Ten Financial Choices You Will Regret in 10 Years

money regrets

A lot of people who worry about their financial decisions often frame that worry on how it will impact them in the present, and often forget that the decisions will likely have consequences in the future as well. While financial situations can always change, it can pay off handsomely if you think long-term rather than just short-term. Below you’ll find a number of common financial choices many end up regretting somewhere down the line:

Not Saving for Retirement

Many people don’t even think twice about saving for retirement. Whether you believe retirement is too far in the future to worry about or that you don’t have enough money to sock away into a 401K or IRA, this is a


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6 Responses to Ten Financial Choices You Will Regret in 10 Years

  1. By investing into something you don’t understand would cause you a major problem. A few years ago, my college professor invested into a networking kind of business because almost all of his friends invested in that business, but suddenly they learned that the networking business was a scam. All of his money was lost and he even sold his property just to invest in that.

  2. Nicola says:

    This is a great post – I’ve got a few friends who say they’re incapable of saving, yet they’re quite happy to go out and buy the latest game, or make up, etc., and it’s so frustrating. They’re going to regret it years down the line.

  3. It took me a while to get into saving and paying down debt but I am there now. Once you start saving, even if it is only a small amount, if you do it automatically it is funny how you don’t notice the loss of money.

  4. If people only took one thing away from your article it should be understanding the benefits of thinking long-term. My friends just think its way to morbid. Yet, it is by far the key ingredient to seeding your motivation to make goals and see them through. Good article and sage advice.

  5. April says:

    I finally debt debt free again, and am saving for a car so that I won’t have to borrower when it comes time to replace my existing car. I save for retirement and should be okay there.

    I don’t have much extra money because of the saving. I think I will rent out one of my rooms.

  6. FinanceQA says:

    I agree with all of these points. I regret not being able to save a few extra dollars when I started working while in university. Although I now have an emergency fund and some other savings, I could have enjoyed bigger savings had I started to save at a younger age. However, there’s no point being sad. One just has to work hard and try beef up the savings.

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