Anyone can become a multi-millionaire

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bigfreddiel
bigfreddiel Posts: 4,263 Forumite
edited 31 August 2016 at 5:55PM in Savings & investments
On CNBC today was a story about Ronald Read, a janitor in Canada.

Sadly he passed away aged 92, but it was then discovered he had amassed a fortune to the tune of £6,000,000!

Goes to show you don't need to be an expert financier or the help of an advisor to become a multi-millionaire.

Easy innit!

Cheers fj
«134567

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  • [Deleted User]
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    I think I might be his long lost relative ..... :cool:
  • bigfreddiel
    bigfreddiel Posts: 4,263 Forumite
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    Wish I was!
  • lippy1923
    lippy1923 Posts: 1,374 Forumite
    First Anniversary First Post Combo Breaker
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    I'd settle for just being a millionaire. Multi millions are just a nice bonus ;)
    Total Mortgage OP £61,000
    Outstanding Mortgage £27,971
    Emergency Fund £62,100
    I AM NOW MORTGAGE NEUTRAL!!!! <<Sep-20>>

  • bigfreddiel
    bigfreddiel Posts: 4,263 Forumite
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    When you've made your first million you can't stop!

    Well I can, I'm far to lazy!
  • Broken_Biscuits
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    Live for a long time, spend next to nothing and Invest in buy and hold strategies. =Die rich.

    Confusing story. Leaves all his money to charity, didn't enjoy his wealth at all, would not buy himself anything. His family were surprised he had wealth which suggests he was not a generous man to those he knew.

    You would think nearly anyone else would do things with the money that would change their lives and those around them.

    Wasted opportunities.
  • lippy1923
    lippy1923 Posts: 1,374 Forumite
    First Anniversary First Post Combo Breaker
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    How did you make your first mill? Any tips for a millionaire wannabe?
    Total Mortgage OP £61,000
    Outstanding Mortgage £27,971
    Emergency Fund £62,100
    I AM NOW MORTGAGE NEUTRAL!!!! <<Sep-20>>

  • Pincher
    Pincher Posts: 6,552 Forumite
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    Property.

    Have a look at David Buik's guest column in Money, page 3, Sunday Times 28th August 2016.

    "What I should have done was to buy another property and rent it out."

    And I can confirm a flat bought for £200k in 1998 is worth £840k, according to Zoopla. Don't forget the rent for the last 18 years.

    I should have gone to Berlin, I hear it's gone up by a factor pf ten for similar time scale.
  • Cornucopia
    Cornucopia Posts: 16,189 Forumite
    First Anniversary Name Dropper First Post Photogenic
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    Maybe anyone can be a millionaire, however everyone can't be a millionaire unless being a millionaire is meaningless.
  • Gadfium
    Gadfium Posts: 763 Forumite
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    Goes to show you don't need to be an expert financier or the help of an advisor to become a multi-millionaire.

    Nice bit of confirmation bias there. How do you know that he didnt use an advisor? How do you know that he didn't use a stockbroker?

    Hey-ho...another day, another chance to tell everyone of your dislike of professionals and how much you're worth....
    :D:D:D
  • BananaRepublic
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    Pincher wrote: »
    Property.

    Have a look at David Buik's guest column in Money, page 3, Sunday Times 28th August 2016.

    "What I should have done was to buy another property and rent it out."

    And I can confirm a flat bought for £200k in 1998 is worth £840k, according to Zoopla. Don't forget the rent for the last 18 years.

    I should have gone to Berlin, I hear it's gone up by a factor pf ten for similar time scale.

    Property in Bangalore has done incredibly well. And in Chinese cities too. I bet property in big cities in Poland is a good investment opportunity.
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