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      03-02-2021, 08:45 AM   #1
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What has been your biggest financial loss?

in your lifetime so far. Doesn't have to be the physical number if you don't want to share that
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      03-02-2021, 08:46 AM   #2
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      03-02-2021, 08:46 AM   #3
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All the BMWs I bought lol
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      03-02-2021, 08:52 AM   #4
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Divorce.
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      03-02-2021, 08:54 AM   #5
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D-I-V-O-R-C-E
Nothing else even compares on any scale.
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      03-02-2021, 08:55 AM   #6
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Add up how much I've spent on cars, subtract how much I sold them for and the loss is pretty impressive. Especially the one's I blew up motors with multiple times.
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      03-02-2021, 09:13 AM   #7
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      03-02-2021, 09:19 AM   #8
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Getting divorced...Ouch. My house and everything in it, half my 401K and a chunk of change one time payout to avoid lifetime alimony.
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      03-02-2021, 09:40 AM   #9
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College loans didnt receive enough money to finish school and had to drop out after 2yrs now where i work has absolutely nothing to do with what i was going to school for. Huge waste of money
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      03-02-2021, 09:43 AM   #10
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Quote:
Originally Posted by cmyx6go View Post
Getting divorced...Ouch. My house and everything in it, half my 401K and a chunk of change one time payout to avoid lifetime alimony.
Luckily we were pretty young, so we didn't have much, but I did walk away from the equity in the house, all the contents except for my clothing, etc. I kept my 401K and she kept hers. Happily no children were involved.
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      03-02-2021, 09:54 AM   #11
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I went commercial fishing in Alaska one summer when I was 18. I then smartly flew to Vegas to "double my money" on black jack. We all know how the story ends, I never gambled again lol.
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      03-02-2021, 10:08 AM   #12
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Quote:
Originally Posted by Mardio View Post
I went commercial fishing in Alaska one summer when I was 18. I then smartly flew to Vegas to "double my money" on black jack. We all know how the story ends, I never gambled again lol.
No Regerts
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      03-02-2021, 10:26 AM   #13
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Hurricane Katrina... House and contents (for the most part) lost. Had flood insurance but still multiple six figure hit.
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      03-02-2021, 10:34 AM   #14
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First marriage, then kids, then divorce, then marriage, then divorce. Sprinkle a few lost jobs(/careers) in there.....yep, that'll do it.

Funny how when the kids moved out, I started keeping women at arms length and both of the ex-wives disappeared, suddenly I could afford nice things and to save money again.
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      03-02-2021, 10:37 AM   #15
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      03-02-2021, 10:39 AM   #16
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COVID plain and simple.

Second to that was the housing crisis of 2008ish as we needed to sell our home that year and it was less than ideal.
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      03-02-2021, 10:44 AM   #17
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A tie between a car habit and divorce.

In the divorce I let her keep the house because I wanted to try to move out of the state, unfortunately I wasn't able to pull that off. But then the week after it was finalized I was laid off.
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      03-02-2021, 10:55 AM   #18
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A few...

$300K on a biz deal when I was 33 and got stabbed in the back by my alleged partner to the president of the company we worked for. It would be about $1.2 million in todays dollars.

$450K/2 by an investor who was to cover part of a research project. He was brought up on charges about more fraud later. My partner and I covered the loss to the company.

Not buying 10000 shares of Tesla at 25/share with a bonus payment because I chickened out. That's about $28,000,000 in at today's trading rate.

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UncleWede, did you move it again?!?!!
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      03-02-2021, 10:56 AM   #19
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Quote:
Originally Posted by ASAP View Post
All the BMWs I bought lol
And the ones you keep getting repaired...
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      03-02-2021, 10:57 AM   #20
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Quote:
Originally Posted by hooligan_E84 View Post
Luckily we were pretty young, so we didn't have much, but I did walk away from the equity in the house, all the contents except for my clothing, etc. I kept my 401K and she kept hers. Happily no children were involved.
Yet another thing we have in common. I kept my cars, as well and the things in the office. I still make the house payment.
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      03-02-2021, 11:01 AM   #21
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I trusted a longtime friend with a five figure investment, did I mention he's now a former friend? After several attempts to reconnect, he never told me exactly what happened.
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      03-02-2021, 11:12 AM   #22
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Quote:
Originally Posted by tcphoto View Post
I trusted a longtime friend with a five figure investment, did I mention he's now a former friend? After several attempts to reconnect, he never told me exactly what happened.
That's easy - hookers and blow.

He's just reticent to share this with you because you weren't invited to the festivities and now he feels a little bad.
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