Someone once said that through the love of reading you can travel the world and be anyone you want to be without ever having to leave the comfort of your armchair. And if you are the frugal sort like Alice Jumper, it is a whole lot less expensive as well! In fact, through her love of reading, Alice was able to accumulate a $1 million portfolio that will be benefiting Central Michigan University and its Library well into the future.
Chester Tamm spent his entire life in and around the small Wisconsin town of Brillion. One could say that he was almost a fixture in that rural farming community. Born in 1927, Chester operated his family’s farm outside of Brillion until it was sold in 1965. He then took an evening shift position at a local lawn equipment manufacturer until his retirement in 1988. Chester went about his work and his life in a slow steady pace striving for excellence in all that he did.
He was a man who sought to help others in need. He was very active in his church and would not hesitate to help his neighbors whether asked to or not. He was the type of gentleman that anyone would want for a friend, neighbor or family member. However, even with all of these attributes, there was no one in Brillion who would describe Chester Tamm as a wealthy man. That has changed.
After Chester’s passing in 2010 the people of Brillion were shocked to learn that this quiet and modest man had accumulated a “small fortune” over his lifetime and once more had left said fortune to many deserving institutions in and around the town of Brillion Wisconsin. Local churches, community centers and libraries are a little more fiscally sound thanks to Chester Tamm’s most generous gift. Chester was another Surprise Millionaire who made a difference to the people of his community.
So you suspect one of your neighbors might be a Surprise Millionaire but are not for sure. How would you be able to tell? Well, most likely you wouldn’t. Thankfully, Len Penzo has broken the code and will give us the scoop on the traits that set the Surprise Millionaire apart from the rest of us.
A retired math teacher and peanut farmer helps to make college a little more accessible and affordable for Florida students.
I thought it might be a good time to take a pause in our Surprise Millionaire journey to address some of the skepticism voiced by some readers regarding their ability to become Surprise Millionaires in their own right. These folks tend to point out the same recurring themes regarding the average Surprise Millionaires profiled in my blog. These objections can be lumped in to the following three statements which I will address below:
These Surprise Millionaire types find it easy to accumulate wealth because they are not currently married or never married.
False: If you check out this blog or my book you will find that many of our Surprise Millionaires are married and have been married throughout their adult lives. However, I believe there could be an argument made that the Surprise Millionaire’s spouse needs to be on board with the wealth accumulation journey and be of a “like mind” when it comes to spending and saving.
These Surprise Millionaire types find it easy to accumulate wealth because they do not have children.
False: Many of the Surprise Millionaires profiled do have children. Rather than seeing their children as an impediment to reaching their financial goals, the Surprise Millionaire takes it upon his/herself to teach their children the art of saving, living frugally and investing. Thus they perpetuate the Surprise Millionaire mindset for another generation.
These Surprise Millionaire types find it easy to accumulate wealth because they live in rural/less expensive parts of the country.
False: I have profiled Surprise Millionaires from all walks of life. From the largest city to the smallest town. From the North, South, East and the West. Regardless of where they are planted, the Surprise Millionaire never fails to bloom. The concepts of saving, living frugally and investing are just as valid from one coast to the next.
So, what is the take away from this little question and answer session? I believe it is that our Surprise Millionaires are just as diverse as the general population. What draws them together is the simple concepts of living below your means, frugality and most importantly saving and investing. Like I have been saying from the start “anyone can accumulate wealth “!