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Money has become a huge part of our lives, it has affected our past and most certainly will continue to affect our present as well as the future. As individuals it is normal to make certain mistakes when it comes to taking care of our finances. Sometimes it is overestimating on an investment, over splurging on certain items or debt that has accumulated over time. All these actions over time puts us in situations we never thought could happen.
Either way it is important that everyone knows when to stop and recalculate our steps. By realizing there is a problem, recalculating and getting back on track would come easier than just avoiding the topic all together.
There are practical ways to get out of situations like this but personally I believe the first step is acceptance. Many times people who made money mistakes fail to realize their mistakes and blame it on other factors. By doing so they keep on repeating the same mistakes, creating even more problems while loosing more money. It takes courage to confront this problem but it is very crucial on this journey of redemption. Reflect on your mistakes, by doing so the patterns reveal itself and we can find exactly where we went wrong. Only then can we begin to map out a plan on how to avoid that mistake in the future.
The next step is to seek help. Often times, we tend to end up exactly where we started because we believe we know it all. Many mistakes and missteps could have been avoided if only we sought the input of others or invested in financial education. Every part of our finances already have expert that can make every mountain become flattened, helping us to see a bigger picture than we already do. Invest in knowledge, take advantage of the internet. There are Soo many courses, books, classes that can help in making better decisions only if you would look.
Then you can create a plan for yourself, one that works for you. You don't necessarily have to follow every course and book exactly the way they are written. No one knows your financial situation better than you. With this information and knowledge you have gathered, you can create a redemption plan that will help get our of the current situation gradually. When I say plan , I mean practical plans because for it to truly work it has to be practical or else it is just a waste of time. Don't set unrealistic plans or goals that would send you spiralling back to the bottom.
Overtime, by sticking to this plan you will gradually get out of the mistakes and once again reach financial stability. And if you feel you can do it alone you can carry your friend along. Someone you trust enough to not make fun of you but at the same till will keep you on your toes. Surround yourself with people already living that life so you can emulate and learn from them. They are already living the life and are in the best position to understand and support your goals.
Lastly, don't give up. Often times when you have stayed at the bottom for so long you get used to it. Some even say "I have nothing left to loose anyway". No one should get used to being below. You can achieve financial stability again but you need to change your mindset. Be more positive and put in the effort.
We shouldn't let our mistakes define our lives. By realizing our mistakes, seeking help, creating a working plan and sticking to it we can rise above them. Redemption is possible when you are ready to make it work.
Posted Using LeoFinance Alpha
