£770 stock investment turns into £1.5m fortune

More than 70 years ago Russ Gremel of Chicago purchased about $1,000 (£770) in Walgreen stock.

He never cashed it in and over the decades it grew to a whopping $2 million (£1.5m) in value.

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Recently, at the age of 98, he donated those shares to the Illinois Audubon Society.

The money was used in the establishment of a wildlife refuge in Dixon, Illinois.

It covers roughly 400 acres and is home to about 170 bird species and a number of turtles.

The man has said that he gave the money away to do some good and noted that he 'just doesn't need it'.

Notably he's not actually a multi-millionaire or even close to such levels of financial comfort.

According to the Chicago Tribune he just enjoys the pleasures of a simple life and says his has been a 'hell of a good one'.

Tax tricks to improve your wealth
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Tax tricks to improve your wealth

If you wear a uniform of any kind to work and have to wash, repair or replace it yourself, you may be able to reclaim tax paid over the last four years. For some people, this could mean a windfall worth hundreds of pounds

The interest you receive on savings accounts (with the exception of cash Isas) is automatically taxed at a rate of 20%.

Higher-rate taxpayers therefore tend to owe money on the interest they are paid throughout the year. If, however, you are on a low income or not earning at all, you should be able to claim all or some of the tax deducted back

You can apply for a refund of vehicle tax if you are the current registered keeper or were the last registered keeper of your vehicle that no longer needs a tax disc

If you pay tax on a company, personal or State Pension through PAYE (the system employers use to deduct tax from your wages), you may well end up overpaying

There is a limit to the amount you need to pay in NI, whether or not you work for an employer.

Instances in which you may find that you have overpaid include if you work two or more jobs and earn more than £817 a week and if you move from self-employment to employment, but continue to pay Class 2 National Insurance contributions


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