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10 Examples of Poor Investments
Even poor people can make waste their money.
We’ve all seen examples of celebrities who have invested large sums of money and watched their investment go up in smoke. And we will talk about some of them. But it’s not just rich people that spend money poorly. Even poor guys like me do it all the time.
For example, while my wife was shopping, I needed to get a drink. I went through the Burger King drive-thru and ordered a large Diet Pepsi. And wasted $3. They just don’t put any syrup in their soft drinks. More and more fountain soft drinks are a waste of time. When I was in Florida, Wawa did the same thing. I hate to waste money like that. It’s the principal. The principal that means money. Of course, the other principle comes into play, too. So here are some examples of bad investments.
1: The trailer park trifecta.
Having lived in trailer parks for a lot of years, I’m familiar with this investment strategy. The three components of this package are beer, lottery tickets and some form of tobacco. Buying lottery tickets preys on poor people hoping to get rich quick. Tobacco is detrimental to the user’s health. Beer can be a nice investment when used in moderation. But buying lottery tickets and tobacco can limit the amount of money available to be invested in beer.
