Make $500,000 on a $20,000 Salary

Here is an intersting article from Kiplinger.com. It is about a guy who makes $20,000 per year as a parking attendent but has built a $500,000 stock portfolio over 44 years.

I think this article is the epitimy of long term investing. In today’s world everyone wants to get in on the get rich quick scheme when in reality the proven way to make it rich is to save over time.

This guy saved his pennies for forty-four years by budgeting and has done well for himself. He defnielty has more discipline than me, but I also beleive he is someone I can learn from. I guess the real question is: Live life now and pay later or pay now and live life later. It is a personal choice, but I beleive most of us would pay later!!!

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