The Millionaire Janitor

Credits to The Psychology of Money for the inspiration.

According to Wikipedia, Ronald Read is a philanthropist, investor, janitor, and gas station attendant.

He worked as a gas station attendant for 25 years and swept floors at JCPenney for 17 years.

Read died in 2014 and made headlines when he gave a $2M inheritance to his grandkids, then donated $1.2M to the local library and $4.8M to the hospital.

How can a janitor and gas station attendant amass such a fortune?

Read lived a simple life. He didn’t spend much. He invested his money. And that money compounded.

This goes to show that the basics of personal finance are simple. Live below your means and invest your money.