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Former reporter leaves $1 million to Indiana University School of Journalism

Discussion in 'Journalism topics only' started by Bob Cook, Jun 8, 2010.

  1. Bob Cook

    Bob Cook Active Member

    I know what you're all thinking: "How could a reporter come up with $1 million?"

  2. Ace

    Ace Well-Known Member

    Creative expense accounts or rich relatives are my guesses.
  3. HandsomeHarley

    HandsomeHarley Well-Known Member

    The key word being "former".

    No current reporter I know will ever have money to leave their kids, let alone a college.
  4. SoCalDude

    SoCalDude Active Member

    There WERE ways to parlay modest incomes into bigger bucks back then. I'm guessing that's what this guy did.
    My dad is living comfortably now 35 years after he retired as a manager of an auto parts store. He worked for that company for more than 40 years. He retired at age 59 and got a $25,000 lump sum pension. He was very conservative and made some small but wise investments that paid off handsomely.
    And the house he bought in 1962 for $28,000 is now worth at least $1.5 million.
    Sadly, those kinds of investments aren't available to us these days.
  5. RickStain

    RickStain Well-Known Member

    The bigger problem is that we lack the spending control necessary to save up to make those investments.
  6. Ace

    Ace Well-Known Member

    So did most people in 1962.
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