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Old 07-15-2006, 08:02 AM   #1
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Okay, so sue me, I'm new!

what are LBYM and LBOM? Acronyms used on this site in various places.

I know the answer is going to be painfully obvious once you explain! Embarrassed already.
But not too embarrassed to stay ITD (in the dark).

Life is short and getting shorter.
If not now, when?
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Re: Acronyms
Old 07-15-2006, 08:13 AM   #2
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Posts: 1,321
Re: Acronyms


LBYM = Live Below Your Means

Many here achieve FIRE (Financial Independence, Retired Early) by adopting a lifestyle in which our expenses are kept significantly less than our incomes with the difference going into saving and investments.

LBOM - I'm guessing this is a variant standing for Live Below Our Means.


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Re: Acronyms
Old 07-15-2006, 08:20 AM   #3
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Re: Acronyms

Here is our acronym "dictionary"

We will have to make it easier to find.

No more lawyer stuff, no more political stuff, so no more CYA

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Re: Acronyms
Old 07-15-2006, 10:41 AM   #4
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Re: Acronyms

Originally Posted by Martha
Hmm, according to the acronym list, if I "PM" someone, then I "Precious Metal" him/her.

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Re: Acronyms
Old 07-15-2006, 12:16 PM   #5
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Re: Acronyms

Originally Posted by Martha
We will have to make it easier to find.
Yes, please. It took me ~5 months to find it on my own
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Re: Acronyms
Old 07-15-2006, 12:17 PM   #6
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
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Re: Acronyms

Needs to have "avocado", "harvest gold" and "zucchini" added to it.

Be fearful when others are greedy, and greedy when others are fearful. Just another form of "buy low, sell high" for those who have trouble with things. This rule is not universal. Do not buy a 1973 Pinto because everyone else is afraid of it.
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