A Word To The Wise

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A word to all of you potential Surprise Millionaires out there.  Remember, the key to wealth accumulation is long-term, consistent investing.  Markets may rise and fall, but the long-term, consistent investor will achieve the goal of wealth accumulation by practicing these simple habits.  Remember the mantra of the Surprise Millionaires, “anyone can accumulate wealth”!

It’s not what you make, it’s how you SAVE

imagesHere at the Surprise Millionaires we are fond of saying that, “anybody can accumulate wealth”.  Over at ESI Money, they have broken this concept down to three easy steps that I thought I might share with all of you potential Surprise Millionaires out there.  This article is one of a series ESI featured in which self-made millionaires were interviewed.  An interesting topic all the way around.

A True Lady and Surprise Millionaire

Helen Banas lived a quiet life during her retirement years in Laguna Woods California. Ahelen-banas widow for more than 50 years, Helen was fond of the simple things in life such as eating bonbons and enjoying the beautiful Southern California weather from the balcony of her modest townhome.

Known as a frugal sort, Helen did not spend money on things she did not need but rather chose to invest her income and watch it grow.  And grow it did!

Upon her death in 2012 Helen left a whopping $27 million to both local and national Alzheimers charities.   It turns out that Helen’s mother had suffered from the disease years earlier and she wanted to provide funds for research and the care of those affected. This multi-million dollar Surprise Millionaire is a great example of what can happen when you invest wisely over an extended period of time.  The results can be astounding!

The Quiet Man

BROWN-061615-01.jpgA quiet man in Chicago whose death didn’t really make the news certainly made the news recently.  James A. Flavin, a man who wore old clothes, drove a beat-up car and lived in a small home in a poor neighborhood was thought to have an estate worth about $53,000.  But then they opened that safe deposit box…