From Riches to Rags – Terrible Stories Where the Rich Lost Everything They Owned

A frugal retirement

My uncle lost his job as a top manager in a British company while he was in his 40s. He was unable to find any other job since then. But he was able to save up a fortune and he assumed the money would last for life since he never got married or had kids.

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Unfortunately, there were some medical emergencies, bad investments, and depression had depleted his fortune in less than 20 years. He is now living an extremely frugal life as a retiree.