How do people correct deep financial mistakes?

[Fidelia]

I know of a couple that made big financial mistakes.

1st Financial Mistake: The lady got pregnant. They just started their business and didn't have strong financial stability.

2nd Financial Mistake: Sold all stock in their business To finance a wedding. Got into debts still after the wedding.

3rd Financial Mistake: Had a second child just a year after the first child was born. Still stuck in debts.

Three years ago, this couple were in financial mess because of those three mistakes. They barely could afford to eat.

Two years now, they have finished building their house and are living comfortably. They built two thriving businesses and are completely out of debts.

How possible is it for people to correct financial mistakes as deep as that?

 

[Kera]

Every financial mistake can be corrected with intentionality. That would lead to making sacrifices to lift self out from those financial mistakes. Kudos to that couple.

 

[Springtime]

The couple you mentioned did a great job. They did make some serious mistakes, but were able to correct them within such a short time. May be they are good at making money and know well how to invest.

 

[eLdavis]

I don't really think there is a specific way though, it mainly depends on the situation you find yourself, and most importantly the opportunities that comes you way. This couple probably had to cut down on their expenses then start investing in other things.

 

[Trush Jodie]

I can imagine the gravity of the financial mistakes they made. I believe they had financial support from family to be able to overcome this.

 

[Augusta]

Seek professional help: If your financial mistake is particularly large or complex, you may want to consider seeking help from a financial professional, such as a financial planner or credit counselor.

 

[Min George]

I just can't imagine people making such deep financial mistakes and being able to correct it within that short while. That couple must be really hardworking.

 

[King Belieal]

Maybe they are just lucky to hit one big contract that help changed their financial fortune. Not to take anything away from them. It is incredible how they turned around.

 

[Augusta]

If you can handle it yourself as you know the errors or mistakes then go ahead but if not seek help from more. knowledgeable people