The Story of Earl Crawley

This article is posted under Inspirations and Motivations, Investing.

This is the story of Earl Crawley, a 69-year-old Baltimore parking lot attendant.

He’s been working there for around 44 years. He’s dyslexic and is earning only a little over the minimum wage for employees in Maryland, United States.

And yet, he owns a fully-paid house and a net worth of $500,000 (that’s roughly Php 20 million at current rates).

How did that happen?

Watch this short feature video on Earl Crawley to find out.

Seven Takeaways From the Story of Earl Crawley

1. Stop working so hard and let the money work for you.

2. Save money, even if you’re on a tight budget. Make every penny count.

3. He invested small amounts regularly for many years.

4. He bought blue-chip stocks that paid dividends, and reinvested the dividends.

5. He learned how to invest in the stock market by picking the brains of experts. He was not afraid to ask for financial advise.

6. He believed in the power of compound interest and buying stocks for the long haul.

7. He listened, and more importantly, he acted upon what he learned.

Inspiring story, isn’t it?

Now it’s time for you to create your own inspirational story of wealth that you’ll tell your grandchildren years from now.

It all starts here when you subscribe to Ready To Be Rich.

Share This: facebook The Story of Earl Crawley138twitter The Story of Earl Crawley4

Choose the next article that you want to read:

How To Do Cost Averaging: Passive Stock Market Investing Part 1
There are two basic ways to invest in the stock market. The first one is active trading which involves “timing the market” and doing fundamental and technical analysis. The second one is passive investing or cost averaging which involves doing steady investments through time. If you want to invest in the stock market but you don’t...

How Does Cost Averaging Work: Passive Stock Market Investing Part 2
In the previous post, I showed you How To Do Cost Averaging – which is simply investing equal monetary amounts regularly on a particular stock over a period of time. For Part 2, I shall try to explain how cost averaging actually works. First, you should know that cost averaging is not limited to the...

People are talking about this article, join the conversation below.

  1. Wow!!! that’s a very inspiring story!

    Now I believe even more in dividend re-investment.

  2. Glad we have someone like you Fitz who reminds us to stay focused on our goals. How I also wish that our local media would do the same… Imagine, there’s not even a business section in our news (local channels), which is alarming because ordinary and poor people may not have a way to know about these things! It also upsets me that everytime there’s news about our stock market’s good performance, media always ask why there’s still a lot of poor Filipinos. If only they also get financial education, no matter how small they earn, then it would be possible to be like Earl Crawley.

  3. This is amazing and really inspiring story. Validates that long term investing do work.

  4. Very inspiring story. Simula ngayon I will focus more on long term investment. Thank you very much Fitz for sharing this.
    (… your the man.)

  5. I saw this article last month I think but didn’t paid much attention. Now, I love this article. he-he By the way, it is such a shame for the Philippine government be so problematic with the Filipinos’ poverty issue yet they have no sound campaign/drive to make Filipinos financially-aware! Public schools (where I came from) have no idea what financial planning is or even the slightest idea about practical money management. I heard Sen. Angara (the son) have plans to integrate these stuff to public education. Hope he would do it effectively one day. I must say big Thanks to the Internet and you, Fitz! God bless you.

Sponsored Links

Share your thoughts and leave a response below: