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If you could live your financial life again, what would you do differently?

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Don Southworth
Don Southworth
2 months ago

Rent my house in California and not sell it.

John Wood
John Wood
3 months ago

Rent in a neighborhood that I wanted to live in before I could afford to buy there, rather than buy in a lesser neighborhood just to own a home (whose value when I sold it ended up being about the same as just renting it).

tshort
tshort
3 months ago

I made all the classic mistakes, and also didn’t have access to after tax 401k/IRA. If I did it over again:

  1. max out ROTH 401k and/or ROTH IRA contributions.
  2. manage IRA contributions so that I could do a mega backdoor ROTH conversion at some point.
  3. Except for maxing out the employee stock purchase plan (which I did and it worked very well), don’t buy individual stocks (I lost 50% in the Dot Bomb collapse) – invest only in index funds and manage the entire portfolio (a Lazy Portfolio at that) to a single asset allocation, set to 80/20 (back when I was in my 30s-40s).
Lehman Brown
Lehman Brown
3 months ago

I would have invested in low-cost index funds, instead of purchasing GE stock through employer. I would have paid taxes on contributions to 401K. I would fully maximize 401k Roth opportunities! I would have been a little more aggressive in stock allocation versus bonds.

Tony Brady
Tony Brady
3 months ago

When I was a younger worker just learning about investing, I bought stocks instead of index funds. I would have also paid greater attention to asset location between my pre-tax and taxable accounts.

Kurkyboy
Kurkyboy
4 months ago

I would have taken my own advice and not traded my accounts as much

Jeff Bond
Jeff Bond
6 months ago

I would confront my now ex-wife about the dramatic change in her spending habits and lack of discipline.

Juan Fourneau
Juan Fourneau
6 months ago

Listened to my gut more when I was in my mid to late twenties. I finally began to make a good living and rather than live frugally I bought a house and a new car. If I had lived like a student for even 5 years while I was still single I could have made some more substantial investments.

Michael1
Michael1
8 months ago

Never carry credit card debt. Haven’t in many years, but didn’t figure this out early enough.

Pat Roach
Pat Roach
8 months ago

Instead of starting drawing social security at age 62, I would have waited until I turned 70.

Jeff
Jeff
6 months ago
Reply to  Pat Roach

If you live long enough you be about the same as if you waited.

Nicholas Clements
Nicholas Clements
9 months ago

I am a conservative investor but I do wish that in my younger years that my portfolio was more heavily weighted towards stocks.

R Quinn
R Quinn
9 months ago

I would have been a bit more aggressive with investments. And I would have used Roth accounts as soon as they were available.

Sonja Haggert
Sonja Haggert
9 months ago

I would save more and learn about stock market investing earlier. We spent too much on mutual fund fees and taxes when we could have been buying stocks.

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