Georgia 'cheapskate' is millionaire author at 28

Atlanta Journal Constitution ^ | 12/29/07 | BILL HENDRICK

[Bear_in_RoseBear]

The comments criticizing this guy are making me laugh. If you spend any time reading the histories/biographies of any of the "great capitalists" of the 1800s (Carnegie, Rockefeller, Getty, etc., etc.) you'll find very similiar characters: men who worked any job they could, saved every dime they made, and most importantly worked the system to get ahead. That's how a fortune is made, pure and simple. It isn't nice, and it isn't pretty, but that's how it's done, period.

[Oshkalaboomboom]

He conned his way onto Jerry Springer (maybe not moral but definately funny), does stand up comedy part time and lives with his buddies. I think this guy sounds more like Kramer than Scrooge. He is loyal, smart, hard working and goal oriented. Way too many Freepers on this thread need to get the stick out of their posteriors.

Then you must really be proud of Priscilla Ceballos

http://www.freerepublic.com/focus/news/1945384/posts?page=1,50

[visualops]

I believe he had to have lied about his assets and earnings, or subsidized housing in NYC is available to people who aren't exactly needy:
So by the time he graduated with a computer degree from UGA, he had $10,000... snip ...$40,000 a year at a computer company in New York.

It's irrelevant what color he is and I have to wonder why you even mentioned it.

[Hacksaw]

new cars every 2 years

That's the one thing every financial book I have read agrees on - cars are the biggest money drain you can find.

[Mike Darancette]

Remember he had just gotten that job so he had no job history. As to the assets I don’t know what the NY rule on that is but since he got most of it as a minor....

There seems to me that there is some reason people don’t think he should have gotten housing.

[GladesGuru]

Who marries for money, earns it.

Old Jewish saying.

[tenthirteen]

Miser, skinflint, cheap as rags....he’ll probably turn into a bag man in his old age and feed the pigeons. NYC is full of them.

[FreedomCalls]

In 1955 if you had a million you were a real millionaire. Compare what 1 million would have bought you in 1955 to a million today. $12,000 bought you a house, $1500 bought you a car. Milk was 18 cents a quart, bread 11 cents a loaf, sodas and candy bars were 5 cents. I’m suppose to be impressed that he is a millionaire today?

According to the inflation calculator, one million dollars today would have been $7.2 million in 1955 and going the other way, $138,000 in 1955 would be equivalent to one million dollars today.

[GladesGuru]

I wouldn’t bet much on your forecast, were I you.

PS The Big Sh*tty has always had lots of airborne rats, and the hawks moved in to feed on ‘em.

What feeds on bag men? Petty criminals, and the ‘social worker’ goobers on gooberment salaries who are there to help the bag men.

On second thought, those two categories of predator may be more closely related than I thought. My apologies for any redundancy.

[visualops]

There seems to me that there is some reason people don’t think he should have gotten housing.

Ya think?? Several thousand in savings, no debt, and 40K a year with no dependents?

[fightinJAG]

I do think that the moral of this story is the “saved compulsively” part.

Many people could have a lot more in the bank if they saved with even a little more enthusiasm and creativity.

[Oshkalaboomboom]

I do think that the moral of this story is the “saved compulsively” part. Many people could have a lot more in the bank if they saved with even a little more enthusiasm and creativity.

I can't argue with your logic. But we here in the Atlanta area are lucky to have as a local radio host perhaps the most beloved tightwad in America, Clark Howard. Clark was a retired multimillionaire in his thirties and instead of writing some lame book bragging about how he schemed and conned his way into saving he shared real knowledge with people, a job he does to this day.

http://en.wikipedia.org/wiki/Clark_Howard

[zip]

ping

[Rebelbase]

2007 thread, don’t ask how I found it.

Your quote in December of 2007 talking about the guy who was rich in real estate: “Not for long weird boy. Most if your “wealth” is paper wealth tied to a house. Expect to take a 50% haircut to your net worth in the next few years... “

You sir are a prophet!

[2banana]

It will happen again in 2016