Personal Finance Daily: ‘Frugal’ carpenter secretly saves $3M to send 33 kids to college

An Iowa man who owned only two pairs of jeans and saved every penny he made had one dying wish: to send small-town Iowa kids to college.

“He was that kind of a blue-collar, lunch pail kind of a guy,” Steve Nielsen, a friend, tells KCCI. “[He] went to work every day, worked really hard, was frugal like a lot of Iowans.”

Dale Schroeder grew up poor. He didn’t marry, have children or go to college, and worked as a carpenter at the same business for 67 years without complaint. He didn’t have much — except a secret savings account with nearly $3 million.

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