Comments on: Bad Money Decisions

By: Dave Ozment

Dave Ozment — Sat, 27 Mar 2010 14:32:58 +0000

Agreed, learning is key

By: Custom Motorcycle

Custom Motorcycle — Thu, 25 Mar 2010 20:10:12 +0000

We all make mistakes like that, the key is making sure you learn from them!
Custom Motorcycle´s last blog ..2008/2009 Winter Streetfighter Motorcycle Buildoff part 1

By: Dave Ozment

Dave Ozment — Wed, 20 May 2009 03:13:15 +0000

Wow. sounds like a great bike! He certainly went all out with the custom job. I hope he’s still enjoying it. While buying mine was a poor decision tactically, it remains one of my favorite things to do. I guess that’s worth something now that I’m out from under the debt.

Thanks for sharing… and perhaps you’ll have to post and link a pic of the bike!
Dave

By: Money Funk

Money Funk — Wed, 20 May 2009 03:06:50 +0000

Darn, I was hoping I had a pic online to show you of the one my husband bought himself with a 2nd on the house. It’s a Custom Soft Tail… extremely nice. But, it was still a bad purchase regarding the finances. But, all the men friends were having one built and he wanted to join in on the fun. ha! Now the boys are onto boats… Needless to say, I had to put my foot down on that one. We’re still paying on that $25K Custom.

Money Funk’s last blog post..(Near) No Spend Month Project

By: Dave Ozment

Dave Ozment — Tue, 12 May 2009 16:35:56 +0000

Yeah, it’s really a funny story with the bike…. it was a bad decision but it also was a mental hurdle that originally kept me from really listening to Dave Ramsey. Somehow I just knew he’d tell me to sell the bike. But I sucked it up and started listening… I applied his percentages relative to income and vehicles and I was ok so I exhaled a little. I could have still sold the bike but when I figured what it would bring against my monthly snowball it didn’t make much difference.

Now that I’m on the other side of most of my non-mortgage debt – I’ll kill the rest once I land a job – I’m glad I have the bike. It is a blast and one of my favorite things to do and enjoy…. but it’s also a reminder of how I need to remain in more control over my spending!

Thanks for commenting! I always love the dialogue.
Dave

By: Brandon

Brandon — Tue, 12 May 2009 13:53:48 +0000

Been there, done that, and got the T-shirt. Great post Dave, thanks for being candid about your personal financial life. We all make those types of moves for all the wrong reasons, but I'm glad you still have the bike. It didn't hurt you enough that you had to fire sale it or anything! Keep enjoying it for years to come, that will bring your average cost per unit of personal enjoyment down significantly! Brandon’s last blog post..April Blog Income Report

By: Dave Ozment

Dave Ozment — Mon, 11 May 2009 20:49:07 +0000

Ha, I bet when you recall that trot its like the scene in the Natural with the scoreboard exploding and sparks flying!

Thanks and looking forward to the Carnival next week!

Dave

By: PT Money

PT Money — Mon, 11 May 2009 20:26:53 +0000

Nice story, Dave. One of my stupid mistakes was using extra student loan funds to buy one of those suped-up, double-walled softball bats. I hit my first career home run that year, but I'm still paying off those loans. That trot around the bases is one I'll never forget though. Nice looking bike. Looking forward to sharing your story in the Carnival of Money Stories next week. PT Money’s last blog post..Are You Obsessed with Money?

By: Dave Ozment

Dave Ozment — Mon, 11 May 2009 18:46:30 +0000

You are so right…. sometimes the smaller ones are more deadly because they are the most innocent and easiest to rationalize… but they sure do add up.

Ha, speeding tickets are also perfect little budget busters too…. I’ve certainly experienced those over the years!

Thanks for sharing!
Dave

By: Maria @ Residual Income Web

Maria @ Residual Income Web — Mon, 11 May 2009 18:36:42 +0000

I haven't made many huge money mistakes, but little ones (buying gas and groceries on a credit card when we were broke) can sure ad up. I got a $130 speeding ticket the other day and was quite annoyed -- what a way to throw away money! Maria @ Residual Income Web’s last blog post..Record Passive Income Day