Did you ever make a financial decision that was illogical that worked out ok?

Asked by JLeslie (65790

) May 11th, 2019 from iPhone

One where you knew you shouldn’t spend the money, but there was an opportunity that might not come up again so fast. A house, car, boat, collectors item that is rare or one of a kind. I’m talking about relatively big purchases.

I never have. I’ve always passed on material items in favor of feeling like my finances will be easy.

Now, I have this sort of situation in front of me, and not sure what to do.

I’m not talking about putting oneself in a position of not being able to pay bills, I’m only talking about using savings, or increasing bills vs not.

Does it always wind up being a mistake in your experience?

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6 Answers

I haven’t, but Rick does all the time.

Dutchess_III (47126

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I’m not a gambling woman. If I thought I should not spend the money, even if it were for something that is likely to be a one time opportunity, I wouldn’t do it.

Kardamom (33525

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I’m very cautious with my money. Feeling financially secure is very important to me.

janbb (63257

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At the race track I saw a horse rear up and I but $2 on it. I won $8.15.

RedDeerGuy1 (24986

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I put one quarter in a video lottery terminal, or VLT, and I won $25 for five peaches.

RedDeerGuy1 (24986

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I am highly risk averse. One time I made a serious gamble in the stock market. The value of Apple had fallen after Steve Jobs left the company. I knew that people who had Apple computers were very loyal. Jobs was returning. I asked myself how much I could afford to lose without being devastated, which at the time was not a whole lot. I bought shares in Apple and held onto it, and things worked out rather well.

LostInParadise (32215

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