Judy Resnick

  b. 1942 | American Investment Advisor

At The Bottom

— 1983

Resnick found herself broke at the age of 41 with no good prospects for a sustainable career.

Judy Resnick had always enjoyed the easy life.  Born into a wealthy Los Angeles family, Resnick had always counted on her father to take care of her financially.  She married (and divorced) at an early age, but she never needed to work and never wondered how she might pay the bills so long as daddy was around.  When he died suddenly of a heart attack, however, Resnick lost her major source of income.  Though he left her with five percent of one of his businesses, the income she received was minimal, and after a few years her father’s old partners simply stopped paying her.  Meantime, her investment broker had managed her small inheritance poorly, trading mostly in options, and he lost a good portion of it by the early 1980s. With two teenage daughters to support and no meaningful work experience, Resnick found herself broke at the age of 41 with no good prospects for a sustainable career.  She didn’t even have basic typing skills.