More Money, More Problems

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What happens when writers suddenly face a windfall? Bad things. That’s why the Whiting Awards include a financial planning workshop for winners. Winners of the 2016 Whiting Awards each received $50,000. For authors who are struggling as freelancers or adjunct professors, that is a huge influx of cash. At the New York Times, Sarah Lyall catches up with this year’s winners after they attended the aforementioned financial planning workshop:

“There’s a temptation to use magical money for magical purposes, to say, I should just throw the money up in the air and quit my job for a year and write my book,” said Alice Sola Kim, 32, who supports herself in part from her job as the executive assistant to a Columbia professor, writes short fiction and nonfiction for a variety of publications and is working on a novel. “But this has taught me there’s another way, too, that I can be prudent about the future.”


Ian MacAllen's fiction has appeared in 45th Parallel Magazine, Little Fiction, Vol 1. Brooklyn, Joyland Magazine, and elsewhere and nonfiction has appeared in Chicago Review of Books, The Negatives, Electric Literature, Fiction Advocate, and elsewhere. He is the Deputy Editor of The Rumpus, holds an MA in English from Rutgers University, tweets @IanMacAllen and is online at IanMacAllen.com. More from this author →