The Biggest Financial Regrets

[disconnectme]

Not taking profit early, profit taken is one of the things that I need to work on as a person, risk-taking is not a problem for me but not know when to call it quit and be on the sideline, the last bull market was good for me but decided to put my profit in Luna (UST) to collect interest on my money and I saw the value drop to close zero within hours, not doing anything at times is investing because you live to die another day, if you don't have money, even when opportunities present itself you have nothing to invest into it.

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[Silberman]

For me, the biggest financial regret I have is involving myself in a Ponzi scheme that promised to pay back a week to get double the amount of what I invested. This happened when I was in school struggling but with the little money I have, I entered, till today both the principal and interest are nowhere to be found.

I hope you did not lost a lot of money at the time but I can understand you, there have been instances in which I have lost money as well and even if the amount was not significant at all it still makes me mad, still as long as you learned from that experience and never invested in a Ponzi scheme ever again you could say that it was money well spent, as it has saved you to make many more mistakes like it and over the long run it even saved you money.

[Quidat]

The biggest and most common financial regrets people will have.

1.  "I should have started investing and making financial plans, earlier."
2.  "I wish I had taken more risks and tried more things, when I was younger."

There are some who say its bad to have a tattoo. "The tattoo will look bad, when you're old." There are also many who wish they had tried more things when they were young. Before their window of opportunity closed. Before they had kids who rely on them, where they have less time. Before they were in a position where it became much more difficult to start a business or try different methods to tap other revenue streams.

For those who profit with stocks, crypto and other assets as other means of income. The most common regret is not having started earlier. Time spent idle could translate to opportunities missed.

There are some who believe the biggest danger is taking a chance. They play it safe. Not realizing not taking risks, could be the biggest risk of all.

Please share what you believe to be the biggest risks in finance.

3. I wish i had saved up my Bitcoin and ETH into those 2016-2017 year.
4. I wish had made out some wise action or move in towards my financial investment

Each one of us does have those kind of regrets on which it did really cause up for us to miss out those life changing situations or opportunity but well when it comes to reality
then this is something which cant be altered or handled out once things had been completely done or had missed out.

Thing here is that we shouldnt really get stuck into the past and would really be thriving to move on and do things ahead which its not still that too late on
making up that changes. Although it might be already that late since prices and values are already that on the rooftop but you could still
eventually deal up and made out some wise decisions which you could somewhat able to earn that much and make changes at least.

[JoyMarsha]

When it comes to life financial investment I don't judge it by how early you have started making an investment plan, I only judge it by how far you going to, end up finishing it. For example, those that invested in Bitcoin in its early stage and those that invested when it was a bit costly. You will get to find out that many sold off their bitcoin holding at a lesser price at the early stage when the price of one bitcoin is around $5k, and some even bought bitcoin when it was around   $15k and they are still holding till now.

The paradox of an early financial investment plan is how well you end up finishing it whether early or late

Honestly, those people who think that if they are married with kids and can't try new things do not realize how many hours in a day we have. I have seen so many people who just hours and hours on useless stuff that if you are planned and organized then you have plenty of hours left. I used to work in a different business industry, I worked there for 4 years, and in 2 years of that period I worked every single free time I had, while married (albeit no kids) and still spent time with my wife, all thanks to being planned and organized. Still doing the same thing, my work takes a good chunk of my time, but I don't waste the rest on just relaxing all the time, I try to develop new skills and use them for fun instead of work now.

Honestly, the biggest mistake someone could make and it will affect him or her all through their life is going into marriage when not financially ready for it. In this case, it is better to start late and be financially buoyant than to start early when not financially ready for marriage. This will determine your future and the future of your kids

[uchegod-21]

The biggest and most common financial regrets people will have.

1.  "I should have started investing and making financial plans, earlier."
2.  "I wish I had taken more risks and tried more things, when I was younger."

3. I should have kept my money in savings, they all wouldn't have vanished now. So, I am starting from square one.
4. I should have started saving in bitcoin immediately I knew about it.
5. I should have spent small money to buy a hardware wallet to secure my bitcoin. Now I am hacked.
6. ThankGod I didn't start then, there's time for everything. Now is the perfect time.

[JeffBrad12]

For me, the biggest financial regret I have is involving myself in a Ponzi scheme that promised to pay back a week to get double the amount of what I invested. This happened when I was in school struggling but with the little money I have, I entered, till today both the principal and interest are nowhere to be found.

ponzi really bad thing for someone that's greedy about wanting to get rich someone because of economic pressure, these ponzi are total menace because they are always targeting some poor and broke people in which they gonna run away with their money.
i'm sure so many was also getting scammed by ponzi back then, it was really rampant and out of control and these nowadays aren't really prominent simply because many of us are actually becoming smarter and smarter not to get scammed by these shitty ponzi.

[Ultegra134]

When it comes to life financial investment I don't judge it by how early you have started making an investment plan, I only judge it by how far you going to, end up finishing it. For example, those that invested in Bitcoin in its early stage and those that invested when it was a bit costly. You will get to find out that many sold off their bitcoin holding at a lesser price at the early stage when the price of one bitcoin is around $5k, and some even bought bitcoin when it was around   $15k and they are still holding till now.

The paradox of an early financial investment plan is how well you end up finishing it whether early or late

Honestly, those people who think that if they are married with kids and can't try new things do not realize how many hours in a day we have. I have seen so many people who just hours and hours on useless stuff that if you are planned and organized then you have plenty of hours left. I used to work in a different business industry, I worked there for 4 years, and in 2 years of that period I worked every single free time I had, while married (albeit no kids) and still spent time with my wife, all thanks to being planned and organized. Still doing the same thing, my work takes a good chunk of my time, but I don't waste the rest on just relaxing all the time, I try to develop new skills and use them for fun instead of work now.

Honestly, the biggest mistake someone could make and it will affect him or her all through their life is going into marriage when not financially ready for it. In this case, it is better to start late and be financially buoyant than to start early when not financially ready for marriage. This will determine your future and the future of your kids

I had been in the Bitcoin scene since 2014 but stuck around only for a short while before re-entering the scene a few years later. I made plenty of mistakes that, at least now, I'm not repeating, and I've stopped looking back and thinking about what I could have done differently. As you've already mentioned, there's a decent chance that the majority of those who were here in the early stages would have sold during the first bull markets. Life is full of lessons. There are mistakes that I've made in my career, like switching jobs and ending up in a worse one, but regrets lead nowhere.

Now to address the marriage topic you mentioned: getting married when you're not financially ready is neither the largest nor the most complicated issue. A young couple living together with two jobs can live quite comfortably with an average job and sharing expenses in half; the issue comes when kids are around. However, the worst mistake you can make, both on a financial and personal level, is marrying the wrong person.

[Yatsan]

When it comes to life financial investment I don't judge it by how early you have started making an investment plan, I only judge it by how far you going to, end up finishing it. For example, those that invested in Bitcoin in its early stage and those that invested when it was a bit costly. You will get to find out that many sold off their bitcoin holding at a lesser price at the early stage when the price of one bitcoin is around $5k, and some even bought bitcoin when it was around   $15k and they are still holding till now.

The paradox of an early financial investment plan is how well you end up finishing it whether early or late

Honestly, those people who think that if they are married with kids and can't try new things do not realize how many hours in a day we have. I have seen so many people who just hours and hours on useless stuff that if you are planned and organized then you have plenty of hours left. I used to work in a different business industry, I worked there for 4 years, and in 2 years of that period I worked every single free time I had, while married (albeit no kids) and still spent time with my wife, all thanks to being planned and organized. Still doing the same thing, my work takes a good chunk of my time, but I don't waste the rest on just relaxing all the time, I try to develop new skills and use them for fun instead of work now.

Honestly, the biggest mistake someone could make and it will affect him or her all through their life is going into marriage when not financially ready for it. In this case, it is better to start late and be financially buoyant than to start early when not financially ready for marriage. This will determine your future and the future of your kids

I had been in the Bitcoin scene since 2014 but stuck around only for a short while before re-entering the scene a few years later. I made plenty of mistakes that, at least now, I'm not repeating, and I've stopped looking back and thinking about what I could have done differently. As you've already mentioned, there's a decent chance that the majority of those who were here in the early stages would have sold during the first bull markets. Life is full of lessons. There are mistakes that I've made in my career, like switching jobs and ending up in a worse one, but regrets lead nowhere.

Now to address the marriage topic you mentioned: getting married when you're not financially ready is neither the largest nor the most complicated issue. A young couple living together with two jobs can live quite comfortably with an average job and sharing expenses in half; the issue comes when kids are around. However, the worst mistake you can make, both on a financial and personal level, is marrying the wrong person.

Problem is, people are confused on the difference between being in a relationship and being married. Most of the youngsters think that marriage will strengthen the relationship but that's not how simple things work in such legal bind. Practicality would be always considered 'coz two parties are required to cooperate and share belongings with one another unlike when they are still on dating stage or relationship stage wherein two parties are technically separated still. Financial readiness should always be a requirement for things to work. But is it something to regret? Nope. Regret won't mean a thing, what's best is to focus on what is there and focus on working things out.

[mvdheuvel1983]

Every human has one or two regrets in life financially.
Either they have missed out in an investment earlier or being scared of the risk involved. Some times we forget that life is a risk on its own. There is no achievement without risk. I have such experience when i first heard about bitcoin from a friend, then i was so scared to invest because of the risk involved in bitcoin. I should have know that there is risk in every aspects of this life

[Dalib]

Please share what you believe to be the biggest risks in finance.

In my opinion, the biggest risks in finance include:

1. Not having a solid financial plan: Without a clear plan for your finances, it's easy to fall into debt, overspend, and miss out on opportunities for growth and investment. Creating a budget, setting financial goals, and seeking professional advice can help mitigate this risk.

2. Over-reliance on a single income stream: Relying on one job or income stream can be risky, as it puts you in a vulnerable position in case of job loss, economic downturns, or other unforeseen circumstances. Diversifying income streams through investments or side hustles can help reduce this risk.

3. Failing to manage debt: High levels of debt can be a major risk factor that can negatively impact financial stability and future opportunities. Managing debt through budgeting, prioritizing payments, and seeking professional help can help reduce this risk.

[Baoo]

That’s a really good point of view OP. Plus, people by nature are good at complaining. Regrettably, they over talk without making any actions that’s why they always stuck at the same point and end up regretting about decisions they have not taken. Furthermore, the pessimism is widespread in a lot crypto users, they always expect the worst scenarios and make terrible decisions. To be honest, if you keep playing safe, you will never succeed and earn huge returns. At the same time, taking unplanned and unnecessary risks may lead you to heavy losses. Crypto investment requires patience and discipline with these keys, you will definitely be able to achieve your financial goals.

[Paul Pogba]

Regrets of course are things we usually experience because now we think that the decision we made was wrong, many people regret knowing that the current bitcoin price is around $28k, if they can hold thousands of btc when the price is still $1 or less of course they will be people rich.

[Majestic-milf]

The biggest and most common financial regrets people will have.

1.  "I should have started investing and making financial plans, earlier."

This should be changed into "I should have keep atleast 5 bitcoins when the price of each was ridiculously low". Pretty sure that alot of us bitcointalk folks didnt keep decent amount of bitcoins few years ago.

I fit in that category. But in my defense, I hadn't heard about Bitcoin back then and even if I did, I don't  think I would have purchased any, probably because I was more interested in just keeping my money in the bank and not having to bother about investing since those come with huge risks... _{childish thoughts I had} 
 But just like you said it's not to late, I've put aside my fickle thinking and FUD and decided to invest since it's quite risky to lay all your eggs in one basket.

[coin-investor]

Please share what you believe to be the biggest risks in finance.

The biggest risk for me based on my experience is being complacent and greedy, I should have become an advocate of the word HODL back five years ago, it is so easy to accumulate 1 full Bitcoin 5 years ago on bounty campaigns when Bitcoin is still cheap, and there are good and profitable projects to promote, not having an insight in finance is the biggest risk.

Insight is what carries you to hold on to your portfolio and accumulate more, lack of it and being easily tempted to sell for a small profit when a bigger profit is yet to come is a disaster.

[Desmong]

There are financial risks we need to be taking now that we sti have the strength and blood to take us through than to wait for people to come and remind us of what we need to do that we haven't done. If we don't plan now for tomorrow, a time will come when we are going to regrets our decision now of not complanning for what tomorrow has for us.

[irhact]

Not taking profit early, profit taken is one of the things that I need to work on as a person, risk-taking is not a problem for me but not know when to call it quit and be on the sideline, the last bull market was good for me but decided to put my profit in Luna (UST) to collect interest on my money and I saw the value drop to close zero within hours, not doing anything at times is investing because you live to die another day, if you don't have money, even when opportunities present itself you have nothing to invest into it.

That's crazy because I saw a situation just like yours on social media. It's crazy that peoject we depend on to save us in times of a dump becomes the project that wipe all our profits from other investment and our capital away. I feel sympathy for those that thought of using Luna and its stablecoin as a means to protect themselves from the market meanwhile those projects were what they needed to protect themselves against.

One of my biggest regrets was me selling my Bitcoin too early, I had some challenges that needed money and I had no other cash on me because I have used them earlier to solve another problem that came up. I sold all my Bitcoin and now I'm regretting it although I'll bounce back and I'm strategizing to achieve that.

[Sir Legend]

The biggest financial regrets is when I once felt was that I was too easy to use bitcoin for useless things like cloud mining, HYIP and so on, I once bought bitcoin at a cheap price which was around $ 230, in 2015 I was active for earning bitcoin from faucets and giveaway, I have use the lottery on freebitcoin and once won 2.5 btc, if I hold at least 10 btc of course I won't take part in the signature bounty again.

[BRINIRHA]

The biggest financial regrets is when I once felt was that I was too easy to use bitcoin for useless things like cloud mining, HYIP and so on, I once bought bitcoin at a cheap price which was around $ 230, in 2015 I was active for earning bitcoin from faucets and giveaway, I have use the lottery on freebitcoin and once won 2.5 btc, if I hold at least 10 btc of course I won't take part in the signature bounty again.

Oh Friend it seems if I put myself in the same position as you in the past. Then I will also have the same regret. And it's natural that this will be your biggest regret in your life. because in the past you actually had a chance to be better if you could hold your Bitcoin until today or until ATH in a few years ago.

Hopefully I can make the experience you share a lesson for myself at this time so that I can be stronger in holding the bitcoin that I currently hold. I don't want to have any regrets 5-10 years later about the Bitcoin I hold.

I also have regrets in my financial life that I have told maybe here (if I remember correctly) but I really feel more regrets that you convey.

[Pujangga]

In life there will be a lot of regrets that will happen, a person who graduates from school of course regrets not getting the best grades or grades because at school he plays too much or wastes time, when there is a lot of money of course there is a lot of temptation to spend extravagantly so that it will make us regret it, then the best thing what we do is read a lot about the experiences of successful people so we can manage finances well.

[slapper]

~snip~

I had been in the Bitcoin scene since 2014 but stuck around only for a short while before re-entering the scene a few years later. I made plenty of mistakes that, at least now, I'm not repeating, and I've stopped looking back and thinking about what I could have done differently. As you've already mentioned, there's a decent chance that the majority of those who were here in the early stages would have sold during the first bull markets. Life is full of lessons. There are mistakes that I've made in my career, like switching jobs and ending up in a worse one, but regrets lead nowhere.

Now to address the marriage topic you mentioned: getting married when you're not financially ready is neither the largest nor the most complicated issue. A young couple living together with two jobs can live quite comfortably with an average job and sharing expenses in half; the issue comes when kids are around. However, the worst mistake you can make, both on a financial and personal level, is marrying the wrong person.

Gotta disagree, folks, with the idea that the worst mistake is marrying Mr. or Mrs. Wrong. Yeah, it's bad, but what about the cash catastrophe of diving into matrimony without a financial plan? Money troubles? Relationship wreckers, big time.

Don't forget, money matters when it comes to raising a family. Beyond the essentials, curveballs like medical expenses or fixing a roof can crash the party. Financial prep? Your shield against those hurricanes.

Life's unpredictable, and we'll mess up. But getting your finances sorted before saying "I do"? You're paving the way for a rock-solid, fantastic future.