When I ask clients how they got into their financial mess, here are some of the common responses I get. I thought that I could handle that big house note. I didn’t think that I would have all of these hospital bills. I didn’t realize that these student loans would be so high.

When I got laid off, I couldn’t pay that much on my credit cards. I didn’t expect my wife to get laid off. If we made the right assumption that the majority of these people are not deadbeats or crooks, what is the foundational problem that they are experiencing?

The problem is that they made too many financial decisions without doing adequate planning. Not only could most of their financial mishaps be avoided but even if they have a financial setback, if they had done some financial planning, they would be able to properly handle an unexpected setback. If you have been the victim of bad financial planning call 313-744-5977 or e-mail me at [email protected]. Make sure you ask how you can get some free financial information to help you in your efforts to stop going in circles financially.