What are the 3 worst financial decisions you have made?

[moocow]

1. College tuition (Pretty sure this will be #1 for anyone under the age of 30 who did not become a doctor or engineer)

2. Everything else associated with college (books, off campus housing, drugs, alcohol, sluts) Why the fuck would a textbook cost $300?!?

3. Early years of gambling on sports before deciding to take it seriously and put some work into it

 

[VIEJODINOSAUR]

Most of you guys are youngsters.....wait unit you reach 60 and then reflect on your financial mistakes.....I am still making the dumber ones concerning women....

 

[Defying]

2. Everything else associated with college (books, off campus housing, drugs, alcohol, sluts) Why the fuck would a textbook cost $300?!?

 

[CarolinaKid]

i agree females causes a guy to make the worst choices in life....when you guys under 40 get older you will understand...........pussy is so over-rated...........

 

[ZJP6050]

can't even think of one. i guess living the fast life is costly, i have not been a great saver in my young life. hasn't caused me any strife as of yet.

 

[Huckel]

1. Sports betting easily wish my dad never gave me the # to the local to many losses, time, etc

that's about it havent made any major purchases outside of a car. Ive lived pretty fast so the booze, women, and extra curriculars are enjoyable money wasters. Except I haven't saved very much

 

[dtmad]

i agree females causes a guy to make the worst choices in life....when you guys under 40 get older you will understand...........pussy is so over-rated...........

Compared to what?

 

[HottyToddy]

1,2, and 3 buying a brand new 4 door 150.... It's a badass truck but 800 bucks a month plus insurance is just too much to pay for a ride

 

[GoBlue34]

Easily Gambling is #1. I don't except for a couple times to Vegas a year and oddly enough when I have the cash in front of me, I usually win.

College has been brought up a few times. I'm not a doctor but I could not have gotten to where am without a degree. Expensive, overpriced, sure. But without being in sales or starting your own business I don't know how you can make it without one.

#2 Invest more when I was really young.

Other than that, not much else really.

 

[DELSOL]

Extending credit to new clients.

Working in a family business without a final decision vote.

Not leaving for Costa Rica immediately after college graduation.

 

[tatehill2000]

1. Opening a business with a best high school friend. (Lost 30g)
2. Got married and she stole 60-70.
3. 10 years of college a senior. No degree. Waste of time and money. Should of started capping and doing hair a looong time ago.

 

[festeringZit]

#1 sticking to my office job way too long
Should have quit my IT job way earlier than I did instead of wasting 50-60+ hrs per week at a job I didn't like anymore and hated towards the end. Would have been better of financially spending that time otherwise, relying on poker, sportsbetting, maybe some freelancing and other stuff and for sure would have enjoyed my time much more than sitting in an office writing source code waiting for the end of my workday.

#2 movies & other crap
during that time also bought ~2.000 movies (DVDs + BluRays) and a bunch of consumer electronics instead of saving a single penny...

#3 moving to Brazil
From a financial standpoint very bad decision, way more expensive in Florianopolis than in Costa Rica or Germany. But this one I def. don't regret, in pretty much every other aspect the best decision I made in my life

Soriano,

Just curious what you are liking about Brazil? The women?

 

[Betallsports]

can't even think of one. i guess living the fast life is costly, i have not been a great saver in my young life. hasn't caused me any strife as of yet.

Don't worry, you have plenty of time to fuk it up

 

[Enfuego]

Engagement ring
buying a house
singling game on dude instead of wise Dan 2 years ago in the breeders cup

I can't think of a better financial decision than the buying and selling as well as living in three different houses.

Why is buying a house a bad financial decision in your opinion?

 

[Betallsports]

I can't think of a better financial decision than the buying and selling as well as living in three different houses.

Why is buying a house a bad financial decision in your opinion?

Guess it would depend on When he bought it... if he bought it before the last crash.... that would be a bad financial deal.

 

[Enfuego]

Guess it would depend on When he bought it... if he bought it before the last crash.... that would be a bad financial deal.

The crash is a bad deal Betall but if you're that much upside down on the loan, why not just live in it or rent it out until the market rebounds?

 

[Betallsports]

The crash is a bad deal Betall but if you're that much upside down on the loan, why not just live in it or rent it out until the market rebounds?

yes.. those would be the choices until it levels out.

 

[scottcarter]

1. bought a 1000 shares of a stock at 50 cents a share. Sold it at $4.40 a share after four years. Six weeks later it went to $96 a share.
2. see #1
3. see #1

 

[CarolinaKid]

Scott i know what you talking about, yrs ago i purchase stock in fannie mae(fnm) @12.75 and sold it around 35, it went to over 100 and split several times after that.....

 

[shdw01]

1. bought a 1000 shares of a stock at 50 cents a share. Sold it at $4.40 a share after four years. Six weeks later it went to $96 a share.
2. see #1
3. see #1

holy fuck $90k down the toilet