NEW YORK, May 9 (Reuters) - What does Mother's Day mean

to you?

When financial literacy expert Mellody Hobson speaks about

her mom, she tells a remarkable story about coping with severe

money struggles as a young child.

Hobson, 55, may be best known as a money adviser on TV, but

she is also a force in corporate boardrooms, joining Forbes'

list of the World's 100 Most Powerful Women in 2020. She is

president and co-CEO of money managers Ariel Investments,

chairwoman of Starbucks ( SBUX ), and a director of banking giant

JPMorgan Chase ( JPM ).

She is also the wife of "Star Wars" creator George Lucas.

Hobson's story begins in 1970s Chicago. Her single,

no-nonsense mom Dorothy Ashley scrambled to raise six kids in

the city's tough South Side by renovating apartments and condos,

with little Mellody in tow.

Sometimes those ventures worked. Often they did not, piling

severe financial trauma onto Hobson, the youngest child.

"Our cars used to get repossessed, and we used to hide our

car from the repo man," she recalled. "We would get our lights

turned off. There were times we got evicted, and all our

possessions were put out on the street. It got very traumatic at

times; not knowing where you're going to live is a terrible

thing."

"I was ashamed and embarrassed for a very long time," Hobson

confessed. "And I had to hide it all. Our phone number was

always changing, and I just didn't think my friends would

understand."

Hobson's mother was very open and blunt about money, showing

her utility bills, having her calculate restaurant checks,

telling her the amount of rent due.

"She didn't shield anything from me at all," Hobson said.

"It created quite a bit of worry in me, but, at the same time, I

became very aware: what everything cost, what our circumstances

were. There was no sugar coating."

The lack of money terrified Hobson and left a deep imprint

of insecurities that she is still working to release. But it

also gave her remarkable resilience. For example, desperate for

an orthodontist in grade school, she found one and marched into

his office and negotiated a payment plan for dental work.

With that pluck, Hobson got into Princeton University,

secured an internship at Ariel under legendary founder John

Rogers Jr., and ascended into some of America's most rarefied

boardrooms.

Hobson is passing on her late mother's lessons. She makes

her 10-year-old daughter Everest money conscious by showing her

restaurant bills, having her guess costs at the cash register

when they go shopping, and teaching her about credit cards and

taxes.

Survival, however, is no longer at stake.

"Her circumstances are so different," Hobson said. "I feel

such anxiety and fear over money, and my daughter has never felt

that. She doesn't need that baggage; she's not me."

To teach the lessons early, Hobson has authored a children's

book on the subject, "Priceless Facts About Money," coming out

this fall from Candlewick Press.

The long voyage from having to heat water for baths on hot

plates to becoming a national authority on finances could not

have happened without her mom, Hobson acknowledged.

"My husband is very wise, and he said: 'You know Mellody,

your mom did the best she could, and by all measures you turned

out great. So whatever you are carrying, forgive her.'"

Hobson now accepts her troubled past with gratitude.

"I wish I wouldn't have felt all that anxiety," she said.

"But it made me accountable and responsible - and everything I

am today."

(Editing by Lauren Young and Richard Chang)