investing

6 personal tales of bad financial decisions

Buying into 'As seen on TV'
Buying into 'As seen on TV' © Iofoto/Shutterstock.com

"When I made a relationship mistake back in 1990, I never dreamed it would define my financial future and haunt me for the rest of my life," says LinDee Rochelle, a San Diego-based writer.

That mistake was quitting her job to join her then-boyfriend in a business venture: selling "as seen on TV" products. The business was in her name and all was well at first, "until he began spending the dollars, which were supposed to go back into products and living expenses, on drugs," Rochelle says.

Rochelle isn't a drug user herself, but she stayed with him longer than she should have. The relationship "influenced my financial decisions to the point that I lost everything," she says.

She took on several low-paying jobs, including one that involved relocating for 12 years before returning to San Diego just as the recession began in late 2007.

"I was never able to recover or save for retirement," she says. In hindsight, Rochelle recognizes the importance of having a backup plan and acknowledges that "relationships and financial decisions should be kept separate."

advertisement

          Connect with us
advertisement
CD & INVESTING NEWSLETTER

Learn the latest trends that will help grow your portfolio, plus tips on investing strategies. Delivered weekly.

CDs and Investment

Start retirement savings at 24?

Dear Dr. Don, At age 24, I recently started a job working for a corporation. I'm interested in individual retirement accounts. I'd like to look at investing in stocks and bonds and learn more about choosing a 401(k) plan.... Read more

advertisement

Blog

Jean Chatzky

Jean Chatzky: Bad month for the market?

How should you react to headlines that tell you a crash is imminent?  ... Read more

Partner Center
advertisement

Connect with us