Real life case studies draw on my experience past-and-present with clients. The individuals are heavily disguised, but the underlying issues are the same.
Roger had stocks that had made money and lost money.
He had debts owing the gov’t, student loans, banks and credit cards.
He had boxes, and boxes of unopened financial documents.
He hasn’t filed taxes for three years.
Although he is a high-income earner, he honestly has no idea if he’s dead-broke or on reasonable ground. He wants to clear up the past years of un-tended finances, yet just thinking about it causes him to do anything but take action on it. He’d rather just keep working harder and harder to earn enough to ‘feel like’ he’s doing OK.
We spent three months working together on his finances, and there is a happy ending. But what might you have suggested to help Roger successfully take on the project of clearing the decks and taking charge of his money?