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Author Topic: The Biggest Financial Regrets  (Read 687 times)
Merit.s
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March 09, 2023, 04:57:56 PM
 #41

Please share what you believe to be the biggest risks in finance.
This was the regret my dad was saying,when he was young, he had the opportunity to travel abroad to study in the university with his cousins, they won very big from gambling. His cousins told him that they are using their own share of the money to go study abroad that my dad should join them but he refused. He said that let them go first that he will go later,but to him he wanted to stay behind and continue his gambling activities but after some years, things turn out bad for him and he couldn't have the money to travel anymore. The conditions of things in the country got worst,he got married to my mom. This was how he missed his opportunity to travel abroad to secure a better life,his cousins never came back home as they became citizens of that country.
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March 09, 2023, 05:24:46 PM
 #42

I have missed lots of opportunities to travel when I was a youth leader in our community during my younger days simply because  I was an introvert and I don't want to mingle with different people. I feel regretful because I should have made lots of memories that I could carry until now. However, regrets will only disappoint us if we will not move forward. Regrets should serve as a lesson and not to feel disappointed our whole lives. I also regret that I didn't invest in Bitcoin during the earlier years but it's still not too late to try out what we have missed before.
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March 09, 2023, 05:35:53 PM
 #43

The most common financial regret is definitely investing in something because people are quite afraid to take risks. Investing in something regardless of what it is can be rewarding or a waste of time, I believe that people tend to focus on being afraid that it'll waste their assets more than believing in what the possibilities they could actually get in the future. Better invest while you can rather than complain and regret when it's all too late.
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March 09, 2023, 06:15:28 PM
 #44

Every one has regrets my major regret at a younger age was refusing to learn a trade when I graduated from High school and was waiting for admission into university. My friend venture into fashion designing and is already established although I actually completed university degree a year ahead of him but I feel at this current economic situation that the skill will be a great asset to me financially

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March 09, 2023, 07:18:49 PM
 #45


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.
Before there is money, have good financial planning. We will arrange what we will do first, as if what comes out of our minds has a good accounting book. It doesn't even cross our minds to buy a luxury car. The use of money is only for business, effort and effort. But when we already have money, we forget all that, we will buy a luxury car, the rest is entertainment. This is the condition of our management in controlling finances.

But awareness will come back after everything disappears from the front. Yes, indeed the saying goes that regret always comes in the end. Aren't people always present in our lives to remind something good.

Now let's see about crypto investing. Many of us wish to invest long term, but we can see how many withdrawals to the bank are in each month from the crypto yields. Of course that goes against what we said about long-term investing.

Out of millions of crypto users, only a few are the best holders, and they are average billionaires. As for low-end crypto users, they talk about the future, but they cannot deny today's needs.

When will regret arise? When they see what they invested before has reached the top.
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March 09, 2023, 09:52:17 PM
 #46

Every one has regrets my major regret at a younger age was refusing to learn a trade when I graduated from High school and was waiting for admission into university. My friend venture into fashion designing and is already established although I actually completed university degree a year ahead of him but I feel at this current economic situation that the skill will be a great asset to me financially
Going back not only on highschool but even on college days on which you arent able to engage into something which does involved some investment or steps that could bring up some possible life changing financial
opportunities which could really be changing up your life after graduating on your degree.Yes, for those who had mind off into those early years and ending up on being successful or being progressive then
its really good to look at but we know that not all had ended up on the same fate.

Speaking about financial regrets then the only regret that i had always been thinking that missing out on buying some properties which i might end up on being rented and have that passive income.

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March 10, 2023, 04:20:25 AM
 #47

Every one has regrets my major regret at a younger age was refusing to learn a trade when I graduated from High school and was waiting for admission into university. My friend venture into fashion designing and is already established although I actually completed university degree a year ahead of him but I feel at this current economic situation that the skill will be a great asset to me financially

I think what you are doing is good, namely completing education, when you have graduated from university, of course you have better thinking than your friends, maybe now you look left behind from friends who have skills as fashion designers, but you can run faster because you have a better basic education, what you are doing right now is to take real action immediately and don't think too much about the past.


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March 10, 2023, 06:31:15 AM
Merited by The Sceptical Chymist (4)
 #48

I see that it's not a regret, but it's a picture of how greedy people are.
Alright, now I'll describe more generally.

Humans don't know how big their needs and desires are in the future, so what they can prepare is limited to their thoughts and guesses.

Over time, the more they interact, gain knowledge and go through various kinds of life problems, the more they know their true needs and desires which they never thought of in their financial planning or didn't realize that it was an opportunity.

So stick to the previous opinion, everyone will regret it in the end which shouldn't be necessary (even for the poor though). I think it is precisely when regrets come they should start something asap.

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March 10, 2023, 06:58:44 AM
 #49

My biggest financial egrets what I have experienced is selling crypto assets cheaply in 2018, at that time the price of bitcoin dropped more than 50% and I sold at $ 8500, if I can sell in 2021 when the price is $ 60k or more then I can fulfill my dream of buying fishing boats so that I can become a fishing boss, this is because I live near the coast which is mostly the biggest result of fishing in the sea.

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March 10, 2023, 11:14:49 AM
 #50

The biggest risk in finance is when we invest but don't find out what and how it works and we just join in based on invitations from other people. We may have been in such a situation in the past and it has been our regret until now. But we can be lucky because we can have experiences like that which we should not repeat in the future because we will definitely find out more about that investment.

And regrets remain regrets without us being able to return to that time. We can only do our best while still figuring out how to reduce the risk so it doesn't get big. And to avoid all that, we must have the knowledge to help us decide something so there will be no regrets later.

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March 10, 2023, 02:22:27 PM
 #51

Regrets of course there are many and related to crypto is when I sold at a cheap price in 2019, I heard about bitcoin since 2015 then started earning from faucetbox, giveaway and contests, the biggest balance I have ever saved was around 12 btc when the price was around $240, but mostly I use it for gambling, cloud mining, HYIP, lottery and so on so it's almost gone, if I hold it until now of course I can buy a luxury house.


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April 26, 2023, 04:08:55 AM
 #52

Everyone has their own regrets in life, this is the nature of human some people are never satisfied what they got in life. I don't blame myself for anything what I have done in past. Whatever I have done in past, if I did something bad for time being but at the end it became good for me. I never ever regret in my life because whatever happens, happens for a reason.

Note: we can't change past nor can't predict future, all we can do is appreciate the present and live in the moment.
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April 26, 2023, 04:38:08 AM
 #53

I think being part of financial issues and trying to invest through many disasters happening around you is eye-opening experience. I can count dozens of time I felt regret with my decisions. But things can teach you a lot more when you experience it at first hand. My biggest regret was to not take debt to invest in Bitcoin while I was hired and working. I wasn't spending a lot of money so I could safely pay it back with my wages. When Bitcoin hit top I could be one of these people that made a lot of money. Its hard to decide sometimes.
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April 26, 2023, 06:10:41 AM
 #54

I think being part of financial issues and trying to invest through many disasters happening around you is eye-opening experience. I can count dozens of time I felt regret with my decisions. But things can teach you a lot more when you experience it at first hand. My biggest regret was to not take debt to invest in Bitcoin while I was hired and working. I wasn't spending a lot of money so I could safely pay it back with my wages. When Bitcoin hit top I could be one of these people that made a lot of money. Its hard to decide sometimes.

Experiences is a powerful thing for your personal growth especially in the financial experiences. It's normal to have mistakes and losses when it comes to financial it's up to you if you will never learn from those experiences in life. I actually feel the same, but I overthink too much that taking a loan for investment could be risky and a waste of money. Since Bitcoin's outcome is unpredictable. I kept thinking that it's too hassle to borrow money that you might lose in the process and end up paying for it. Like you're working for nothing right. Then Bitcoin pumped and that's the time I realized that in financial you could also gamble and risk for you to succeed.

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April 26, 2023, 06:56:54 AM
 #55

I think being part of financial issues and trying to invest through many disasters happening around you is eye-opening experience. I can count dozens of time I felt regret with my decisions. But things can teach you a lot more when you experience it at first hand. My biggest regret was to not take debt to invest in Bitcoin while I was hired and working. I wasn't spending a lot of money so I could safely pay it back with my wages. When Bitcoin hit top I could be one of these people that made a lot of money. Its hard to decide sometimes.

Experiences is a powerful thing for your personal growth especially in the financial experiences. It's normal to have mistakes and losses when it comes to financial it's up to you if you will never learn from those experiences in life. I actually feel the same, but I overthink too much that taking a loan for investment could be risky and a waste of money. Since Bitcoin's outcome is unpredictable. I kept thinking that it's too hassle to borrow money that you might lose in the process and end up paying for it. Like you're working for nothing right. Then Bitcoin pumped and that's the time I realized that in financial you could also gamble and risk for you to succeed.
experience is the most valuable lesson, maybe all of us have had different experiences and of course it can be used as a valuable lesson whether it comes back better or stops doing it again.
but regarding taking out a loan to invest, I think it's wrong, even though I don't have that experience yet, logically, I think it's not worth it.

and all big risks there will definitely be reciprocity, if you don't have risks then there will never be profits and if you want big profits then the risks will be big too, that's real economics that everyone will face.
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April 26, 2023, 07:35:20 AM
Last edit: July 16, 2023, 01:55:28 PM by slapper
 #56

I see that it's not a regret, but it's a picture of how greedy people are.
Alright, now I'll describe more generally.

Humans don't know how big their needs and desires are in the future, so what they can prepare is limited to their thoughts and guesses.

Over time, the more they interact, gain knowledge and go through various kinds of life problems, the more they know their true needs and desires which they never thought of in their financial planning or didn't realize that it was an opportunity.

So stick to the previous opinion, everyone will regret it in the end which shouldn't be necessary (even for the poor though). I think it is precisely when regrets come they should start something asap.
Sincerely, we a;ll regret. Remember that mistakes are valuable because they teach us something. Huge! We can prepare for the future even though we can't see it. Goals, budgets, and opportunities? It works. Reduce your intake to reduce remorse. Life? Like a curveball, it's fast. Keep your priorities straight—family, friends, or enjoying life—while staying flexible and adaptable. It's significant. Let's leap into the unknown. Futures are uncertain. We can achieve our goals and avoid regret if we work hard.

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April 26, 2023, 09:35:49 AM
 #57

A person regrets the things when he fails to get that when he was younger and had the ability to do but I thing we should not regret about the thing when we are not able to do that due to lack of money because we wanted to do but due to some reasons we become unable.

It is the reality that whenever a person achieved profit in one field then he start regret to initiate it before but he does not know about the risk so I think that always be happy with that portion which you have and which you get and never regret about the past. You have spent your past so it cannot be come back therefore try to do you best in future and forget about past.



 

 

 

 

 

 


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demonica
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April 26, 2023, 12:04:47 PM
 #58

I understand for others that the biggest danger is taking a risk but if you won't be taking a risk, then nothing will happen. In the end, you'll just regret the missed opportunity you once had when that risk had a great result.

For me, I do have regrets as well but I am glad I took the opportunity to get to know about Bitcoin when I heard about it during my younger age. For others, it's normal to have those kind of regrets but it's a lesson to not miss the opportunities in the future when it comes.
bayu7adi
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paper money is going away


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April 26, 2023, 12:19:36 PM
 #59

I reside in a nation where every student is programmed to become an employee for corporations. The higher the academic level one attains, the more significant the company they aim to match their learned abilities. There are no public teachings on entrepreneurship in schools, which leads many to opt for safe employment instead of venturing into investments, businesses, or other performance-based careers.

What I regret the most in the financial sector is my inability to find friends who are willing to discuss the future. They are all afraid to try something new and to take risks. Consequently, their experiences are limited to co-workers and the working relationship between subordinates and superiors. Their mentalities for competing against business rivals are minimal.

I am sure that many of us regret not purchasing large amounts of Bitcoin when we first heard of it.
naikturun
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April 26, 2023, 01:28:58 PM
 #60

many regret that, I regret that I used all my money to trade without buying real assets first such as land, or building a house, but from there I regret that I will not repeat it again. I will add to my list at the next opportunity.
due to bad trading 1 year ago i restarted now to collect it.

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