What's the worst financial mistake you ever made?

acri1

The Chosen 1
Supporter
Joined
May 2, 2012
Messages
27,114
Reputation
4,813
Daps
124,658
Reppin
Detroit
Too much money sitting in my money market account when I'm sure I'd be making way more interest if I put it in a mutual fund.

I've just never really trusted stocks. Might be because gambling problems caused issues in my fam growing up, so I just feel uncomfortable taking chances with money. Going to get on that this year for sure though regardless.
 

Sonic Boom of the South

Louisiana, Army 2 War Vet, Jackson State Univ Alum
Supporter
Joined
May 1, 2012
Messages
84,523
Reputation
25,390
Daps
306,472
Reppin
Rosenbreg's, Rosenberg's...1825, Tulane
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.

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.
This thread was made by YOU about YOU and your numerous bad financial dumb ass decisions. :dead:
 

Moesha’s Overbearing Dad

Go to your room Miles
Joined
Jun 16, 2012
Messages
1,138
Reputation
440
Daps
4,679
Reppin
410
Idk if it was a bad decision or not but I got fired from a call center back in like 2015… I was on my Wire shyt juking stats as a supervisor. I knew it would catch up to me. Essentially.. our system only recorded 4 calls a day at random for Quality Assurance. I had access to the database for my team. Once I seen the 4 calls got recorded we had a code word ‘Farve’ :mjlol: That meant start doing whatever you had to do to get them off the phone under your handle time.. fam we was winning awards … getting pizza parties.. gift cards.. tickets to nba games… but I had a new team member come and was all ‘let’s do it by the book’ ass bih so somehow word got out.. so I got let go

Long story short.. this job was notorious for denying people their unemployment benefits so I got denied… luckily I had participated I the employee stock purchase program along with my 401K… I pulled ALL of that shyt out.. it was like 40K at the time.. this was when the company stock was at an all time high.. today it’s probably worth nothing.

Idk if it was a smart move looking back.. I believe you could transfer your 401k and I think that’s what i should of did… but cashing out on them stocks was the smart move

Idk how to spoiler the company name but fukk it

Dish Network
 

winb83

Manchild
Supporter
Joined
May 28, 2012
Messages
50,326
Reputation
4,431
Daps
75,250
Reppin
Michigan
This thread was made by YOU about YOU and your numerous bad financial dumb ass decisions. :dead:
The initial post in this thread is from 9 years ago and speaks to stuff that’s at least 16 years old. Was the you of almost 2 decades ago as financially responsible as the you of today?
 

Sonic Boom of the South

Louisiana, Army 2 War Vet, Jackson State Univ Alum
Supporter
Joined
May 1, 2012
Messages
84,523
Reputation
25,390
Daps
306,472
Reppin
Rosenbreg's, Rosenberg's...1825, Tulane
The initial post in this thread is from 9 years ago and speaks to stuff that’s at least 16 years old. Was the you of almost 2 decades ago as financially responsible as the you of today?
Yes, I was financially responsible then and now.
The stupid shyt is your post history is always on some financial advice shyt.

You have beaucoup post talking down home ownership, saying it is a stupid financial decision yet yo dumb ass constantly made dumb ass financial decisions. :camby:
 

Stuntone

Louisiana Made, DC PAID!
Joined
May 9, 2012
Messages
19,790
Reputation
6,243
Daps
94,800
Reppin
IT Cert-Gang Mafia, GMB and HOH
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.

Credit cards are hell to pay off.

I've been at 10k twice, 20k once, hit a lick and to give all up to the credit care. Was at 33k just getting it down to 1800 right now. Should be 0 balance at the end of the month.
 

winb83

Manchild
Supporter
Joined
May 28, 2012
Messages
50,326
Reputation
4,431
Daps
75,250
Reppin
Michigan
Yes, I was financially responsible then and now.
The stupid shyt is your post history is always on some financial advice shyt.

You have beaucoup post talking down home ownership, saying it is a stupid financial decision yet yo dumb ass constantly made dumb ass financial decisions. :camby:
Congratulations on being a perfect human being that has no need to discover grow and learn. The me of my 20s isn't the me of my 40s and that's the same for most people.

Again I don't talk down on home ownership. I'm speaking to basic math and putting it out there that there are in fact ways to live other than brainlessly following conventional wisdom that says you buy a home because that's what you do.

Again I've posted my net worth on this site. You wanna lecture me where's yours? On a low income I've done decent for myself.
 
Top