What's the dumbest thing you did financially in life so far?

stealthbomber

stealthbomber

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winb83 said:
but our economy is built on the idea of people going into debt. there's actually not enough money in circulation to pay off all debt. banks only have to have 10% of their deposits on hand and all the rest of the money is basically invented out of thin air. just some credit on a computer screen.
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yup, the system is rigged for people to fail. banks want you to get a credit card and rack up as much debt as possible. and you spend the next 50 years paying interest.

the idea of credit cards doesn't make sense to me. if your living within your means, there's no incentive to own one. in fact, i'd argue its against your interest to have one. not only do you have to pay for what you can't afford, but you have to pay the bank interest and whatever fees they charge.

generally i tend to stay away from banks, except for my debit card. but i have most of my money in cash anyway. maybe when i get older and start a family ill get a credit card, but pay that shyt off asap.
 
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pbconnect

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buying alot of lottery tickets (but I swear one day I'm gonna hit the big one)

getting about $20000 in credit and wasting $16000 of it on bullsh!t that I can't show for it now.
 
kevm3

kevm3

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ran up the cc to over $3,500. Finally got it paid off this month though.
 
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ThumpDaddy

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EVILRICO said:
What happened?IRS :pacspit: was trying to fukk with me.:smugfavre:
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Egomaniacal1 said:
The gat dayum Iya aRa S...tell me what happened brehs??? I think a nikka might get audited and i been steady claiming kids from my ex for the better part a decade. I think they closin in :to:
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Man, at the time I had a sorry baby momma that couldn't (or wouldn't) keep a job. I had rent, 2 car notes, insurance, all the bills stacked up on me so I went exempt to try and catch up. Well, I did it for few years here and there. I knew :ufdup: The messed up part is that I was on a payment plan to pay them back. Then for about a year it was going good, then they stopped it for some reason. I called them and they wanted to redo the agreement and wanted me to pay 5 times more what I was paying. I got lawyer'd up but we didn't get the paperwork in fast enough. The day before Christmas Eve, them sons of bytches took $1,300 out my check. I looked at my paycheck stub and was like:why:Then a week later they got the paperwork. So now they take money out of every paycheck and I have to work every weekend to offset what they are taking out every week. It's gonna be another 3 years before the shyt gets paid off to. I know I did it to myself but it's a lesson learned, just an expensive lesson.
 
The Guru

The Guru

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I was in business with someone, i knew beforehand he was irresponsible. A hard worker but the type to let everything in life but grunt work stack up until it collapsed in on him. He ended up with so much personal debt that he tried snaking money out of the business and it got ugly. I got into it because i have always wanted to work with friends ever since i was a kid.

Other than that, i live very economical. Beneath my income easily. I don't miss/desire excessive material things.
 
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