Turning Around Financial Setbacks

Turning Around Financial Setbacks
Mary Hunt talks about financial freedom strategies. Elle Aon/Shutterstock
Anne Johnson
Updated:

Bumps in the financial road can happen. A health crisis with the bills that come with it can occur at any age. The loss of a job can wreak havoc on finances. And staggering debt can send finances into a frenzy.

But all is not lost. There are ways to recover from an economic setback. It takes hard work and planning, but with time, you can right your financial ship.

Stop and Assess the Situation

Start by taking the moment to evaluate what caused the financial collapse. Was it a circumstance outside your control, or did you do something like a bad investment?
Anne Johnson
Anne Johnson
Author
Anne Johnson was a commercial property & casualty insurance agent for nine years. She was also licensed in health and life insurance. Anne went on to own an advertising agency where she worked with businesses. She has been writing about personal finance for ten years.
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