This Baltimore parking lot attendant built a $500,000 stock portfolio. Here’s his strategy and how to apply it

Core Insights - The article highlights the remarkable investment journey of Earl Crawley, who built a $500,000 investment portfolio despite earning a modest income as a parking lot attendant [1][2]. Investment Strategy - Crawley's investment philosophy centers on dividend-paying stocks, where he reinvested dividends instead of spending them, allowing for compounded growth over time [2][7]. - He emphasized the importance of starting small and maintaining discipline in budgeting, which enabled him to make consistent investments despite limited income [5][6]. Personal Background - Crawley faced challenges such as dyslexia, which he overcame by developing strong listening skills, allowing him to gather valuable insights from financial professionals [4][6]. - His approach included saving from various odd jobs, demonstrating a commitment to financial discipline and growth [5][6]. Compounding Effect - The article explains how reinvesting dividends can create a compounding effect, significantly amplifying portfolio growth over time [7].