Your Survival Guy understands that delayed gratification can allow you to spend your money somewhat foolishly later on in life. But some savers get so focused on putting money away and not spending that they have the ability to pay it forward to their families or their communities long after they’ve gone.
The current roster of Your Survival Guy’s “Save ‘Til It Hurts Hall of Fame” includes:
Now I’m inducting a fourth HoFer to the group, Iowa’s Dale Schroeder.
Dale Schroeder worked hard his whole life as a carpenter at Moehl Millwork in Des Moines, Iowa. As Dale got older, he realized he had some money he’d like to share with charity, nearly $3 million worth. After Dale’s passing in 2005, his family, friends, and lawyer established a 501(c)(3) and used his funds to send dozens of students to colleges in Iowa. The program ran from 2007 to 2015 and funded the education of 33 students. Now, “Dale’s Kids” are doctors, teachers, and more.
Action Line: Dale Schroeder didn’t spend his money recklessly and saved ’til it hurt. Then, he paid it forward to give others the opportunity to thrive. Click here to subscribe to my free monthly Survive & Thrive letter.