Poor Financial Decisions

What do you guys think is the most common horrible financial decision?

I'm gonna say it's buying a new car. So many people I know have chained themselves to a car they can't afford, and that will never increase in value

University.

I wouldn't here if I didn't have a scholarship. Not having student debt will put me head and shoulders above all of my future colleagues, and that doesn't even count the businesses I run.

Not getting married, my wealth just keep piling up without much spending

I agree m80. A "good" car, good in this case defined as reliable cheap transportation, can be had pretty cheaply.

>buy shitty 2002 pic related for £2200 in 2011
>completely gutless piece of shit
>haul a load of building materials in it
>never skips a beat, only ever replace normal consumable parts
>non-common-rail, non-turbo diesel engine that will last forever: the car will likely rust out before the engine fails
>if/when it dies, I'll get another

meanwhile

>buy a swanky modern diesel car
>"thats the DMF fucked: £1000 please"
>"thats the turbo fucked: £1000 please"
>"thats the DCI injectors fucked: £400 each please"
>"thats the DPF clogged: £1000 please"

Fuck modern cars

I love my child but it is expensive..

Idk, I think it depends on the Uni and the degree. Obviously something like a degree in music theory is pointless, but some are profitable. I'm on the pre-med track, so the debt is unavoidable for me

Why do you idiots always classify cars as financial investments?

A car is a tool; a consumer product you use to transport yourself. And not everyone wants to spend hours a day in some dilapitated shitbox with cumstains on the seat.

It's a not a fucking investment, never was intended to be

Dude, anything you spend time or money on, is an investment. You invest money into a gaming console to entertain yourself, you invest time into a job to get money. I'm not saying don't get a car, they're a necessity for a lot of people.

I'm just saying, getting a new car isn't a smart move for a lot of people. If you can honestly afford a new car, then buy it, there's nothing wrong with buying something you can afford for your foreseeable future. But the problem is that a lot of people can't afford the cars they own

When are you virgins gonna learn that nice cars are a social investment?

Let's say you're a real estate broker. You're more likely to be able to manipulate customers in your favor and make more money if they see you drive a 2017 Mercedes than a 1999 Camry.

Buying a brand new car is overkill and a complete waste of money though. A 2012 Lexus will still be seen as a new luxury car by society but it's affordable, reliable and doesn't depreciate much.

If you can afford it, then there is nothing wrong with buying whatever kind of car you want. The only problem is, a lot of people are trying to buy cars and other products they can't afford, to acquire social capital that is short lived at best

please open a dictionary

>What do you guys think is the most common horrible financial decision?
Not setting and living within a budget

>tfw cashed out all my crypto ($5k) to get plastic surgery
>tfw if I held it for just 4 more months it would have been worth $70k
Pussy is the root of all horrible financial decisions

Cars are also hobbies to some people and not just transportation from A to B.

Happily driving my honda s2000 rice rocket

>Dude, anything you spend time or money on, is an investment

So the sandwich I ate for lunch was a investment? I take it now that you're going to argue that anyone who doesn't eat rice and beans every day is bad with money.

What type of plastic surgery?

hookers
browsing live escort review as we speak

I bought a new meme electric car cause my government would give me back 14k

You could argue that it was an investment, a healthy diet is an investment of time and money for a better body. I wouldn't say that you have to live minimalistically, just live within your budget.

If you have the money to eat out every night at prestigious restaurants, then do it, and if you have the money to buy expensive cars, then do it. The point I'm trying to get across, is a lot of people buy cars they can't afford, in an attempt to seem like a level of financial success they just haven't reached

>Cars are also hobbies to some people

Another good point that always gets overlooked

>The point I'm trying to get across, is a lot of people buy cars they can't afford, in an attempt to seem like a level of financial success they just haven't reached

yeah it's called investing in your image and some people value that

Very true, glad I got off that grind.

And that's fine to do, but like anything else, make sure you can afford it. All the social capital you built up, won't be worth anything if you lose everything you own from defaulting on payments

Getting married in America.

this
i'm 25k in debt because of this trash and the interest keeps building up

hoping for a coin moon 2 save me from this

Late payments/Fees
Loans (interest)
Impulse buying
Keeping money in a bank

funerals

GF

not kidding

also never tell the person you're fucking that you're into crypto

>went to uni, got debt, but its like some bullshit 124$ a month
>drive audi a4
>long term gf
>spend whenever/whatever dont really watch shit
>never bitter, just work accounting and vacation all the time since white collar is great

How is it that im in my early twenties, ignore every Veeky Forums finance advice, and manage to never find any legitimate finance advise (lol at the fags in those discords who claim they make 100k a year and then filip out when a coin “”””moons”””” for 25% on their 3k portfolio)

>tfw paid off my entire tuition in 1 month in crypto

what are you even trying to say?

accountants are so fucking illiterate it drives me nuts

That the financial advice from this coin shilling board is boomer tier.

You know, the people that claim trades in America are a better option over a good 4 year degree.

I bought a new lexus in 2010 and drove it for 7 years and gave it to my parents. Theyll drivenit for some years and maybe ill get it back

People not being aware of where their money is going is a big one

>biz is one person
Can you at least learn to write in a intelligible way?

Investing in crypto.

Screencap the replies to this post for when the bubble bursts.

Paying cam whores on pornhublive. Ive wasted 100+ dollars. God dammit. I stopped, but thats still money that couldve gone to my emergency fund or go towards savings. I saved the screen recordings tho.

> implying that all the money that's already been cashed out at that point just goes away

Finally got around to watching 2049. Pure kino

My house was one of the bad investments because I had to take up huge loan to afford this. Now every month 1 whole paycheck goes to paying it off while we live off the other. We are doing fine, but when I think about it as investments goes, buying a house is pretty shitty thing to do if you arent allready very well off. Yes everybody needs a place to sleep and live, but shit we bought was so far aboce what we accualy need.

Beside that, I agrer with OP. Car isnt an investment at all. Its a consumer item that will be worthless in 20 years.

You have to have a roof over your head and transportation from a to b. But when buyinv these things, if you are still in a position where you are trying to become a success, you really need to think about what you accually need.

So for you young guys out there, wife and kids are nice and all, but first thing first.

>be me
>have 2012 honda civic
>modern but still reliable
>dealership still tries to fuck me on repairs when i bring it in for inspection

I have a friend I was sorta dating for a while who was a cam girl.

She did it as her options in her area were to work a minimum wage for job and not be able to save monies.

Her camming (and selling vidyas) nets her a groovy 40-50k a year. It allowed her to get her own place in another state and financially support her mom.

You're helping out when you spend money. Just make sure it's money you can spend and aren't getting behind on bills, savings, etc. I supported her by buying a video. She's good people.

Btw, for successful cam girls, it's a good 40+ hours a week as there's a huge customer service aspect to it.

Oh yeah for sure, I dont spend money I havent properly budgeted. I just look at my statements and think, "wow, this could have gone to anything else and probably be better for me." Getting off is nice but /gif/ hasnt steered me wrong yet.

Interesting stuff on cam girls. Must be a wild ride.

the new cars are made that way (((on purpose)))
especially european trash
Honda civic/toyota corolla is a true car-red pill. will last for decades.

The other side of the coin is that university loan is what made me have 6 figures worth in crypto. I wouldn't have all this money if I didn't have university loan money access.

Anything that doesn't appreciate.
Cars, technology, degrees, women.

Good, good. I feel you on that. My vice is weed. I used to spend $500/mo. on that at times. Down to $30-$40/mo.

It can be crazy for cam girls at times, but she kept a level head. No drugs or drinking, although I did get her to toke once or twice when we were hooking up.

The top earning ones make 100k+ easy, but it's a taxing job.

She had her "guys" who would send her items and cash. A good amount of the customer service side was not just showing off her body, but was conversation.

There's a large amount of lonely guys are out there and cam girls *can* provide a positive interaction with them.

If you know any girls who want to make it, one of the biggest hurdles is keeping oneself from getting naked quickly and staying naked. Takes away from the mystery and lowers the perceived value. Hence a focus on "For X tokens, I'll remove X item".