Skip to main content
No. of Recommendations: 30
Judging from the responses here the answer to my question is yes. It is unsavory. Living in a blue collar or lower middle class area is unsavory. Living in a place that is 2.5 x your income is also. Some don't seem to be as averse to used clothing and cheap stores as I am but, the difference between that and getting something on sale new at like a mid-priced dept. store is negligible.

Whether or not it is unsavory is a subjective thing, won't you agree? You may think it is, and I may think it isn't. Right?

I don't happen to think blue-collar automatically means lower middle class. I think it means middle class. I have moved into an 80th-percentil type neighborhood now, but I stayed in the blue collar hood for a decade longer than I needed to. In fact I never needed to...I was approved for a lot more house back then anyway. And the higher-end home I've moved into now is also less than half of what I could get approved for.

See, it's a relative thing. The millionaires detailed in the book have their own examples. Do all of them seem unsavory to you? How about wrist-watches? Do you feel the need for a gold Rolex or whatever? I never have. Different strokes for different folks. So yes, I recognize that LBYM can be done in diverse ways.

But the main point is that those who care about looking wealthy hardly ever become wealthy. If you and I have the same income, and you care about nicer clothes, a Rolex, a newer car, a bigger house, etc. more than I care about them, then I'm going to build net worth faster than you probably. And having a bunch of money in the bank is NOT unsavory.

Print the post  


UGC Disclosure Notice Regarding Credit Card Posts
Community board discussions about credit cards are not provided or commissioned by banks who may have advertising relationships with The Motley Fool. Responses have not been reviewed, approved or otherwise endorsed by the bank advertiser. It is not the bank advertiser's responsibility to ensure all posts and/or questions are answered.
TMF Credit Center
The Motley Fool Credit Center arms you with real tools and simple messages, that will help you in every credit situation.
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.
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.