Everyone has one of these. The point of this question is to think about your life and think about a decision you've made that had a impact to you. For me most people would say my biggest mistake was buying a new BMW about 10 years ago. Honestly for a $$ point of view it probably is. But let me tell you I still own the car and I still love driving it. I keep very good care of it and plan to keep it for another 5-10 years. To me after learning more about personal finance not investing in a Roth IRA since I started working at 15 was my biggest mistake. Lost opportunity.
This also got me thinking what is my biggest financial mistake that effects me day to day. My biggest mistake is my taste for technology and wanting the best. Now I don't go out an buy every new gadget when it comes out. But when I have to replace one of my gadgets I usually buy the best I can find. Like my phone I replace it every 3-4 years, but I usually buy the newest iPhone out. I'm sure I'm not the only one, but others things people say is their daily coffee, eating, or driving instead of walking.
The thing about these mistakes or better yet; life missteps is to learn from them. Now you can't do anything about the past except to not repeat it, but you can start making changes to your daily missteps.
Pass on what you've learned. It doesn't do anyone any good besides yourself if you don't tell someone. This is why we have history in school to help not repeat the mistakes of the past. This does for our financial history. If you don't pass it on it can't help anyone.
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