Wednesday, October 1, 2008
Worst Financial Mistake...
We both had new jobs, married for about a year, and one day we were walking to our car and decided that we needed a new one. We went to the dealership, just looking of course, but ended up driving it home. I am sure that the salesmen were high fiving when we walked out the door! It was a very expensive lesson, and we paid on it for about 4 years. I know your thinking- YOu almost had it paid off, why would you sell it? Oh no, we thought seven years was a great amount of time to pay back a loan so we had a while to go. So we rejoiced the day we sold the X-Terra and broke even.
2nd worst mistake...
Are you noticing a pattern here?
We had some great mentors/friends who sat us down, cried with us, and helped us decide what to do next. We paid off all credit card debt, sold both cars, and simplified life. It wasn't that easy, but now I sleep when I lay my head down at night. You can keep all those fancy toys!
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