Personal Finance Advice From a Lion of Industry
August 31st, 2011

Food Lion co-founder and multimillionaire Ralph Ketner spoke to Catawba College students about personal finance, and he had a lot of great advice based on his own experience. He was inspired to speak to the class after hearing from a young man who had complained that he couldn't live on $36000 a year.
Ketner told students about his own experience growing up as a young man after both his parents had died, and he had to sell newspapers just to survive. He never graduated from college and yet went on to found one of the largest grocery store chains, along with two other men, who all worked together cold calling investors to raise the seed money. He is critical of people today who complain they cannot live off $36000 a year, and also of modern executives who often put their own interests ahead of shareholders, customers, and employees.