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re: What’s the smartest financial decision you’ve ever made?
Posted on 8/5/26 at 7:05 am to Rize
Posted on 8/5/26 at 7:05 am to Rize
quote:
It really is a cheat code.
Yep. A guy making 300 K with a stay at home wife essentially makes 150 K. I didn’t plan it this way but it really the edge off of living.
0
Posted on 8/5/26 at 7:07 am to LSUneaux
quote:
Love all this. It’s criminal that they don’t teach basic finance and compound interest in high school.
It’s by design
Posted on 8/5/26 at 7:20 am to FlyingTigerBo
Leaning how to trade options. Been doing it 30+ years now.
Posted on 8/5/26 at 7:21 am to UptownJoeBrown
quote:That also can be the worst financial decision ever made.
Leaning how to trade options.
Posted on 8/5/26 at 7:25 am to Scruffy
quote:
That also can be the worst financial decision ever made.
True. You have to be disciplined and follow some personal guidelines.
I have a sheet with all my rules on it. One is “Don’t be greedy!”
Posted on 8/5/26 at 7:27 am to FlyingTigerBo
Not taking financial advice from the Money Talk Board
This post was edited on 8/5/26 at 7:29 am
Posted on 8/5/26 at 7:28 am to Tiger Attorney
quote:
Get good credit cards and play the credit point bonus game. Always pay the balance and pay ZERO credit card interest
This. I usually have a 0% card available for cheap debt when needed, and get rid of it before it balloons.
I went to grad school, and paid for it with 0% interest CCs instead of student loans. Paid everything off shortly after I graduated. Income went up, debt stayed the same. Ramsey has some good advice, but Clark Howard's concepts of taking advantage of 0% interest when needed and having a cheap credit facility are more realistic. Sometimes, you need to borrow for a short time. Be flexible when this is necessary, and you'll avoid a ton of long term complications.
Posted on 8/5/26 at 7:34 am to FlyingTigerBo
pre-nup for the win.
Posted on 8/5/26 at 7:43 am to randybobandy
smartest financial decision ? Getting an LSU Chemical Engineering Degree in 1970.
There was a report that chem engr degrees were still the highest paying bachelor degrees in 2025
There was a report that chem engr degrees were still the highest paying bachelor degrees in 2025
Posted on 8/5/26 at 7:44 am to weagle1999
Paying house off after FEMA rezoned my area and drove my flood insurance premium up 10X. Crazy how much money you can save once you’re debt free.
Posted on 8/5/26 at 7:45 am to FlyingTigerBo
Paid off all the debt my ex wife accrued before divorce. I sat down and opened letter after letter. The IRS too. Had already cut back on expenses after the settlement but really buckled down for the first several months. It sucked but not having her crazy arse and debt hanging over me gave me a peace, even with less savings than I had ever had since college.
Posted on 8/5/26 at 7:47 am to FlyingTigerBo
Maxing out pre tax retirement and living on a budget.
Going to therapy and exercising on a regular basis.
But most of all, having kids. I couldn't imagine my life without them. Best investment ever.
Going to therapy and exercising on a regular basis.
But most of all, having kids. I couldn't imagine my life without them. Best investment ever.
Posted on 8/5/26 at 7:54 am to FlyingTigerBo
quote:
Not having credit card debt - that is modern-day slavery
Details are needed to refine this thought.
I think you’re referring to high interest credit cards.
But some credit cards can be a useful part of a financial strategy, depending on interest rates. For example, if you are buying a new AC for the house or a similar large purchase, and you take advantage of no interest loan for one year, you don’t have to pay it off in one year. If you are gaining more interest annually in your financial investments, why pull the balance of your debt out of the market IF you can open another zero interest credit card for another year and do a zero percent balance transfer fee?
It can make financial sense to rollover a balance to a credit card when you are earning more money in interest gained than in interest paid.
Posted on 8/5/26 at 7:57 am to FlyingTigerBo
Buy and hold over time, no matter what the market is doing.
Posted on 8/5/26 at 7:58 am to FlyingTigerBo
After the market crashed in 2008, I tripled my monthly investment in my retirement fund… needless to say in the last 18 years value has increased exponentially… Knock on wood
Posted on 8/5/26 at 8:01 am to LSUneaux
quote:
Love all this. It’s criminal that they don’t teach basic finance and compound interest in high school.
It would be as simple as having each kid participate in an investment simulation using index funds throughout their school years. Each year enable kids to collaborate on building their own index funds.
Posted on 8/5/26 at 8:02 am to FlyingTigerBo
Selling my Lucent Technology stock when it was at its peak
Posted on 8/5/26 at 8:02 am to FlyingTigerBo
Mine is no credit card debt. My ex wife ran up about $12K when we were first married and struggling. After we divorced and I paid it off, I vowed to never be in that situation again.
Posted on 8/5/26 at 8:03 am to FlyingTigerBo
1. Starting my 401K when I started my career over 30 years ago.
2. Leaving it the hell alone.
2. Leaving it the hell alone.
Posted on 8/5/26 at 8:03 am to AlwysATgr
quote:
And should mention, tithing/giving as a follower of Jesus.
Can you elaborate as to the financial benefits?
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