My 5 Biggest Financial Mistakes

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[BlueKoinu]

As my Mother likes to say "You made the right mistakes." Mistakes are how we gain wisdom and you made some good mistakes early on and applied what you learned from them to get where you are now. And now you are sharing them with us so we can learn as well!

[jameshummell]

I’m 73 and I’m so impressed that you have already learned what it took me years to understand.

[NZTiberius]

The good thing about the house purchase is that time usually heals this. As long as you can afford to hold onto it, and you do a nice renovation, you'll get your money back - eventually. Great video!

[Hydrogenblonde]

I bought an apartment back in the 80s. I listened to other people telling me I would make a fortune. After I bought it interest rates went up to 20%. All my income went into paying the mortgage. I owned it for 10 years and in that time developers bought up many old houses in the area and built apartment blocks and flooded the market. After 10 years my old apartment was now worth hardly more than it cost me.
After all expences taken into account I made $4000, that's a bit over 1 dollar a day for the time I owned it. I would have been 100k better off if I'd left my money in the bank in my savings account.
It is false that you always make loads of money on real estate.

[ayrairl]

not gonna lie, i howled with laughter when you brought out that coach purse. it is so not you!! glad to see a really honest video. thanks, nicole!! regards to levi

[festiva]

Please share your nervous breakdown if you’re comfortable. I’m in the middle of a divorce and would love to hear a success story of someone coming out the other side of a difficult time ❤

[dennischannells]

I am a 72 year old man in Australia 🇦🇺 .Thank you so much for all of your videos, especially this one. Your wisdom and honesty are wonderful, although I do feel somewhat embarrassed at smart you are, compared to me.

[sarahbannon]

Sell those jeans, there’ll be someone who’ll want them, even with a little hole, and even if you don’t get a lot of money for them, you’ll get something to put towards a pair that fit. Sell that Coach bag too, if you only use it very occasionally, then a cheap, smart bag will do just as well, and won’t have the bad memories associated with it.

[DiggerDog]

Honestly your teeth look fine, and you look like a healthy young woman. Good channel. I'm going to share your stuff with some people who I think can benefit from it.

[joytotheworld]

Part of your appeal is your humble. You are really smart and you should accept that as it is a gift.I love your brutal commentary on things. Keep it up

[oddwrd]

The good bad news is the government just put in place new laws that will keep the price of houses rising. Thanks for your vids!

[ellengriffith]

I’ve made way too many money mistakes but one I will mention is buying and financing a camper. I don’t really like camping but loved it as a kid and so did my husband and we wanted to give our kids the same experience. We do use it every summer but deep down I wish we never bought the thing.

[sanniskett]

AFTER HURRICANE IAN I REALIAZED... no matter what your age you can lose your home ..everything you own AND EVEN YOUR LIFE MUCH LESS SAVE YOUR PETS...this really puts life into perspective...you will weather this storm for sure with your outlook

[rdrd]

Worst decision that cost the most… marrying my ex husband 😂😂😂 great video Nic…❤

[rocksolid]

The worst decision I made was moving to Arkansas during the 2020 covid crisis. I was going to live "rent free" in tiny house on what I was told to be my property. It cost me more than I could afford. Too many mistakes because I did not know myself well enough. The most expensive camping trip I have been on.

[helenconcepcion]

As far as the jeans go… check with a local dry cleaner. Sometimes they do mending or repair. Get them to slice the sides open along the seam and sew in a black satin ribbon. That will get u the size up that you need. Ironically they will also match your mistake purse for an ‘elevated’ casual look. I like the idea of holding on to them as a reminder not to make the mistake again but you could at least get some use out if them.

[dianemayberry]

The worst financial decision I ever made was to pay for and actually go on a cruise with people I did not know well and did not really care for all to impress the guy who was organizing the whole thing. But I was so miserable the whole time and questioning how I could have possibly made such a horrible bad decision to waste my money!

[lisaaxe]

Biggest, out of MANY financial mistakes I’ve made, was not planning for retirement🥴

[joannejohnson]

When I regretted mistakes like this my Mum reassured me “At least you’re not making the same mistake twice.“. That was true so luckily I learned things. However, I have learned one biggie that you didn’t mention. Never, under any circumstances sign your name to anything (contract, loan, co-signature etc)that involves another person. Don’t sign on for a debt that you aren’t 100% sure of (ex. a spouse wants to buy a motorbike on credit and needs you to sign a loan app). Or, do not enter into a business with another person (even a spouse) if you have any trepidation at all. I have learned this the very hard way. Please can you do a video about the implications of cosigning (on your credit profile, on your relationships, on your future purchases). Hand in hand with this is not lending money unless you are willing to gift it to the borrower.

[annsaeli]

Seller's remorse is a real thing and I am positive it caused my depression and all that went with it. If you're in a house you love, stay there. Don't buy a "better house. I made this mistake. TWICE.