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Financial calamities can happen at anytime. Sometimes an emergency fund just won’t cover it. Perhaps you’ve had to declare bankruptcy, or you’ve gone through an emotionally and financially draining divorce, or being foreclosed on.

Someone shared this wonderful infographic on financial blows – how they can affect you and your finances. Please click here to see the full sized version. The good news is that you can get out of these difficult spots and build again.

money blows

 

Infographic Credit: Saffery Champness

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5 comments comments closed

  1. I read that the foreclosures on banks’ books will not be cleaned up for at least 5 years and for some banks 10 years. It’s crazy.

  2. It’s good to know what to avoid! All three of these events are not only catestrophic financially – but it can really damage your self-worth and lead you to make bad decisions in the future. Thank you for the reminder!

  3. Divorce is such a major wealth killer – so make your marriage work!