Acronyms

[txdakini]

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).

 

[grumpy]

txdakini,

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.


Grumpy

 

[Martha]

Here is our acronym "dictionary" http://early-retirement.org/forums/index.php?topic=5392.0

We will have to make it easier to find.

 

[just_hatched]

Here is our acronym "dictionary" http://early-retirement.org/forums/index.php?topic=5392.0

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

 

[Scrooge]

We will have to make it easier to find.

Yes, please. It took me ~5 months to find it on my own

 

[cute fuzzy bunny]

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