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Raising Money

The secret to your financial smarts might be in the way you were brought up.

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This story appears in the August 2000 issue of Entrepreneur. Subscribe »

What separates the 44,000 entrepreneurs in bankruptcy court from those soaring to the top of earnings lists? Is it really all about profits and losses, or is it something deeper . . . something that stretches all the way back to childhood? Believe it or not, what you learned about money as a child can affect how you deal with your business's finances today.

We asked three entrepreneurs to discuss their financial "inheritance" and how it affects their day-to-day business dealings. Then we enlisted Karen McCall, founder of the Financial Recovery Counseling Institute and author of It's Your Money: Achieving Financial Well-Being, A Guide and Journal (Chronicle Books), to weigh in with her thoughts on the past and the present.

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