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Started By
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re: What's the worst financial mistake you've ever made?
Posted on 4/25/19 at 8:27 am to GetCocky11
Posted on 4/25/19 at 8:27 am to GetCocky11
Taking partners in my business.
0
Posted on 4/25/19 at 8:27 am to GetCocky11
Bought a new vehicle instead of used
Posted on 4/25/19 at 8:27 am to GetCocky11
Running up credit card debt in college. Took forever to pay off, and on top of the student loans and general irresponsibility post-college, my credit was pretty fubar for a few years.
Posted on 4/25/19 at 8:28 am to GetCocky11
Attending Tulane
Posted on 4/25/19 at 8:28 am to GetCocky11
Got married.
Posted on 4/25/19 at 8:28 am to REB BEER
quote:
You go first
I'm spending my 30s recovering from my 20s.
Posted on 4/25/19 at 8:29 am to GetCocky11
I worked for a company that had a stock purchase plan. I was investing the maximum amount allowed. I held on to that stock for way too long and rode it to almost zero.
I won't ever repeat that mistake.
I won't ever repeat that mistake.
Posted on 4/25/19 at 8:30 am to TheHarahanian
quote:
I built a house in 2007, and triggered the housing market collapse when I signed the final paperwork in December.
We bought our first house in 2006. Took a bit of a bath on that one
Posted on 4/25/19 at 8:30 am to GetCocky11
Bought a brand new Jeep when I was in college. Seemed like a great idea at the time. Wish I would have just bought a used truck just to get to work and school. That note hit like a ton of bricks every month.
Posted on 4/25/19 at 8:33 am to GetCocky11
I bought a new bass boat on an impulse about 20 years ago and financed it for 10 years at like 9.5%. Of course I didn't even use it much and am a horrible fisherman. I always thought I was the biggest idiot in the world for doing that but now there's even bigger idiots that buy trucks at what half of their homes are worth, so I guess it could've been worse.
Posted on 4/25/19 at 8:34 am to GetCocky11
The purchase of our second house.
In retrospect, I wish we had stayed in our first house, as we bought in 2006, right before everything started going to shite.
We've owned a couple of houses since, and I still get itchy when it comes to purchasing a house to this day due to that experience.
In retrospect, I wish we had stayed in our first house, as we bought in 2006, right before everything started going to shite.
We've owned a couple of houses since, and I still get itchy when it comes to purchasing a house to this day due to that experience.
Posted on 4/25/19 at 8:34 am to GetCocky11
She was blonde with blue eyes, 5'2" and about 105 pounds in 2014-15
Posted on 4/25/19 at 8:35 am to GetCocky11
Investing in Cajun Cannabis.
Who would have thought with a catchy name like that it would not succeed.
Who would have thought with a catchy name like that it would not succeed.
Posted on 4/25/19 at 8:35 am to GetCocky11
Got a DWI
That mistake was expensive. Thankfully only cost money
That mistake was expensive. Thankfully only cost money
Posted on 4/25/19 at 8:37 am to GetCocky11
My first house and first car I got screwed on both by not realizing how to make a formal counter-offer and have the dealer fix the brakes on the used car or I'd walk.
Taking too much in student loans when I should have just worked more.
Anyhoots all of those are way behind me now and were valuable lessons to pass on to the kids in a few short years.
Taking too much in student loans when I should have just worked more.
Anyhoots all of those are way behind me now and were valuable lessons to pass on to the kids in a few short years.
This post was edited on 4/25/19 at 8:41 am
Posted on 4/25/19 at 8:38 am to TheHarahanian
quote:
I built a house in 2007, and triggered the housing market collapse when I signed the final paperwork in December
I thought it was my fault with my house...wheww, i feel better
My mistake was....being too pessimistic. I set a budget on a house and didnt move. Realtor showed me a great house for 40k more (and doable) but..no i stuck to the plan. I liked the house i did by but thought about the other. Crash happens..both houses lost value but the one not bought was above water 3 yrs...the one i bought will probably never be
This post was edited on 4/25/19 at 8:43 am
Posted on 4/25/19 at 8:38 am to GetCocky11
Not buying Bitcoins for $25 in 2011 when I had the chance.
Posted on 4/25/19 at 8:38 am to GetCocky11
As a poor college student I had a chance to take my life savings (about $5,000) and buy some Crystal Oil stock in bankruptcy for 3 cents a share. I declined. A couple of years later Apache bought them out for $32 a share. Would have netted me over half a million.
Posted on 4/25/19 at 8:40 am to ksayetiger
quote:
Got a DWI
Posted on 4/25/19 at 8:41 am to mikelbr
yeah, maybe my first new car is higher on the list. had a perfectly good 76 cutlass that i loved. Drove my BIL to pick up his new Monte Carlo. Got the new car fever, traded in my cutlass in for a Monte Carlo and a $300 note. Which in 1980 making minimum wage was a LOT of money.
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