Updated: November 29, 2021
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 advice.
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.
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Wow!!! that’s a very inspiring story!
Now I believe even more in dividend re-investment.
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.
This is amazing and really inspiring story. Validates that long term investing do work.
Very inspiring story. Simula ngayon I will focus more on long term investment. Thank you very much Fitz for sharing this.
(… your the man.)
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.
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[…] However, he owns a fully-paid house and a net worth of $500,000. How did he do it? By investing in the stock market. I featured his story here. […]
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