What's your biggest financial regret? Yhup. Morning Brief. I even ended up selling the bike. When over 500 recent graduates were surveyed by Accounting Principals, they reported 3 big financial regrets about their college career (read the full report): They wish they had more actively pursued scholarships and financial aid. 3 months ago. Check it every once in a while to remind you to make better financial decisions. Came here to say this also. I bought right at the peak of the market. What's Your Biggest Financial Regret/Mistake? Back in November 2011 business was booming for me, and I had a huge paycheque (cleared $10k) and I went out and bought a brand new motorcycle with cash. was at a mediocre job working for the cast of Office Space and what seemed like good money when I first started never went up and eventually became "underpaid". And like the previous regret, at least I was able to learn from it. Me too. ... help Reddit App Reddit coins Reddit premium Reddit gifts. I'd love to leave my industry... if only I could find a job that pays comparably. Any maybe, just maybe you can learn from these people’s mistakes and avoid a regret to two. The only reason I left cause I went through a breakup and needed some change. It should come as no surprise that past financial mistakes weigh heavily on Americans' minds. Did you at least save a screen shot so you can post to r/wallstreetbets for instant mod status? There's more money out there. It wasn't that expensive for me, which was great because I was putting a ton of extra money into my student loans every month. Stay on top of your credit scores Check now Someone recently started a thread on Reddit asking “What is your biggest financial mistake/regret?” I posted a couple articles on our biggest mistakes in the past and so I perused the Reddit thread to see if our misery had some company. But think about why the rearview mirror is so small compared to the windshield—because you drive by looking forward, not backward! These seven financial regrets may keep you up at night - and for a long time, too. I've had a different job every single year since graduating 8 years ago. Rather than waiting till 65 and having regrets, would it not be better to take back control of your life sooner? Americans' biggest financial regrets: survey. The u/Financial-Regret-85 community on Reddit. TUNIS — A representative of the Polisario Front independence movement for Western Sahara said it “regrets highly” a U.S. decision to recognize Moroccan… Financial Freedom means you do not need to concern yourself about appearances or what others think about you. Those things really stick with you. My parents bought a $300,000 house in Las Vegas, Nevada in late 2006. We bought a house for 125, it's currently worth 80! I got a 6-figure job right out of college. Some economics grads warn that while the degree provides a strong theoretical groundwork, it fails to give a strong set of skills that can be used post-college. Reddit gives you the best of the internet in one place. However, I can't stop thinking about how much better my financial situation would be if I had that money. Within 3 years of leaving that company my salary had more than doubled, I picked up so many valuable skills, got exposed to new careers + got my bachelor's, and got myself out of depression. Then I got stuck there because I couldn't pay the loan and nothing transferred anyway. I keep hearing from jealous/stuck coworkers, "employers won't like how it looks if you jump around that often," but they keep hiring me for more money. I'm not dissing the good trade schools, but these useless diploma mills should be shut down. Financial regrets are like the bad boyfriend your parents warned you about, but you couldn't see it until it was too late. Think about regret like the rearview mirror in your car. If I wrote a book it'd be titled: "I Am Not Smarter Than the Market - A $177,000 Lesson". Press question mark to learn the rest of the keyboard shortcuts. one day I'm let go. That's how I justified the expense of the renovations. I graduated with 125k in debt and obviously lost another 55.5k as a cherry on top. The data come from a recent survey by Policygenius, which also asked about top financial … We asked some top money experts to share their biggest financial regret, and here’s what they had to say. Press J to jump to the feed. I could easily transfer my job to where she was living, but she couldn't do the same. I thought it was a good school when I enrolled and then I attended the classes and I couldn't believe how easy it was. I started renting an apartment almost immediately. I figured that if I met someone, they'd move into my place. couldn't handle the stress. Also, jobs are MUCH harder to find with a degree from a for profit school. Had a nervous break down and flunked out in second year. Not all regrets … Criminal justice degree. I graduated from the CAD program from ITT in 2001. We moved back into a mobile house in TX in 2008. As Dave Ramsey is known for saying, sometimes we need to pay a lot of “stupid tax” before we wise up. When you throw in the $50k worth of renovations and include things like condo fees and property taxes, I ended up blowing $100,000 on the stupid condo. My Biggest Financial Regrets (from a Person Who Never Regrets Anything) February 23, 2018 54 Comments. Way too much money for a degree that doesn't hold its weight. Even worse, I put $50k worth of renovations into it. At its core, FI/RE is about maximizing your savings rate (through less spending and/or higher income) to achieve FI and have the freedom to RE as fast as possible. Everyone faces some regrets, and financial regrets are common. Does anyone else have a financial decision/mistake that they deeply regret? But everyone makes financial mistakes at some point. I feel like such an idiot now, there are so many better things I wish I'd done with the money. Press J to jump to the feed. However, whether the financial event that you regret was your fault or someone else's, a time comes to let go of these regrets. 3. 1. After a while experience trumps education. In the end I'm grateful for the life experience of going to ITT and I wouldn't be where I am today, living comfortably with my wife and soon to be child in our own home. this might be the worst one, congrats I guess? Summary. A survey reveals some of our biggest financial regrets More than 1 in 5 Australians say poor financial planning is their greatest financial regret. Regrets for not saving are understandable — but because financial aid exists, you have to put retirement first. Today you will learn and understand the five circumstances that can lead to Financial Regret: Not having an emergency fund. After nearly a year of unemployment, I am finally working as an in-house graphic designer at a crappy place that couldn't care less if I earned a degree to learn graphic design or if I just taught myself. it's cliche, but that was the best thing to happen to me. They filed for bankruptcy later. Without investing – Blindly buying financial products. In this video you’ll get a behind the scenes look at the regrets I’ve made financially. But I don’t regret it. Same here. Therefore, I put the condo on the market less than 3 years after buying it. Pop singer Lily Allen (estimated net worth £6m) once turned down a BitCoin deal to play an online show worth an estimated £118m at today’s rates. Should have gone to state instead. TRENDING. NOW..... while the education did offer some skills, I could have gotten the same skill set at a community college for a quarter of the price. Our greatest investment feels like our greatest burden. I actually want to build a tumbleweed home. I once invested $1,000 in a stock I knew nothing about, and then lost all my money a year later. I'm a little late to the game though, and I fear that one enormous financial mistake in my … My dad got cocky and bought a $500,000 house in LV again after 7 MONTHS of buying the other house. worked there for nearly four years, half of which was spent trying to ratchet up the nerve to quit and do anything else, but, you know, fear and bills and stuff. Now, Which? I feel like such an idiot now, there are so many better things I wish I'd done with the money. 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