Home Forums Hunting & Shooting Hunter's Campfire Worst financial decisions?

Never take financial advice from anyone still working after age 50, only take diet or exercise advice from someone in tip top shape over 70

Looking back over years past, my poorest financial decisions were not making investments I should have.

Have a buddy who says never to go into partnership with someone who has less to lose than you.

That applies to business and relationships.

25motorcycles17pickups6Jeeps7SUVs7ATVs20cars6boats300guns2wives

I won't make one or 2 of those mistakes again.

I guess I'd say I waited too long to get into real estate. I should have bought some rental property or some farmland earlier in my life.

Wife and I bought our "starter home" at the absolute height peak of the real estate bubble. 5 years later it wasnt worth 50% of what i paid for it because there were 20 empty houses within blocks. I sold it a few months ago at a $45,000 loss from what we paid and was thrilled to be rid of it.

I remember people standing in line to get 15% home loans. It went even higher for a while.

Sold my radon mitigation business in South Dakota and relocated to Pennsylvania. Eleven years later, I'm semi-retired in Florida. So it goes.

Sherwood

I could have married a girl that owns a couple of car dealerships. I made a poor decision when I broke up with her.

I've watched too many Bill Kurtis shows to put myself through that.

Me too, this last run up in realestate has been nuts. I sold everything but the house I live in, so it will probably continue to go up . My plan is to buy/build muti family if the market cools a bit.

None, I knew I would screw up, the reason I piled it up and turned it over to people with a brain ; ]

^^^^^^^^*
This!

Student loans, credit cards and new cars when we were young. By the time we were in our mid-twenties, we had almost 100k in debt all-in. I did a pre-Dave Ramsey war with our debt and sold almost every gun I owned and anything else people would buy, cut cable, didn't have cell phones and packed our lunches and didn't eat out and we were out of debt except for our house by our early 30s and haven't carried a balance on a credit card ever since.

1. Reloading
2. Any BG rifle that’s not a 30-06

Me too.

I'm still married to her.

Yeah because anyone working after 50 is a moron.

Bought 20 acres in Montana to retire on. Changed our mind 10 years later, after the value of the land crashed. Lost six figures.

Unless work is more like play.

My biggest mistake was trusting my Ex with the finances, and not asking questions about major discrepancies.