Anonymous
09/02/2018 07:55
Subject: s/o the worst financial decision you made
Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:Marrying for “love”, not money.
same.
same same.
Could someone who feels this way elaborate? Is money actually tight? Or do you just wish things were easier?
I can answer this. I had the opportunity to marry an NBA player but I just didn’t love him. I married a man I love and he makes great money ($120K) but we have two kids and need to save for things like a deck and vacations. Wouldn’t have needed to do that with NBA millions each year. So it’s not that I picked the wrong person but if I had chosen strictly for money - financially (even with a divorce) I’d have more money to my name. FWIW - DH tells me he’d keep the kids and be my side piece of I could funnel a couple of million his way annually
Anonymous
08/27/2018 15:47
Subject: s/o the worst financial decision you made
Anonymous wrote:Anonymous wrote:Anonymous wrote:Marrying for “love”, not money.
same.
same same.
Could someone who feels this way elaborate? Is money actually tight? Or do you just wish things were easier?
Anonymous
08/27/2018 15:18
Subject: s/o the worst financial decision you made
Buying a Used Mercedes with high miles. All the money I wasted in repairs that could have been used on hookers and blow.
Anonymous
08/27/2018 14:56
Subject: s/o the worst financial decision you made
Not buying a Logan Circle rowhouse for $300K in 1999.
Anonymous
08/27/2018 14:50
Subject: s/o the worst financial decision you made
Didn't take over my husband's investments (i.e., make the decisions about where to invest it) when he asked me to. I didn't want the responsibility. But his choices have been worse than anything I could have chosen--options, bad all-or-nothing market-timing, etc. I've done very well in my IRAs with stocks and mutual funds--but he had a lot more principal to work with.
Anonymous
08/27/2018 14:47
Subject: s/o the worst financial decision you made
Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:Marrying for “love”, not money.
same.
Make your own money
Harder to do when you have the burden of having children.
1. you chose that burden.
2. you weren't born with kids so did you make any money before having them?
I make over 200k per year. My husband isn’t able to have kids so to procreate and have a family the burden was on me. I had to recover from childbirth and he did not. I felt exhausted during pregnancy and he did not. I had to get up to feed a baby and he did not.
Anonymous
08/27/2018 14:42
Subject: s/o the worst financial decision you made
Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:Marrying for “love”, not money.
same.
Make your own money
Harder to do when you have the burden of having children.
What does that even mean? I have two kids and make more than DH and he makes a decent salary.
Anonymous
08/27/2018 14:34
Subject: Re:s/o the worst financial decision you made
Anonymous wrote:Depends on how you look at it, but going in blindly into a co-ownership with an aunt without clearly outlining the terms for what to do with it when I got older. Did this at 22 years old, was single and very focused on career and had good credit, just out of school. Now, 15 years later, I'm married, still good career, good credit and new parent and need to make changes for living arrangements. Aunt does not want to discuss what to do with place-- I paid mortgage, fees, repairs all 15 years, she only paid the downpayment. I'd like to get some of that money out for my future and do not want to be financially tied up/on the hook. Aunt won't talk to me about this at all. Wrangling is now in my future.
It's a good financial decision if you do it with someone who is reasonable; this is a bad financial decision if you're dealing with someone who isn't.
Are you on the deed?
Anonymous
08/27/2018 13:16
Subject: s/o the worst financial decision you made
Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:Marrying for “love”, not money.
same.
Make your own money
Harder to do when you have the burden of having children.
1. you chose that burden.
2. you weren't born with kids so did you make any money before having them?
Anonymous
08/26/2018 08:26
Subject: s/o the worst financial decision you made
Anonymous wrote:Anonymous wrote:Anonymous wrote:Marrying for “love”, not money.
same.
Make your own money
Harder to do when you have the burden of having children.
Anonymous
08/26/2018 08:21
Subject: s/o the worst financial decision you made
Anonymous wrote:Anonymous wrote:Marrying for “love”, not money.
same.
Make your own money
Anonymous
08/24/2018 16:00
Subject: Re:s/o the worst financial decision you made
Anonymous wrote:Man. All the financial regrets.
My top ten:
1. Fighting with my dad and getting cut off in the middle of my freshman year of college
2. Not taking my mom up on her offer to help me buy a house in DC in the mid 2000s (" ... but mom, I want to live on campus with my frands. Dumb.)
3. Taking out a bunch of student loans
4. Getting a bunch of costly forbearances on said loans
5. Working as a peon for a nonprofit for far too long
6. Not contributing to my 401k sooner
7. Never negotiating for a higher salary
8. Not getting married at the justice of the peace
9. Getting a dog from a shit rescue with a ton of health problems
10. Buying a house near a not so great school
I won't admit this to DH but I think this is one of mine too. We didn't have a fancy wedding by any means but it still cost close to $20k. Could have put that towards a house downpayment and bought a year earlier when prices were still rebounding from the crash and relatively low. All for a party that was fun but just not really necessary.
Anonymous
08/24/2018 15:53
Subject: s/o the worst financial decision you made
Anonymous wrote:They need to teach personal finance in schools. I was so ignorant for so long.
+1000. I think my biggest regret is just not being savvy about money, saving, and spending until well into adulthood. I listened too much to my parents (sure you can pay back these student loans! It's much better to lease a new car than buy used because you never know how much trouble it will give you!) instead of educating myself. I never got into serious credit card debt or anything but just spent too much on frivolous purchases and didn't start saving for retirement early enough. I'm making my kids take a personal finance class even if we have to go outside public schools to do it.
Anonymous
08/24/2018 14:57
Subject: Re:s/o the worst financial decision you made
married someone from an UMC family who, after 2 yrs of looking, insisted there were no homes for less than $1.5M that she liked/wanted to raise a family in, yet she only contributes $90K/yr to our HHI.
Anonymous
08/24/2018 14:46
Subject: Re:s/o the worst financial decision you made
1) didn't really start putting any meaningful $ into my 401K until I was ~34 years old
2) blew through an inheritance of $100K on things I didn't need in my late 20's (including a $55K car, a super expensive 2 week vacation in Europe (basically all first class), a composite deck for a townhouse I ended up selling at a loss... and so on). Again, while only contributing 2-3% of my paycheck to my 401K.
3) giving in to the DC pressure to buy an expensive home just because our friends were all buying $1M homes.
2) blew through an inheritance of $100K on things I didn't need in my late 20's (including a $55K car, a super expensive 2 week vacation in Europe (basically all first class), a composite deck for a townhouse I ended up selling at a loss... and so on). Again, while only contributing 2-3% of my paycheck to my 401K.
3) giving in to the DC pressure to buy an expensive home just because our friends were all buying $1M homes.