Janitor Ronald Read Leaves Behind $8M Secret Fortune

joshuakennon.com

12 points·j_lev··3 comments

Okay, awesome. A janitor/gas station attendant saves his money, invests it wisely and then reinvests his dividends over and over again. He lives far below his means and never discusses it with anyone, including his children and friends. I love it. Good heart felt American, good guy does good and makes good money. I am like this, in that I invest in mutual funds, watch the stock market and live below my means. Makes me feel good.

However, what's the point of living like that? You are making $20,000 a month and you don't spend it in your retirement!? WTF. What is the point of living to 91 and being worth $8 million when you die if you don't enjoy it. Great, this guy did everything right, now his kids get to enjoy the money. If anything, sounds like this guy squandered his money by not enjoying it, unless sitting back and counting your $8 million is the most thrilling thing ever.

These stories are just, look, work your ass off, save money and your kids can enjoy it. Forget that! What's the damn point?

We don't know the guy. Maybe he would have enjoyed spending his money on cars, jewelry, and mansions. But not everyone likes those things. Maybe saving away for his children and preferred charities gave him more joy. Speaking for myself, if I had lots of money, I'd probably give most of it away. I'm already doing what makes me happy, and I'm poor as shit.

The article makes it clear the guy lived below his means and drove an old car. It's safe to assume he did not have cars, jewelry and mansions. He was also 91, I don't know what he was waiting for, maybe 95 before he cut loose?

But you are right, people have their money and do with it to enjoy their lives as they see fit.

I would be happy to have $5 million and just live off the $20,000 (Assuming 5% return) a month that would give me.

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