My Experience on Poor Financial and Spending Decisions.

Hello everyone! Trust y'all had a good day.

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Just like any other bad habit, poor financial and spending decisions can have negative consequences.

Making poor financial decisions can lead to a lot of stress and frustration. It can also cause anxiety and depression, as well as other negative effects on your mental and physical health.

I went through a time in my life when I made a lot of poor financial decisions and spent money unwisely. I still regret this, but I have learned from the experience and am now more careful with my money.

This happened in the second half of last year. At the time, there were a lot of Ponzi schemes emerging, promising people high returns on their investments.

These are investment scams where people are asked to invest a certain amount of money with the promise of double or more in return. These investments are often too good to be true and end up being a scam. For example; investing 20000 to collect 40000

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I didn't fully understand what it was all about. A friend had luck with the scheme and introduced it to me and a few others. We were shown some proof of the high returns and convinced to invest as well.

We were excited about the promised returns and asked our friend not to tell anyone else so we could keep it a secret. Some of us clicked on the website and invested right away. We were promised our rewards in 7 days.

I didn't have enough money to invest, so I called my mother and asked her for some money. I told her I needed it for school, which was a lie. I told her I needed it right away, so she borrowed the rest from my father. I felt terrible about lying to her, but I was blinded by the possibility of quick money.

I was thrilled that I was going to have the money. I called my friend and asked her to invest it for me. I was so excited about what I would do with the money once I got it. I started fantasizing about all the things I could buy with the money and did some window shopping. I was caught up in the fantasy.

A few days later, I realized that my excitement was misplaced. I went to school and noticed that my friends seemed upset. No one was talking about the investment and everyone seemed tense.

My friends were upset and not talking to each other. One of them was crying in the school yard. I went up to them and asked what was wrong, but no one wanted to tell me.

Finally, one of my friends told me what had happened. The investment platform had crashed and all the money was lost. I was shocked and devastated. I felt terrible for having lied to my mother and causing her to lose money. After that experience, I vowed to be more honest and careful with money.

My advice to anyone reading this is to avoid getting involved in any kind of Ponzi scheme. These schemes are designed to take advantage of people and often result in financial loss. It's not worth the risk.

Thanks for reading...

I am @mummygo
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