The story we are about to tell you is proof that it really pays to invest.
Money suffers from inflation, what your money is worth today – will never ever be the same ten years or more from now. Russ Gremel knew very well what he was doing when he decided to invest in stocks.
70 years ago Russ Gremel decided to purchase approximately $1,000 worth of stock in Walgreens. Recently, as Gremel hits his late 90s, the stock was worth hundred times it price, now it is worth a whopping $2 million!
The now almost centenarian man from Chicago donated the stock to the Illinois Audubon Society, which used the money to establish 400 acres of wildlife refuge around Dixon in Illinois.
In line with his generous donation, the Wildlife Sanctuary was named ‘Gremel Wildlife Sanctuary’ in honor of his deed.
Illinois Audubon Society executive director Jim Herkert said:
“It’s incredibly generous. It’s allowing us to protect a really valuable and important piece of property and fulfill one of Russ’ wishes that we could find a place where people could come out and experience and enjoy nature the way he did as a kid.”
Gremel never had a chance to marry or have kids. He said he wanted to see the money to be put to good use before he died. Well, this is money well-spent!
“You have to do some good in this world, that’s what money is for.”
Hats off to you sir!
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