No. of Recommendations: 0
I work with a girl who along with her husband are the "Poster Children" for not LYBM.

They make a combined income of wwll over $100,000 per year, she as a financial analyst and he as a small business owner. They also have income from rental properties that they own. Here are some of their bad habits to avoid.

They live in an expensive house (250K to 300K) in an exclusive suburb.

They have a 25k car and just bought a 40k Sport Utility Vehicle with leather interior and a TV and VCR.

They pay someone to clean thier house and water their house plants.

They have an account with their dry cleaner and their monthly bill runs between $50 and $100 per month.

They never balance their check book, insteading letting checks roll over to their line of credit.

They are UAW's as defined in "The Millionaire Next Door."

Dave.
Print the post  

Announcements

What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Community Home
Speak Your Mind, Start Your Blog, Rate Your Stocks

Community Team Fools - who are those TMF's?
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.
Advertisement