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Your Life Calling With Jane Pauley

The Joy of Socks

Betsy Lee McCarthy left a lucrative career as a health care executive so she would have more time to knit socks. Really.

A manager at the store suggested McCarthy put her sock designs to paper; she did, and she later submitted patterns to a book about Christmas stockings. A casual conversation with one of the book's editors landed McCarthy a deal for Knit Socks! 15 Cool Patterns for Toasty Feet. (See "A Close Knit Family" for more about McCarthy's book and that of her daughter, science writer Rebecca Skloot, 37, author of The Immortal Life of Henrietta Lacks, a current bestseller.) McCarthy's success as a knitting author led to invitations that she teach at knitting events around the country, and even in workshops on cruise ships. Among serious knitters, Betsy Lee McCarthy is a star.

A Master of Reinvention

McCarthy is no stranger to changing the way she lives and works. After college, the Illinois native and mother of two (son Matthew Coale, 41, is a shipping terminal manager) worked as a high school English teacher and later took a job as a budget and policy analyst with the state of Illinois. Says McCarthy, who has a master's degree in English: "My career followed a very crooked path." Her work as an analyst led to positions in public sector health care administration, including several years as Illinois' Medicaid director.

During the 1990s, a divorced McCarthy was living in the Pacific Northwest and working and commuting long hours for a private health insurer. She quit the job in 1997 after remarrying and moving to Seattle for her husband's work; she was set to live a simpler, more creative life centered on knitting. Then an eager headhunter made McCarthy a job offer she couldn't refuse.

Going back to work with a health care company for a few more years was the right choice, McCarthy says, because the money she earned and saved "enabled me to do what I do now." Three years later, when she left the corporate world for good, the couple's house and cars were paid off. After her husband, Terry, retired and grew tired of caring for their suburban lawn, the pair sold their home and moved into a Vancouver, Wash., condo with their two border terriers. (For more about the economics of knitting for a living, see AARP's "Reality Check." )

While McCarthy's later-in-life career as a knitter has brought her fame, it hasn't brought fortune. She says she's lucky if her annual earnings break the five-figure mark. "We live within our means,"McCarthy explains. "We live in a walkable area, we eat at home, and we don't travel much. Also, we're not recreational shoppers." In fact, other than groceries, McCarthy's most consistent shopping expenses are for yarn, which is put to good use in both her work and personal life. Because she typically completes a pair of socks a week, McCarthy has a stash of creations at the ready to give as gifts. And when getting dressed in the morning, she and her husband are never without a clean pair of socks.

Melissa Stanton is the author of The Stay-at-Home Survival Guide: Field-tested strategies for staying smart, sane, and connected while caring for your kids. Her work has appeared in LIFE, People, The New York Times, and other publications.

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