Wastefulness Re-Wired: Credit Lessons Learned the Hard Way

Rodney Miller could tell you a little something about excessive spending. After graduating from Morehouse College in Atlanta, he landed a decent job and became "that guy" -- the one who seemed to have it all.

"I was traveling, hitting various hot spots (i.e. Martha's Vineyard, Black Ski weekend, Cancun etc.) having fun and doing it up," says Miller, 40, director of business solutions for a law firm in Atlanta where he also resides. A nice apartment in the suburbs and two BMWs completed the picture.