Danica Patrick Reveals Why She Has Life Insurance -- And It's Not Just Because She Races Cars

One of the most successful women ever in professional race car driving reveals personal-finance inspiration from her parents, her own frugal habits and her newest money-making adventure.

(Image credit: HHP/HAROLD HINSONhhinson1@carolina.rr.com704.786.7075)

Having made history in a fast-paced industry dominated by men, professional race car driver Danica Patrick doesn't shy away from risks. Her accomplishments include the best finish by a woman at both the Indianapolis 500 (third in 2009) and the Daytona 500 (eighth in 2013). Patrick currently races in the NASCAR series. She also earns money from modeling and endorsements.

But don't let her need for speed fool you. When it comes to her personal finances, Patrick plays it safe—spending smartly on her wheels and her meals, huddling with a variety of financial advisers, and diversifying with new sources of income.

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Andrea Browne Taylor
Contributing Editor

Browne Taylor joined Kiplinger in 2011 and was a channel editor for Kiplinger.com covering living and family finance topics. She previously worked at the Washington Post as a Web producer in the Style section and prior to that covered the Jobs, Cars and Real Estate sections. She earned a BA in journalism from Howard University in Washington, D.C. She is Director of Member Services, at the National Association of Home Builders.