A Janitor Kept His $8,000,000 a Secret His Whole Life
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- Опубликовано: 7 сен 2024
- Imagine you woke up one day to find out that you’re a multi-millionaire. What’s the first thing you’d do? Maybe buy your dream house? Or a superfast car? Possibly a yacht? But you see, not everyone has the same impulses.
One janitor managed to prove everyone wrong with his intelligence and investments. By the time he was 92 years old, he was worth 8 million, and he’d achieved it all by himself. His story, however, is rather unusual.
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TIMESTAMPS:
His childhood and youth 1:06
Ronald's secret 1:51
Why nobody believed this man was rich 2:45
The worth of free education 4:16
How did he make his money? 5:32
SUMMARY:
- Ronald Reads was born on October 23rd, 1921. He grew up with his family in a tiny house in Vermont, where they ran a farm.
- In fact, in 1940, he became the first person in his family to receive a high-school diploma, which was huge back in the day.
- Upon his return to his home town, he got right to work as a gas station attendant at Haviland's Service Station.
- He worked at the same gas station for the next 34 years.
- Then he got a part-time job as a janitor at the local department store. There, he worked another 17 years.
- Ronald was a private guy. He used to love chopping wood and driving his second-hand Toyota Yaris around town.
- The reason why nobody believed this man was rich was because of the way he dressed and handled money.
- One of the things he loved doing on a daily basis was to visit the cafeteria of the local Memorial Hospital.
- Unfortunately, the Hospital Cafeteria was shut down a few years later and Ronald sought out a new coffee stop.
- The local hospital’s development director advised Ronald to pay a visit to the nearby Library.
- He fell in love with a very particular newspaper: The Wall Street Journal.
- He’d spend hours and hours studying about the stock market and investments, until he was able to tell which companies were worth putting his money into.
- Here’s how he secretly made his fortune. He was a true wizard at picking stocks and studying the stock market.
- He invested in companies that paid substantial dividends, or bonuses, in layman’s terms.
- When he passed away, he had more than 95 stocks spread around different industries, such as: telecommunications, healthcare, consumer goods, railway transport and public utilities.
- He gave approximately $2 million dollars to his two stepchildren and some friends. He donated $4.8 million dollars to the Brattleboro Memorial Hospital, and he also donated $1.2 million dollars to the library he used to study at.
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If you were to suddenly come into a lot of money, what’s the first thing you would do?
finding out who made bright side indonesian version??
Make a Buisness
meme👏review👏
Buy a Lamborghini
Ur sis
For some people I know, investing is like a real life video game. They don't care about the money, but they care about increasing their net worth, and they have fun watching it grow. They usually get really rich but never really use the money for themselves.
I learned about him about 5yrs ago and his story inspired me to spread the word about investing, saving and paying yourself first, it's not how much you make, it's what you do with what you make.
A noble cause. Pay yourself first!
Yes, all about what you do with the money.
Amen! Power to you and to everyone else reading this!
I'm a janitor for a school district and they look at you like you're trash just because you don't have a collage degree you can speak to them and they don't stay anything too you never judge a book by it's cover 💯
Dig this thought in your mind
"Rich people remain rich because they act like poor, poor people remain poor because they act rich"
(wow, I just took thought and added it here and got so many likes!!!
thanks, I'm so happy )
Thats true in a way that is! Rich people dont just buy mates drinks and offer money to the homeless and so.. and poor people do, this is generaly, obviously there are ecxeptions, but yea ur right! I was in a foreign country working and between jobs i had all my documents stolen, and ended up homeless for a few months and the people that helped me the most were all the poor people, untill i got my new documents through the embassy, i only had luck with people with little.. the rich didnt even bother
I act poor and remain poor 😂
@@spiko-ou3bp good joke but actually if you are poor ,you will have that hunger to be rich and to be successful, you would have gone through a lot of hardships and that will give you gratitude for everything , simplicity , builds character and humility which is a blessing
But if you are born rich people will not have these characteristics learnt easily but should study them thoroughly and not like the poor who has experienced this
@@sukondeez6137 You should be an inspirational speaker
Ruben Marques Mr bea.........
*Money is numbers and numbers never end. If it takes money to be happy, your pursue for happiness will never end* - Bob Marley
FACTS 💯
Very clever
Dayum
Says the man who was worth 130 million dollars
@@biazer9517search up the video "Bob Marley my richness is life forever". He doesn't care about money
Wow, 99.99% of people would not be able to keep their mouth shut about their wealth. Imagine a janitor doing that. He could have owned those that looked down upon his profession.
Well done, he worked hard, invested, served his country and paid it forward!
There’s one word that describes this man...Humble
Tightass
Okayyyyy
more like waste man.
More like plain stupido
I'm a custodian in a school and am currently investing . Never judge its book by its cover.
Same
Custodian myself employed with Post office for the last 5 yrs...great job pay and benefits!! Definitely a solid career for me!
But still sometimes have to judge a book by its cover
Same but I’m in the family trade trying to get out!!
I really hope you strike it big enough to be rich boss! I’m currently investing too!
He's the kind of boomer we respect
he's not a boomer. he was born in 1921
Lol
the greatest generation* look it up
Gen x
i don't think you know what a boomer is
See, this is what we should be learning in school.
What how to invest in stock market?
Tristan Mark Ranillo Yea
If everyone knew this it wouldn’t be as special
oooo
@@damion1121 complex math is involved and a lot of analyzation is needed. I don't think a lot of children can learn it even in highschool. I have been a casual trader every now and then and I made quite a profit but even I still don't know how the stock market fully work. And don't forget you need funds in order to buy stocks and remember that 18 year old kid that killed himself because he got a million dollars debt because of stocks.
"It doesn't matter how slow you go,as long as you do not stop"
SHASOW 13 - 2020
I get the message... but it’s not true
THAT'S SO DEEP BRO ,😭😭😭😭😢
This is true. Investing is one of the best ways to make money in the long term. There’s also creating your own business and investing in your education.
Woah there
me: gets $20
*literally after only 3 minutes* gets new headphones that are not even good
The Underwater Gaming 😂😂😂😂
R.I.P.
Nah roblox card
Buy skullcandy
I do feel for you!!
Nice story but I DON’T want to be old and rich when I can’t enjoy the money....
With that mindset you will be 55 and still poor. Save money in your 20’s-30’s and you’ll enjoy your 40’s+. Rather than being broke your whole life
@@Bpelts00 Lol actually it motivates to me to work even harder while I’m still my 20’s and 30’s. I’ll more likely more retired and rich by then.
There are many ways to enjoy your money. Accumulating money to see how much you can amass can also be an enjoyment.
@@howellwong11 Kinda like trying for high score in video games. The one who dies, with the most money, wins.
So you want to be old and poor ? when people telling awww do you need help.
Always remember:
"Money can't buy happiness"
But
"Happiness is the key to make people smile"
Haha, Money Can't Buy Happiness But...
It Can Buy You Food
It Can Buy You A Home To Sleep In
It Can Buy You Transport
It Can Buy You Education
Without These You'll Never Be Happy
@@Sazid-Shahriyar-Roop ;-;
@@Sazid-Shahriyar-Roop you don't get it do u??
But I'd rather cry inside a lambo 😭😭
@@frugalchic545 oof its ur life its ur decision i wont force u
Me: how did you get 8 million dollars as a janitor?
Ronald: Stonks
Will6877 bruh 😅😂🤣
Investments, that paid off. I invested in non beggars.
He didn’t, he invested in the stock market, with blue chip companies. Didn’t you hear the story?. You got to pay more attention as someone didn’t pay too much attention in college!. Sad 😢
Nsbsh
No matter how much money, I will never forget my past.
The way you dress is how the way People Address You
-Dan pena
That's part of the reason I dress in jeans and t-shirts. I want the people who most ignore to see me as approachable. You can learn amazing things from the janitors/waitresses/service industry people of this world.
When someone in a suit approaches me I tell them I am not interested in their scam.
Definition of moving in silence 💪🏿🤧.
I learned about him while I was getting out of debt, I embraced contentment I am now 10 month shy of paying my last debt which is the mortgage.
That’s Great Dan
Well done
I thought there would be a dark twist but now I’m happy with how wholesome it is
It was they never said what he left his wife or what happened to her .
He : saves his 8000000 money
Me : doesnt have money to save😢
Likewise Bro 😢
He commented on one my videos to
@Imoyiyrbz sure he did cuz I just checked. Did u delete it?
I feel the same
Goddy
He was a car mechanic and gas station owner retired. He went to work for JC Penney as a janitor when he tired of retirement. Was married 10 years she died and never remarried.
He lived like the 8 mil wasn’t there, just like me.
Guess rich is just a way of life
If you have 8 million and dont want it I'm sitting here waiting till I begin investing in the stocks.
@@jamieh7725: Maybe you should try to make it on your own.
More greed more problems
I applaud this man 👏🏻
“When You invest, you are buying a day you don’t have to work.”
Facts
$1 in the market can possibly give you $0.04 a year, forever. (Assuming you have an investment earning 10% annually and you only draw down 4% annually.)
Assuming you are investing in right investment.
💡
Right now, I am worth 1 dollar 3 cents as an 11-year-old
Don’t worry bud I’m 21 and worth the same
I am worth 607.35 dollars just about Six hundred seven dollars and thirty five cents i would about 750$ if it wasn’t for the economic fall
Btw i am 9 year old i just save my money from birthdays and our religion has a festival in which you give money to the poor and your kids money and i saved all of thst
There will come a day, you will get lots of money, but still you will think that’s not enough.
The only thing you need is that to trust yourself. Money comes, money goes, but you will stay for yourself.
I’m 200000000000 and I’m worth 300000000000000000000000000000000000 trillion dollars
Satisfaction in life is very important, and money is important for good lifestyle
Shubham Negi If he had used his wealth to take care of himself he would be living longer
Hes what I describe as quiet brilliance: unassuming,but very focused,determined,& just a great desire to make a tremendous difference,& he was humble,a Godly trait.
He: Library helped him to get rich
Me: Library helps me not to get homesick the country where I came from
Why are you here then? Go home, be happy.
@@Willy_Tepes They're here for opportunity. While they may miss their native land, they may feel that it is the right choice to move to somewhere which was and perhaps still is somewhat unfamiliar but that doesn't mean they can't still harbor feelings for their homeland.
@@pi3.145 well said
There are 2 kinds of people in this world who should never have money: those who waste it and those who never spend it.
don't be jelly
For reals what a waste
If he had spent it, he wouldnt have money. Spend wisely but if someone is happy not spending their money, let em be.
Pretty sure there is a lot more then 2 people in the world.
Damian Lord 2 kinds of people and 2 people aren’t the same thing
Everybody gangsta till the janitor reveals he's rich
Honestly how it should be. I made my first million trading stocks earlier this year. I still go to my old job everyday, nothing new. My colleague overhead me talking to my wife about it and went crazy!! Hope to build it to 8 digits someday!
@@vargaskenneth8837 Thats really impressive. Have tried doing that on my own without luck for sometime now. Getting fed up by the day. You work with a broker or you work alone?
@@thepotter867 Yeah, definitely, I work with one. "Amanda Blair Peters", she was in the news when she revived Grumac company in 2018. You can look her up on the web to get more on her!
@@vargaskenneth8837 Wow I know this pretty little lady. Met her once at a fundraiser in Dallas. Great speaker.
@@vargaskenneth8837 A colleague of mine said she put in 60k into her firm and she doubled it months... Been meaning to check her out cos she has to be truly amazing to do that
Find a way to invest, turn that million into more. Then when i become a multi- millionaire then donate to less fortunate.
First homeless guy I find gets at least 10k if i get enough money
He avoided debt and lived a simple life while quietly pilling up investment $ millions. No one wants to do that today.
Houses aren’t $12,000 anymore. HS diploma doesn’t get you a career anymore.
Nope everyone want to keep up with the Jones.
@@davidkaplan5517 They aren't but you can still live below your means and open a brokerage account to invest.
@@abyss104 the time horizon for brokerage accounts doesn’t allow to buy a home. It allows for retirement.
@@davidkaplan5517 A gas station attendant and a janitor are jobs most people can get with a high school diploma.. plus careers are out there and attainable without a college degree. Moral of the story is work hard, don’t live a above your means and research your investments.
Multi-Millionares:*Exists*
Ronald:It’s free real estate
Ronaldo
Oops
Me: sees something about janitors. IM COMIN BRIGHT SIDE IM COMING. Edit:Oh sorry btw I used to want to be a janitor when I was little
Sameeee
Likewise Bro100%
imoyourbz which one?
Yeah which one I’m so curious lol I sound sarcastic but I’m not
My mom is one she's my hero
Honestly if I was a multi-millionare I'd just chillax then lock myself in my room to play video games all day. I don't need no expensive house or expensive cars. All I need are the essentials to get me by each and everyday. My dream life situation is to be able to relax in every passing day without worrying about absolutely nothing until the end of my days.
Same 💯 I'm not a gamer but I'd want the latter 😅
I would donate a quarter of the money
Now that 25 cents is gone
Hahahahaha 😂🤣
Your my idol
😂
Hahahahhahahahah
Lol
The best way to stay rich is to live broke
Nah invest and use your brain .
Lol
@Tyrese Haliburton is better than Lamelo Ball I don’t think he really comprehend what I was saying
No
True in a sense. You can't take it with you when you die. So enjoy some of it.
It sounds like he truly enjoyed his life, what he did and who and where he spent it. When it was time to go he gave back to the places that cared for him and he cared for. Beautiful.
I remember hearing about this guy. Thank you for taking the time to explain it in more depth. My respects to him. He sets a great example for us all
He: Library helped him to get rich
Me: Library helps me not to get homesick the country where I came from
.
I would use my millions to help my mom
She has health issues so…
I'm Deeply Sorry My Queen😢...I pray for Gods Mercy and Healing Upon Her. Amen.
Sending you some energy
she'll be fine we'll pray for thay
Health issues you say?
What health issues? 👩⚕️
i dont know your mother but she is lucky because she is your mother...i really like people who love parents... my English is not to good i hope you understand what i am trying to say😊
The secret of your future is hidden in your daily routine, successful people do daily what unsuccessful people do occasionally.
👏👏👏👏👏👏👏👏👏👏
Love that book.
That Janitor is smart for his money.
I’m on first.
I’m not last.
But when bright side uploads.
I click fast.
Likewise Bro 😊
Good
Rest In peace.
Old joke
not*
I love it. Never let anyone know what you're doing.
In conclusion:Expect nothing and you will never be disappointed 😂
Bring side :That's not a good idea, because dream is forever.
I expect nothing, and i´m still let down *dewey from malcolm in the middle, words i life by xD
Bright side should talk more about stock markets
So u would think U have the knowledge to invest ur Money?
@@andiwand6132 not really.
I agree
I'm sure there's several books you can read by stock market gurus to learn from.
and that kids is how i got to be rich at the age of 14
Born poor Die rich. But never mentions that this man takes a vacation in the outside world to relax and enjoy the blessings he has labored.
Didn’t didn’t give his wife a dime. That’s crazy.
He did, sharing it with his kids and wife
BubbaCrane That is kind of crazy he gave all of it to everything he loved except his wife
cuz she was a gold digga
BubbaCrane he was a very smart person.
His wife died in 1970 of cancer and he did not remarry! Research Before You Write.
In today’s world, can learn so much from this man
Moral of this story:
Never underestimate an old man in a Toyota Yaris.
Donate, takecare of my 99 year old mother,find a place to live and finally have surgery .
Surgery for what
Yeah for what?
Surgery For what ?
Surgery for what?
Surgery for what?
I used to be a window washer and this guy worked with us who owned a million dollar company, he just cleaned windows because it's what he enjoyed doing. He didn't have to work because of how much money he had. He was really nice, he'd buy people lunch just to be nice and stuff.
There’s a Warren Buffet amongst us. Imagine if he uses just $1mill to start his own hedge funds. Millionaires and billionaires would line up to invest with him. Wow!! Billionaire Ronald.
I don’t get it. Work your whole life just to give it all away anyways
David Does that’s why you’ll never never see that type of wealth
I said the same thing too , was it even worth it ?
He didn't work for the $8 million, that was from the investments, which he just enjoyed reading about the markets anyway. The only work he did was as the gas station attendant, which presumably he just did to keep himself busy since he was fully aware that the $20k/yr obviously meant nothing.
I don't get it either.
Its called humbleness & nobility! Something you don't have ! Hence why you will never be wealthy!
To the question at the start. I would keep it and be a normal person and use it wisely
Also I would help poor people!
Same
Very nice and informative video, engaging from beginning to end
Consistent small steps in the right direction and you will look back one day and be amazed how far you've come
Knowledge comes from learning, wealth comes from wise investment
It's crazy how people think 3-5 years trading is a long time to get rich but didn't 40 years at a job is a long time to stay broke
Transformation indeed happens in the mind but you can be successful without putting in the amount of work needed, don't let anyone tell you different you need to work to get to where you want to be.
@Robin Fred talking about investment. I was able to attain this investing in the market, navigating the market in search of a profitable investment is always not easy. All thanks to expert Larry Kent Nick who oversees my trading account
5:56
''The amount he'd lose, would be insignificant''
But 20 gold ingots disappear
fr
They need like a simple app for buying stocks, with a easy portfolio platform to see your stats. Make it so a young fella like myself can even understand and try and invest long term.
Use coinout and have a friend invest with you by using eBay selling item and buy worth at least 5k I recommend desktops or laptops this will get your cash back multiplied but it will take at least 3 months to receive it this is a pain buts worth the wait
Robinhood if you're in the US, it's commission-free, invest regularly in dividend yielding stocks and get into the habit of reinvesting your dividend payouts for what is, essentially, compound interest.
Plenty of videos out there to help you understand the concepts and help pick safe stocks
JDM Cesar it’s literally you go on the offical trading website (ASX, because I’m in Australia). Set up a trading accounts You then pick a company you want to invest in, then you set an order for what price you will be willing to buy at. Then if someone sells shares for your price you have bought them....
There’s not many people like this in the world
There are far more than you think. I know many.
IRS: We'll need to look at this guy's tax returns
Spends good enough of his life studying how to make all of that money, gave some to the kids who wasted no time spending it. 😅
They probably spent it on partying and expensive cars so sad
*And Bright Side didn't Mention about The Old Man Giving Money to His Wife,sad tho lol,cuz Bright Side only Said he shared his Money to His stepsons and Few Friends and etc,and didn't Mention His Wife* ⚠️‼️
That's my life story. Much respected to Ronald. If he was born in my generation he would have more than that & maybe more career opportunities. I will use 8% of my money & 92% will go to charities.
How does that work?
If I was a multi-millionaire, I would rather donate 35% of it to the charity
Big respect, I just hope he took atleast a few vacations......
this video made me cry. Dont judge book by its cover.
He should've buried his money and left a scavenger hunt for the city.
Gurtaj Pandher Yes bank I’d like to withdraw 8 million in cash please thank you
@@Kaiyats umm thats 8 million is in stock value
He left everything he ever owned in.. ONE PIECE!
@@legendaryplumber1074 :O NANI?! THE GREAT ONE PIECE THAT MIGHT BE IN RAFTEL?
This will probraly help me when I'm older (I'm ten)
All the best buddy. I wish you a good life.
Ur 10 Get off RUclips kid
@@BryanRacks you sound like a ten year old too
pumpkin boi with ur head ahh name you look like a white kid
Cube Dude Kids these days, stay off of RUclips until you’re 13 and above.
Investing in the stock market excites me more than a casino ever could.
I agree with you 100%.
Me: I use my money to help others ♥️
I knew there was something wrong with the janitor when he said he loved school and would walk 5miles for it.
Anubha Sharma kids back then had nothing better to do. You either go to school or plow fields all day. They couldn’t stay home all day and play Fortnite.
I’m sorry !! I’m not working hard all my life just to give away all my money... I will donate some but my family will get the larger portion tf idc 😒
First Name you’ll never be rich
Samuel Carrillo you don’t know that
@Chris Forson 1 million is a great head start, you can't be mad, it's his to do with as he pleases.
You might not understand his motivation for giving the amount he gave. I would assume he gave them enough to be comfortable enough to pursue their dreams but not enough to stop living.
I’d live in a cheap house wear cheap clothes drive cheap cars put my money into family, making people happy
YaBoiLogan XD preach
Why do you never show your face?
We neeeeed a face reveal!!!👍👍👍😁😁
F A C E R E V E A L!
👍✌️👌🍫🇨🇦
Irene Huang ya we do!!!!
The RUclips Shows yeah!!!
because hes a ninja
As being a sikh we believe in donate 10% of our hard earned money to needy people... in sikhism everyone has to do the same charity
Who else is watching BrightSide on the East coast this evening?
👇🏼
West coast here !
I’m in Vermont so kinda
You got a “trap” comment, WATCH OUT they are scammers. They commented on my 4th last vid
Dave Donle yeah I got those comments on my vids
who love Bright side since his first video
Make it blue
He didn’t buy a fancy house, fancy cars, or a pool because you can’t do that with 8 million in California or New York.
Back then he could’ve
Could have gone to another city
I would invest it make more money and then spend a little on my body and buy an iphone and start doing some creative works. And i would start some small scale businesses too
Ronald kinda looks like the “I one again trying to ask for your financial assistance" meme
No. That one is charlatan.
boulderbash19700209 once*
@@coolestgaming5216 one. That one person is a charlatan.
The type of boomer that helped his kids and grandchildren get ahead in life. Respect
Of course i would like to donate as many as i could. Build multiple shelters also. You have my words
Oh I do?
MedianaDhea ay mate. so over here we are strangers that have no idea who you are. And we have this thing called “i don’t remember asking.”
@@AyeAye-gp7oh just my respond for 0:59 scene
0:59 - 01:04 to be exact
MedianaDhea oh alright.
Imagine being 92 years old and having 8 million but too tired and weak to actually enjoy enjoy it!
the rich enjoy making money
the poor enjoy spending money
Bright side: Ronald was a very private person
Me: his story is on 1 of the most popular RUclips channels
People would now have fresh water to drink from. Homeless be able to have a place to stay and I'd build a house in the woods and start building cool stuff 🙏💭
GREAT video I would give some to charity. Invest in precious metal. This man had a Rich mind, And a very smart man even at his age the later part of his life.!!!
I would like to learn about precious metal investing, any leads to links where I can please, thank you
Lesson:don't judge a book by it's cover
Sounds like the guy found true happiness
I love this story maybe I shall started to become like him and not worry what others might say about me
If I was a Millionare I would spend $10,000 for donation, $25,000 for food drinks and goods $45,000 for home and rent and clothes. I will save about $20,00.
This dude walked every day of the week to his school till he graduated? I should feel happy with my school only 5 days a week, and all of the breaks I get, IE spring, winter, and summer break. plus all of the holidays we get.
I only made this comment because there was only one comment when I saw this comment a lot of comments in my comment
I use to walk over a mile everyday to school. I'm in Nebraska weather 😩
Moral of the story: Never underestimate a janitor
He learned constantly, studied companies and invested in the stock market. and after many years he was worth millions.. Ta-da! I saved you 8 mins of your life.
Also, he had plenty of money but was very frugal and did not get to spend most of it.
He was extremely nice and humble.
I would pay off my debt and then i would buy and illusion of sercurity lol
This man just bought a meglodon shark card
UK_BIKELIFE1234 was looking for this
He was better individual than many billionaires and said philanthropist in this century.
if you save early and live reasonably, becoming a millionaire is not hard.