I don’t always enjoy writing these things, especially when it comes to friends and family. While their money mistakes make good fodder for this blog, I’d much rather have those that I love or care about be money superstars instead of having to write about the errors of their ways. However, something just landed in my inbox not more than 5 minutes ago. I must tell you the story.
I just received this message from my good friend who I’ll call John:
My heart sank and I felt horrible when I saw this. There aren’t many things in life more traumatic than losing your job. However, this isn’t the first time this happened to John and he has made some mistakes.
Meeting John in the land of Bad Car Bill
I first met John way back in the place where I worked with Bad Car Bill and Mr. Corvette. He was highly intelligent and well respected. John was about 30 when he was promoted to a software architect position and rewarded with a 6-figure salary.
John had no trouble spending every bit of his income and then some. He bought a sports car. He traveled all of the world to exotic destinations. He had a house full of gadgets. It was lifestyle inflation taken to the limits.
“Too many people spend money they haven’t earned, to buy things they don’t want, to impress people they don’t like.”
John’s rock star lifestyle didn’t last long. Continue reading