4.4 • 1.3K Ratings
🗓️ 2 January 2025
⏱️ 9 minutes
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| 0:00.0 | Ready to launch your business? Get started with the commerce platform made for entrepreneurs. |
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| 0:31.5 | finance daily the tale of bad car bill by mr.500 of 1500 Days.com. |
| 0:40.2 | One of my first real jobs in the world was working as a computer programmer at the fancy |
| 0:45.9 | headquarters of a big U.S. retailer in the late 90s. I was an employee, but I worked with a team |
| 0:52.8 | of consultants that the company had hired to help with the Y2K code remediation. |
| 0:59.7 | These consultants, with their old skills, were now tripling and quadrupling their pay as the demand to fix the old systems skyrocketed. |
| 1:10.0 | The consultants were a fascinating bunch to watch. They had no |
| 1:14.5 | trouble finding ways to blow all of their new wealth very quickly. They had fancy clothes and shiny new |
| 1:21.9 | SUVs or sports cars. They would go to restaurants for lunch every day and then go out to expensive clubs after work. |
| 1:30.3 | I had never seen people spend money like this. |
| 1:33.5 | At the time, I thought, wow, these guys are rich. |
| 1:37.3 | I was naive, just out of school and grew up in a lower middle class neighborhood. |
| 1:42.8 | I was the first one in my family to graduate from |
| 1:45.0 | college, so had never been around people like this. Later on, the book The Millionaire Next Door, |
| 1:51.8 | opened my eyes to the reality of the situation. These people were not rich and never would be. |
| 1:59.0 | I was just witnessing extreme cases of lifestyle inflation. However, |
| 2:03.9 | there was one consultant who was an exception to the big spenders, and his name was Bad Car Bill. |
| 2:11.4 | Bad Car Bill was different. He was given the moniker because he drove a hideous clunker. |
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