How do you recover from making a serious personal finance mistake that not only affected you, but potentially your family as well?

Yes, that's a complete different thing.

that could happen any time soon.

the more intelligent & balanced our strategies should be.

Hi anon,

While I'm fortunate to not have messed up on finances that might have a long , term impact on my family, but I have messed up nonetheless, with an impact on myself.

What I went through was a modified version of the stages of grief.

• Shock and denial - I basically couldn't believe how I messed up. I refused to acknowledge for quite a few months.

• Pain and guilt - 5 figure loss. Definitely painful. This phase was about 1-2 weeks

• Anger - I was pretty angry with myself for not being more careful about it. In tandem with pain and guilt

• Depression - No time to get depressed though. Basically skipped this part

• Acceptance - What's done was done, I decide to take action to rectify it. Took a couple of months

• The upward turn - In tandem with acceptance.

• Reconstruction and working through things - Since that mess up many years back, been rebuilding my losses ever since. So far, so good

A 5 figure loss can still be reversed. Don't lose hope. It took me some years since that loss wiped out a fair bit of my capital, and I had to rebuild from scratch, but that's all behind now.