clear that she wouldn't receive any more financial support. Renfrew racked up credit card debt and her mother instructed her to find a way to pay off her own debts. Renfrew eventually found a job at Xerox Corporation and became one of the company's top salespeople. This experience taught her the importance of being self-reliant and laid the foundation for her future career in business.
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Keywords: nordstrom inc, personal finance, leadership, united states,