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Crazy Money Day – Anne Scheiber

It’s Crazy Money Day!

Anne Scheiber was an IRS auditor who never made more than $4,000 a year. She retired in 1944, at age 51. She was given a $5,000 lump sum and an annual pension worth $3,000. She died 50 years later with an estate valued at $22 million. How? Frugality, longevity, and consistent, wise investing.

She lived in a small apartment, didn’t buy new furniture, and wore the same clothes for decades. Her savings, as high as 80%, went to blue-chip stocks and bonds. She researched, bought, and held stock, then reinvested the dividends.

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