Wise Accounts Blog

Getting into unchartered waters with debt has a surreal feeling to it. Yet several millionaires will tell you they went broke before reaching the level of success where they are now. What can we learn from a financial crisis?

Risk is part of life. You can never protect yourself totally from some unexpected mishap. In essence it's not what happens to you that matters - it's the way you handle it. If you are in debt the honourable way is to set in motion a recovery plan so that you can repay the money you owe. If it means loosing your car or your home - so be it. There is one thing people can never take away from you: your self-esteem and your good ideas.

If you have lived on credit cards and mortgaged your future to keep up an unaffordable lifestyle then things have a way to catch up with you.

The most important thing is to forgive yourself. You took a risk. It backfired. Let it be so. You are all the wiser out of the experience. There are positive outcomes to a fall. What doesn't kill you will make you stronger.

Maybe you will be forced to take a sabbatical and check your values, the people and things that matter to you. Are you the breadwinner for your family? Do you feel you have left them down? Do they still look up to you? Are they prepared to tighten their belts with you or do they still live in utopia? Are they running away from a sinking ship? Some people have lost everything: wife, children, home, car, career and yet continue to praise God despite the adversity.

Success in life is to find something people need and give it to them. There must be something out there you are passionate about. You can't really put your finger to it but as you walk through the valley of the shadow of death you will fear no evil. Comfort will come from above. If that's all it takes for God to get your attention - so be it. Others have found their bearing nailed to a hospital bed, staring at the ceiling all day long. At least you have the freedom to move about (until the sheriff catches up with you...)

There are seasons in life. You can't expect to have an easy ride all the time. Money and riches can sprout wings and fly off. Invest your efforts on the things that will remain with you - like integrity, a good reputation, a caring attitude. Is there someone else worse than you that you can help in the meantime? Do to others as you would like it done onto you.

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