Comments on: Case Study: Multi-Millionaire Made on $11/hr Job

By: Philly girl

Philly girl — Tue, 29 Jan 2008 04:45:08 +0000

I think you should all read the article in its entire context. He does have friends he meets with almost daily for breakfast and he enjoys music, collects cd’s. Not everyone enjoys TV, big social events,expensive travel etc. When the original story was in our paper I thought it was inspirational. I think amassing that fortune on 11$/hr would be close to impossible with a spouse and children.

By: DR Knowknot

DR Knowknot — Sun, 27 Jan 2008 13:45:15 +0000

Why is it that someone in todays society is considered a “sad story” or “missed out on life” solely due to his lifestyle? First, one cannot miss what one has never had. If the “idiot box” was not a priority to him, I am pretty sure he never thought twice that he even realized what he may have missed.
How can this be a “sad story”? This proud gentleman did something very rare in todays society. He WORKED! He SAVED! He was FRUGAL! I am probably accurate in stating that this gentleman didn’t even enslave himself to a credit card. I will agree that being sans a creidt card is a detriment today due to that four letter accronym FICO, but three cheers for a man who never knew the fear,shame and panic over the annoyance of a collection call, EVER! Let’s face it Lady’s and Gentlemen, if all of us could take 10% of this mans lifestyle or mindset and incorporate it into our own, this country could pull itself up from it’s bootstraps without govt. giveaways and the devaluing of our currency. Yes, I have learned a significant lesson here. One lesson that I will make my undergrad children read and hopefuly learn from.

In closing, when you do something that you love, be it assisting the public or working the sewage sifters, most people state that they feel that they would work for free just for the chance to do what they love so much. It becomes apart of who they are, it is a vast account of who they are as a human BEING, not a human DOING!

So, I say, lighten up on this modern day fiscal hero. Give him a job as an educator/moderator to the young men and women of this young generation and show them all how they can have their millions, just not overnight.

By: Chris

Chris — Wed, 23 Jan 2008 17:49:24 +0000

What does being married have to do with saving or spending money? If you don’t have a wedding or ring in your budget, guess what, you don’t have to spend money on it.

Combining finances with your significant other is fine but if they’re spending your money and making it impossible to save and achieve your financial goals you have a serious problem. I would never marry someone who thought that they were entitled to my money.

By: moneymonk

moneymonk — Tue, 22 Jan 2008 22:30:21 +0000

I agree with Dawn and KMC, he did not have a life. Poor guy

having money but not being fulfilled in other areas = unsuccessful

By: Ellen

Ellen — Mon, 21 Jan 2008 22:08:53 +0000

This is a great story. How do I get someone like this to do a kind deed for my small homeschool group. We need more people like him in the world. The true saying is “there is more happiness in giving than in recieving”. He looks pretty content and happy to I me.

By: Dividends4Life

Dividends4Life — Fri, 18 Jan 2008 18:42:27 +0000

That was excellent! I enjoy reading posts such as this. Thanks for sharing it.

Best wishes,
D4L

By: Enough Wealth

Enough Wealth — Tue, 15 Jan 2008 13:12:52 +0000

Living reasonably frugally and aiming to get-rich-slowly DOES work (I’m well on the way). And you don’t have to live like a hermit in the process (unless you choose to – I think the guy in this story enjoyed his lifestyle). The main advantage of the get-rich-slow approach over get-rich-quick is that it is usually much more reliable. The main disadvantage is that it WILL take quite a long time – so it doesn’t suit those that want the sports car and regular restaurant meals while they’re still accumulating their first million, and want it before the turn 30.

By: Andy

Andy — Tue, 15 Jan 2008 12:13:17 +0000

I did read he plays a lot of golf. So he does do something for fun.

The rest of the time though, he spent working. From what I’ve read in other articles, he regulary worked 60 hours a week. So twenty of those hours he was making well over $11 an hour. I think that is a very important key to this story that is left out. Most of teh time, he was making 75% more than this story actually indicates.

By: anon

anon — Tue, 15 Jan 2008 02:01:24 +0000

Agreed. What a sad story. Almost makes going into debt while having fun sound less problematic. Before I even read the article, I surmised that the guy must have no children, no spouse, etc. I suppose I too could be a millionaire if I got divorced, got rid of my dogs, house, cars, motorcycle, surfboards, vacations, classes, books, and moved into a shoebox. On second thought, I’ll try my luck this way, paying cash most of the way, minimizing my expenses, shopping and playing hard for bargains, and stashing as much cash as I can given the other priorities.

By: omniver

omniver — Tue, 15 Jan 2008 01:16:13 +0000

Adfecto-

different strokes for different folks

some people are able to live complete, fully satisfied, and happy lives with radically different lifestyles than the norm

By: omniver

omniver — Tue, 15 Jan 2008 01:08:00 +0000

something doesn’t add up…

he makes daily trips to the library but has never read a book?

I think the reporters are screwing this story up.

—”for filling up the tank of his ‘88 Isuzu SUV to make daily trips to the library or the mall.”

By: Adfecto

Adfecto — Mon, 14 Jan 2008 22:37:40 +0000

Life is all about balance. Sadly this fellow missed out on a lot because he didn’t understand that. I have a few coworkers that are in the same boat. They have plenty of time and money but still haven’t gotten a life.

Now, he has redeemed himself by giving away his horde of cash, but that won’t bring back a lifetime of missed opportunity. I hope that I’m wrong, and he has found joy and fulfillment being able to give those large donations. I doubt it and I know that isn’t the life for me.

By: David Mackey

David Mackey — Mon, 14 Jan 2008 21:19:53 +0000

Congratulations to him on the money, and I imagine he wouldn’t be doing it that way if it didn’t make him happy…but I have to agree with the other commenters, what does he do for recreation?

By: Brian

Brian — Mon, 14 Jan 2008 19:18:28 +0000

I’m sure this would be an interesting story, but I’ve never read a story, so I sadly can’t appreciate it.

Seriously, never read a book? Avoided relationships? Other than turning oxygen into CO2 through respiration and sorting glass 8 hours a day, this guy has done nothing worthwhile for decades.

By: KMC

KMC — Mon, 14 Jan 2008 18:53:36 +0000

What an utterly depressing story. Here’s a guy whose only apparent avocation is hording money (notwithstanding his current philanthropic endeavors). Speaking only for myself, I know my life would be significantly diminished if I’d never read a book, loved someone, or had children.

By: ChristianPF

ChristianPF — Mon, 14 Jan 2008 18:06:19 +0000

“He seldom watched television.
He has never read a book.
The last girl he had a crush on contracted tuberculosis and died; he has avoided relationships since.
He has no children.”

What in the world did this guy do with his time?

By: ~Dawn

~Dawn — Mon, 14 Jan 2008 17:34:51 +0000

The first thought that popped into my head, “Is he happy?”
I’m sure he is in his own way.
And being single with no kids allows you the opportunity to save a lot of money that being married or starting later in life, doesn’t.

I hope he is content at the very least.