What was the biggest financial mistake you made that you still regret to this day?

The biggest financial mistake I made is the same one most middle class americans make as soon as they start making a little money.

Buying a german luxury sedan

This was essentially the exact car I bought, at 25 years old.

Instead of focusing on paying off my student loans I thought

“Bahh, I’ll just make payments and buy this fancy expensive super fast car because I work hard and I deserve it!”

Apparently what I deserved were big monthly payments, big maintenance bills and rapid depreciation and working tons of hours to fund my expensive lifestyle.

After a couple years of learning about personal finance I came to realize that one of the reasons I was broke was because I was spending all my money on crap I didn’t need.

Crazy idea right?

And the amount of money I was paying for my car + insurance + gas was about on par with my rent.

F**king financial disaster.

I eventually sold the car, bought another car I quickly paid off and I’m on my journey to being 100% debt free.

I am about 11 months away currently.

Now I believe I deserve peace of mind rather than expensive stuff and the accompanying headache.