Sunday, June 13, 2010

Sunday Good News Story: Verna For the Win

Verna Oller - Unlikely Philanthropist

From ABC News:
There are two things about 98-year-old Verna Oller that just about anyone around her neigborhood in Long Beach, Washington can tell you. She was feisty, and she was frugal. She was so frugal that she never went to a hairdresser. After all, she could cut her own hair for free. She refused to buy new shoelaces and improvised by looping the zipper from an old coat through her boots. When her longtime friends, Guy and Carolyn Glenn, bought her a new coat on sale, she sent it right back. She found a cheaper one for just $2.
What folks did not know is that Miss Verna was an investment genius behind closed doors. With her hourly wage from filleting fish, she managed to amass a small fortune nearing $4.5 million (yes million) by the time she died. She directed that all the money be spent on her hometown and specifically on a community pool, grants and scholarships.

By the way, before the recession… Ms. Verna was worth $5MM but the stock market cut into her savings. Go head, Ms. Verna.


Grace said...

I love this. That's old school. My great aunt was like this. We thought she was penniless. She passed away and wefound over two million in smallbills stashed around her house.She didn't trust banks. I mean mattresses, walls, floors, the outside freezer, all cash. And Ida could squeeze a penny until it screamed.

sunt97 said...

That is wonderful. O try to be frugal but I just can't help myself. There is nothing like the nice shoe smell.

Peace, Love and Chocolate

Karen Caffee said...

My great-aunt Dora kept money in the house, too (not that much)! She told my mother that I knew where she kept her money (no so); mom asked me to convince her to put it in the bank (I did) but she *only* put $10k in the bank in one day. When she died later that year, one of my relatives went to raid her house - before the funeral - to look for her money, which wasn't there no mo'! Rest in peace, Aunt Dora, Miss Ida and Miss Verna :)


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