142 – What to do When you Make a Money Mistake

Subscribe

Apple Podcast Google Podcast Spotify Pocket Casts RSS Link

It happens to all of us…a money mistake.

Ever wondered what to do after making a money mistake? 

Today, we’re talking about how to recover from financial missteps and stay on track. As a former financial advisor, I’ve probably experienced, or seen other people experience, every money mistake possible – each has taught me invaluable lessons. 

We’ll explore three key steps to help you bounce back so you can turn those mistakes into opportunities for growth and stronger stewardship.

In this episode, John discusses: 

• The role of honesty and transparency in overcoming financial mistakes

• Turning financial failures into learning opportunities

• The power of forgiveness in financial stewardship

• Building resilience and confidence after financial setbacks 

Key Takeaways:

• Openly admitting financial mistakes as soon as they occur can prevent minor issues from escalating into major crises. Confession fosters healthier relationships by maintaining transparency and reducing stress.

• Reflecting on financial missteps and implementing necessary changes can transform mistakes into valuable learning experiences, promoting wiser and more effective financial stewardship.

• Budgeting tools, whether sophisticated apps or simple spreadsheets, help track spending patterns and avoid repeat mistakes, ultimately aiding in achieving financial goals through proactive planning.

• Embracing forgiveness and grace in financial matters strengthens personal growth and resilience and mends and enhances relationships. Everyone is susceptible to making mistakes and capable of learning from them. 

“Each mistake, each money misstep, provides an opportunity for growth and learning, helping us become wiser and more prudent stewards of the resources that God has entrusted to us.”  

CLICK ON THE LINKS BELOW MORE MONEY MADE FAITHFUL!

• VISIT MONEY MADE FAITHFUL: https://moneymadefaithful.com/

• GET FREE RESOURCES when you join THE HUB: https://moneymadefaithful.com/resource-library-access/Landing-page

• BOOK A WORKSHOP & DETAILS: https://moneymadefaithful.com/money-made-faithful-workshop-2/Landing-page

• INVITE JOHN TO SPEAK at your conference, church, or event:  https://moneymadefaithful.com/services

• SPECIAL SAVINGS ON JOHN’S BOOK, ‘He Spends She Spends’ and the small group guide: https://moneymadefaithful.com/shop

• FOLLOW US ON FACEBOOK: @MoneyMadeFaithful

• FOLLOW US ON INSTAGRAM: @MoneyMadeFaithful

If this blessed you today, please Subscribe, Leave a Review, and Share with someone who you believe will benefit from this message!