My Biggest Financial Lesson

Kim Gordon: You don’t always need the things you want

Marketplace Contributor Mar 25, 2015
HTML EMBED:
COPY
My Biggest Financial Lesson

Kim Gordon: You don’t always need the things you want

Marketplace Contributor Mar 25, 2015
HTML EMBED:
COPY

Kim Gordon’s memoir, “Girl in a Band,” a New York Times best seller, details her life as a founding member of Sonic Youth and her marriage to her band mate Thurston Moore.

Here, Gordon tells us about one of her biggest financial lessons: You don’t have to spend a lot. She shares with us what she learned from her mother, who was raised during the Depression, and from the small allowance her parents gave her as a teenager. Gordon says her mother either made clothes or shopped at thrift stores.

“It made me a little neurotic about buying clothes actually,” she said. And although Gordon now has money, she says she still feels a little weird about buying expensive things, like designer bags. She says that playing in a band makes your income a little unpredictable.

“You just get money in kind of lumps, you know when you go on tour or something like that,” she says. One of her credos: If you wait long enough, you may find that the thing you really want, you don’t really need.

We’re here to help you navigate this changed world and economy.

Our mission at Marketplace is to raise the economic intelligence of the country. It’s a tough task, but it’s never been more important.

In the past year, we’ve seen record unemployment, stimulus bills, and reddit users influencing the stock market. Marketplace helps you understand it all, will fact-based, approachable, and unbiased reporting.

Generous support from listeners and readers is what powers our nonprofit news—and your donation today will help provide this essential service. For just $5/month, you can sustain independent journalism that keeps you and thousands of others informed.