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.
Best Of |
Favorites & Replies |
Start a New Board |
My Fool |
BATS data provided in real-time. NYSE, NASDAQ and NYSEMKT data delayed 15 minutes.
Real-Time prices provided by BATS. M