Have you heard the story of Grace Groner?
She attended Lake Forest College, in Illinois, and after graduating in 1931 took a job at Abbott Laboratories, where she worked as a secretary for four decades.
In 1935 she bought three shares of Abbott stock for $60 each. Over the years the shares split many times, and she always reinvested any dividends.
Groner lived simply: buying clothes from garage sales, walking rather than owning a car, and living...