But some mishaps are easier to make up for than others. A misstep in your financial decision making can have significant and far-reaching ramifications, which is why it’s generally a good idea to run your ideas by an objective professional to avoid regrets in the future.
Some recent headline-makers provide good reminders about the benefits of fully thinking through ideas before acting on them.
Anyone can say the wrong thing, but if it happens when you’re in the spotlight, as Donald Trump was when he announced his candidacy for presidency — that’s tricky business.
His comments about illegal immigrants from Mexico caused a firestorm of media attention, with interesting repercussions.
Detractors have been swift in both criticizing the billionaire mogul, and in some cases, even cutting business ties with him. Conservative supporters have defended his comments, but many remain silent for fear of further disengaging the Latin voting community.
And still others defend his right to free speech. Yes, it’s a right, but is it always a good idea?
Historically, we’ve seen many high-profile leaders and celebrities commit gaffes. Some paid the price and eventually recovered to varying degrees, like Martha Stewart after serving jail time for obstruction of justice. Others have suffered immeasurably.
How much can our own words and actions hurt us? When it comes to personal relationships, the repercussions can be long lasting. According to relationship experts, using phrases referencing “you always,” “you never” or “you’re being too sensitive” can be irreversibly damaging.
On the other hand, taking responsibility for your words and actions and offering a heartfelt apology can go a long way.
When it comes to finances, if you’d like help determining your moves for the future, please give us a call.