ECONOMY & WORK
MONEY 101
NEWS
PERSONAL FINANCE
NET WORTH
About Us Contact Us Privacy Policy Terms of Use DMCA Opt-out of personalized ads
© Copyright 2023 Market Realist. Market Realist is a registered trademark. All Rights Reserved. People may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.
MARKETREALIST.COM / ECONOMY & WORK

Boy gives his last dollar to someone he mistook as 'homeless' — what he got in return changed his life

This happened when 42-year-old Matt Busbice left his house in a rush one morning after he heard a fire alarm.
UPDATED JAN 3, 2025
Representational image showing a homeless man (Cover Image Source: Getty Images Representative Image | Jozef Polc)
Representational image showing a homeless man (Cover Image Source: Getty Images Representative Image | Jozef Polc)

In a recent heartwarming incident that is sure to restore your faith in humanity, a nine-year-old boy in Baton Rouge Louisiana mistook a millionaire as homeless and gave him the only dollar he had, as per WBRZ.

This happened when 42-year-old Matt Busbice left his house in a rush one morning after he heard a fire alarm. Thankfully, he found that there was no fire and later headed to a cafe where he placed an order and stepped outside to do his morning prayer.

This is where nine-year-old Kelvin Ellis Jr. approached him and gave him a dollar. "I said, 'Excuse me, sir, are you homeless? Because if you are, here's a dollar,'" Ellis Jr. recalled, adding that he had always wanted to help a homeless person, via CBS.


 
 
 
 
 
View this post on Instagram
 
 
 
 
 
 
 
 
 
 
 

A post shared by Matt Busbice (@mattbusbice)


 

"I had money, it wasn't that much — but it could still help him get something," he said. Hearing this, Busbice had tears in his eyes, he hugged the child, and decided to reward him for his kindness. Busbice later told CBS News that he hadn't had "that much faith in humanity in a very long time."

Pleased by his kind gesture, he later bought Ellis Jr. breakfast and took him for a shopping trip to his sporting goods store where he gave him 40 seconds to choose whatever he liked. As per the reports, Ellis Jr. got a few items including a brand new bike. 

As for the nine-year-old, he had donated the only dollar he had earned by himself after securing good grades in his examination. Kelvin Ellis Jr. was not only rewarded by Busbice but also lauded by netizens who took to various social media platforms to praise him. "What a great kid and good on the guy. I bet they stay friends!" writes @OldSaltSouth in a post on X. 


 
 
 
 
 
View this post on Instagram
 
 
 
 
 
 
 
 
 
 
 

A post shared by Matt Busbice (@mattbusbice)


 

Ellis Jr. tells CBS, that he felt joy as he helped someone. "Give something away, and you feel like you've got a lot of things from it," he added, while Busbice believed that if you give something, you get more out of it. "I couldn't grasp that as a kid. And if we can spread that around, everything changes," he added. 

As per reports, Busbice is a millionaire who built his fortune through a series of outdoor businesses and brands focused on the hunting industry. 

Homelessness shot up in Louisiana after Hurricane Ida destroyed homes and displaced residents throughout coastal Louisiana in August 2021. The state's homeless population spiked to never seen before levels. In 2022, Louisiana had an estimated 7,373 people experiencing homelessness, which was the 14th highest rate across the nation. 


 
 
 
 
 
View this post on Instagram
 
 
 
 
 
 
 
 
 
 
 

A post shared by Matt Busbice (@mattbusbice)


 

However, since then the number of homeless people has declined as some have been moved into the state's expanded low-barrier homeless shelter in recent months, as per Martha Kegel, executive director of UNITY of Greater New Orleans. From 2020 to 2022, the state has suffered the second-largest percentage increase in homelessness levels, up by a whopping 132.4%, as per the 2022 Annual Homelessness Assessment Report to Congress.

This article originally appeared 7 months ago.

MORE ON MARKET REALIST
While gas prices have jumped, diesel prices have skyrocketed across the country, averaging at $4.78
7 hours ago
Last year, Buffett stepped down as the CEO of Berkshire Hathaway.
8 hours ago
Many who feel financially behind are embracing “financial nihilism,” placing bets on high-risk options instead of traditional investing.
8 hours ago
It was one of the rarest instances in the show in which a contestant had won two cars in one episode
8 hours ago
Housing search data flags a shift in buyer sentiment as Californians look beyond Las Vegas for cheaper housing.
10 hours ago
The company is doing whatever it can to stay ahead of its competitors in the field of AI.
13 hours ago
Industry leaders warn that the Iran conflict could push fertilizer costs higher and eventually drive food inflation.
13 hours ago
This could lead to domestic migration of the wealthy from the state before the law takes effect
13 hours ago
Karoline Leavitt says it won’t affect married women, but critics argue name-change documentation could create new barriers.
13 hours ago
As regulators tighten rules and refineries shut down, the Golden State, also known as the ‘fuel island’, grapples with extremely high gas prices.
1 day ago
The answer isn't clear yet, but early signs point to his policy backfiring in a bad way.
1 day ago
Find out how to identify the affected products and what steps to take.
1 day ago
From skipping meals to avoiding driving, Americans have been backed into a corner financially.
1 day ago
The company followed the likes of Block and Oracle in axing thousands of jobs.
1 day ago
In the end, it all came down to luck, and the contestant simply did not have that.
1 day ago
US consumers could witness another wave of inflation in March despite the IEA releasing oil reserves
2 days ago
There are safeguards to the use of the technology but day-to-day activities are allowed.
2 days ago
The contestant came quite close to winning but it was not to be.
2 days ago
A budget watchdog has sounded the alarm, warning that this would not be sustainable.
2 days ago
Multiple states are taking part in testing programs to ensure that the dream becomes reality soon.
2 days ago