Brandsdale
Big Yella
lol ain’t you Canadian too? Which school?
What's the worst financial mistake you ever made?
- Thread starter winb83
- Start date
lol ain’t you Canadian too? Which school?
Marriage and years ago buying new cars
Selling my house in the DMV for 280k in 2013. Tho I walked away with 64k in profits, it's worth 450k now. And It'd probably be paid off by now. 
That 64k was gone in 3 years. Unemployed, traveling and tricking.
That 64k was gone in 3 years. Unemployed, traveling and tricking.
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Jamal514
In high demand
Getting a credit card before I was mature enough to use it wisely. I got it at 18 and racked up $15,000 of debt by 22 spending most of the money on clubbing, clothes, shoes, weed, girls, video games, travelling, etc. I was able to pay it off by 25 and have been pretty frugal ever since.
Mike Nasty
Veteran
I didn't want to live in apartment anymore, it's that simple.
Renting for 10+ years. I should've just bought a house as soon as I started my career but didn't.
Now I've overpaid for my townhouse and the mortgage continues to rise with homeowners insurance and taxes going up. I would be in a much better position if I would've just bought earlier but rent was 575 back then and I didn't see the point smh.
Now I've overpaid for my townhouse and the mortgage continues to rise with homeowners insurance and taxes going up. I would be in a much better position if I would've just bought earlier but rent was 575 back then and I didn't see the point smh.
Just because something might not be the best financial decision doesn't mean there arent other reasons to do it. I don't want to live in an apartment nor do I have to yet I do. It's the best financial choice and I place more importance on that.
One day I'll buy a house. It will be a poor financial decision for me like the car I bought yet I'll do it anyway.
Givethanks
Superstar
Algonquin, I thank CU for coming in clutch for me big time.
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desjardins
Veteran
Buying stupid shyt in the early 2000s like rims, throwbacks and coogi sweaters instead of investing tech stocks like Apple and Amazon
my supporter badge
No I am not. I'm fairly financially responsible. I've had exactly one late payment in my entire life when I was a teenager on my first credit card and I'm 42 now. Credit score has been 800+ for about a decade. Never had anything go to collections. I have a net worth that's almost 6x my annual gross income and I don't even own a home it's all at least semi-liquid and available for me to pull from. My fixed living cost are less than half my after tax income.
You a fukking financially irresponsible idiot and have always been.
Even my dumb car purchase the down payment was about near 80% the full value of the car and the monthly payment is under $155 a month.
The fact that I have a decent amount of disposable income I blow through doesn't mean I'm financially irresponsible at all.
Investing in my kids... they turned out to be regular nikkas