LBYM is sort of a mantra of the Motley Fool. I’ve been striving to LBMM for a long time, and it’s nice to read some of the stories that come out of TMF on a regular basis. Thus, I’d like to point you to this one.
The most important financial consideration I have is spending less than I earn. And I do. How I spend that money is what determines my quality of life. Perhaps I can only afford 11 books a year from The Happy Bookseller instead of 12 books from a national chain, but that is a trade off I willing to make. When I support local businesses, I feel like I am supporting my community, and I gotta tell you, that makes me feel good.
That’s a great lesson for all of us, and in today’s economy, supporting out local businesses is a duty, in my opinion.
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