Great Frugal Story

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floridacatlover
Posts: 1970
Joined: Fri Aug 28, 2015 7:21 am

Great Frugal Story

Post by floridacatlover » Sun May 06, 2018 9:55 pm

96-Year-Old Secretary Quietly Amasses Fortune, Then Donates $8.2 Million

A saver, but helped along by being a savvy investor. Love it.

https://www.nytimes.com/2018/05/06/nyre ... v=top-news

DesertNay
Posts: 41
Joined: Sat Aug 29, 2015 7:25 pm

Re: Great Frugal Story

Post by DesertNay » Mon May 07, 2018 7:08 pm

I love millionaire next door stories. I found this one fascinating. Thanks for sharing.

Heloise
Posts: 838
Joined: Sat Dec 17, 2016 12:11 pm

Re: Great Frugal Story

Post by Heloise » Sat May 12, 2018 9:46 pm

So generous, but disappointing knowing the avenue she chose to leave her wealth to.

I have zero respect for universities, due to the exorbitant tuition fees they charge. Education isn't about education anymore, it's about money-making.

colonialgirl
Posts: 1263
Joined: Sat Aug 29, 2015 2:01 am
Location: Central Illinois

Re: Great Frugal Story

Post by colonialgirl » Sat May 12, 2018 10:57 pm

She left it for scholarships for needy students. I find that incredibly admirable. If excess profits are the cause you find abhorrent, I would save my wrath for Oil Companies, Big Pharma and Insurance companies. Education may cost money but it enriches on multiple levels.

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Jackielou
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Re: Great Frugal Story

Post by Jackielou » Sun May 13, 2018 9:22 am

Scholarships for students who need them!! How very generous of her.

I agree CG education does cost money, it doesn't matter if it is university, community college, high school or elementary school. All levels cost something. Yet and education pays back a thousand fold giving us doctors, lawyers, dentists, and well rounded adults that perhaps understand the world just a tiny bit better.

ohjodi
Posts: 731
Joined: Sun Aug 30, 2015 3:57 pm

Re: Great Frugal Story

Post by ohjodi » Sun May 13, 2018 2:30 pm

colonialgirl wrote:
Sat May 12, 2018 10:57 pm
She left it for scholarships for needy students. I find that incredibly admirable. If excess profits are the cause you find abhorrent, I would save my wrath for Oil Companies, Big Pharma and Insurance companies. Education may cost money but it enriches on multiple levels.
Tuition at colleges and universities, public and private, have tripled over the last 20 years.....because the schools know students will borrow money to pay for it, whatever the cost. Inflation on $1 in '97 is $1.50, today. That tuition dollar is $3, today.
ohjodi

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