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This another heart warming story of a lady who purchased stock in 1935 and let if grow into a $7 million fortune over a 75 year period. Of course, she lived a very simple life and saved her money over this time period. If you have another 75 years, this is one way to be a millionaire.
Grace Groner was incredibly reserved with her money, a result of living through the Great Depression. Groner chose to buy her clothes from rummage sales rather than stores. She chose to walk everywhere rather than buy a car. Her home was furnished with a few simple pieces of furniture. And her TV was an outdated giant that makes anyone’s in America seem like state-of-the-art.  What’s the catch?
Well Grace Groner wasn’t exactly counting pennies it was more of a personal choice for her. In 1935 she purchased three shares of Abbott Labs stock for $180 which turned into a grand total of $7 million today.
Her one out of the ordinary blip in spending was a scholarship program she created for Lake Forest College, her alma mater. She had told the school that she planned to donate more once she passed away. In January, at the age of 100, Groner passed away and her attorney informed the college president that she had left her fortune to the school.
“She did not have the material needs that other people have,†said William Marlatt, her attorney and longtime friend. “She could have lived in any house in Lake Forest but she chose not to … She enjoyed other people, and every friend she had was a friend for who she was. They weren’t friends for what she had.â€
See Youtube video of Grace Groner
