The Millionaire Next Door

The Millionaire in The Mobile Home

Here’s a millionaire next door story from an admiring grandson: 

This is about my grandmother. . . a millionaire next door type all my life [35 years]. . . I had no clue.  My grandmother never graduated from high school.  Married at sixteen.  She moved from New Mexico with my grandfather to a farm in Nebraska. . . really didn’t make any money farming.  When I was 5 years old my grandfather died.  My grandmother who had been a homemaker since sixteen years of age was now responsible for a barely break even farm. 

Here’s where the grandmother demonstrated considerable courage and foresight. In order to keep the farm she moved her family to town into a rented mobile home and leased the farm out from that point on. 

She got her GED and then worked mainly entry level jobs . . . drove an old Ford Taurus forever, never turned the heat up past 65 degrees in the winter.  If you would meet her you’d have thought, here’s a sweet old lady living on minimum wage with only Social Security for retirement.  . . . a few years ago my dad and I were talking.  He looked at me and said, “you know your grandmother is a millionaire.”  She’s the model we are following to become financially independent.  She’s making a six figure passive income now. . .  but doesn’t look like she’s making the income she is.

In the spirit of the millionaire next door, it is better to live in a trailer and own a million dollar farm than to live in a million dollar home in which you only own a trailer’s worth of equity.

6 thoughts on “The Millionaire in The Mobile Home”

  1. Great story Dr. Stanley. And people complain that they can’t get ahead and want to blame someone for their financial issues. This Grandma lived a minimum wage lifestyle and became a millionaire with a six figure passive income. What’s more impressive than the millionaire net worth is the six figure passive income. With her life style she probably had 7 figures in cash in the bank plus the free and clear farm / cash cow.
    I love these stories…..keep them coming Dr. Stanley.

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