The High Cost of Being a Moron

Yup, Im an Idiot.  It’s official Now.

Credit: Southsidetowing
Cars Impounded

Wow…..I never thought it would have happened, as I’ve been on quite a good streak with my finances and personal life lately.  By “good streak” I mean to say that I havent done anything that will knee-cap my chances of being successful in the future.  Some people call this “Staying out of your own way”.  As I mentioned, I have been quite good at getting out of my own way lately (I wasnt always this way, but that’s a topic for another post).  I was making good headway on my debt (I still am, sorta) and just really had not done anything that I could look back on in 5 minutes and say “What the hell was I thinking?!”

Well, as you can probably gather, this completely blew up in my face recently, and I’ve finally gotten around to writing about it.  You’ll probably say I was stupid as well, but at this point, I’ve put my moronic actions past me, and have updated my plan/situation to reflect that.

As I mentioned in a previous article (The cost of your car, Pt 2), I purchased a new car when my old one broke down on the way north, and because I got a fairly good deal on a not that old car, I figured that once I got my other car fixed, I could sell it for at least what I paid for it, or possibly a profit.  So, with the help of a great friend, I retrieve my car from its location, take it to the repair shop, and they tell me it will be about a week, because they were a bit behind.  (It was fine with me, as hunting season had just opened, and I know that my mechanic hunts frequently)  So I drive the newer car until the old one is fixed, and then list it on craigslist.  Within a few days, I had many promising responses, and set up a time to have someone look at the vehicle.  I had left room on the price to haggle a bit and still make some money, and the first person that looked at the car made me an offer that I accepted.   The buyer informed me that the transaction would take a while to complete, due to some funding issues, which I agreed to.  One of the reasons that I did this was to avoid having to pay insurance for the car – though I do think that insurance is important (such as Life Insurance, Health Insurance, etc)

Once that happened, I imagined all this progress I was going to make on my credit card debt with this money that I did not yet have.  I ran numbers over and over in my head, and I thought I would be able to hit my goal of being free of credit card debt by 1.1.2010.  I was ecstatic, and applauded myself on shrewed business skills.  All the while, I left the vehicle parked on the street in the city I work in (45 mins from the city I live in).  It was a couple blocks from my place of employment, and so I didnt really figure it to be that big of a deal, as it was parked on the street next to a vacant lot.  The plan was for the car to sit there for around 8 days, and I figured that no one would mind (or even notice, really) that the car had been parked there.

The problem with that situation was that there was an issue with the funding source of the buyer, and I figure that im in no hurry, and can wait for her to straighten everything out.  The car ends up sitting there for the better part of three weeks!  On the day of the sale, I go to retrieve it and ITS GONE!  Im thinking to myself, holy crap, where is it, what happened to it, etc.  I come to the conclusion that it got towed, and I need to find it and get it before I can sell it.  (I havent panicked yet, but im sure annoyed at this point).

I call the city, they tell me (after waiting a bit) that it was towed.  I call the towing company, and they say that have it, and that it’s going to cost $900 for me to get it out.  They had it for almost 2 weeks.  I was not happy that I was not notified, but right then, all the dreams I had of using that car money (and profit) to pay off my debts went out the window, and life gave me a well placed kick to the midsection.

I retrived the car, swallowing a $900 bill before hand, and thought, well, im glad this mess is over, sold the vehicle and wont really look back.  Except to weep continuously.

I learned the following lessons from this escapade:

  1. Keep track of your crap – This would not have happened had I not assumed that all was going to be hunky-dory with the world.  The car got towed, but it could have just as easily gotten stolen.
  2. Get out of your own damn way – Personal finance is difficult enough (so much so that many dont bother with it), and it’s even more difficult when you keep tripping over yourself.
  3. Dont count your chickens Dollars before you’ve got them –  This definitely didnt help either.  It just made me angrier at myself for being such an *idiot*
  4. Persevere – I think this is the most important take-away from this.   Although my Jan 1, 2010 goal for being credit card debt free is most likely unattainable at this point, this is no time for me to just give up.  I’ve gotten too far, enjoyed the successes that I have had too much to just quit now, even though I did take one on the chin pretty hard.

As they say on Intervention, Relapse is part of recovery.  You have to just keep plugging away, and eventually you’ll be where you wanted to be at the beginning.

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About Jeff

Jeff is the founder of sustainable life blog and has been interested in sustainability for most of his life. After realizing in 2007 that his finances were a total wreck, he started reading financial blogs and quickly realized that what is best for your wallet is typically better for the earth, and is usually healthier. On sustainable life blog Jeff shares his journey to a more sustainable lifestyle. For updates, subscribe by email or like us on facebook.

Comments

  1. Wow, sucks. I had a similar thing happen with an old dog i had that got out of our yard. I checked animal control and she wasn’t there. Went back three days later to check again and she WAS there but now they wanted over $600 to get her back. (she was there the FIRST TIME i went, but had been back in a room where I couldn’t have seen her) She was 12 years old and had been showing signs of slowing down. I was a single mom with four kids and did not have the money. I tried to bargain/reason with them, but they held firm on the amount.
    Hardest decision I ever made in my life. I walked around outside the pound and thought about it, then I went back in and told them I had made a mistake and that was not my dog.
    My lesson was, keep a closer eye on your stuff(or pets).

    • That sounds terrible, and im glad that it happened to me with a car I was selling, not an animal. I would not have known what to do.

  2. Oh gosh, that sucks! I empathize! Last month, I parked at a CVS pharmacy and walked to the bank to deposit money ,and then went to a massage chair store and sat in one of them chairs for 40 minutes! 1.5 hours later, I come back and they TOWED my damn car! Cost me $330 for 1.5 hours!

    You got a deal for only $900 for 2 weeks!

  3. Wow, sorry about the $900. Tow truck guys are getting up there on the most hated list along with used car salesman and lawyers. The one thing I learn about craigslist is this – whoever put cash in my hand first get the item. The buyers are so flaky, you just can’t wait around for them.

  4. And they always screw you on towing and fees! I had my car impounded once, and it was the worst hassle to get it out. Why was your car in there for 2 weeks though?

  5. Hi there – just to say I really feel for you there, we’ve all done stuff like that – although $900 is a large price to pay.

    I was so impressed and touched by the article that I referenced it and used it as the inspiration for a blog of my own. So thank you

    Mark

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  1. [...] This post was mentioned on Twitter by SustainableLifeBlog and SustainableLifeBlog, SustainableLifeBlog. SustainableLifeBlog said: The High Cost of Being a Moron – This story is just as hard for me to believe as it was to live. http://bit.ly/1iMoaB [...]

  2. [...] A close second, Wyojeff at Sustainable Life Blog fesses up with The High Cost of Being a Moron.  I just love that title!  A great story that proves that even finance bloggers are [...]

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  4. [...] by Jeff on July 14, 2010 Hi there, I see you're new here, and I'm glad you stopped by. If you'd like, you can read more about me, check out my most popular posts to see How to save money with Open Source Software and how even PF Bloggers make Huge Financial Mistakes. Also, if you're interested, consider subscribing to the RSS feed for updates on finances, the environment and health!When I started this blog, I had intentions of writing about money, health and sustainability, trying to point out that the spot where they all intersect occurs more often than you would think.  I tried to keep to that at the beginning, but I found it to be very difficult.  When I started posting with more frequency about 2 months ago, I had been trying to keep 4 posts going up a week, with finances on Monday [typically stories from lessons I pick up at the school of hard knocks], the environment/green topics on Wednesday, and health on Fridays, with a link round-up Thursday.  I’ve had some posts on health recently, but nothing substantial.  The same thing goes with the environmental and green topics.  I have not had much time to relate any strategies to this to my life (as it is now) so it’s difficult for me to write about.  The same goes for finance [thankfully] I havent made many mistakes lately, so I cant tell you a story about how my stupidity cost me a bundle like it did here. [...]

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  7. [...] Life Blog – The High Cost of Being a Moron.  Meanwhile, for a lesson on how NOT to sell a used car, listen to Jeff – a.k.a. the [...]

  8. [...] purchased once my old one was fixed. While this plan was basically fool-proof in my head, it backfired in spectacular fashion. Once I cleaned up that mess (that I made) I was able to make another large payment to my credit [...]

  9. [...] purchased once my old one was fixed. While this plan was basically fool-proof in my head, it backfired in spectacular fashion. Once I cleaned up that mess (that I made) I was able to make another large payment to my credit [...]

  10. [...] The High Cost of Being a Moron. Another car horror story at Sustainable Life Blog. This one is talking about problems with selling the car. [...]

  11. [...] between his student loans and his truck loan. My vote is for the truck. He also talked about his car getting towed for $900! [...]

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  15. [...] here for a while (thank you, I wrote very infrequently then), you probably remember my post the high cost of being a moron.  For those of you that don’t to make a long (and rather ill thought out) story short, I [...]

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  17. [...] The High Cost of Being a Moron. Another car horror story at Sustainable Life Blog. This one is talking about problems with selling the car. [...]