O dream of becoming a millionaire is part of the lives of thousands of people. However, for many, it is still an out-of-reach reality. Recently, the story was published of a retired gas station attendant and janitor in Vermont who, after passing away, left a equity of$8 million. See below for details on this case.
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A gas station attendant left a millionaire estate to his family after passing away.
As I said Warren Buffett, it is not necessary to exert extraordinary effort to achieve extraordinary results, it is enough to do ordinary everyday things exceptionally well.
Even with all that rant, apparently Vermont gas station attendant and janitor Ronald Read took other paths that ended up making him a millionaire.
Check below 3 techniques that were used by Read and that yielded a net worth of U$ 8 million.
- Frugality
The simple way of life that Read had was one of the main points. Friends of his said they always saw him using an old car and his clothes were always pinned to hold them together.
In this way, he always tried to spend less to be able to invest more and, consequently, generate wealth.
- Investments
Upon analysis, it was discovered that Read has had many of his positions filled for several years, and during that time has generated immense returns.
Thus, it is concluded that Read always prioritized maintaining his long-term position in undervalued and neglected companies, which was why he managed to create all this fortune.
- Longevity
This factor was very important, as all this fortune began to be generated when the most advanced age had already arrived. In addition, the investment that is made for a longer time has the possibility of generating better returns.
However, we have to be aware that we do not have the power to want to live longer, so the advice will always be to start early with investments and stay in the market with ways strategic.
