When Mrs. 1500 posed the question yesterday about living below your means (I'm going to refer to it as LBYM from now on), I admit that I hadn't thought much about it either. I pondered the question for a bit and came up with two criteria you must meet if you want to define yourself this way:No debt Living on less than you earnI admit that my view is very binary, but … [Read more...] about The Mr. 1500 definition of living below your means
living below your means
Hi there, Mrs. 1500 finally back at the helm, after a couple of weeks off.I had an interesting conversation with a neighbor, who thinks she lives below her means. What does that really mean?But first, let's go back to last week's question, where Mr. 1500 asked how you would invest $275,000.Chris from Flipping a Dollar, Fervent Finance, Reader Danny, BackNColo, The … [Read more...] about Ask the Readers: What does living below your means really mean?