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You might envision someone getting into credit card debt over impulse purchases or postponingsaving for retirement.
What about good financial decisions, like buying a home or making an investment?
GOBankingRates spoke with two professionals about the bad financial decisions they made in their twenties.
Heres where they went wrong and how they have sincerecovered their finances.
Getting an education was the best way to course correct his mistakes.
Shayani said he enrolled in real estate courses to better understand the market.
Buying a House
When R.J. Weiss got married in his mid-twenties, he bought a house afterward.
This decision turned out to be a big mistake.
It was the next step he was taking in life.
The timing also seemed perfect.
We didnt love the area as there was nobody our age, said Weiss.
We were still finding our footing in our careers.
My wife changed jobs shortly after moving, which resulted in a longer commute.
Less than three years later, they moved.
After moving, the couple did not rush into immediately buying another home.
Today, Weiss said they have been living in that home for over a decade.
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