No. of Recommendations: 0
I made a couple of mistakes and lived to learn from them...I borrowed from a 401(k)--for grad school in my case...but still managed to build more debt to cards than equity to myself, since paying for travel, tuition, books, etc. still outran the loan, my existing debt payments, and living expenses.

I quit school---under the circs, it seemed like a bad ROI to have this much financial trouble, since I was laid off as well. I put 50% of my available stock of INTC in a margin account with a deep discounter, and killed off three credit cards outright. Now I owe 7% to the same folks loaning me my own money.

I may have made a mistake, but paying 7% next month for a balance that used to cost 21% seemed like a good deal. If the stock drops 30% and the broker calls it, I add from the half I didn't put in the margin to avoid the squeeze. And I read the fine print carefully.

Foolish but not Finished,

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