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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 10:59 am to GetCocky11
Posted on 4/25/19 at 10:59 am to GetCocky11
Maxing out my credit cards when I was young.
I felt like a complete loser and I was.
Felt like slitting my throat and I probably should have.
I felt like a complete loser and I was.
Felt like slitting my throat and I probably should have.
0
Posted on 4/25/19 at 11:05 am to SeeeeK
quote:
2 bad you didn't write a story on it. I'd love to read or hear about how it started, middle, and the ending. I always wanted to open a bar/pub grub,
It's an all too common story in the restaurant business. It is also why banks don't like to lend money to people starting a restaurant.
Years ago I read an article in the WSJ about a guy who opened up a Subway. The gist of the story was 100. He said he spent working there 100 hours a week, for 100 weeks, and said he lost $100k.
Posted on 4/25/19 at 11:12 am to GetCocky11
Failed a core class in college and had to go back another year to retake it. Cost me a year of income plus a year of tuition/fees.
Posted on 4/25/19 at 11:15 am to GetCocky11
(no message)
This post was edited on 12/4/20 at 8:57 am
Posted on 4/25/19 at 11:17 am to GetCocky11
Should have walked out a dealership one time.
Posted on 4/25/19 at 11:18 am to GetCocky11
Cocaine
Posted on 4/25/19 at 11:20 am to GetCocky11
I hate to say it but getting married.
Posted on 4/25/19 at 11:25 am to GetCocky11
Invested everything I had in Enron and Napster.
Posted on 4/25/19 at 11:28 am to Tester1216
quote:
I hate to say it but getting married.
I expected more "having kids" than "getting married" answers.
Posted on 4/25/19 at 11:29 am to GetCocky11
I’m assuming those saying getting married got divorced.
Posted on 4/25/19 at 11:30 am to GetCocky11
quote:
I expected more "having kids" than "getting married" answers.
I like them
Posted on 4/25/19 at 11:30 am to GetCocky11
Taking out lots of loans for law school. Then again, I met my future wife 2 weeks into school, and she later became a doctor, so it evened out.
Posted on 4/25/19 at 11:31 am to GetCocky11
Joining TigerDroppings
Posted on 4/25/19 at 11:34 am to GetCocky11
fricking buying and selling bitcoin, made plenty but if i would have held onto the ones i bought at under $20 
:banghead:
:banghead:
Posted on 4/25/19 at 11:35 am to SeeeeK
quote:
yes, i would of had 25K worth of stock at .40, and would of cashed out at $5(into 401k). Why wouldn't i be upset with that
I never listen to people on that shite, and i let some moron in a suit, who years later were giving Enron as a buy to people.
For starters, you had insider information, and had you acted on it, you likely would have gone to prison. Happens quite a bit.
Secondly, being able to buy a penny stock in your 401k is incredibly rare, so it's likely you were going to take a withdrawal from your 401k to do it, which is typically frowned upon.
Lastly, Enrok was a buy for a long time. They were defrauding everyone.
Posted on 4/25/19 at 11:37 am to GetCocky11
Selling Apple Stock for $23 a share in the 90’s after Jobs left the company
This post was edited on 4/25/19 at 11:38 am
Posted on 4/25/19 at 11:40 am to TheHarahanian
quote:
I built a house in 2007, and triggered the housing market collapse when I signed the final paperwork in December.
Worked for a condo developer. While the condos were being built, I had permission from the developer (my boss), that I could do any upgrades to my condo that I wanted to - prior to closing. Spent about 20K out of pocket cash on various permanent upgrades. In a short amount of time (felt like overnight) the real estate market tanked, my income was cut by almost 70%, and i decided to walk away from the purchase. I figured I'd rather lose 20K as opposed to 300K on a condo that I could no longer afford.
I almost feel lucky that the upgrades took a little longer than expected and I didn't get married to a 300K mortgage.
Posted on 4/25/19 at 11:42 am to slackster
quote:
For starters, you had insider information, and had you acted on it, you likely would have gone to prison. Happens quite a bit.
info of them buying the land and applying for license was public info
quote:
Secondly, being able to buy a penny stock in your 401k is incredibly rare, so it's likely you were going to take a withdrawal from your 401k to do it, which is typically frowned upon.
They were on S&P, which i could buy stock from.
Posted on 4/25/19 at 11:42 am to GetCocky11
Selling AMZN at $90 in '09 after I doubled my money.... Still gets in my craw...
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