What is the biggest financial mistake you made in your twenties?

[root_eruditorium_org]

Bought an old beat up condo outside of DC where I was paying$1800 (it was on the top floor) plus $600 in condo fees per month because someone told me it was better to buy than rent an apartment


I stopped paying my mortgage after about 8 months.. That place was absolute trash

ya this is the risk of buying. people are always saying that "you should invest in real estate" but in order to get solid returns on your investment you have to do your homework. Condo fees are something to watch out for when buying a condo. My pops hipped me to that.

 

[root_eruditorium_org]

using bittorrent and getting fined 5000€

Whats good in Germany breh? I thought the EU didn't care about copyright, piracy and stuff? What did you download?

 

[hashmander]

Naw mines are federal on the myfedloans website. I'll call them up and ask about pay as you earn

Payment Plans - FedLoan Servicing

 

[Reid2Achieve]

Not saving or investing. I'm looking to begin making up for that before I reach my 30s. Luckily I have avoided any major financial damage.

 

[GunRanger]

i didnt get a real job for a long ass time

i didnt save as much as i should have, and i didnt invest earlier even though i had all the information to do so.

i would go to the movies pretty much 3-4 times a week. I spent at least 1k+ going to movies over a 2 year span by myself

i let my parents fukk me with my credit.

I also have to say till this day

I spend my money on say a club sandwich or mom and pops breakfast place, even though I have a ton of food in the refrigerator and freezer

I purposely leave my money at home if I go out to exercise or visit a friend place

yes. i spend way too much on food. It's my only source of happiness though

 

[JetFueledThoughts]

I think I'm living my mistake right now actually. I'm 25 and making good money but I don't think I'm taking the task of paying down my credit very seriously. It's been stagnant for almost a year now and I know when it's paid off I'll be feeling

 

[who_better_than_me]

Not exploiting the wmata accident I was involved in. Bus had an accident and i was ok. But becaus i was on my way to some p*ssy, i rushed away from the scene to still get it. Ppl on that bus was getting 6 figure settlements and i know they werent all hurt. One old nigguh peed on himself after the accident and said "cha-ching".


That chasing p*ssy thread is the truth

 

[unit321]

Probably lending my friend 2k.
Let's share...

Getting a personal loan instead of an auto loan for a used car purchase. The interest rate would have been lower.
I just didn't want a lien on the car so the title was clean and in my name.

 

[unit321]

Not exploiting the wmata accident I was involved in. Bus had an accident and i was ok. But becaus i was on my way to some p*ssy, i rushed away from the scene to still get it. Ppl on that bus was getting 6 figure settlements and i know they werent all hurt. One old nigguh peed on himself after the accident and said "cha-ching".

That chasing p*ssy thread is the truth

Faking an injury to get a civil law suit settlement would have been the wrong thing to do. Your conscience is clear from that.

 

[mson]

i didnt get a real job for a long ass time

i didnt save as much as i should have, and i didnt invest earlier even though i had all the information to do so.

i would go to the movies pretty much 3-4 times a week. I spent at least 1k+ going to movies over a 2 year span by myself

i let my parents fukk me with my credit.



yes. i spend way too much on food. It's my only source of happiness though

How long did you wait for the job.

 

[GunRanger]

How long did you wait for the job.

like 4 years

 

[mson]

like 4 years

What were you doing?

 

[GunRanger]

What were you doing?

wasted time in community college for a bit, then after that, nothing. Just helping my grandmother, watched movies, and doing nothing

 

[Crayola Coyote]

Yikes

I went thru $180K from a trust within 3 years starting when my mom died (I was 19). No job, smoking weed 24/7, buying whatever I wanted, it was great....


Then reality drop kicked me in the fukking face when that money ran out

Im like about $15K in debt now, just starting a sales job to help with that but I don't think I'll be making enough money yet to pay next months bills . Got a boo & 3 year old girl to provide for on top of my dog and I ain't EVER had this kinda pressure in my life. I went from living with my mom, to her dying, and living nice, to swiftly going broke & struggling with my own lil family. Luckily I had great credit to hold me off for the time being but it's getting lower.
My credit score was like 760 & now it's 644

If I could go back I would've been a little more conservative with the impulse buys & maybe should've found a nice lil part time gig or something. Definitely shoulda been more on top of my month-to-month spending & monitored my budgeting. My whole goal was to move across the country & be a rapper (cliche, I know) & start building a buzz with my then-plentiful time & resources, but I didn't even finish my mixtape how I wanted before running out of money . I know I've got talent, charisma and blah blah blah but ultimately, the game ain't going nowhere so I just gotta hustle up and get this money to put myself Ina better position. Silver lining is that at least I'll resonate with the people more. That struggle-comeback story is a lot more appealing to most than some trust fund kid tryna "reach the people" I guess


Wish me luck brehs I went from buying halve ounces every couple weeks to scraping up change for a couple grams to split with my girl on 420

Blew through $180K ... You gotta be White tell me you ain't black..

 

[Splash]

University, got an electrical engineering degree I have never used
Them credit cards

Almost debt free now