This story which is true I am going tell you. Many ways the investing long term is would of the fair arenas in the world to compete because it doesn’t matter who your parents are when you went to college or who you know all that matters are results and one little Janitor from Vermont outperform many ivy league college people, many of the smartest people in the world and many of the top 1%
This story shows that Investing is not just for the rich people.
“As one-time Vermont-based janitor and gas station attendant Ronald Read demonstrated, you can reach the seven-figure mark on a modest salary.
Unbeknownst to everyone around him until he died at age 92 in June 2014, Read had quietly amassed an $8 million fortune, thanks to smart spending and investing habits.
Even Read’s family was “tremendously surprised” upon finding out about his hidden wealth. “He was a hard worker, but I don’t think anybody had an idea that he was a multimillionaire,” Read’s stepson Phillip Brown told the Brattleboro Reformer in 2015.
“Mr. Read owned at least 95 stocks at the time of his death, many of which he had held for years, if not decades,” The Wall Street Journal reported in 2015.
You don’t need to earn a massive pay check to become a millionaire.
As one-time Vermont-based janitor and gas station attendant Ronald Read demonstrated, you can reach the seven-figure mark on a modest salary.
Unbeknownst to everyone around him until he died at age 92 in June 2014, Read had quietly amassed an $8 million fortune, thanks to smart spending and investing habits.
Even Read’s family was “tremendously surprised” upon finding out about his hidden wealth. “He was a hard worker, but I don’t think anybody had an idea that he was a multimillionaire,” Read’s stepson Phillip Brown told the Brattleboro Reformer in 2015.
Read came from humble beginnings. He was the first in his family to graduate from high school and served in North Africa, Italy and the Pacific theatre during World War II, according to Reuters. After the war, he came home to work at a gas station and as a janitor at JCPenney, and married a woman who had two children.
Read maintained a frugal lifestyle, never spending money unless he had to. Friends remember him driving a second-hand Toyota Yaris, using safety pins to hold his coat together and cutting his own firewood well into his 90s.
“I’m sure if he earned $50 in a week, he probably invested $40 of it,” said friend and neighbour Mark Richards.
He was also a good stock picker and had the control to hold onto stocks for the long haul, a strategy billionaire investor Warren Buffett recommends.
“Mr. Read owned at least 95 stocks at the time of his death, many of which he had held for years, if not decades,” The Wall Street Journal reported in 2015.
“Among his long-time holdings were blue-chip stalwarts such as Procter & Gamble, J.P. Morgan Chase, General Electric and Dow Chemical. When he died, he also had large stakes in J.M. Smucker, CVS Health and Johnson & Johnson,” the publication reported.
Kevin O’Leary s an Irish Canadian businessman, author and television personality.[3] He co-founded O’Leary Funds and Softkey. has appeared on Shark Tank
No, we are not talking about millionaire business man no we are talking about his mother O’Leary’s mother was a skilled investor, investing a third of her weekly paycheque in large-cap, dividend-paying stocks and interest-bearing bonds, ultimately achieving high returns in her investment portfolio. She kept her investment portfolio secret, so O’Leary only discovered his mother’s skill as an investor after her death, when her will was executed.
These two ordinary people who became millionaire in the stock market. What they both had common they invest for the long term. Of course, we are going to talk about people who have use investing retire early. Of course, how to enjoy your money.
