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My worst money mistake

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Comments

  • Mortgage_Reduction_Novice
    Mortgage_Reduction_Novice Posts: 1,775 Forumite
    I voluntarily repaid £6000 to my student loan straight after graduating. I did it because I made a spreadsheet and the interest that was going to be added to the total debt whilst pursuing a PhD made me wince.
    MFW: Nov 2008 £156k, Jun 2015 £129k, Jun 2017 £114k.
  • HAMISH_MCTAVISH
    HAMISH_MCTAVISH Posts: 28,592 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    Many owners swear it comes from the cars propensity for being Towed, Vibrating and Rusting.
    “The great enemy of the truth is very often not the lie – deliberate, contrived, and dishonest – but the myth, persistent, persuasive, and unrealistic.

    Belief in myths allows the comfort of opinion without the discomfort of thought.”
    -- President John F. Kennedy”
  • ILW
    ILW Posts: 18,333 Forumite
    Loughton_Monkey wrote: »
    Company formed around 1949 by Trevor Wilkinson. TVR comes from TVR in the name 'Trevor'.

    Had he been called Batholemew, it would almost certainly have been called BMW

    I drive a Trevor, really does not sound as cool.
  • ess0two
    ess0two Posts: 3,606 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    HAMISH_MCTAVISH wrote: »
    Many owners swear it comes from the cars propensity for being Towed, Vibrating and Rusting.

    A funny shaped car with Ford running gear.
    Official MR B fan club,dont go............................
  • HAMISH_MCTAVISH
    HAMISH_MCTAVISH Posts: 28,592 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    ILW wrote: »
    I drive a Trevor, really does not sound as cool.
    ess0two wrote: »
    A funny shaped car with Ford running gear.

    About sums it up.... :)
    “The great enemy of the truth is very often not the lie – deliberate, contrived, and dishonest – but the myth, persistent, persuasive, and unrealistic.

    Belief in myths allows the comfort of opinion without the discomfort of thought.”
    -- President John F. Kennedy”
  • Loughton_Monkey
    Loughton_Monkey Posts: 8,913 Forumite
    Part of the Furniture Combo Breaker Hung up my suit!
    ess0two wrote: »
    A funny shaped car with Ford running gear.

    Which adds up.

    Ford stands for "Fix Or Repair Daily".
  • ILW
    ILW Posts: 18,333 Forumite
    Loads Of Trouble Usually Serious.
  • themull1
    themull1 Posts: 4,299 Forumite
    That i didnt buy a house when i was 18 for £18,000, they're now worth about £100k.
  • Loughton_Monkey
    Loughton_Monkey Posts: 8,913 Forumite
    Part of the Furniture Combo Breaker Hung up my suit!
    ILW wrote: »
    Loads Of Trouble Usually Serious.

    Poor Old Nigel Thinks It's A Cadillac.
  • fc123
    fc123 Posts: 6,573 Forumite
    Worst ever was OH went out and 'bought' a Freelander on HP in 2002 without even consulting me.:(
    This Freelander was going to be his 'forever' car he said (like, how can a car be a forever car?).

    I think it cost 22k then add interest of HP on top. The 1st engine blew up within the warranty period so was replaced for free ....but then it used to break down every 4 months with some problem or another. Each breakdown would cost about £600+ in repair bills.

    In the end she had 4 new engines ;
    No 1 was free
    no2 was £1200
    no 3 was free (as no 2 blew up after a month)
    no 4 was £1700
    and then she had new of practically everything else.
    Each time she broke down and we paid out a repair we said' she's got to go' but then left it.

    Also, juicy wasn't the word, I have never known a car to use so much fuel.

    In the end he got shot of her this year as she just died in the middle of the road one day (electrical fault apparently).


    We have made lots of mistakes business-wise but each experience has been like a lesson so I don't count those.:) and we have made good calls too so I don't beat myself up on those.

    2nd worst was not buying shares in a company we were dealing with as I knew they were building them up. Irony was we didn't have the spare £££ to buy any as we needed every penny for cashflow to be able to supply the orders.
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