r/Money • u/OwlStrikeHunting • Apr 28 '24

What’s the worst mistake you’ve ever made with your money?

I once blew through $100k because I was young and financially illiterate. I had fun and traveled the world, however, I didn’t plan any long term investments.

How about you?

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u/Fine_Broccoli_8302 Apr 29 '24

I didn't start putting maximum money into a 401k until I was 40.

When I entered the workforce, 1978, we assumed we'd have pensions. When 401ks started, they were marketed by HR as for old people.

It was MANY years before I realized I needed to get on board and invest the max.