Word: oelerich
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Dates: during 1990-1999
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...Kurt Oelerich, 29, a C.P.A. at Ernst & Young in Chicago, still marvels at his father Frank's financial feats. "He's already paid for 18 years of college for five kids, and he was even unemployed for one of those years," says Kurt. "I asked him, 'How did you do it?' " Easy, replies Frank: "I wasn't that frugal. We bought our first home in 1961 for $19,500, a brand-new three-bedroom in Jacksonville, Florida, with $5,000 down, and we just traded up, paying off loans with rapidly inflating housing prices." Nine houses and one apartment later...
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