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Disillusioned by the transience of wealth when her father's bank balance can no longer support his family's posh life style, and when her fiancé Clay Wimborn admits that he has gone into debt to shower her with presents, Daphne Kip determines to become financially independent. Her determination solidifies upon her brother Bayard's marriage to an extravagant chorus girl, after which Daphne strikes out on her own. At first she attempts to make her fame on stage, but fails. Next, Daphne opens a lingerie business and breaks her engagement with Clay, who then goes West. Just as Daphne's business venture proves to be a success, Clay returns, having made his fortune, and Daphne, feeling that she has become a self-reliant woman, agrees to wed him on the condition that they share all expenses.