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5 More People Who Accidentally Found a Fortune

We’ve all found something that we thought might be worth a lot of money. We have not all been fortunate enough to stumble across anything actually worth a fortune. Rob has shared some of these stories before, but here are a few more people who accidentally discovered something incredibly valuable.

1. A 500-Year-Old Pendant

Taking a three-year-old out to use a metal detector is mostly about showing the kiddo a device that beeps when you find a quarter or an old can. And to be fair, that’s really all Jason Hyatt expected to do when he took his son James on his very first expedition. Just minutes after getting started, the detector buzzed and the father-son duo started digging. About 8 inches under the surface, they discovered a gold locket with an image of the Virgin Mary clutching a cross.

The pendant is what’s known as a reliquary, and it dates back to the 16th century, during the reign of Henry VIII. Experts claim it may have even belonged to a member of the royal family. There are only three other reliquaries of this type known to exist.

As a bonus (sort of), James will learn a valuable lesson about sharing. Part of the reliquary's $4 million sale will go to the owner of the property where it was discovered.

2. A Vase Fit for the Emperor

When a pair of siblings set out to clean their deceased uncle’s home, they certainly weren’t expecting to become millionaires in the process. As they started packing up his things, they ran across a vase that seemed so worthless they stuck it up on a bookshelf and continued working on boxing up the rest of his items. Eventually their attention returned to the vase, and they realized it might be worth something, so they took it to an auctioneer who told them the piece was from the 1740s and was almost certainly created specifically for the Qianlong Emperor.

Naturally, the pair put the vase up for auction, where the piece ended up breaking the record for any Chinese artwork –closing at $69 million. Now that’s one heck of an unexpected inheritance.

3. A 260-Year-Old Violin

One evening in 1967, a woman thought she saw a baby on the side of the freeway, so she got out and investigated. Fortunately, it wasn't a baby, but a violin case with a pretty nice-looking violin inside. The woman kept the violin, eventually giving it to her nephew, who then lost it to his ex-wife, Theresa Salvato, during a divorce settlement. When Theresa decided to take violin lessons, her instructor thought there was something unusual about her instrument. He asked to borrow it, and then took it to a violin dealer who examined it and declared it to be the $800,000 violin that had been missing from UCLA’s collection since 1967.

Named "The Duke of Alcantara," the rare instrument was a Stradivarius that had been borrowed from the school’s collection by the school orchestra’s second violinist, David Margetts. David reported the violin stolen, but it turns out he likely put it on top of his car and forgot about it.

Salvato contacted the school, but refused to hand over the instrument after they sent two campus police officers to her home and accused her of theft. Eventually, the matter had to be settled in court, where Salvato was pronounced the rightful legal owner of the instrument. She then sold the violin back to the school for $11,500 — a fraction of its actual worth. Even so, it’s not too shabby for something found on the side of the freeway.

4. A Missing Mark Twain Manuscript

For years now, the second half of Mark Twain’s manuscript for Huck Finn has been treasured and cared for in the Buffalo and Erie County Public Library. But what about the first half? As it turns out, it’s been hidden away inside of a trunk in the attic of the very book collector that convinced Mark Twain to donate the book to the library in the first place. After Twain handed the manuscript over to James Fraser Gluck, the collector managed to lose the first half before giving it to the library.

Finally, over 100 years later, Gluck’s granddaughters discovered the manuscript and intended to put it on auction at Sotheby’s in New York. Before the auction date, an ownership claim arose after the library pointed out that Twain had promised the manuscript would go into their collection. Rather than making a legal battle out of the matter, the sisters decided to sell the manuscript to the library for an undisclosed, but reportedly low, six-digit sum. While it was far less than the piece would have earned at auction, the sisters claimed they agreed to sell it to the library as an act of charity.

5. A Lost Van Gogh Masterpiece

Sometimes valuable items can be hiding in plain sight. Just ask the unnamed middle-aged couple living in Milwaukee who happened to have an original van Gogh masterpiece hanging on their wall. They thought the painting was just a simple reproduction, but when they invited an art appraiser to take a look at another painting in their home, he noticed the van Gogh and realized it was the 1886 original. When “Still Life With Flowers” sold at auction, the couple quickly ended up $1.4 million richer.

So, any of you guys ever find an original van Gogh? How about something valuable but maybe not Stradivarius-level valuable? We've heard the Atari 2600 is worth a few bucks.

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California Startup Pays Users to Consume Less Energy
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You may know that turning off the lights when leaving a room or lowering the thermostat before bed are smart habits, but with no way to see their immediate impact, they can be hard to keep. OhmConnect is built around the premise that more people would follow through with these actions if they had a little motivation. As Fast Company reports, the San Francisco-based startup rewards California residents for their green choices with real cash.

The mission of the company is to prevent energy grids from using costly and dirty emergency power plants by encouraging customers to conserve power when demand outweighs supply. During “OhmHours,” users receive a text suggesting energy-saving practices. They can choose to opt out or agree to make an effort to lower their consumption. If their usage in the next hour is lower than the average for their home on that type of day (weekdays are compared to the weekday average; weekends to the weekend average) they receive points which can be redeemed for money. The more people participate on a regular basis, the more points they’re able to earn.

Participants in homes equipped with smart devices like a Nest thermostat or Belkin smart switches can program them to automatically consume less during those times. Nearly a fifth of the user base chooses some type of automatic response.

Someone living in a small apartment participating once a week has the potential to make $40 to $50 a year, while a family living in a larger home can earn up to $200. The California energy grid has also reaped the benefits: Since launching in 2014, OhmConnect has saved the state a total of 100 megawatts (the equivalent of not running two emergency power plants at high-demand times). California residents who get their energy through Pacific Gas and Electric, Southern California Edison, or San Diego Gas & Electric can sign up to participate online. If you don’t live in the state but are interested in the service, you may get a chance to try it out soon: OhmConnect plans to expand to Texas, Toronto, and potentially the East Coast.

[h/t Fast Company]

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11 Secrets of Financial Planners
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You share your darkest money secrets with your financial planner. You even tell him about the time you spent your last pennies at Starbucks, because without caffeine, how could you work? This is the person who is supposed to sort out your life so that you can buy everything your heart desires, after all—or so we want to believe. We found out whether financial planners judge your shoe-buying habit, whether they get mad if they have to repeat themselves time and time again (we hear what we want to hear), and why they don’t always follow their own advice.

1. SOMETIMES, THEY GET A LITTLE ANNOYED WITH YOU.

“I grimace when friends or clients get involved with multi-level marketing endeavors, thinking it’s a quick way to make money,” says Quentara Costa, a certified financial planner in Massachusetts. These MLMs, including LuLaRoe, Matilda Jane, and others, rarely last more than a year, but according to Costa, the outlay of funds and time you pour into developing and understanding the product could have been better spent pursuing other means of career development. “While well-intentioned, it’s my least favorite method of supplementing income because it can take years to develop business and trust within the community, as with any business venture,” he explains.

2. THEY DON’T ALWAYS APPROVE OF YOUR CAR-BUYING WAYS.

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Meghan Chomut, a certified financial planner in Thunder Bay, Ontario, says she can’t stand it when her clients overspend on vehicles. She even has a golden rule about it: The total value of all your vehicles and motorized toys shouldn’t add up to more than half of your annual income.

3. BUT THEY UNDERSTAND THAT YOU’RE GOING TO FORGET ABOUT SAVING MONEY DURING YOUR VACATIONS.

This is the time when clients tend to go off the rails, says Bill Ryon, co-founder and managing partner of the Dover, Delaware-based Compass Investment Advisors. Whenever Ryon sees clients taking distributions that are larger than what’s called for within their financial savings plan, he knows that they’re going on an international trip. “It can be a little bit of a sensitive conversation, since it is their money and I want them to enjoy themselves," he says, "however not at the expense of derailing their plan or jeopardizing their lifestyle in the future."

4. THEY BLAME YOLO.

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“If you can’t afford it, you shouldn’t do it,” Chomut says. “But then #YOLO, and all of a sudden, you’ve booked a trip to Florida. Or #FOMO you are going out to eat at a fancy restaurant with friends and putting it on a credit card," she says. "The struggle is real.”

5. THEY TOTALLY EXPECT TO REPEAT THEIR ADVICE OVER AND OVER AGAIN.

Warren Ward, senior planner with WWA Planning and Investments in Indiana, says that many years ago, his doctor told him that about half the medical issues he dealt with in his practice were optional: people overate, refused to exercise, or smoked. But they still wanted their doctor to keep them healthy. “He responded by repeating his good advice, and making medical interventions when appropriate,” Ward says. “Just like that physician, we care about our clients, and will patiently repeat our advice at every visit, knowing from experience that people can change over time and become more financially healthy.”

6. EVERY FINANCIAL PLANNER HAS THEIR OWN FINANCIAL TRICKS TO PASS ON.

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Ward is a huge fan of the “cash envelope system,” he says. Basically, you map out your spending for the week, and put that amount of cash into an envelope. “Mapping out your spending for the week allows you to know where your money goes instead of wondering where it went,” he says.

7. SOME WANT YOU TO FOCUS ON THE BIGGER PICTURE ...

“The secret is that all retirement planning is income planning and everything else is detail,” Ryon says. “I’ll have to repeat that several times, but that’s it. It helps them to focus on what’s really important and what they are planning for.” Essentially, he says, you’re saving and investing to sustain your lifestyle for at least 30 years after you retire. So if you focus on the fact that all of your retirement planning is income planning, then you’ll be able to think of your money as a machine that’ll pay the bills once you stop working.

8. ... OTHERS WANT YOU TO THINK ABOUT EVERY DOLLAR YOU SPEND.

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The key is to make a budget every single month, Chomut says. “Every dollar overspent is a dollar you have to either work harder for tomorrow, or a sacrifice you’ll have to make later.”

9. THEY DON’T ALWAYS FOLLOW THEIR OWN ADVICE ...

Ward says that the most difficult part of financial planning is convincing his clients to plan for death. That means setting aside money for the kids’ education and naming a close friend or relative as a potential guardian for those children ... just in case. “Just like my clients, I’m slow to face updating my estate planning documents,” Ward says. We don’t blame him!

10. ... BUT THEY STILL WISH YOU WOULD TRUST THEM ...

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“In our modern age of 24/7 news coverage, I think people tend to put too much emphasis on interpreting the latest headline, and then trying to act tactically in response,” Ward says. “Whether this involves making an investment decision based on world affairs, or following the weather minute-by-minute prior to a vacation, we prefer that they think strategically, formulate a plan and stick to it—of course allowing for periodic review and adjustment.”

11. ... BECAUSE AT THE END OF THE DAY, THEY’RE THE EXPERTS.

“I struggle watching one of a couple—usually the husband—claiming expertise that’s actually incomplete,” Ward says. After all, he doesn’t brag about medicine when he goes to the doctor, nor does he claim knowledge of the law if he visits a lawyer. “I try not to be judgmental, but this is an area where I struggle,” he says.

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