When you are in debt, you are a slave to the person or institution that is lending you the money. Here are some stories about really bad financial decisions from people on AskReddit. Unfortunately, this happens to a lot of good folks out there who made a bad money decision for one reason or another…and the aftermath can be pretty ugly. That’s great! Chelsea will get ~non-public~ this week and takes a tour by just a few of her worst financial errors and the best way she overcame them! I was making good income and I could have earned a lot more if I continue to work. I decided to remove a tenant of my Indianapolis property, and the property has gone unrented for the last four months. The coronavirus crisis is stretching into its ninth month — and the pandemic is still weighing heavy on the minds (and pocketbooks) of many Americans. My finances are finally moving in the right direction after years of dumb decisions. 0. Host Dave Coyne leads the audience through an exploration of what behavioral economics has to tell us about how and why we spend, save (or don’t) and think about money. This is … Chronicle Reporter. 0. In the 1920s, if you were "going to see a… Here are the best and worst financial decisions that we have made in our life. Retiring early is definitely my worst financial decision. Self-made millionaire Grant Sabatier says that buying a new car is "one of the worst financial decisions that you can make in your life." VIEWS. Motorola doesn’t do smartphones. Owning airplanes was the worst financial decision I ever made but I would do it again. You don’t have to check-off each one of these as this is a personal account of the worst financial decisions you’ve ever made. Chelsea will get ~non-public~ this week and takes a tour by just a few of her worst financial errors and the best way she overcame them! So you’re gonna buy that dream home now. My 7 Worst Financial Decisions. Even if you don’t get into debt, overspending is still a problem. The best way to create wisdom is through experience. Chelsea will get ~personal~ this week and takes a tour by only a few of her worst monetary errors and one of the best ways she overcame them! Below are the ten worst financial decisions you can make in retirement. © Bettmann/CORBIS. Bad business decisions result in financial loss. The Worst Financial Decisions One of the worst things that you could do for your finances is to get into bad debt. The worst: Buying a variable life insurance policy when I was in my early 20’s. The money spend on a … Snoozing Motorola. We could have saved and invested all of my income and gave a big boost to our net worth. October 20, 2020. Biggest regret is investing in a business with no experience.” — Norma Zamora LOTS of pleasure but planes are made for people who can not get enough punishment owning a boat. There is no question we would have been better off financially. Business Finance. Motorola was one of the biggest mobile phone manufacturers in … The Worst Financial Decisions Clients Can Make in a Recession TPC’s Jude Boudreaux, CFP® was recently quoted in Financial Planning for his advice during uncertain times. My 7 Worst Financial Decisions. Your career is your most important financial asset. Failing to get pre-approved. $1.30/share dividend. Oh — and what was your worst financial decision? The Best and Worst Financial Decisions That You Can Make! SHARES. Our editors relied on Fortune magazine’s annual list of the largest 500 companies ranked by revenue to identify the companies that were the biggest in America and, as a result, capable of losing the most money. A bad financial decision also could be the result of a toxic relationship that sucks the joy out of life and the money from your bank account. Putting Off Saving for Retirement. Hindsight being 20/20, my personal worst decision was purchasing a home in 2007… only to lose a significant amount of its value in 2008 when financial markets took a nosedive. by Tim Hartwell. Some mornings, it just does not feel worth it to chew through the straps!~ Re: Worst financial decisions? Hindsight being 20/20, my personal worst decision was purchasing a home in 2007 … only to lose a significant amount of its value in 2008 when financial markets took a nosedive. And then I remember that few of these companies or … 0. Other bad financial decisions that might be hanging in your closet which could have been avoided. 1. Share on Facebook Share on Twitter. Chronicle Reporter. Part of me feels bad playing the armchair quarterback and making fun of these companies for making what turned out to be colossally bad business decisions. In my early 20’s still a problem mix economics with Psychology does not feel worth it to through! 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