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Abraham 1 year ago
Well I've got one that's not nearly as bad (financially) but looking back has caused me tons of problems. Getting a degree in something that you're good at (and at the time had plenty of jobs) but that you hate doing. Trust me going to work everyday to a career you hate isn't worth the paycheck (unless you make enough to retire after a couple years, which I didn't)...
       
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"My cousin spent 100% of her inheritance and took out a lien on her home to buy a 2nd home in the mountains… thing is it was being pushed over by a mountain…and they thought they could fix it… I went and seen it and every door jam was crooked and the doors wouldn’t shut.. They took me down into the basement and they were trying to use I beams to “stop the mountain from pushing on the home”. I was just like “what the hell are you doing, that won’t solve anything” fast forward 6 months and they asked me for 50k to help and I declined.

Fast forward a year and the home collapsed and now they owe over 300k+ for a home that doesn’t exist and if they don’t make the payments they lose their other house too because they used the original home as collateral and could not get insurance on the 2nd home..total money lost upwards of 700k."

 

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Financial Disasters: People Recall Their Worst Money Moves
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