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Feb 22, 2008

"By sowing frugality we reap liberty, a golden harvest." --Agesilaus

Building A Life On $25

Alone on a dark gritty street, Adam Shepard searched for a homeless shelter. He had a gym bag, $25, and little else. A former college athlete with a bachelor's degree, Mr. Shepard had left a comfortable life with supportive parents in Raleigh, N.C. Now he was an outsider on the wrong side of the tracks in Charleston, S.C. But Shepard's descent into poverty in the summer of 2006 was no accident. Shortly after graduating from Merrimack College in North Andover, Mass., he intentionally left his parents' home to test the vivacity of the American Dream. His goal: to have a furnished apartment, a car, and $2,500 in savings within a year. To make his quest even more challenging, he decided not to use any of his previous contacts or mention his education.

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