How Ordinary People Become Millionaires

“There is much revenue in economy, and no revenue is sufficient without economy.” — Benjamin Franklin

This week’s Barron’s tells the story of Stephanie Mucha, who at age 97 recently gave away $3 million to charity. Despite never earning more than $23,000 a year at a medical center in Buffalo, New York, she has a net worth of $6 million.

Did she hit the lottery? No, she and her husband lived frugally and invested prudently on their own. In 1964, they bought 50 shares of Medtronic, the maker of cardiac pacemakers, which now is worth nearly half a million dollars.

Read more stories about normal people becoming millionaires at Eagle Daily Investor.