I do not know about all of the stories to which you may be referring, but there was a real-deal story with a Kansas City backdrop that recently made the news.
It seems Anna Kurzweil grew up on a farm near Kansas City, went to college, graduated and became a teacher.
Then, along came World War II.
Like many able-bodied young women, Kurzweil joined the war effort and went to work in an aircraft engine factory.
The war ended.
Kurzweil felt called by her faith to join a religious order, but just before taking her final vows her mother fell ill and Kurzweil left to care for her.
After her mother passed, Kurzweil did not return to the religious order, but did return to teaching.
She earned less than $25,000 year.
When she retired, Kurzweil lived on her modest teacher's, never having married or had children.
When Kurzweil died, she left $2 million to the Jesuits.
Her story was picked up in an article by the Religious News Service titled “Kansas City teacher astonishes with $2 million gift to Jesuits.”
So, what was the secret to the Kurzweil wealth accumulation?
Elementary, my dear reader.
Kurzweil lived below her means, invested wisely and let her net worth grow from there.
As Benjamin Franklin famously penned, "a penny saved is a penny earned."
The fact that she never married or had children also contributed to this amazing accumulation.
The teaching point of the Anna Kurzweil story is this: one need have a big income to leave a big outcome.
Remember: “An ounce of prevention is worth a pound of cure.” When making your financial, tax and estate plans, do not go it alone. Be sure to engage competent professional counsel.
For more information about estate planning in Overland Park, KS (and throughout the rest of Kansas and Missouri), visit our estate planning website and be sure to subscribe to our complimentary estate planning e-newsletter while you are there.
Reference: Religious News Service (February 9, 2016) “Kansas City teacher astonishes with $2 million gift to Jesuits.”