We’ve previously written about a few famous singers who have succumbed to illness or have died in the past few years or so. This next singer is no exception. Although not as famous as her peers in the music industry, Amy Winehouse proved herself to be an exceptional songstress with a beautiful voice. She passed away at the age of 27 in 2011 from an overdose.
Robert Read, a former (deceased) janitor from Brattleboro, Vermont, had a keen eye for picking out stocks. Known outwardly as a frugal and unassuming penny pincher, the local residents of Battleboro were shocked when news of his $8 million dollar fortune came to light. Indeed, his most expensive purchase was $5,000 for a Toyota, and he often wore the same worn-out clothing. You normally wouldn’t think of a janitor as having a fortune in the bank.
Teaching is not normally thought of as a lucrative position; in fact, it’s considered to a be a profession that people go into because they are “passionate” about teaching. It comes as a shock, then, when some professors and teachers leave behind a fortune – and a great legacy – to their students, their communities and themselves.
There have been several cases of teachers who have become wealthy through various means, such as successful investments, inventions, or writing books. Here are a few examples:
Add to that list a man by the name Ted Danner. A late UBC professor. how much did he leave behind to the school and why did he do it? Read on below to find out what he bequeathed to UBC in his Last Will and Testament.
These examples demonstrate that teachers can become wealthy through a variety of means, and that education and knowledge can be valuable assets in many different fields.
Canadians are financially struggling; there is no doubt about it. Obviously managing your finances in a time after the 2008 recession, the global pandemic and an economic downturn is more difficult than they were in the previous decades. But Canadians may not be as financially savvy as they think they are.
One study showed that Canadians would rather talk to their children about sex than money. That is not surprising, given the fact that a) parents don’t want their children to worry about the state of households they live in and b) parents like to feel as though they are the protectors of their children. The study, conducted by the Bank of Montreal, showed that 56% of Canadians felt they would benefit from a financial literacy course. Many Canadians may not know where to go and feel squeeze in-between paying off their bills, mortgage/rent, investments, and other things. There is little left at the end of the month.
If you’re looking to plan your estate, you had better ensure that your finances are in order. How well do you arrange your daily finances? How often do you indulge? Do you consider yourself financially literate? Checkout this interesting article on financial literacy: Financially savvy, are you?
