The $8 Million Janitor

Ronald Read, a gas station attendant and janitor from the state of Vermont, passed away this past February at the age of 92. This would not be extraordinary except for the fact that he left behind an $8 million fortune, and leaving a good portion of it to a local library and a local hospital. According to sources that were close to him, he amassed this wealth through investing in companies he knew (GE, AT&T, Bank of America, etc.) and that paid dividends. Financial expert Chris Hogan stated that in order to acquire the gain that Read did over his lifetime it would require investing $300 per month for 65 years at an 8% interest rate. Hogan stressed that if one lives within their means and finds a financial advisor that is a teacher more than a salesperson this is a legitimate possibility for others. Some are more skeptical about the potential of doing this in today’s economic environment. Diane Garnick, CEO of Clear Alternatives, states that she believes it is fantastic that something of this nature happened over the past 40 years, but it is a great deal less likely for something of this nature to happen again over the next 40 years.

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Virginia MacKoul

Virginia is a graduate from the University of Florida's College of Design Construction and Planning with a degree in Sustainability and the Built Environment, and a minor in Urban Regional Planning. Virginia joined the Front Street team in 2011, as an intern. Upon graduation, Virginia joined the Front Street team full-time as the Director of Client Services. Ms. MacKoul’s addition furthers Front Street’s continued growth and expansion within Gainesville and other North Central Florida markets. She was promoted to Director of Marketing in 2014 and now manages the firm’s team of interns and oversees all marketing and branding activity. Virginia was born in Boston and moved to Lee County, Florida in 1997. Virginia graduated her high school's International Baccalaureate program and started at the University of Florida with a focus on Architecture. Virginia shares Front Street's passion of giving back to the community and those in need. Virginia's hobbies include photography, cooking, football, movies, music, and spending time with her dog, Brinkley.

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