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Joshua's Beginner's Investing Blog

By Joshua Kennon, About.com Guide to Beginner's Investing since 2001

Lessons from a Secret Multi-Millionaire - How Anne Scheiber Amassed $22 Million from Her Apartment

Thursday September 20, 2007
In the mid 1940’s, Anne Scheiber retired from the IRS where she worked as an auditor. Using a $5,000 lump sum she had saved, and a pension of roughly $3,150, over the next 50+ years, she built a fortune from her tiny New York apartment that exceeded $22,000,000 upon her death in 1995 when she left the funds to Yeshiva University for a scholarship designed to help support deserving women. Here are some of the lessons we can learn from this ordinary woman that achieved extraordinary wealth.
Comments
April 2, 2008 at 6:45 pm
(1) john hogan says:

how can i become a millioaire @ 70 years
of age ?
John Hogan

March 1, 2009 at 8:49 am
(2) Anne says:

Don’t marry, don’t have children, and wear same clothing everyday. When you go to shareholder’s meeting bring a bag with you so you can stuff it and eat them for couple of days. This is sure way to save money. Good luck.

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