Rich Colorado, 87, achieved financial security without investing in stocks or comprehensive retirement planning. Moving to the U.S. from El Salvador in 1946, he built a career spanning decades, initially in bowling and later as a scale technician. Relying on CDs for savings yielded significant growth, amounting to over $1.3 million. Despite a lack of formal education and unorthodox career changes, Colorado exemplifies frugality and proactive learning, continuously engaging in activities like bowling and teaching chess post-retirement, demonstrating fulfillment and independence in his later years.
I never invested in stocks. I've been putting my money in CDs, probably at 4-5%. It just keeps growing without even trying. It's just amazing that I have so much because I didn't plan for it.
I had walked into the office and said that I wanted to take a job. They called me and said to come on down to work for two weeks. And they kept me.
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