My Money Mistakes and Turnarounds: The Humbling Learning Process

We all stumble on our paths to financial wellbeing. Rather than hide my mistakes of the past years in shame, I share them openly today in hopes it inspires self-compassion and progress for anyone who connects with my experiences.

My Regrettable Money Blunders Pre-2022:

- No emergency savings fund  

- No financial plan or intentional money goals  

- Constant debt and perpetual overspending   

- Failure to budget whatsoever

- Not tracking expenses consistently

- Out earning my income chronically  

- Never educating myself on how to grow money 

Does any of that resonate with your early money journey too? It's so common yet so destabilizing!

The Hard Lessons 2022 Taught Me:

I slowly turned things around through education and community support. But growth includes slip ups too...

My 2023 Stumbles So Far:

- Still accumulating some debts

- Thinking real estate impossible for me 

- Briefly splurging emergency savings for validation  

- Neglecting retirement planning

- Undersaving for personal needs

- Not using sinking funds fully

Here is what I know for certain after making endless mistakes - our capability to change course after financial failures proves profound! The goal isn't perfection - it’s patient progress through lessons life presents.

May we all extend grace to ourselves and others stumbling down the winding road to stability. It's courageous to share vulnerably. And it lights the way for more to walk the path after us. You’ve got this!

"We may encounter many defeats but we must not be defeated." - Maya Angelou

 

 

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