What has been your biggest financial loss?

Tommy-G · 03-02-2021, 09:45 AM

in your lifetime so far. Doesn't have to be the physical number if you don't want to share that

ShopVac · 03-02-2021, 09:46 AM

Getting married. Lost my ability to do any banking...

ASAP · 03-02-2021, 09:46 AM

All the BMWs I bought lol

hooligan_G01 · 03-02-2021, 09:52 AM

Divorce.

dtox9 · 03-02-2021, 09:54 AM

D-I-V-O-R-C-E
Nothing else even compares on any scale.

DocL · 03-02-2021, 09:55 AM

Add up how much I've spent on cars, subtract how much I sold them for and the loss is pretty impressive. Especially the one's I blew up motors with multiple times.

CTinline-six · 03-02-2021, 10:13 AM

Taxes, I never seem to quite get what I expect in return.

cmyx6go · 03-02-2021, 10:19 AM

Getting divorced...Ouch. My house and everything in it, half my 401K and a chunk of change one time payout to avoid lifetime alimony.

Smgs1992 · 03-02-2021, 10:40 AM

College loans didnt receive enough money to finish school and had to drop out after 2yrs now where i work has absolutely nothing to do with what i was going to school for. Huge waste of money

hooligan_G01 · 03-02-2021, 10:43 AM

Quote:

Originally Posted by cmyx6go

Getting divorced...Ouch. My house and everything in it, half my 401K and a chunk of change one time payout to avoid lifetime alimony.

Luckily we were pretty young, so we didn't have much, but I did walk away from the equity in the house, all the contents except for my clothing, etc. I kept my 401K and she kept hers. Happily no children were involved.

Mardio · 03-02-2021, 10:54 AM

I went commercial fishing in Alaska one summer when I was 18. I then smartly flew to Vegas to "double my money" on black jack. We all know how the story ends, I never gambled again lol.

Tommy-G · 03-02-2021, 11:08 AM

Quote:

Originally Posted by Mardio

I went commercial fishing in Alaska one summer when I was 18. I then smartly flew to Vegas to "double my money" on black jack. We all know how the story ends, I never gambled again lol.

No Regerts

kscarrol · 03-02-2021, 11:26 AM

Hurricane Katrina... House and contents (for the most part) lost. Had flood insurance but still multiple six figure hit.

King Rudi · 03-02-2021, 11:34 AM

First marriage, then kids, then divorce, then marriage, then divorce. Sprinkle a few lost jobs(/careers) in there.....yep, that'll do it.

Funny how when the kids moved out, I started keeping women at arms length and both of the ex-wives disappeared, suddenly I could afford nice things and to save money again.

GOLFFRR · 03-02-2021, 11:37 AM

Mods

fiveohwblow · 03-02-2021, 11:39 AM

COVID plain and simple.

Second to that was the housing crisis of 2008ish as we needed to sell our home that year and it was less than ideal.

OkieSnuffBox · 03-02-2021, 11:44 AM

A tie between a car habit and divorce.

In the divorce I let her keep the house because I wanted to try to move out of the state, unfortunately I wasn't able to pull that off. But then the week after it was finalized I was laid off.

MKSixer · 03-02-2021, 11:55 AM

A few...

$300K on a biz deal when I was 33 and got stabbed in the back by my alleged partner to the president of the company we worked for. It would be about $1.2 million in todays dollars.

$450K/2 by an investor who was to cover part of a research project. He was brought up on charges about more fraud later. My partner and I covered the loss to the company.

Not buying 10000 shares of Tesla at 25/share with a bonus payment because I chickened out. That's about $28,000,000 in at today's trading rate.

Where is that bottle of tequila I keep?!?!!

UncleWede, did you move it again?!?!!

MKSixer · 03-02-2021, 11:56 AM

Quote:

Originally Posted by ASAP

All the BMWs I bought lol

And the ones you keep getting repaired...

MKSixer · 03-02-2021, 11:57 AM

Quote:

Originally Posted by hooligan_E84

Luckily we were pretty young, so we didn't have much, but I did walk away from the equity in the house, all the contents except for my clothing, etc. I kept my 401K and she kept hers. Happily no children were involved.

Yet another thing we have in common. I kept my cars, as well and the things in the office. I still make the house payment.

tcphoto · 03-02-2021, 12:01 PM

I trusted a longtime friend with a five figure investment, did I mention he's now a former friend? After several attempts to reconnect, he never told me exactly what happened.

Joekerr · 03-02-2021, 12:12 PM

Quote:

Originally Posted by tcphoto

I trusted a longtime friend with a five figure investment, did I mention he's now a former friend? After several attempts to reconnect, he never told me exactly what happened.

That's easy - hookers and blow.

He's just reticent to share this with you because you weren't invited to the festivities and now he feels a little bad.

03-02-2021, 09:45 AM	#1
Tommy-G Captain 4605 Rep 694 Posts Drives: 2015 435 Vert Alpine White Join Date: Apr 2010 Location: Bradenton FL iTrader: (0)	What has been your biggest financial loss? in your lifetime so far. Doesn't have to be the physical number if you don't want to share that
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03-02-2021, 09:46 AM	#2
ShopVac Not willing to take advice 4587 Rep 1,575 Posts Drives: F82 M4 - 6MT Join Date: May 2010 Location: PA iTrader: (1) Garage List 2014 Porsche 981 Bo ... [10.00] 2018 BMW M4 [9.87] 2023 Genesis GV70 [8.25] 2014 Audi S4 [8.25]	Getting married. Lost my ability to do any banking...
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03-02-2021, 09:46 AM	#3
ASAP Major General 10856 Rep 9,026 Posts Drives: '23 X3 M40i Join Date: Sep 2012 Location: FL iTrader: (0)	All the BMWs I bought lol
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03-02-2021, 09:52 AM	#4
hooligan_G01 Space Shuttle Door Gunner 6535 Rep 5,421 Posts Drives: 2023 Golf R Join Date: Nov 2017 Location: Back in the Mitten iTrader: (1)	Divorce.
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03-02-2021, 09:54 AM	#5
dtox9 Second Lieutenant 355 Rep 224 Posts Drives: '17 X5 F15 Join Date: May 2020 Location: Florida iTrader: (0)	D-I-V-O-R-C-E Nothing else even compares on any scale.
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03-02-2021, 09:55 AM	#6
DocL Captain 2098 Rep 944 Posts Drives: 2018 M3 Comp 6spd Join Date: Jan 2019 Location: Delray Beach iTrader: (2)	Add up how much I've spent on cars, subtract how much I sold them for and the loss is pretty impressive. Especially the one's I blew up motors with multiple times. __________________ 2018 F80 M3. YMB/BLK. ZCP. Three Pedals. "Education will never be as expensive as ignorance."
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03-02-2021, 10:13 AM	#7
CTinline-six Hoonigan 6941 Rep 3,016 Posts Drives: '09 328i, '98 Wrangler Join Date: Dec 2016 Location: Connecticut iTrader: (0) Garage List 2009 BMW 328i N51 [0.00]	Taxes, I never seem to quite get what I expect in return. __________________ "Yeah, but your scientists were so preoccupied with whether or not they could, they didn't stop to think if they should." -Dr. Ian Malcolm, Jurassic Park
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03-02-2021, 10:19 AM	#8
cmyx6go Colonel 16807 Rep 2,088 Posts Drives: 2022 X6///M Comp Join Date: Aug 2015 Location: NYC iTrader: (2) Garage List 2019 X6 ///M [10.00]	Getting divorced...Ouch. My house and everything in it, half my 401K and a chunk of change one time payout to avoid lifetime alimony. __________________ I thought I was a good person but the way I react when people drive slowly in the left lane would suggest otherwise
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03-02-2021, 10:40 AM	#9
Smgs1992 Captain 726 Rep 946 Posts Drives: 2007 bmw 335i Join Date: Apr 2020 Location: Cincinnati ohio iTrader: (0)	College loans didnt receive enough money to finish school and had to drop out after 2yrs now where i work has absolutely nothing to do with what i was going to school for. Huge waste of money __________________ 07 E92 335i 6MT, MMP inlets, DCI, VRSF 7.5 competition intercooler, VRSF catless downpipes, VRSF chargepipe, 335is clutch, Vader Solutions stage 2 LPFP, MHD stage 2+, Hawk HPS 5.0 pads, R1 Concepts drilled slotted rotors, TSW Nurburgring 19x8 19x9.5
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03-02-2021, 10:54 AM	#11
Mardio Brigadier General 197 Rep 3,211 Posts Drives: 2017 X5 Join Date: Jun 2006 Location: Nashville iTrader: (0)	I went commercial fishing in Alaska one summer when I was 18. I then smartly flew to Vegas to "double my money" on black jack. We all know how the story ends, I never gambled again lol.
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03-02-2021, 11:26 AM	#13
kscarrol Brigadier General 9560 Rep 4,130 Posts Drives: 2021 X3 M40i, 1974 2002 Tii Join Date: Jun 2010 Location: Greenville, SC iTrader: (0)	Hurricane Katrina... House and contents (for the most part) lost. Had flood insurance but still multiple six figure hit. __________________ 2021 X3 M40i 1974 2002tii, Inka, 5 sp manual BMWCCA # 327475
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03-02-2021, 11:37 AM	#15
GOLFFRR 11171 Rep 27,930 Posts Drives: GOLFFRR cart Join Date: Mar 2009 Location: we sell BMWs to "ALL" US states iTrader: (4)	Mods __________________ BEFORE YOU BUY YOUR NEXT BMW, EMAIL OUR GUY KOTE FIRST! Kote M Sales:Kotem@bmwofcamarillo.com Cell:805-368-9101 vipfinance@bmwofcamarillo.com for warranties!
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03-02-2021, 11:39 AM	#16
fiveohwblow Major 3633 Rep 1,397 Posts Drives: F15, E46 & M3, F82 Join Date: May 2016 Location: Desert SW iTrader: (2)	COVID plain and simple. Second to that was the housing crisis of 2008ish as we needed to sell our home that year and it was less than ideal.
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03-02-2021, 11:44 AM	#17
OkieSnuffBox Major 1805 Rep 1,011 Posts Drives: '13 135i Join Date: Jan 2018 Location: OKC, OK iTrader: (0)	A tie between a car habit and divorce. In the divorce I let her keep the house because I wanted to try to move out of the state, unfortunately I wasn't able to pull that off. But then the week after it was finalized I was laid off.
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03-02-2021, 11:55 AM	#18
MKSixer Lieutenant General 34122 Rep 11,637 Posts Drives: 2015 BMW i8, E63 M6, 328d Join Date: Jun 2015 Location: Southeast United States iTrader: (0) Garage List 2016 M4 GTS (Allotted) [0.00] 2013 BMW 328d [0.00] 2007 BMW M6 [10.00] 2015 BMW i8 [10.00]	A few... $300K on a biz deal when I was 33 and got stabbed in the back by my alleged partner to the president of the company we worked for. It would be about $1.2 million in todays dollars. $450K/2 by an investor who was to cover part of a research project. He was brought up on charges about more fraud later. My partner and I covered the loss to the company. Not buying 10000 shares of Tesla at 25/share with a bonus payment because I chickened out. That's about $28,000,000 in at today's trading rate. Where is that bottle of tequila I keep?!?!! UncleWede, did you move it again?!?!! __________________ Several actors have played James Bond, Sean Connery IS James Bond... Sir 7ewis, 7X FIA Formula One World Championship, World Driving Champion. 100 Wins. 101 Pole Positions. 54 Fastest Laps. Actual Rain Master. Leave me to it, Bono. One Race Win in each of his 15 years in F1. Most Laps Led in Formula One. The Centurion.
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03-02-2021, 12:01 PM	#21
tcphoto Brigadier General 4143 Rep 3,240 Posts Drives: E92 335i 6MT Coupe Join Date: Dec 2009 Location: Nashville, TN iTrader: (1)	I trusted a longtime friend with a five figure investment, did I mention he's now a former friend? After several attempts to reconnect, he never told me exactly what happened. __________________
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