Comments on: The Worst Financial Mistake You Didn’t Make

By: Ryan @ IQ test

Ryan @ IQ test — Thu, 21 Jan 2010 19:23:44 +0000

The worst financial decision I didn’t make was paying too much for an engagement ring. That stuff costs a ton of jack.

By: funnyaboutmoney1

funnyaboutmoney1 — Mon, 23 Mar 2009 23:33:10 +0000

@ Bret: Awesome! Now…if you can just avoid copurchasing an interest in “toxic” products along with the taxpayers, you’ll have it made. On the way home from work, I heard the manager of a supposedly conservative fund into which I moved a bunch of 403(b) funds rhapsodizing about the idea. {sigh} I’ve given up worrying about investments: there’s no point in it.

By: Bret

Bret — Mon, 23 Mar 2009 21:51:18 +0000

The worst mistake I didn’t make was buying silver futures.

I had a telemarketing broker call me and try to talk me into buying silver futures. He wanted me to cash out my IRA account and send him the money.

When I told him “No way”, he told me I had missed out and hung up on me.

I still have the IRA account. I’m sure the futures would have expired as worthless.

By: Learn The Basics of Investing - Edition #197 of Carnival of Personal Finance

Learn The Basics of Investing - Edition #197 of Carnival of Personal Finance — Mon, 23 Mar 2009 02:17:57 +0000

[...] Funny About Money talks about the worst financial mistake you didn’t make. [...]

By: Weekly Dividend Investing Roundup - March 21, 2009 | The Dividend Guy Blog

Weekly Dividend Investing Roundup - March 21, 2009 | The Dividend Guy Blog — Sat, 21 Mar 2009 11:02:09 +0000

[...] worst financial mistake you didn’t [...]

By: Chance

Chance — Fri, 20 Mar 2009 17:59:36 +0000

The worst financial mistake I DIDN’T make was to take a shady subprime mortgage and buy a house at the top of the market three years ago. The papers were all prepped, the interest rate was monstrous, there was a ballon payment, the kids were stoked to move, the house was gorgeous.

My fundamentally conservative (in the prudent, not the political sense) nature saved me, I backed out, deeply disappointing the kids and my partner. We’re still in a rental, but at least I helped us avoid the trauma of foreclosure. Because it would have happened or at the very least we would have be very upside-down and despairing.

By: funnyaboutmoney1

funnyaboutmoney1 — Thu, 19 Mar 2009 19:42:42 +0000

Good for you, Fabulously! What a scary thing to do…like strapping on a paraglider and jumping off a cliff. Glad to hear it worked!

By: Fabulously Broke

Fabulously Broke — Thu, 19 Mar 2009 18:46:09 +0000

The worst financial mistake I DIDN’T make, was to stay at my job rather than quitting (the way I did).

I quit, became a freelancer and am much happier and freer.

Even people in real life/readers on my blog thought I was bonkers.

Glad I didn’t listen to the naysayers.

Only BF as my 100%, sole supporter to quit.

Love the blog already

Fabulously Broke in the City
“Just a girl trying to find a balance between being a Shopaholic and a Saver.“

By: funnyaboutmoney1

funnyaboutmoney1 — Thu, 19 Mar 2009 15:28:55 +0000

Yay! I can’t wait to read it!

I, too, am glad I bucked my financial guru’s advice and paid off the house. “You are overinvested in real estate” translates to “I have roof over my head that costs me all of $200 a month.” Phptthbtphfff!

By: frugalscholar

frugalscholar — Thu, 19 Mar 2009 14:08:51 +0000

Oops–I see I didn’t read the instructions. Will post/link later.