The worst financial decision you have taken
By Nnaemeka
@mydanods (6513)
Nigeria
March 16, 2018 10:40pm CST
We all take financial decisions every day. Some people like taking risks while some don’t. Whatever camp we fall in, at one time or the other, we have taken a financial decision that was later regretted.
So, mylotters, what finance decision have you taken that later turned out to ruin your day or you regretted and would never forget?
8 people like this
9 responses
@Starmaiden (9311)
• Canada
17 Mar 18
My worst financial decision was playing the slots at the local casino. It turned into a full blown gambling addiction and I lost everything, including my relationships with my daughters. Had I been wise then, I could have had a house, a car, everything I needed plus money in the bank to travel. :-(
2 people like this
@Starmaiden (9311)
• Canada
17 Mar 18
@mydanods Correct. I have overcome my addiction and regained my daughters trust and relationships. :-)
1 person likes this
@LeaPea2417 (37355)
• Toccoa, Georgia
17 Mar 18
Buying a Whole Life Insurance Policy. It was a scam and later we heard from that Financial Guy named Clark Howard , that Whole Life Insurance Policies are not good. I wish we had heard it before.
2 people like this
@Starmaiden (9311)
• Canada
17 Mar 18
I will never purchase insurance of any kind. I think it is ALL a scam.
I hope you have recovered from your loss.
1 person likes this
@toniganzon (72281)
• Philippines
17 Mar 18
Buying something expensive that I never got to use.
1 person likes this
@mlgen1037 (29886)
• Manila, Philippines
17 Mar 18
Putting money in a business wherein your partners will just cheat on you and rob you with the profits. 
1 person likes this
@mydanods (6513)
• Nigeria
17 Mar 18
@mlgen1037 That's good. Experience is the best teacher.
1 person likes this
@mlgen1037 (29886)
• Manila, Philippines
17 Mar 18
@mydanods yes. I learned a lot from the experience and eventually moved on.
1 person likes this
@jobelbojel (35633)
• Philippines
17 Mar 18
Taking risk would take careful planning. Financially speaking, I haven't ran into making major decisions in life.
1 person likes this
@JudyEv (340200)
• Rockingham, Australia
17 Mar 18
We bought into a farm machinery business with some others and eventually had to walk away with nothing as our partners had their farms on the line. We had put in cash. But it's all good now and we're still friends with those people.
1 person likes this
@deba12 (2946)
• India
17 Mar 18
I was looking for such a topic and here it is.
Yes, I have made a worst financial decision recently. I have given almost inr125ooo to a club for membership and now they are not receiving any calls and not bothering to tell us about their facilities too. Don't know whether we can get back the money.
1 person likes this
