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Investment Analysis Clubs / The BMW Method

URL:  http://boards.fool.com/there-are-three-ways-to-deal-with-a-deficit-1-30379659.aspx

Subject:  Re: Bargain hunting Date:  11/13/2012  8:42 PM
Author:  ferjen Number:  40782 of 41135
There are three ways to deal with a deficit:

1) reduce spending
2) increase revenues
3) both

Put me in the camp for number 1. I have a real hard time shelling out more money until the every cutback possible has been made. If I loan my brother-in-law money to pay his rent and he goes out and buys a laptop with it, why the hell would I give him more when he asks for more? Show me you are being RESPONSIBLE with the money you already have, then you can ask for more. It's a really easy concept.
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