The Motley Fool Discussion Boards
Personal Finances / Living Below Your Means
|Subject: LBYM FAQ||Date: 2/27/1999 1:14 PM|
|Author: RecoveringFool||Number: 13430 of 889297|
Welcome to the Living Below Your Means Board !
What is the purpose of this board ?
The Living Below Your Means Board began as an offshoot of the Credit Card Board as a place to discuss tips for saving money.
What is Living Below Your Means ?
A personal choice ;) It means different things to different people. For many, it means making conscious choices to use your money to do/buy things that are important to you. Many of the discussions involve spending less for the things you do choose to buy.
What are all these abbreviations ?
LBYM - Living Below Your Means
LAYM - Living Above Your Means
LB*M - Living Below(my,their,our etc) Means
DIYS - Doing It Yourself
LOL - Laughing Out Loud
BTW - By the Way
IMHO - In My Humble Opinion
ROFL - Rolling on the floor laughing
ROFLMAO - Laughing so hard that a body part flies off
ROFLMAOPIMP - laughing where body parts fly off and control is lost.
Books that have been discussed or recommended(in no particular order) :
The Tightwad Gazette(available in a number of forms) - Amy Dacyczyn
Your Money Or Your Life - Joe Dominguez & Vicki Robin
The Millionaire Next Door - Thomas J. Stanley & William D. Danko
The Wealthy Barber (latest edition)- David Chilton
The Richest Man in Babylon - George S. Clason
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