Making His Home in a Ford Fairmont
Ironically, one of the most famous moneymen, Jim Cramer, was homeless at one point in his life. Cramer is the host of CNBC’s Mad Money with Jim Cramer and he once worked as a Wall Street investor. His story is certainly inspirational and a bit frightening.
After graduating from Harvard with a degree in journalism, Cramer worked for a few different newspapers, like the Tallahassee Democrat and the Los Angeles Herald-Examiner. It was during his stint in LA that his apartment was robbed and he was forced to live for five months in his Ford Fairmont.
The robbery in his apartment cleaned him out completely. At the time he owned a $1200 Ford Fairmont and in the warmth of 1979 Los Angeles, he made that Ford Fairmont his home. Cramer reported that the burglar took his bed sheets, Jazz records, and cans of tuna fish. The burglar even used his toilet and did not flush, making the robbery seem somewhat personal to the fledgling newspaper reporter.
This experience made Cramer the man he is today. While he is not known for being the most ethical investor on the planet, he does have the ability to help the common man understand how to invest. He actually found that living in the mid-sized comfort of his Ford Fairmont was comfortable, especially since he worked many nights while reporting on homicides for his beat for the Herald-Examiner. He chose to sleep in the highway rest stops, while always having a gun nearby.
The plus side of living in his car was that he was able to save money because he did not have to pay any rent; he only had to pay car insurance. Since he was an employed homeless person, he did make enough money to eat, to drink, and to stay close to his friends – who were able to give him the luxury of warm showers