Topic: The Biggest Financial Regrets - page 5. (Read 784 times)

This is also what I think of if I ever bought bitcoin way back in 2016 if I wasn't tempted to sell it when it pumps like 300% which will triple my investment so sure I would be selling it off and not waiting until this time which is around 2000%. Even if we regret not buying it we didn't think that we can overcome those temptations until now because when we say we regret it we always based on the price right now so if we compare it to the roads we've taken until we reach this price for sure along the way we already sell it off.

I feel nostalgic reading this because as the month comes to an end, I know I have to part away with over 70% of my income. Several years ago, my family ran into a tough time and my lost resort was a loan in six zeros. It was my only option. So, I took the loan and spread the payment over many years. It's been 3 years now and I have to pay back the loan while supporting my family and aged parents. The loan is one of my biggest financial regrets because I barely have any savings when the month ends and I have to rinse and repeat after every 25 days. I wish, I can magically clear it off but then I can't. Hopefully, bitcoin will come to the rescue in due time.

My regret is that I never had the chance to own bitcoin when it had little worth, but I do wonder if I will keep onto it to now, considering my financial struggles. I asked myself that question to console myself because I might still be naive even if I had the chance to accumulate more bitcoin back then. The only thing I consider to be more of a regret is that I should have had the knowledge I have now earlier because it would have protected my finances and controlled my spending habits. Nothing is bad, however, hence I try to preserve the bitcoin I do receive from weekly forum payments and buy more. It's better late than never, right?

The thing that we should avoid the most and this is actually something that makes a lot of people experience losses and even experience ruin in their finances. it is the level of Speculation Domination within us is too high. This is a habit that arises in someone who does more speculation and is even used to speculating in his life, including in business and in his financial arrangements. this type of person is always lacking in analysis, they are too lazy, but they have a high degree of greed. they have big dreams and usually these people have the advantage of an extraordinary courage to try new things. this type is not always bad. sometimes they also get lucky. but just relying on luck is another danger that threatens our financial. speculating at a reasonable rate is normal. but too much speculation is a dangerous thing.

I will feel regret for the rest of my lives if I encountered even one of these 2 scenarios.

Luckily, I'm not encountering that financial regrets, and until now, I didn't encounter any financial regrets any. The first one isn't applicable for me because I started investing when I'm at my early 20's (just after I graduated from College), and I consider it still as early because when I'm still studying, I didn't even know that a thing called cryptocurrency exists, and I only knew it after I graduated.

The second one isn't applicable for me either because right now, I consider investing more than 75% of my investments in cryptocurrency as a risk already. Maybe the "tried more things" is where I feel a bit of regret, but I'm trying to learn some things that will help me earn more money thus, more money to risk for and invest. I'm at my mid 20's right now and I think I can still take risks because I consider myself young when it comes to investing compare to some others out there.

Playing it safe when you're young still isn't a good strategy. You got so many time to take risks and if you lose your money in your investments, you still have lots and lots of time to recover that money again. If you're still young, take risks and don't regret doing it. As for me, still I don't have every financial regret that I've ever made. Maybe I'm lucky.

For me the biggest financial regrets I had when I was got huge money from airdrop which could be a life changing for me but I did not managed it well that's why I am back to basic. I have many regrets over it that I wished I invested it something that can generate passive income monthly and wished that I could take profits during the 2021 bull seasons because my portfolio is struggling to recover due to bear market right now. Now, I am waiting for the next bull seasons so that I can huge gain and finally can take a profit from my holdings.

I'm sure almost everyone has made mistakes and they are aware and regretful, in terms of finances many people are complacent by wasting money on pleasure, when they are old and unproductive they regret it because eating every day becomes difficult, from now on we have to get used to investment so that it can become an asset that can help when we are no longer productive.

Sometimes we are afraid to take risks when we want to take a step, whatever it is and not only in finance because our mindset is used to considering everything before making a decision.

And after trying to make a decision that we think is the best among others and seeing the results, sometimes we regret what we did and wish we could make another decision to fix it.

When we can still do anything, we sometimes underestimate it by not trying to find what is necessary for our life and instead, we just skip it. But after some time has passed and there have been no significant changes in our lives related to finances, we become regretful and wish we could try what we should have done a long time ago.

But it's all in the past and we can't turn it around. We can only keep trying what we can do right now, as hard as we can and not give up and still hope we can get something good from what we do.

I used to have the number one regret, but I also realized that I never had any good investment ideas then. I also lacked good financial management skills then. I remember giving my uncle a couple of bucks to save for me or put in his business; he assured me that he would put it in the bank so that it could yield interest, but he spent the money, a lot of money I gave him, and even the one I gave to my mom. After those times,I still had a big amount to start a business, but I was scared that I was too young to even run a business. From your second point, the risk I took then is what I sometimes regret; I invested the money in a Ponzi scheme while my uncle advised me to deposit the money in the bank since I had my account then.

Biggest risks that I've made in finance? Invested almost half of my savings back then to build my clothing shop business and it all went.......GREAT! Sure it is not the common risk of investing to something else like stocks (I am not a stock trader), buying -insert any luxury items here- ( I am just want to live a simple life and social status ain't going to give me shit in the end), and investing into a random altcoins in the market for obvious reason, but it's just that it was worth mentioning for me that some people here in my area are afraid of risking their money into businesses that does not seem to be like "for gaining social status".  Considering that clothing is like a basic needs for people already, I don't see any reason not to invest to that kind of business.

For my financial regrets, for the sake of the post title, was that I risked money to day trade which was not the strategy for me at all. It's not my cup of tea and I should have known that trading is not meant for everybody. Everybody can trade, but not everybody wants to trade.

The two things you mentioned say it all for us, who missed out on a lot of financial opportunities at a young age. I knew bitcoin very early, but at that time, I had no intention of investing, nor was I willing to take risks, all I could think about at that time was having fun with my friends, branded clothes, watches... the things my friends have, I also want to have. Perhaps missing out on investing in bitcoin too soon is my biggest financial regret, otherwise, I would be a millionaire by now  .

In my case, the biggest financial regret was when I earned lots of money on my hustle. I spent it on gambling, like poker and other gambling sites. I was 17 years old at that time, all I wanted with my money was to spend it since I didn't have plans for my future at that time. But when time goes by, I start realizing if, in that time, I know how to save, or invest? Will it be easier for me to achieve things I want right now or not? It was a regretful one, but that serves as a lesson to me. Since then, I have started saving all the money that I earn, and started investing where my money will grow. Taking a risk is the best thing that we can do in our life, because we will not know the answer if we don't try it. We will be living with a lot of what ifs if we don't try even once.

The word regret is something everyone has experienced, my greatest regret is me not giving bitcoin a chance then and it has affected my monetary life.
risk is one thing and regret is another but regret is of two types
1.Regret after investment
2.Regret before investment
I will talk about number 2 because almost everyone here is talking about it,  regret before the investment is for those who invested late on Bitcoin and I will say that's the only thing they regret most because it includes money.

Yes, maybe when you count regret there are two sides, in the context of thinking I regret that when I was young I took too many risks in finance so I didn't have the right stability in the financial world, and sometimes there are also those who think I regret it because I didn't take risks in the past finance so I don't have experience in financial matters with big.
I witnessed this context firsthand from several members of my family.
When I studied and I found something in the case of gems, namely spreading risks into many sectors is also not a good thing because it will not focus and it is difficult to learn from mistakes.
In the second case, the person tends to be afraid of spending his money and that fear causes regret in old age.

I have regrets to this day because my parents didn't teach me money management and secondly I regret why I didn't know bitcoin earlier, maybe if I knew bitcoin earlier now I was enjoying the beauty of the world.

Sometimes, there is nothing you can do about this, those who had kids at a very young age happened by mistake.

Some called this unwanted pregnancy, they won't understand how good this mistake is, until the child grows up.

No matter how good your plan is, let's not forget that, life has its own ways with us.

In today's world people in my country don't want to have any kid at a young age unless they are rich or have a high  paying source of income, things are getting harder every year and I don't blame them.  

I have also seen someone with over 7 children and who wasted all their father's property on drugs and gambling

This life can never be balanced, what appeared as white to someone can look black to others.

If life doesn't have a plan, it's like a tree that doesn't have fruit, that's what the proverb often reminds us of.

First point:
If initially we didn't have financial planning in determining investment, then now is the opportunity to start, it's never too late to start planning healthier finances, opportunities to invest are very open in technological conditions that have been so developed. Bitcoin is one of the investments that can be chosen, besides there are price fluctuations, bitcoin is also able to provide maximum profits, you only need to set a strategy and see opportunities for some people who have smaller capital, so that potential investments can provide much faster profits.

Second point:
If you don't dare to take risks then financial advice on bitcoin investment will never work, there is no form of investment that does not involve risk and that's why people will understand how to minimize every decision made when investing. Risk is the medium closest to success, if you don't dare to take risks you will never have the chance to get success.

I am not a big risk-taker, and perhaps that's also why I don't have any big financial regrets. I thoughts that Bitcoin's price in hundreds of dollars was big and that it was worth to sell it for fiat, but that was due to the lack of proper financial literacy and also really needing the money I was getting out of it. Sure, I could try to save up some of it in the early days (early for me) and  didn't, but getting rich isn't among the goals of my life, so I'm okay with the decisions I've made and the reasons I had for them. I also lost 60% of my Ethereum holding in the early days due to using a centralized wallet that was popular back then but performed an exit scam, but it wasn't a lot of money, and I've learned my lesson, realizing why holding your keys is important and why custodial solutions are truly risky.

These two things are actually what I regret. But there is one more thing that I regret for neglecting Bitcoin in the past. before I was not interested and ignored it. and now i regret it.

and actually there are still many regrets that I can not express. but everything has become a valuable experience for the progress of my business now. and now I am grateful for having my own business and being able to employ some employees.

No matter how early, it's always too late to regret. The problem with many people is not that they lost an opportunity, they don't know themselves. What matters is knowing thyself then life will be easier. Why is it always difficult for some people to keep the same opportunity working even when it's available. Many early birds still lost their businesses. In life not making a mistake won't be possible, we can't see all aspect of a business, they is always someone elsewhere who sees the opportunity more than we do unless we move out of our comfort zone. Until then people can't see clearly what they want to invest into; time and money. Many married men made it while they got married, don't know if the Godfather story is non fiction or fiction, but Don Corleone made his fortunes as a father; 2 kids and a wife. If I'm not distracted then I can achieve anything I want in life, my only regret is being distracted by some things that never mattered to my career and not putting lots of time in my skills.

I think regret will be experienced by all people even if it can be said to be successful in general. Suppose you ever heard this sentence from a rich guy, "I should've invested all my wealth in bitcoin 10yrs ago instead of just a few cents, maybe I'd be in the top 100 of the richest ppl in the world."

I believe that everyone has their own lifeline. To reduce the feeling of regret, "be grateful for yourself today".