Author Topic: This is How Grandpa Lived Being Worth $15 Million+  (Read 5186 times)

hodedofome

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This is How Grandpa Lived Being Worth $15 Million+
« on: December 12, 2023, 08:52:28 PM »
Grandpa died at 92 earlier this year. He worked hard from an early age, living frugally, saving a lot, and investing aggressively. He was paying his parents’ mortgage as a teenager, and retired in his early 50s to travel the world.

Worked his career as an accountant for oil and gas companies. Worked in retirement not for a salary, but to have his travel paid for by his employer. Paid $25k for his house, and never upgraded. Made and lost a ton of money in stocks (my sister swears she saw his account on his laptop a few years ago and it was $25 million), and bought income producing land with the mineral rights. He would do well during oil and gas booms. Although he never bought anything on Amazon, he made a million dollars on Amazon stock.

Even with his mind gone, he bought a bunch of Tesla at the bottom in January this year, and convinced his kids to do the same.

Here is how he lived the frugal life right up until the end. Attached: how he fixed the microwave handle.



« Last Edit: December 12, 2023, 09:00:12 PM by hodedofome »

hodedofome

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Re: This is How Grandpa Lived Being Worth $15 Million+
« Reply #1 on: December 12, 2023, 08:53:23 PM »
Breakfast? Eggs and egg rolls go together. Especially if the egg rolls are left over from yesterday.

hodedofome

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Re: This is How Grandpa Lived Being Worth $15 Million+
« Reply #2 on: December 12, 2023, 08:54:03 PM »
Ever cut the ice cream box to make room in the freezer for all the leftovers you’ve saved over the past year?

hodedofome

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Re: This is How Grandpa Lived Being Worth $15 Million+
« Reply #3 on: December 12, 2023, 08:54:51 PM »
No comment. But definitely a grandpa move. Once you’ve lived through the depression, the lessons never leave you!

Dancin'Dog

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Re: This is How Grandpa Lived Being Worth $15 Million+
« Reply #4 on: December 12, 2023, 10:31:56 PM »
Seems like Grandpa was a pretty sharp fellow.  Nice story & photos.  Thanks for sharing.

iluvzbeach

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Re: This is How Grandpa Lived Being Worth $15 Million+
« Reply #5 on: December 12, 2023, 10:52:26 PM »
Awe, what cool memories. Love the story & the photos.

There is one thing I don’t understand…leftover ice cream? We’d just eat it before needing to trim the carton so everything would fit in the freezer. ;)

He sounds like a great man. So sorry for your loss.

Monocle Money Mouth

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Re: This is How Grandpa Lived Being Worth $15 Million+
« Reply #6 on: December 13, 2023, 06:52:10 AM »
That reminds me of my dad's parents. They would open a can of Coke, drink some of it, then put the rest in the refrigerator. They didn't do anything to seal it though. They were always trying to get me to drink the rest of the can of flat Coke :P Their house was pretty shabby looking too. It was a time capsule from the early 1960s.

My understanding is they were reasonably wealthy. They used stuff until it was unusable, and sometimes past that point. My uncle said they would also turn off the water heater pilot light and only turn it back on a couple of hours before taking a shower. Growing up during the Depression left some deep scars. They looked like they couldn't afford a pot to piss in, but could probably afford a solid gold piss pot. They couldn't bear to spend the money even when it would improve their lives.

lifeandlimb

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Re: This is How Grandpa Lived Being Worth $15 Million+
« Reply #7 on: December 13, 2023, 07:26:06 AM »
Respect! I love these photos.

GilesMM

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Re: This is How Grandpa Lived Being Worth $15 Million+
« Reply #8 on: December 13, 2023, 08:17:16 AM »
Is your name in The Will?

hodedofome

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Re: This is How Grandpa Lived Being Worth $15 Million+
« Reply #9 on: December 14, 2023, 06:51:36 PM »
Every grandkid got $100k (he had 11), the rest went to my parents and uncles. The land and vacation home had been put in a trust for them several years ago.

I imagine there are plenty of other stories of frugal elderly who went through the Great Depression, and amassed huge sums of wealth in the process.

stoaX

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Re: This is How Grandpa Lived Being Worth $15 Million+
« Reply #10 on: December 15, 2023, 05:14:28 AM »
Great story!

Two common characteristics of my grandparents and Mrs. stoaX's grandparents were first, they were frugal and second, they were happy in a contented way.

Just for reference they were born in the years 1896 - 1913. So between the Spanish flu, two world wars, a great depression, etc..they didn't live on easy street.

Siebrie

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Re: This is How Grandpa Lived Being Worth $15 Million+
« Reply #11 on: December 15, 2023, 05:18:50 AM »
My parents keep reusing their lever folders; the oldest ones have 'insurance 1973' crossed out.

stoaX

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Re: This is How Grandpa Lived Being Worth $15 Million+
« Reply #12 on: December 15, 2023, 05:24:40 AM »
My parents keep reusing their lever folders; the oldest ones have 'insurance 1973' crossed out.

Impressive - waste not, want not!

hodedofome

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Re: This is How Grandpa Lived Being Worth $15 Million+
« Reply #13 on: December 15, 2023, 07:37:13 PM »
Yeah we always knew there would be hell to pay if grandpa walked in a room with the tv on or lights on and nobody there.

Dancin'Dog

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Re: This is How Grandpa Lived Being Worth $15 Million+
« Reply #14 on: December 16, 2023, 09:00:36 AM »
My grandparents were quite successful and frugal too.  We weren't a very close family, so I didn't know them as well as I would have liked.  After they passed away I was tasked with sorting through the things in their home.  Grandpa had a number of hobbies that I'd never been aware of. I had always known that he was an avid gun collector, but he also had been interested in cameras and had a sizeable record collection. 


In hindsight, when we visited as children we were the main attraction, and of course, my grandparents wouldn't be doing their hobbies or normal chores while we were visiting.  Looking through their possessions, I felt happy to realize that they had a wide range of interests, just as I do.  But it also made me feel kind of sad that I hadn't known them better. 


When I look around our place I realize that I have a lot of stuff that I used to be into that I haven't used in a while.  We don't have any grandkids yet, so it's likely that those things my grandparents had were from earlier times in their lives, maybe before I even existed. 

FireLane

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Re: This is How Grandpa Lived Being Worth $15 Million+
« Reply #15 on: December 17, 2023, 07:55:22 AM »
I love the screw in the microwave handle.

I understand that mindset - it's not about money, it's about avoiding waste. Why throw away something that's otherwise in good working order for such a minor problem?

Warlord1986

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Re: This is How Grandpa Lived Being Worth $15 Million+
« Reply #16 on: December 18, 2023, 08:04:04 AM »
Great story, and kudos to your grandpa for his planning skills.

My grandad also survived the Great Depression and those scars have been passed down a few generations. He left his three sons $30K each in 1986. That was HUGE for him. He never made big money, and with three sons and a stay-at-home wife, things were tight.

My daddy and one uncle are/were very frugal. My one cousin and myself are too, which has come in handy what with the Great Recession and working low-paying civil jobs.

Chris Pascale

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Re: This is How Grandpa Lived Being Worth $15 Million+
« Reply #17 on: December 19, 2023, 08:46:32 AM »
The beer bottle with a cork is pretty awesome.