When I was younger, I was a bit of a pyromaniac (OK, a lot of a pyromaniac), in that I really enjoyed burning things, and I indulged my love of burning things many times in my younger life.
Many a time, I would lock myself in the bathroom with a set of matches stolen from my Dad (who was a smoker), and I’d set things on fire. It started just with the matches, then I looked at the toilet paper roll and I thought, now that might burn nicely as well, and once or twice I indulged in this activity. Very satisfying and enjoyable (at least I thought at the time).
Then came the day, I used a little too much toilet paper, and a scene similar to this erupted:
Needless to say, I ran, my mother found the remnants of this foolish behavior (luckily, it ended up that only a toilet seat had to be replaced), and I got heck for that (and am on occasion reminded of that foolish behavior).
What does this have to do with Money? How many times did you do something foolish with money, knowing that you were being an idiot, but just kept going? Have you had the flash fire that finally breaks you of this bad habit, or do you keep doing this bad habit?
My toilet fire moment (financially) was buying High Tech Stocks, and hanging on to them for much too long.
Thanks to Snoop Lion for the fun reminder of my youth.