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Friday, May 3, 2013

The story of Earl Crawley


The story of Earl Crawley

This is the story of Earl Crawley, a 69-year-old of Baltimore parking. He’s been working as a parking lot attendant for around 44 years. He’s dyslexic and is earning only a little over the minimum wage for employees in Maryland, United States.

And yet, he owns a fully-paid house and a net worth of more or less $500,000. How did that happen and what he did?

Watch this short feature video on Earl Crawley to find out.

 

Takeaways From the Story of Earl Crawley

1. Stop working so hard and let the money work for you.

2. Save money, even if you’re on a tight budget. Make every penny count.

3. He invested small amounts regularly for many years.

4. He bought blue-chip stocks that paid dividends, and reinvested the dividends.

5. He learned how to invest in the stock market by picking the brains of experts. He was not afraid to ask for financial advice and more importantly, he acted upon what he learned.

6. He believed in the power of compound interest and buying stocks for the long haul.

Inspiring story, isn’t it?

Source:
Ready to be Rich 



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