As the saying goes, hindsight is 20/20 — especially when it comes to mistakes in financial moves. From the dream car turning into a lemon to smoking your son’s college savings, we asked other popular personal finance bloggers what their worst financial moves were, here are seven financial moves that ended badly:
What characterizes a recession? Panic, desperation, overreacting – in other words, the opposite of clear thinking. This is especially the case in the business world. Unfortunately, many companies fall victim to mistakes that are a result of allowing the market to wholly dictate their business moves. Because often times, what seem like good ideas at the time, simply are not. The following are some of the most common mistakes that businesses make from this paradigm, that actually end up costing them in the long run:
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