A Janitor Kept His $8,000,000 a Secret His Whole Life

Imagine you woke up one day to find out that you’re a multi-millionaire. What’s the first thing you’d do? Maybe buy your dream house? Or a superfast car? Possibly a yacht? But you see, not everyone has the same impulses.

One janitor managed to prove everyone wrong with his intelligence and investments. By the time he was 92 years old, he was worth 8 million, and he’d achieved it all by himself. His story, however, is rather unusual.

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TIMESTAMPS:
His childhood and youth 1:06
Ronald's secret 1:51
Why nobody believed this man was rich 2:45
The worth of free education 4:16
How did he make his money? 5:32

SUMMARY:
- Ronald Reads was born on October 23rd, 1921. He grew up with his family in a tiny house in Vermont, where they ran a farm.
- In fact, in 1940, he became the first person in his family to receive a high-school diploma, which was huge back in the day.
- Upon his return to his home town, he got right to work as a gas station attendant at Haviland's Service Station.
- He worked at the same gas station for the next 34 years.
- Then he got a part-time job as a janitor at the local department store. There, he worked another 17 years.
- Ronald was a private guy. He used to love chopping wood and driving his second-hand Toyota Yaris around town.
- The reason why nobody believed this man was rich was because of the way he dressed and handled money.
- One of the things he loved doing on a daily basis was to visit the cafeteria of the local Memorial Hospital.
- Unfortunately, the Hospital Cafeteria was shut down a few years later and Ronald sought out a new coffee stop.
- The local hospital’s development director advised Ronald to pay a visit to the nearby Library.
- He fell in love with a very particular newspaper: The Wall Street Journal.
- He’d spend hours and hours studying about the stock market and investments, until he was able to tell which companies were worth putting his money into.
- Here’s how he secretly made his fortune. He was a true wizard at picking stocks and studying the stock market.
- He invested in companies that paid substantial dividends, or bonuses, in layman’s terms.
- When he passed away, he had more than 95 stocks spread around different industries, such as: telecommunications, healthcare, consumer goods, railway transport and public utilities.
- He gave approximately $2 million dollars to his two stepchildren and some friends. He donated $4.8 million dollars to the Brattleboro Memorial Hospital, and he also donated $1.2 million dollars to the library he used to study at.

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[BRIGHTSIDEOFFICIAL]

If you were to suddenly come into a lot of money, what’s the first thing you would do?

[trinab.]

I learned about him about 5yrs ago and his story inspired me to spread the word about investing, saving and paying yourself first, it's not how much you make, it's what you do with what you make.

[Batiboi]

There’s one word that describes this man...Humble

[steplaland]

Wow, 99.99% of people would not be able to keep their mouth shut about their wealth. Imagine a janitor doing that. He could have owned those that looked down upon his profession.

[sukondeez]

Dig this thought in your mind




"Rich people remain rich because they act like poor, poor people remain poor because they act rich"


(wow, I just took thought and added it here and got so many likes!!!
thanks, I'm so happy )

[darealwill]

Me: how did you get 8 million dollars as a janitor?
Ronald: Stonks

[migo-migo]

For some people I know, investing is like a real life video game. They don't care about the money, but they care about increasing their net worth, and they have fun watching it grow. They usually get really rich but never really use the money for themselves.

[shasow]

"It doesn't matter how slow you go, as long as you do not stop"

[wise_soul]

*Money is numbers and numbers never end. If it takes money to be happy, your pursue for happiness will never end* - Bob Marley

[RE-jjmr]

I'm a janitor for a school district and they look at you like you're trash just because you don't have a collage degree you can speak to them and they don't stay anything too you never judge a book by it's cover 💯

[admiralautism]

He's the kind of boomer we respect

[GEAUXFRUGAL]

He was a car mechanic and gas station owner retired. He went to work for JC Penney as a janitor when he tired of retirement. Was married 10 years she died and never remarried.

[someguy]

me: gets $20
*literally after only 3 minutes* gets new headphones that are not even good

[razibbaraljoy]

No matter how much money, I will never forget my past.

[andrea_plays_roblox]

Always remember:
"Money can't buy happiness"
But
"Happiness is the key to make people smile"

[seanlin]

I thought there would be a dark twist but now I’m happy with how wholesome it is

[markl]

See, this is what we should be learning in school.

[regiltube]

The way you dress is how the way People Address You
-Dan pena

[ew]

Multi-Millionares:*Exists*

Ronald:It’s free real estate

[joebob]

He lived like the 8 mil wasn’t there, just like me.
Guess rich is just a way of life