By Paul Morrone CFP®, CPA, MSA
You’ve done the unthinkable and made that one big financial mistake that you will remember for the rest of your life. The question is, how to recover from it? Maybe you bought a house that you couldn’t afford and now it’s underwater. Maybe you racked up credit card debt that is now uncontrollable. Maybe you made a bad investment and lost all of your capital, started a business that failed or loaned money to someone who you now know will never pay you back. What are the next steps, what can you do, and how can you right the ship?