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What was the biggest mistake you ever made with money

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245

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    #32
    hairyslug
    Registered Users Posts: 2,589 ✭✭✭hairyslug


    Taking an extra months wage every 6 months instead of the equivalent value in shares in a company that sold for 3 times the value of what the shares were worth was also a bad decision


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    #33
    charleville
    Registered Users Posts: 146 ✭✭charleville


    Food... all my money pretty much goes on food


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    #34
    ahlookit
    Registered Users Posts: 1,710 ✭✭✭ahlookit


    hairyslug wrote: »
    Taking an extra months wage every 6 months instead of the equivalent value in shares in a company that sold for 3 times the value of what the shares were worth was also a bad decision

    Foregoing bonuses and putting a chunk of every months salary into a share scheme in a company I worked for .... I worked in a bank...


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    #35
    beggars_bush
    Registered Users Posts: 4,394 ✭✭✭beggars_bush


    Putting savings into a bank, instead of putting it into a proper financial investment savings product


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    #36
    OldMrBrennan83
    Closed Accounts Posts: 26,658 ✭✭✭✭OldMrBrennan83


    This post has been deleted.


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    #37
    timmy880
    Registered Users Posts: 306 ✭✭timmy880


    Gambling throughout my 20's was really the biggest mistake.


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    #38
    smurfjed
    Registered Users Posts: 10,077 ✭✭✭✭smurfjed


    Opening an Irish Bar in Bali..... closing it 3 years later :)


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    #39
    the evasion_kid
    Closed Accounts Posts: 2,740 ✭✭✭the evasion_kid


    Starting a business in Ireland..


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    #40
    AlmightyCushion
    Moderators, Education Moderators, Technology & Internet Moderators Posts: 35,060 Mod ✭✭✭✭AlmightyCushion


    Back when bitcoins were relatively new there was a bit of a buzz about them on all the tech sites. I decided I'd try mining them. At the time, because they were so new, they were quite easy to mine and I had a high end PC so could have mined quite a few coins. My dad also had a couple of PCs in his office that were pretty powerful as well so I could have used them as well. I spent a bit of time trying to get it working but struggled with it a bit and gave up. I said to myself I'd come back to it another day. Of course, I never bothered and now they're worth a grand a bitcoin. I could have made a small fortune by now if I had stuck with it.

    Saying that I probably would have cashed out when they were only worth a few dollars and I'd be posting here giving out that I had sold a load of them when they were worth $5 a piece.


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    #41
    omb0wyn5ehpij9
    Closed Accounts Posts: 16,095 ✭✭✭✭omb0wyn5ehpij9


    Spending far too much money on motorbike insurance. I started on a moped and got the bug and just wanted bigger and bigger bikes. In the space of 5 years, I had 4 different bikes, and spent a total of 13k on insurance alone (the first year was fully comp, the remaining years were third party only) :(. I somehow managed to pay for all that insurance while working part time in college :confused:


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    #42
    weldoninhio
    Closed Accounts Posts: 14,311 ✭✭✭✭weldoninhio


    The Raptor wrote: »
    Bank loan, credit card, car loan, laptop loan. They really were throwing money at you during the Celtic tiger. Never again.

    Because self restraint was sooooo over-rated.


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    #43
    Toots
    Administrators, Business & Finance Moderators, Society & Culture Moderators Posts: 16,909 Admin ✭✭✭✭✭Toots


    ahlookit wrote: »
    Foregoing bonuses and putting a chunk of every months salary into a share scheme in a company I worked for .... I worked in a bank...

    I think we worked in the same bank. Makes me very depressed to see what my shares are worth now compared to what I paid for them.


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    #44
    ahlookit
    Registered Users Posts: 1,710 ✭✭✭ahlookit


    Toots wrote: »
    I think we worked in the same bank. Makes me very depressed to see what my shares are worth now compared to what I paid for them.

    Just waiting for that 50-fold increase in share price. To just break even. Any day now...


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    #45
    .......
    Closed Accounts Posts: 9,057 ✭✭✭.......


    This post has been deleted.


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    #46
    tayto lover
    Registered Users Posts: 51,652 ✭✭✭✭tayto lover


    timmy880 wrote: »
    Gambling throughout my 20's was really the biggest mistake.

    Hope you finished gambling.
    One of the greatest addictions of all.
    You could lose a hundred thousand in a few minutes.
    I knew a guy years ago who owned a whole street inc the bookies. He ended up emptying ashtrays and sweeping the floor in it.


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    #47
    ytpe2r5bxkn0c1
    Closed Accounts Posts: 32,688 ✭✭✭✭ytpe2r5bxkn0c1


    Holding on to Eircom shares was my one and only mistake with money.


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    #48
    Fuzzytrooper
    Moderators, Arts Moderators Posts: 896 Mod ✭✭✭✭Fuzzytrooper


    Boards membership annual subscription. Must cancel that direct debit


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    #49
    Lurker1127
    Registered Users Posts: 7 ✭Lurker1127


    I loaned people money.



    Don't ever lend people money.


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    #50
    RayM
    Closed Accounts Posts: 7,973 ✭✭✭RayM


    Three words: MiniDisc Player. 2005.


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    #51
    larrykinney
    Registered Users Posts: 107 ✭✭larrykinney


    Me too (2003) used it a handful of times, now gathering dust :-(


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    #52
    The flying mouse
    Closed Accounts Posts: 1,915 ✭✭✭The flying mouse


    1994, A woman who lived beside my Mothers house died, her only son lived in USA & wasn't interested in house & told my mother she could have it for 13k.I easily had that then & my mother asked me would I buy it, Idiot me never got around to it & it was still sold relatively cheap for 20k. In Celtic era it went up as far as 360k, its down back to about 180k, I am stamping these keyboard as I type this :-(


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    #53
    wotzgoingon
    Registered Users Posts: 14,309 ✭✭✭✭wotzgoingon


    The flying mouse wrote: »
    1994, A woman who lived beside my Mothers house died, her only son lived in USA & wasn't interested in house & told my mother she could have it for 13k.I easily had that then & my mother asked me would I buy it, Idiot me never got around to it & it was still sold relatively cheap for 20k. In Celtic era it went up as far as 360k, its down back to about 180k, I am stamping these keyboard as I type this :-(

    Wow, you would have been able to buy a house in a nice area during the bust and have no mortgage to pay.


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    #54
    MyPeopleDrankTheSoup
    Registered Users Posts: 2,720 ✭✭✭MyPeopleDrankTheSoup


    AlmightyCushion wrote: »
    Saying that I probably would have cashed out when they were only worth a few dollars and I'd be posting here giving out that I had sold a load of them when they were worth $5 a piece.

    yep, same for OP. we would have already cashed out ages ago. i first heard about bitcoin in early 2013 when they were $30 and bought a few. the minute they hit $100, i cashed out, delighted with myself. i don't really think about it

    i'm pretty good with money usually, there's nothing i really want. my biggest mistakes are when i'm drunk! the minute the sauce hits, i'm buying expensive drinks for everyone and flashing teh cash like a loon.

    drunken poker in the casino after the session is where i've made my biggest mistakes. fair depressing waking up with the hangover next day and checking the balance!


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    #55
    ytpe2r5bxkn0c1
    Closed Accounts Posts: 32,688 ✭✭✭✭ytpe2r5bxkn0c1


    Lurker1127 wrote: »
    I loaned people money.



    Don't ever lend people money.

    When I lend money I do so not expecting to actually get it back, so if I do it's a bonus.


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    #56
    368100
    Closed Accounts Posts: 2,067 ✭✭✭368100


    Engagement ring for a wedding that never happened


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    #57
    corner of hells
    Registered Users Posts: 8,363 ✭✭✭corner of hells


    Did some contract work for a "friend" , 6 years ago .
    I'm still waiting for the piss stain to pay me.


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    #58
    clintondaly
    Registered Users Posts: 1,813 ✭✭✭clintondaly


    368100 wrote: »
    Engagement ring for a wedding that never happened

    Wedding Band in the locker for one that did happen


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    #59
    worded
    Registered Users Posts: 4,550 ✭✭✭worded


    Accpuncture bulk session purchase at 500 euros from a place on Grafton st.
    I thought I was getting 50% back off Vhi- they weren't registered and went bang soon after !


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    #60
    Melisandre121
    Registered Users Posts: 1,117 ✭✭✭Melisandre121


    Gave a family member €800 when they were really stuck and never saw it again.


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    #61
    DEFTLEFTHAND
    Registered Users Posts: 16,500 ✭✭✭✭DEFTLEFTHAND


    368100 wrote: »
    Engagement ring for a wedding that never happened

    Did you not get the ring back?


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