A Humble Man Without a Car or Furniture Shocks His Hometown by Leaving an Inheritance of Millions of Dollars

Residents of tiny Hinsdale, New Hampshire, were in for a surprise when they learned that one of their residents had bequeathed almost $4 million to the city in his will. Perhaps the only thing more surprising than the legacy was the man who left it.

Philanthropist Geoffrey Holt was known to his neighbors as a modest man who ran a mobile home park. He was famous for his Spartan lifestyle. Although he amassed a small fortune throughout his life, Holt’s neighbors remember him wearing second-hand clothes and shopping at the local grocery store.

It was said that the caravan in which Holt lived in the caravan park he operated was sparsely furnished and that he did not have a television or computer. Although he worked for a time as a driver’s education instructor, Holt did not own a car. He preferred to go to the market with his bicycle or lawn mower, which he often parked on the side of the road while reading the local newspaper.

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Surprise of a Lifetime for Hinsdale Residents

Holt died with a reputation as a modest, simple man who wanted little from life. Hinsdale residents got the shock of their lives when they learned he died with a multimillion-dollar fortune. They were even more surprised when they discovered that Holt’s $3.8 million fortune had been left to the town with instructions to improve four vital areas:

• Education
• Health
• Culture
• recreation

The city has just over 4,000 residents, which means they will all be positively impacted by Holt’s generosity. Until now, the town’s claim to fame was that it had the country’s oldest continuously operating post office.

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Where Will the Money Be Spended?

The question of where and how Holt’s inheritance will be spent is at the forefront of many Hinsdale residents’ minds. Proposed ideas include civic improvement projects such as improving the clock at city hall or restoring some of the older buildings in Hinsdale. Interested parties will be able to apply for grants through a trust fund administered by the New Hampshire Charitable Foundation.

One of the most intriguing proposals is to purchase a new vote-counting machine and name it in Holt’s honor. He was also known throughout his hometown as someone who always exercised his right to vote and never missed an election.

How Did Holt Make His Money?

In addition to being a modest man who lived a simple lifestyle, Holt was dyslexic. While this made it difficult for Holt to spell or write, it didn’t hurt his instincts as an investor. Holt is believed to have been one of the early investors in an investment fund specializing in communications.

This investment was made before the emergence of mobile phones and mobile technologies. Considering the impact both technologies have had on 21st century life, it’s not hard to see where this is successful. He maintained his modest lifestyle even as Holt’s portfolio became more valuable than he expected.

Holt’s greatest extravagance was his passion for collecting model cars and train sets, rather than flaunting his wealth with flashy cars or large homes. If you plan carefully and live within your means, it’s possible to start small and build a big fortune.

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