Earl Crawley earns $20,000 a year as a parking lot attendant. Even with such a small amount of income he has managed to create a nest egg of over $500,000 in the last 44 years. If Earl is not an inspiration to you then you are a lost cause.
You know those simple savings tips that you read on all the PF blogs? They can help you do what Earl has done. Spend less than you earn and invest the difference and you are on your way. Earl’s example shows that it’s not all saved in a day. It takes years and years of self discipline to achieve your goals.
Check out the article:
http://www.kiplinger.com/magazine/archives/2007/09/mystory.html
That is awesome. Earl is a true inspiration and shows that you DO have direct power over your finances.
I earn my state minimum wage, with no fringe benefits (I’m assuming Mr. Earl had employer-provided (or subsidized) insurance, and that he has Medicare now.)
I’m confident I spend less than he does, especially when adjusted for cost of living (cost of living in Baltimore is 1.8% lower than where I live and work, according to the salary.com website). So frugality won’t make you rich on a minimum wage income – sometimes, it really IS what you make.