"The Secret Strategies that Made Anne Scheiber a Multi-Millionaire"

1 min read
Source: Yahoo Finance
TL;DR

Anne Scheiber, a former IRS auditor, turned a $5,000 nest egg into a $22 million fortune through three simple strategies. She lived frugally, saving 80% of her salary and spending very little on food. Scheiber invested in what she knew, holding long-term positions in companies like PepsiCo and Chrysler. She also employed tax-efficient strategies, such as avoiding capital gains taxes by holding onto her stocks and transferring dividends into tax-exempt bonds. Scheiber's estate was ultimately donated to education, benefiting financially and academically deserving Jewish women.

Share this article

Want the full story? Read the original reporting

Read on Yahoo Finance