What was your worst financial mistake?

Prokopchuk_9 · August 2, 2013

I love it when I hit the bullseye.

so long

j-ten-ner

Carder09 · August 2, 2013

I make bad financial mistakes all the time. Bills are one of them lol. Not to mistake this with late payments but rather paying for over priced crap cause CEO'S want to keep stuffing them pockets.

mikemac4498 · August 2, 2013

Besides the usual credit card mistakes, I think the biggest mistake I made was trading in my last truck. I had an '06 Z71 Crew Cab Sierra with maybe 42k on it. There was nothing wrong with the truck and it was paid off. When I went to the dealership with my wife when she bought her '11 Traverse I was looking at the SIlverados. I decided to trade my truck in on an '11 Z71 Crew Cab Silverado. Basically the same truck, but newer body with the AFM and I liked that it had the rear sensors and rearview camera built it (having two small kids that play in the driveway it always made me nervous backing in or out of the driveway). So, now I've got a truck payment and I'm dealing with the oil consumption issue and I really haven't seen much in the ways of my MPG getting any better. The only thing I'm glad I did do was get the 7 year 120k B2B extended warranty since I have no plans on trading this truck in.

Mckenzie · August 2, 2013

What are most people doing in Alberta or wherever it is yall are talking about to make that much money?

MikeNH · August 2, 2013

What are most people doing in Alberta or wherever it is yall are talking about to make that much money?

Oil field or related work. Google Alberta oil sands.

Badass69 · August 2, 2013

What are most people doing in Alberta or wherever it is yall are talking about to make that much money?

Business owner. Semi specialized. Currently work oil but have worked gas, foods and coal mines as well. Not hard to make money here if you have some brains and ambition. In fact during a boom you can be stupid and lazy and still make a 6 figure income.

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Badass69 · August 2, 2013

Oil field or related work. Google Alberta oil sands.

More than just that. Coal, forestry and other types of oil extraction really. Pretty diverse here actually. Lots of heavy primary industry. Creates a lot of spinoff work that people don't realize either. Natural gas was huge but its low price hinders that.

You can be a knuckle dragging educationless monkey that is a welders helper and make 6 figures a year when its busy.... first whiff of a slow down though and good luck with that.

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Mckenzie · August 3, 2013

Interesting stuff y'all...I'm going to have a degree in natural resource management with a minor in wildlife biology in a year...any jobs up there I could make good money with with my degree ? Or would I be best to just try for the oil patch work

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Badass69 · August 3, 2013

You could work here with your background sure. You will be dealing with industry and resource management likely. The money wouldn't be as good but that's life. Do some job searches for Alberta and see. You would likely have to live here ad I don't see anyone hiring a citizen of another country for it. You never know.

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Prokopchuk_9 · August 3, 2013

What are most people doing in Alberta or wherever it is yall are talking about to make that much money?

ive been in a mining equipement repair backround since 04, machinist by trade but basically do all types of in shop and field repairs (line boring, flange facing, portable milling). But any fella with work boots, a heart beat and a little ambition can make 6 figure easily. Almost 10 years out here now, never been laid off, never looked longer than 2 days for a new job and have always made good money. The work isnt going away, especially with our prime minister announcing a new pipeline proposal that will feed over 1 million BPD to our east coasters. The plants up here are just dying for more pipeline, they cant expand anymore until they have somewhere to send it. so they are pushing. By 2020 expected output from alberta is supposed to be over 3 million BPD. Even at that rate of extraction the mines will last another 60 years. so plenty of work to go around.

Prokopchuk_9 · August 3, 2013

Interesting stuff y'all...I'm going to have a degree in natural resource management with a minor in wildlife biology in a year...any jobs up there I could make good money with with my degree ? Or would I be best to just try for the oil patch work

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im sure you could find a good paying job working with some type of land reclamation crew of some type. work for everybody.

Prokopchuk_9 · August 3, 2013

More than just that. Coal, forestry and other types of oil extraction really. Pretty diverse here actually. Lots of heavy primary industry. Creates a lot of spinoff work that people don't realize either. Natural gas was huge but its low price hinders that.

You can be a knuckle dragging educationless monkey that is a welders helper and make 6 figures a year when its busy.... first whiff of a slow down though and good luck with that.

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that other stuff you mention is very small in scale compared to big oil. softwood lumber industry is dead and coal aint worth anything. its pretty much just all oil related business in AB.

Badass69 · August 3, 2013

By

More than just that. Coal, forestry and other types of oil extraction really. Pretty diverse here actually. Lots of heavy primary industry. Creates a lot of spinoff work that people don't realize either. Natural gas was huge but its low price hinders that.

You can be a knuckle dragging educationless monkey that is a welders helper and make 6 figures a year when its busy.... first whiff of a slow down though and good luck with that.

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that other stuff you mention is very small in scale compared to big oil. softwood lumber industry is dead and coal aint worth anything. its pretty much just all oil related business in AB.

Considering I have worked in all of them and you only work tarsands in Fort Mac.... please. Coal is alive and well as is lumber. They aren't as prominent as oil but they are still there and still hiring. If you chase big construction which I definitely do not... yup go oil. Hell gas hires too even as worthless as it is. I work "big oil" garbage too... well until the aer shuts us down lol. It gets old fast. But my job won't go away in my lifetime ir ever.

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Prokopchuk_9 · August 3, 2013

More than just that. Coal, forestry and other types of oil extraction really. Pretty diverse here actually. Lots of heavy primary industry. Creates a lot of spinoff work that people don't realize either. Natural gas was huge but its low price hinders that.
You can be a knuckle dragging educationless monkey that is a welders helper and make 6 figures a year when its busy.... first whiff of a slow down though and good luck with that.

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that other stuff you mention is very small in scale compared to big oil. softwood lumber industry is dead and coal aint worth anything. its pretty much just all oil related business in AB.

Considering I have worked in all of them and you work tarsands in Fort Mac.... please. Coal is alive and well as is lumber. They aren't as prominent as oil but they are still there and still hiring. Yesh.

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Buddy, where I'm from in Ontario all the lumber mills are shutdown! Only a few left in operation, I've worked at one before too. Softwood is hurting man, that is a fact. In Thunder Bay Ontario also all of the mills were idle at one point. I'm not talkin about little tiny mills, these are large scale paper mills. Ever since the Canadian dollar got strong forestry went straight thru the tubes. That's why I'm in Alberta LOL. The main industry back home is paper, no work. Most of the mills in AB are owned by Mennonites anyways LOLOLOLOL

I meant coal doesn't pay, I work with a couple guys that worked coal they didn't make any money.

I'm talking about if a guy from somewhere far away wants to work in Alberta why would you pick something that pays less???

Oil and gas is where it's at. Nuff said.

Prokopchuk_9 · August 3, 2013

More than just that. Coal, forestry and other types of oil extraction really. Pretty diverse here actually. Lots of heavy primary industry. Creates a lot of spinoff work that people don't realize either. Natural gas was huge but its low price hinders that.
You can be a knuckle dragging educationless monkey that is a welders helper and make 6 figures a year when its busy.... first whiff of a slow down though and good luck with that.

Sent from my SGH-I747M using Tapatalk 2

that other stuff you mention is very small in scale compared to big oil. softwood lumber industry is dead and coal aint worth anything. its pretty much just all oil related business in AB.

Considering I have worked in all of them and you only work tarsands in Fort Mac.... please. Coal is alive and well as is lumber. They aren't as prominent as oil but they are still there and still hiring. Hell gas does too even as worthless as it is. I work "big oil" garbage too... well until the aer shuts us down lol. It gets old fast.

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And since you know the industry so well why do you say tarsands? You sound like a greenpeace hippy. It's oilsand. Not tarsand.