This morning I read a proverb that says, "There is one who pretends to be rich, but has nothing; Another pretends to be poor, but has great wealth." Then I stumbled across this story about a 107 year old would-be-wealthy widow whose assets have been frozen for years, and finds herself living in poverty:
"HAVANA (Reuters) - Canadian Mary McCarthy lives in the same mansion she and her millionaire husband moved into 62 years ago in the once-posh Country Club area of Havana.
Peacocks still strut the one-acre garden under royal palm trees, but the lawn is overgrown and the house filled with Napoleon III furniture, chandeliers and a Steinway grand piano is falling apart.
At the age of 107, McCarthy is wheelchair-bound, but still dresses up for visitors in a satin dress, silk blouse and chiffon scarf, red lipstick coloring her wrinkled face. Her pearl necklace and earrings, though, are plastic.
Her real jewelry and the small fortune she inherited when she was widowed in 1951 have been frozen in a Boston bank since the United States placed Cuba under sanctions after Fidel Castro's leftist revolution in 1959.
That's because she lived in Cuba and did not leave with most of her wealthy Cuban neighbors who fled to Miami when Castro nationalized businesses and steered the Caribbean nation toward Soviet communism.
The Cuban government confiscated her properties and her husband's leather factory, assets valued at $4 million, and she was left only with "Villa Mary," a dilapidated mansion in need of repairs where she lives in virtual poverty.
Since January this year the U.S. government has let her withdraw a $96 a month allowance from her U.S. bank after Canadian diplomats interceded on her behalf.
McCarthy is asking U.S. President George W. Bush to free her money so that she can live her remaining days with dignity. She would also like to have her family's "trinkets" released.
"They said they couldn't give it to me because I live in Cuba. That's the only money that I have left. It is in Boston, but I live in Cuba, that's the great terrible, terrible thing," she said during a recent visit to her home.
"The only thing I want it for is medicines and my doctor. I don't even want to buy candy out of it," she said."
While I have compassion for her situation, I feel this story should be a wake up call to women everywhere. Even if you don't expect to live into your 100's, and even if you are wealthy today, we as women need to have two important things:
1) The ability to control our own money.
2) The ability to make more money.
Ladies, this is why we talk not only of saving money, but of learning to create money and invest it in paper, real estate and businesses that will continue to produce cash flow for us.
Comments (1)
Great story, thanks for sharing and I love your site!!
Posted by NM real estate | September 9, 2007 9:46 PM
Posted on September 9, 2007 21:46