I’m 28, I have two painful financial stories that almost destroyed me cause I was too dumb.
I did not listen to others and believed that I was really in love on the first scenario and in the 2nd scenario was I tried to earn back my money but I got even more poor.
The evil boyfriend
I let my boyfriend when I was 21 take out a handphone line in my name.
After a terrible break up, I got a phone call about the almost $1k bill he rang up calling adult entertainment lines and allowing his mom to make international calls.
When I called him about it he basically told me to F off. Valuable lesson learned — do not let people take contracts out in your name, you’re stuck paying for it no matter how unfair it is.
Investment gone wrong
After losing some money with my dumb ex, I tried getting myself in the stock market and tried to invest but I had no idea what I was doing.
I bought a bunch of AMRN stock when it was at $13. I had never done any kind of investing before and I put in an amount I was comfortable losing. The value is pretty much down to nothing comparatively. I kept holding on to it as it kept going down. I learned there’s a time to cut your losses and that random people on the internet are not always good sources for investing advice.
Today the stock price is around $1.30, meaning I lost almost everything.