17 Wild Ways People’s Classmates Ended Up Getting Rich

3.

“He became rich through trades. He took his student loan and bought a piece of very inexpensive land just outside of his city limits. Just by an absolute fluke, the city announced shortly after that it planned to expand city limits to include his vacant land…and suddenly, it skyrocketed in value.”

“This was at a time before any real internet and before everyone had a cellphone, so there were all these property developers trying to figure out who owned this land so they could buy it. Eventually, his mom opened his mail and found a past due property tax notice and an offer for about 20 times what he paid for it.

He took the first offer he got (and regretted it) and went to a bank and directed them to invest entirely in dividend stocks, and for the dividends to be deposited directly into his bank account. He used that money to stay a student for life and basically never worked a day in his life. There was one point where it got close to him needing to get a job…but then one of the companies announced they were increasing their dividend.

I have rich friends, and then there’s him…just living off of his wealth. He doesn’t have a great life, but he also doesn’t work.”

—garlicroastedpotato