Being a thrifty person is one of the greatest skills. It takes a lot of hard work and courage in order to figure out the best ways to save. This carpenter was able to do that and then give the money he had saved to people who really needed it.
There’s being frugal and then there was Dale Shroeder. He only had two pairs of jeans, a pair for church and one for work.
And in pretty much every other aspect of his life, he was just as stringent. He only owned the bare minimum of what was really necessary.
But Shroeder wasn’t a poor man. Like a lot of other people, he learned a trade and was able to earn a good living off of it, Actually, he held the same job, as a carpenter for one company, for 67 years.
Thanks to his dedication to thrift, Shroeder was able to save up a small fortune in the bank. By the end of his life, he had personally managed to save $3 million. Yes, you read that correctly, 3 million dollars!
But eventually, he had to face the facts about all that money that he’d saved. He never got married and never had any children. So where was the money going to go?
He met with a lawyer, who explained that considering the fact that Shroeder had no living relatives, the money would most likely end up in the hands of the government after he had passed away.
Shroeder definitely had no intention of letting that happen.
He had worked hard for his whole life and earned every single penny of his $3 million.
He wasn’t an anti-government person, but he was aware of the fact that there were better beneficiaries of his savings than Uncle Sam. That’s when Shroeder opened up to his lawyer about why he had been so frugal all these years.
The old man has made the information public that as a young man, he had wanted to attend college and pursue a dream career. But he came from an unfortunate family, and he had no way to pay for the excessive tuition costs.
He thought that he would save every single penny, so his own kids would go to college worry-free. Unfortunately, that never ended up happening considering the fact that he had no kids of his own.
That’s the moment that Shroeder’s lawyer told the old man about a possible solution.
The lawyer told him that if the money were to go into a scholarship fund, then the government wouldn’t be able to touch it. Instead, the cash would be given to young people who wanted desperately to go to college but who couldn’t afford it.
Shroeder thought this idea was brilliant. He may not have his own children to send to college, but those in his community could get the chance he had never gotten.
Unfortunately, Shroeder passed away in 2005.
Not long after he passed away, his scholarship fund became active. To date, 33 students from his home town have attended college thanks to his generosity.
An example of a young person who has personally benefited from Shroeder’s funding is Kira Conrad. She grew up in a single-parent home and had three older sisters.
Her grades were high, and she wanted to be a therapist. But the super high price of tuition meant that this career was not attainable.
But someone who was in charge of Shroeder’s fund called Conrad up one day and explained that she would be going to college after all, thanks to the kindness of a man who had died not many years ago.
All that Schroeder’s fund asks from its scholars in return is that one day, when they grow up to be successful, they put some money aside to help other poor kids attend college.