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	<title>Comments on: Your Biggest Money Mistake Contest</title>
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		<title>By: Ryan</title>
		<link>http://www.mmhabits.com/your-biggest-money-mistake-contest/comment-page-1/#comment-734</link>
		<dc:creator>Ryan</dc:creator>
		<pubDate>Sun, 30 Mar 2008 18:39:47 +0000</pubDate>
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		<description>Wow, that&#039;s a really sad story. It&#039;s amazing how creative scammers can be. I hope you get the help you need and somehow can turn this into a positive experience.</description>
		<content:encoded><![CDATA[<p>Wow, that&#8217;s a really sad story. It&#8217;s amazing how creative scammers can be. I hope you get the help you need and somehow can turn this into a positive experience.</p>
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		<title>By: Paula</title>
		<link>http://www.mmhabits.com/your-biggest-money-mistake-contest/comment-page-1/#comment-727</link>
		<dc:creator>Paula</dc:creator>
		<pubDate>Sun, 30 Mar 2008 00:51:21 +0000</pubDate>
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		<description>Our biggest money mistake happened over ten years ago, and we are still paying for it.

We were newly married and had just moved to Colorado after being Texans for all our growing up years. We received a letter in the mail asking us to come out and get free money to spend at a casino. My husband and I are not big gamblers, but we sometimes like to go and spend $20 each, keeping all our earnings, and usually break even. We would also get an elaborate dinner just for going. We thought why not.

We went, and it was requiring us to look at land to get the stuff. No problem, right? WRONG. They used words like &quot;mining claim&quot; and &quot;soon to be ski resort&quot; and got us hooked. We thought we were doing well by talking them down a few thousand off their asking price.

We paid full price out of our savings account  - $12,000. After three years (when they said to keep a hold of the land for profit and that ski resort was coming), we tried to sell the land. No realtor would even help us out because they knew it would be a waste of time. One realtor even asked if this was part of a family plot. I asked why, and she said all the land in that area was bought by people with the same or similar last names. :(

It is nearly 10 years later, and we are still having to pay taxes on land that cannot be developed (we knew nothing about land or terms, and turns out that a street cannot even be made to the plot of land we have - something about public access). So not only have we lost $12,000 from our savings account, but we have lost $1000 on taxes, and who knows how much longer we will have to pay on land we cannot get rid of. The company closed shortly after selling all the plots. And the people who sold us the land, no longer have their realtor&#039;s license.

Lessons learned: 
*Don&#039;t EVER respond to ANYTHING you get in the mail. It is a rip-off! Even if they offer you free stuff STAY AWAY!
*Don&#039;t EVER make a BIG purchase without sleeping on it. We now always pray and wait until the next day, even if it means missing out on a sale. If they really want to sell it, they will sell it to us the next day (or two) at the same sale price. If not, we take our money to someone who will.
*Don&#039;t EVER buy land without a) a realtor or b)full knowledge of EVERY TERM in the contract you are signing.
*Keep your feet firmly planted and don&#039;t get taken away with the THOUGHT of making money. We were assured that a ski-resort was going in near where we bought out plot. They fabricated it and the newspaper clippings.
*Don&#039;t EVER buy ANYTHING from a company unless you know all you can about them. This was a fly by night company that came in, set up, ripped-off a lot of people, then closed up shop and moved on.

If anyone knows how to help us out of this, feel free to contact me via my blog. Thanks. And prayerfully, you will learn from my story and not make the same mistake.</description>
		<content:encoded><![CDATA[<p>Our biggest money mistake happened over ten years ago, and we are still paying for it.</p>
<p>We were newly married and had just moved to Colorado after being Texans for all our growing up years. We received a letter in the mail asking us to come out and get free money to spend at a casino. My husband and I are not big gamblers, but we sometimes like to go and spend $20 each, keeping all our earnings, and usually break even. We would also get an elaborate dinner just for going. We thought why not.</p>
<p>We went, and it was requiring us to look at land to get the stuff. No problem, right? WRONG. They used words like &quot;mining claim&quot; and &quot;soon to be ski resort&quot; and got us hooked. We thought we were doing well by talking them down a few thousand off their asking price.</p>
<p>We paid full price out of our savings account  &#8211; $12,000. After three years (when they said to keep a hold of the land for profit and that ski resort was coming), we tried to sell the land. No realtor would even help us out because they knew it would be a waste of time. One realtor even asked if this was part of a family plot. I asked why, and she said all the land in that area was bought by people with the same or similar last names. <img src='http://www.mmhabits.com/wp-includes/images/smilies/icon_sad.gif' alt=':(' class='wp-smiley' /> </p>
<p>It is nearly 10 years later, and we are still having to pay taxes on land that cannot be developed (we knew nothing about land or terms, and turns out that a street cannot even be made to the plot of land we have &#8211; something about public access). So not only have we lost $12,000 from our savings account, but we have lost $1000 on taxes, and who knows how much longer we will have to pay on land we cannot get rid of. The company closed shortly after selling all the plots. And the people who sold us the land, no longer have their realtor&#8217;s license.</p>
<p>Lessons learned:<br />
*Don&#8217;t EVER respond to ANYTHING you get in the mail. It is a rip-off! Even if they offer you free stuff STAY AWAY!<br />
*Don&#8217;t EVER make a BIG purchase without sleeping on it. We now always pray and wait until the next day, even if it means missing out on a sale. If they really want to sell it, they will sell it to us the next day (or two) at the same sale price. If not, we take our money to someone who will.<br />
*Don&#8217;t EVER buy land without a) a realtor or b)full knowledge of EVERY TERM in the contract you are signing.<br />
*Keep your feet firmly planted and don&#8217;t get taken away with the THOUGHT of making money. We were assured that a ski-resort was going in near where we bought out plot. They fabricated it and the newspaper clippings.<br />
*Don&#8217;t EVER buy ANYTHING from a company unless you know all you can about them. This was a fly by night company that came in, set up, ripped-off a lot of people, then closed up shop and moved on.</p>
<p>If anyone knows how to help us out of this, feel free to contact me via my blog. Thanks. And prayerfully, you will learn from my story and not make the same mistake.</p>
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		<title>By: My Plan For The Tax Refund &#124; Moolanomy</title>
		<link>http://www.mmhabits.com/your-biggest-money-mistake-contest/comment-page-1/#comment-719</link>
		<dc:creator>My Plan For The Tax Refund &#124; Moolanomy</dc:creator>
		<pubDate>Fri, 28 Mar 2008 14:48:19 +0000</pubDate>
		<guid isPermaLink="false">http://www.mmhabits.com/your-biggest-money-mistake-contest/#comment-719</guid>
		<description>[...] Your Biggest Money Mistake Contest at Millionaire Money Habits [...]</description>
		<content:encoded><![CDATA[<div style="background-color: #D1EEEE;">
<p>[...] Your Biggest Money Mistake Contest at Millionaire Money Habits [...]</p>
</div>
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		<title>By: Retirement Advice I Didn&#8217;t Want To Ignore &#124; I've Paid For This Twice Already...</title>
		<link>http://www.mmhabits.com/your-biggest-money-mistake-contest/comment-page-1/#comment-708</link>
		<dc:creator>Retirement Advice I Didn&#8217;t Want To Ignore &#124; I've Paid For This Twice Already...</dc:creator>
		<pubDate>Wed, 26 Mar 2008 21:32:20 +0000</pubDate>
		<guid isPermaLink="false">http://www.mmhabits.com/your-biggest-money-mistake-contest/#comment-708</guid>
		<description>[...] post was written in part as a response to a “Biggest Money Mistake” contest at Millionaire Money Habits.  If you’d like to enter Ryan’s Biggest Money Mistake contest, click on over to his [...]</description>
		<content:encoded><![CDATA[<div style="background-color: #D1EEEE;">
<p>[...] post was written in part as a response to a “Biggest Money Mistake” contest at Millionaire Money Habits.  If you’d like to enter Ryan’s Biggest Money Mistake contest, click on over to his [...]</p>
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		<title>By: Brian</title>
		<link>http://www.mmhabits.com/your-biggest-money-mistake-contest/comment-page-1/#comment-692</link>
		<dc:creator>Brian</dc:creator>
		<pubDate>Mon, 24 Mar 2008 20:29:13 +0000</pubDate>
		<guid isPermaLink="false">http://www.mmhabits.com/your-biggest-money-mistake-contest/#comment-692</guid>
		<description>Wow, at first I was thinking it was purchasing a set of Encyclopedias when we first got married and had no children (1975), but then after some thought it was really not paying attention to the money.  My wife was the CFO because she was a stay at home mother and it was the way our folks did things. (Funny we alway say we don&#039;t want to be like our folks and then act the same way.)  things came to head upon leaving the Marine Corps and starting a new job, and a look at our simple budget it was decreed we were fine as long as I could get at least 6 hours of overtime a week.  No problem as I was getting about 15 hours mandatory at the time.  Fast Forward three 3years and I&#039;m making top scale and $6.50 more a hour and dang I&#039;m still sopposed to get 6 hours of OT.  Why, I ask and here comes the reponse &quot;you don&#039;t like it yopu do IT!&quot;  OOPS, Now What?  Start reading PF Books and start putting into practice their advice, track every penny, budget to all details, check this and check that and what do I find is the problem. ME, i am the problem because I was the biggest spender in the Marriage mostly piddling it away here and there.  After 10 years we are doing much better and I find that PF is really interesting and I pay attention to things money wise.  So I was the biggest mistake but it is one I have corrected.</description>
		<content:encoded><![CDATA[<p>Wow, at first I was thinking it was purchasing a set of Encyclopedias when we first got married and had no children (1975), but then after some thought it was really not paying attention to the money.  My wife was the CFO because she was a stay at home mother and it was the way our folks did things. (Funny we alway say we don&#8217;t want to be like our folks and then act the same way.)  things came to head upon leaving the Marine Corps and starting a new job, and a look at our simple budget it was decreed we were fine as long as I could get at least 6 hours of overtime a week.  No problem as I was getting about 15 hours mandatory at the time.  Fast Forward three 3years and I&#8217;m making top scale and $6.50 more a hour and dang I&#8217;m still sopposed to get 6 hours of OT.  Why, I ask and here comes the reponse &quot;you don&#8217;t like it yopu do IT!&quot;  OOPS, Now What?  Start reading PF Books and start putting into practice their advice, track every penny, budget to all details, check this and check that and what do I find is the problem. ME, i am the problem because I was the biggest spender in the Marriage mostly piddling it away here and there.  After 10 years we are doing much better and I find that PF is really interesting and I pay attention to things money wise.  So I was the biggest mistake but it is one I have corrected.</p>
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