We love stories about people who amass fortunes through the simple principles of living below their means and long term investing that enables the magic of compounding. Wealth is built with time, not timing. A number of publications recently published just such a story on Geoffrey Holt.
Geoffrey led a simple life in rural New Hampshire as the caretaker of a mobile home park. Despite his unassuming lifestyle, Holt left behind a philanthropic legacy, donating over $3.8 million to his local community upon his passing. Holt's journey to financial success wasn't an overnight feat but rather a lifelong commitment to the steady accumulation of wealth. Living modestly, he consistently invested his savings in mutual funds over the years. His patience and perseverance benefited an entire community.
Geoffrey’s story reminds us of the power of compounding and the importance of building wealth through time, not timing.
Read the full story of Geoffrey here.
Source: New York Times & The Brattleboro Reformer
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