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Worried about CoronaVirus Pay Cut and Job Loss

Worried about CoronaVirus Pay Cut & Job Loss?—Oseola McCarty Proves You Can Still Get Rich!

by Holistic Leave a Comment | Filed Under: Investment Planning

“More [money] than I could ever use” —answered, Oseola McCarty

Who is this Oseola McCarty?

What does she have to do with investments?

Probably an American investor nobody knew of?

No! She was not a multi-millionaire either. She was not even a businesswoman.

As strange as it may sound, she was none of it. She never had the “job security” as we know today.

Yet, Harvard University honoured her with a Doctorate.

The then President of the USA, Bill Clinton awarded her the Presidential Citizens Medal—the second-highest civilian award in the USA.

You might be wondering why. Or why are we even talking about her today?

Here’s why.

The coronavirus outbreak triggered a chain reaction and nobody is left unaffected.

The outbreak led to the health crisis. It led to isolation. It led to the stock market crash. Now we’re facing possible layoffs, big pay cuts.

For a majority of the investors, the financial future that seemed very possible is now starting to fade away.

And there’s a question in the back of their head.

“How can I invest for my future if I don’t make enough money?”

You probably are facing a serious income crunch already. Your job could be at risk, too.

You might have the same question in your mind, waiting to be answered.

It wouldn’t be a surprise if you are at home thinking,

“I can’t save money because I don’t make enough!”

“My savings is practically nothing, what difference is it going to make?”

Should these thoughts be fed with pessimism?

No. I believe these should be attended and taken care of rationally. And I hope you believe the same.

“Your struggle is not an excuse, it’s your ammunition” —Chris Gardner

Meet Miss. Oseola McCarty, the… washerwoman.

Yes, you read that right.

She was born in 1908 to a single mother. Her Mother, Aunt and her Grandmother were the only family she knew. All of whom were washerwomen.

Young Oseola’s mother always told her,

“Save money, Oseola!”

These words were etched into her mind.

She would go to school in the morning and help her aunt with ironing clothes.

Coin after coin, her savings grew. An amount of money a child could save. After a good number of days, her savings doll was filled to the brim with coins.

On a fine day, the little girl walked into the First Mississippi National Bank.

Imagine an African American girl child walking into a bank to open a savings account alone in the early 1900s. It was a small step but a progress.

Her mother’s words made her do it. The faith she had in that teaching made her do it.

“Save money, Oseola!”

Life started to look bright for little Oseola. But it didn’t last long.

On a fateful day, she was forced to quit school while in her sixth grade when her aunt was left immobile because of an illness.

Young Oseola, to support the no-man family, quit school. She picked her aunt’s washboard to financially support the family.

She washed dried and ironed clothes all day—up until 11 at night, every day. Whenever she had the chance, she would walk to the bank to deposit her savings—always as a small pile of coins.

Days became weeks. Weeks became months. Months became years. She washed, saved, deposited through all of it—like clockwork.

She did it through her tragedies as a kid. She continued to do it through some of the worst economic crises in American history.

First, it was the Spanish flu pandemic that ravaged the USA. People lost lives, people lost jobs. Oseola McCarty endured.

She endured World War 1 in which the USA was a part.

She endured the Great Depression of America.

She endured World War 2, in which the USA took a big hit.

She lived through the USA’s space race against Soviet Russia where the two-nation poured money into making rockets than people welfare.
Oseola_McCarty She lived through the cold war that lasted more than 3 decades. As the USA piled up nuclear missiles, she piled up coins to save.

And who was Oseola McCarty then? No one!

“Then again what seems like nothing in the eyes of the world, when properly valued and put to use, can be among the great riches” —Chris Gardner

Oseola McCarty was not an advocate, not a doctor, not an investor.

All she knew was wash, save, deposit. She did just that over and over for decades.

Do you know what happened after decades?

By the time she retired in the year 1995, she had a whopping $280,000 in her bank account.

She was not a millionaire. But to a washerwoman, even to a white-collar professional that is a very big sum to have in their retirement account.

She said,

“I commenced to save money. I never would take any of it out. I just put it in…”

“It’s not the ones that make the big money, but the ones who know how to save who get ahead.”

“You got to leave it alone long enough for it to increase.”

Investment wisdom right there!

It comes from a woman who never went to college. She did not even finish her sixth grade.

Not only that, when Oseola McCarty’s aunt died she inherited some money. She didn’t use it to get her first car or a better house.

Guess what she did? Yes, she deposited it in her bank account.

No business schools taught her this. But a very fundamental lesson that her mother taught her.

“Save money, Oseola!”

Oseola McCarty was a washerwoman who made the impossible possible.

Whenever we speak of making money, getting rich we look up to the legends.

We look up to people like Warren Buffet, John Templeton, even Bill Gates. They are inspiring and insightful.

Very often, their knowledge and their success are so big that we feel like it’s a too distant dream to reach.

But then there is a little girl who made getting rich look very simple with her flawless consistency.

Oseola McCarty washed dirty clothes to save more money she could ever spend.

She made so much that she kept enough for her and used $150,000 of her savings to set up a scholarship fund for the underprivileged students.

“The more we value things outside our control, the less control we have” —Epictetus

Imagine, if anyone walks up to a little girl washing dirty clothes and getting wage in coins and tell her she should earn more than she could ever spend, people would laugh.

People would say “But that’s Impossible!”

Was it impossible for Oseola McCarty?

Miss McCarty earned what she could—she saved what she could, regardless of the magnitude.

In a nutshell, Oseola McCarty learned one right thing and practiced it all her life. She never faltered for what was beyond her, but was mindful about what she can do.

“The Future depends on what we do in the Present” —Mahatma Gandhi

Today it’s you!

There have been hundreds and thousands of people who have faced adversity like this. A few of them made it through, many of them did not.

Today, it’s your turn.

You’re in the position to make a choice—just as Miss Oseola McCarty did in her life.

Are you worried about reduced pay?

Does it feel like your job is hanging by a strand?

Does it make you worry about your financial future?

Ask yourself why?

If a young girl in the middle of adversity with no real educational or job opportunities can do it, why can’t you?

You can make it, too—probably even better.

You can think long-term. No one can stop you from having a vision. Above all, you have access to unlimited financial information and tools to make t through any financial crisis.

Oseola and others alike have had it worse. They have seen worse adversity than you and I will probably ever see. Yet, they climbed out of them all.

They won because they were stubborn. They were stubborn to give in to the tough times. They were stubborn in following their plan. They were stubborn in being consistent, regardless of whatever they went through.

“If you can’t fly then run, if you can’t run then walk, if you can’t walk then crawl, but whatever you do you have to keep moving forward.” —Martin Luther King Jr.

Miss Oseola was stubborn in not letting her worries take control of her.

“My secret was contentment. I was happy with what I had” —revealed Oseola McCarty

Indeed, the times are dark and gloomy. It is probably tougher than ever in your lifetime. But the life of Oseola McCarty has given us some serious personal finance wisdom,

  • Your essentials needs for a quality life are very less and cheap to afford—the coronavirus crisis has proved it.
  • Lifestyle expenses will make no difference for a content mind, but a huge difference in your savings.
  • The intent to save is always much valuable than how much you save.
  • You will face a series of crises in your lifetime, with resilience you can win them all.
  • Like Oseola, make friends with time and invest enough time in your investments.
  • On any day, choose consistency over intensity.

A better financial future is not going anywhere. It’s like your shadow; you just can’t see it when it is dark. You only have to keep moving towards the light.

Believe in the process, not the turbulences.

You cannot save in lakhs? Do it in thousands.

You cannot save in thousands? Do it in hundreds.

Keep your faith in your financial plan as you have so far. Follow it religiously and keep moving forward.

Here’s a naked truth about success (or failure) by Jordan Belfort,

“The only thing that is standing between you and your goal is the story you keep telling yourself as to why you can’t achieve it”

If you have any comments or questions, write them in the comment box below.

Or are you interested in creating a Comprehensive Financial Plan for your financial goals?

Skip the queue by registering for your 30 Minute FREE Financial Plan Consultation. Click the ‘‘BOOK YOUR SLOT NOW!’’ button below. 

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Jey S
Jey S
24. September, 2021.
I have been using Holistic Investment Planners for the last three years. Mr. Srinivasavaradhan answered all my questions and doubts very patiently during the first free consultation. I was able to clearly define my short-, medium- and long-term goals once I signed up for the comprehensive plan and got their investment plan suggestion to achieve my goals. They are very polite and highly professional whenever I contact them for any queries or make investments. They never pressurize you to invest on their recommended financial products. I would have been lost money by investing directly without their help since I do not have time and knowledge about different financial products. Risk planning is also done as part of financial planning. Truly, they are holistic planners when it comes to your financial planning. They help you to define your life goals, understand your financial resources and establish a plan to invest towards reaching those goals. They do review your plan as you progress to make sure that you are on correct path to achieve those goals. Kudos to the team and keep up the good work!!! I am happy that I found holistic investment planners for my financial planning and management.
aksaswadkar
aksaswadkar
24. September, 2021.
I was about to retire and really not understanding how to invest money to have financial freedom and fulfilling my goals. Was desperately searching on internet way out and fortunately came across Holistic Investment Planners. I read number of articles on their website and realized that this is the agency which I want and engaged their services for my retirement planning. It is an excellent experience to be associated with Holistic. Right from day one our interaction was fantastic and they gave me such a wonderful plan that I had never imagined. I am fortunate enough to be in the client list of Holistic. I have recommended Holistic to my friends as well.
Lionel Faber
Lionel Faber
16. September, 2021.
I've been availing their services for the past year. They are highly knowledgeable in the field and are very patient with all doubts and queries. Personalized financial planning is provided keeping your short term, medium term and long term goals in mind. They do not pressurize you to purchase schemes of their choice. They provide their input and suggestions and leave the decision up to you which shows their honesty and high principle.
Sridhar
Sridhar
8. September, 2021.
Financial planning brings peace in life. Holistic Investment have supported in arriving financial plan based on future goals. My investments are regular since then. They are professionals in their business, will recommend others.
Nitesh Agrawal
Nitesh Agrawal
6. September, 2021.
I have been using Holistic Investment Planners from last one year. The journey has been fantastic. Being a finance person myself I always thought we can look after and plan own finances also. However, due to lack of time and deciplain the things are not always as desired. After joining with Holistic Investment for the first time Icame to know the Financial goals and quantified them. Some dreams were unrealistic based on the earnings and savings so had a reality check. Also got the information and deciplain of investing on regular and more rewarding securities. I definetly suggest to use Holistic Investment Planners. They are professionals, available and hear youor full story before presenting plans. They are flexile in the sense if there are some urgent deviations required, they help to plan the same. For all professionals/individuals I would suggest using professional help of Holistic Investment Planners for best results in long term investment and financial goals achivements. Last advise will be to start early in your life. It really pays well to start in the beginning itself else the dreams needs to adjust :)
Swetha Vasanth
Swetha Vasanth
6. September, 2021.
This is my first year service with the Holistic Team and I would say that they are very much helpful in creating a financial plan and follow ups during the year. I would definitely suggest them if anyone who is willing to proceed with their savings professionally.
Joseph Mathias
Joseph Mathias
6. September, 2021.
I came to know about Holistic Investment Planners online while searching for different investment ideas. Once I contacted them the journey was very smooth. Mr. Ramalingam explained all the aspects of Financial planning in detail and it opened my mind. I realized how important it is to have a Financial planning. Mr. Rajan suggested all the requirements as per my goals and made a Investment plan keeping in mind of my goals. I started my Investment journey with them. I wish I had done it some years back then it would have been in a different level. Review meetings were held every six month to check the implementation of the plan and check the results as per the requirements and to check if any changes required. Overall it was a good experience with Holistic Investment team and would like to continue in the years to come.
Srinvas Kannan
Srinvas Kannan
30. July, 2021.
I came across Holistic investment planners almost 5-6 years back, but I did not have the trust since I had met a few of them who did not sound promising. Then I started investing through a financial advisor of my friend. After 4 years of investing the returns were very low. I was disappointed and started looking for financial advisors when I came across Holistic investment. I had a detailed discussion about my goals and the way they would approach achieving my goal before deciding to switch my investments to them. After a thorough analysis of my then existing portfolios, they suggested new ones and we zeroed-in on 6 schemes/funds where our investment would be split. I am glad I made the decision of switching over and taking Holistic planner's advise, my returns are handsome and I only wish I could have taken their help/advise 5 years back itself. Neverthless, I would like to recommend their services for investment and financial advise if someone is serious about their investments.
Shivaram Andiappan Selvaraj
Shivaram Andiappan Selvaraj
3. July, 2021.
I got a free first time consultation. I got my doubts resolved. They also gave additional advises for investment planning which was also useful.
Nellai B
Nellai B
26. June, 2021.
I have been associated with them for the past three years. They are very professional and polite in answering all our questions. I have complete trust in their suggestions. I strongly recommend for anyone. I am looking forward to have strong and successful association with them.
Google rating score: 4.4 of 5,
based on 61 reviews

Google Reviews

Jey S
Jey S
24. September, 2021.
I have been using Holistic Investment Planners for the last three years. Mr. Srinivasavaradhan answered all my questions and doubts very patiently during the first free consultation. I was able to clearly define my short-, medium- and long-term goals once I signed up for the comprehensive plan and got their investment plan suggestion to achieve my goals. They are very polite and highly professional whenever I contact them for any queries or make investments. They never pressurize you to invest on their recommended financial products. I would have been lost money by investing directly without their help since I do not have time and knowledge about different financial products. Risk planning is also done as part of financial planning. Truly, they are holistic planners when it comes to your financial planning. They help you to define your life goals, understand your financial resources and establish a plan to invest towards reaching those goals. They do review your plan as you progress to make sure that you are on correct path to achieve those goals. Kudos to the team and keep up the good work!!! I am happy that I found holistic investment planners for my financial planning and management.
aksaswadkar
aksaswadkar
24. September, 2021.
I was about to retire and really not understanding how to invest money to have financial freedom and fulfilling my goals. Was desperately searching on internet way out and fortunately came across Holistic Investment Planners. I read number of articles on their website and realized that this is the agency which I want and engaged their services for my retirement planning. It is an excellent experience to be associated with Holistic. Right from day one our interaction was fantastic and they gave me such a wonderful plan that I had never imagined. I am fortunate enough to be in the client list of Holistic. I have recommended Holistic to my friends as well.
Lionel Faber
Lionel Faber
16. September, 2021.
I've been availing their services for the past year. They are highly knowledgeable in the field and are very patient with all doubts and queries. Personalized financial planning is provided keeping your short term, medium term and long term goals in mind. They do not pressurize you to purchase schemes of their choice. They provide their input and suggestions and leave the decision up to you which shows their honesty and high principle.
Sridhar
Sridhar
8. September, 2021.
Financial planning brings peace in life. Holistic Investment have supported in arriving financial plan based on future goals. My investments are regular since then. They are professionals in their business, will recommend others.
Nitesh Agrawal
Nitesh Agrawal
6. September, 2021.
I have been using Holistic Investment Planners from last one year. The journey has been fantastic. Being a finance person myself I always thought we can look after and plan own finances also. However, due to lack of time and deciplain the things are not always as desired. After joining with Holistic Investment for the first time Icame to know the Financial goals and quantified them. Some dreams were unrealistic based on the earnings and savings so had a reality check. Also got the information and deciplain of investing on regular and more rewarding securities. I definetly suggest to use Holistic Investment Planners. They are professionals, available and hear youor full story before presenting plans. They are flexile in the sense if there are some urgent deviations required, they help to plan the same. For all professionals/individuals I would suggest using professional help of Holistic Investment Planners for best results in long term investment and financial goals achivements. Last advise will be to start early in your life. It really pays well to start in the beginning itself else the dreams needs to adjust :)
Swetha Vasanth
Swetha Vasanth
6. September, 2021.
This is my first year service with the Holistic Team and I would say that they are very much helpful in creating a financial plan and follow ups during the year. I would definitely suggest them if anyone who is willing to proceed with their savings professionally.
Joseph Mathias
Joseph Mathias
6. September, 2021.
I came to know about Holistic Investment Planners online while searching for different investment ideas. Once I contacted them the journey was very smooth. Mr. Ramalingam explained all the aspects of Financial planning in detail and it opened my mind. I realized how important it is to have a Financial planning. Mr. Rajan suggested all the requirements as per my goals and made a Investment plan keeping in mind of my goals. I started my Investment journey with them. I wish I had done it some years back then it would have been in a different level. Review meetings were held every six month to check the implementation of the plan and check the results as per the requirements and to check if any changes required. Overall it was a good experience with Holistic Investment team and would like to continue in the years to come.
Srinvas Kannan
Srinvas Kannan
30. July, 2021.
I came across Holistic investment planners almost 5-6 years back, but I did not have the trust since I had met a few of them who did not sound promising. Then I started investing through a financial advisor of my friend. After 4 years of investing the returns were very low. I was disappointed and started looking for financial advisors when I came across Holistic investment. I had a detailed discussion about my goals and the way they would approach achieving my goal before deciding to switch my investments to them. After a thorough analysis of my then existing portfolios, they suggested new ones and we zeroed-in on 6 schemes/funds where our investment would be split. I am glad I made the decision of switching over and taking Holistic planner's advise, my returns are handsome and I only wish I could have taken their help/advise 5 years back itself. Neverthless, I would like to recommend their services for investment and financial advise if someone is serious about their investments.
Shivaram Andiappan Selvaraj
Shivaram Andiappan Selvaraj
3. July, 2021.
I got a free first time consultation. I got my doubts resolved. They also gave additional advises for investment planning which was also useful.
Nellai B
Nellai B
26. June, 2021.
I have been associated with them for the past three years. They are very professional and polite in answering all our questions. I have complete trust in their suggestions. I strongly recommend for anyone. I am looking forward to have strong and successful association with them.
Google rating score: 4.4 of 5,
based on 61 reviews

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