Thursday, February 23, 2017

Losing and Reinventing

Today, Ms. Stroh is a successful businesswoman. Now 50, she lives in San Francisco, and took a relatively modest inheritance of about $200,000 in stocks from her mother and made savvy investments in tech companies and real estate. As a small-time developer and landlord, she is able to live independently in one of the nation’s most expensive cities.

She is doing well enough that she is investing back in Detroit, but in a way that will pay a different type of dividend. She donated half of the advance and 10 percent of the book sale proceeds from “Beer Money” to 826michigan, a nonprofit organization that tutors school-age children in writing.

“One of my goals with the book was to use it as a way to re-engage with Detroit in a meaningful way,” Ms. Stroh said.
Article

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