investing

6 personal tales of bad financial decisions

Buried under a pile of debt
Buried under a pile of debt © jason cox/Shutterstock.com

"When I was a carefree bachelor stationed in Germany, I lived life to the hilt. I traveled a lot. I went out a lot. I charged a lot."

That's how Jason Hull of Crowley, Texas, describes the time he had overseas in the U.S. Army. Returning to the U.S., he sold his car, bought a new one with cash, and used the rest to fully pay off his credit card debt.

But 18 months later and one semester into law school, he had amassed a five-figure credit card debt. A confession to his soon-to-be fiancee, who stuck by him, "gave me the impetus I needed to stop the madness and arrest the slide," he says.

Now he helps others from making bad financial decisions. Hull is a practicing financial planner who is nearing completion of his Certified Financial Planner professional certification. "Few reliefs are as great as the feeling of having the burden of debt lifted from your shoulders," he says.

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