10 Mistakes I Made During My Bankruptcy

09/06/24 • 32 min

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Summary
In this episode, Louisa Larado shares the 10 mistakes she made during her bankruptcy and offers tips on how to avoid them.
Takeaways

Avoid avoiding thinking about money and instead become aware of your finances by tracking income and expenses.
Set up separate bank accounts for different expenses to better manage your money.
Openly talk about bankruptcy to reduce shame and increase support.
Set money goals to stay focused and motivated.
Let go of blame and take responsibility for your financial situation.
Educate yourself about money to improve your financial knowledge and decision-making.
Step out of your comfort zone and try new strategies to improve your financial situation.
Shift from a lack mindset to an abundance mindset to attract more opportunities and positive experiences with money.
Align with your partner on finances and regularly communicate about goals and progress.
Believe that you can rebuild and improve your financial situation after bankruptcy.

Keywords
bankruptcy, mistakes, money management, financial goals, blame, education, comfort zone, lack mindset, partnership, struggle

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Disclaimer: The information contained on today’s podcast has been provided as general advice only. The contents have been prepared without taking into account your objectives, financial situation or individual needs. Before making any decision regarding the information, strategies or products mentioned on today’s episode, please consult your own financial advisor or other professional first.

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Register your spot here.
Summary
In this episode, Louisa Larado shares the 10 mistakes she made during her bankruptcy and offers tips on how to avoid them.
Takeaways

Avoid avoiding thinking about money and instead become aware of your finances by tracking income and expenses.
Set up separate bank accounts for different expenses to better manage your money.
Openly talk about bankruptcy to reduce shame and increase support.
Set money goals to stay focused and motivated.
Let go of blame and take responsibility for your financial situation.
Educate yourself about money to improve your financial knowledge and decision-making.
Step out of your comfort zone and try new strategies to improve your financial situation.
Shift from a lack mindset to an abundance mindset to attract more opportunities and positive experiences with money.
Align with your partner on finances and regularly communicate about goals and progress.
Believe that you can rebuild and improve your financial situation after bankruptcy.

Keywords
bankruptcy, mistakes, money management, financial goals, blame, education, comfort zone, lack mindset, partnership, struggle

Find out more about my next workshop Thriving Together: A 1/2 Retreat for Mums and Teen Daughters by clicking here

Previous Episode

The Conversation I Wish Someone Had With Me When I Went Bankrupt

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Summary
In this episode, Louisa Larado shares the lessons she learned from her own bankruptcy experience and offers advice for those going through a similar situation. She emphasizes that bankruptcy doesn't have to be hard or mean that you will always be broke. She encourages listeners to use their bankruptcy as an opportunity to learn from past mistakes and become more empowered with their finances. Louisa also discusses the importance of mindset and how clearing limiting beliefs and adopting an abundance mindset is crucial for financial recovery. She highlights the value of investing in coaches and mentors to expedite the recovery process and avoid making costly mistakes. Lastly, she emphasizes the impact of financial stress on all areas of life and the importance of creating a positive money mindset for oneself and future generations.
Takeaways

Bankruptcy doesn't have to be hard or mean that you will always be broke.
Use your bankruptcy as an opportunity to learn from past mistakes and become more empowered with your finances.
Clearing limiting beliefs and adopting an abundance mindset is crucial for financial recovery.
Investing in coaches and mentors can expedite the recovery process and help avoid costly mistakes.
Financial stress impacts all areas of life, so it's important to create a positive money mindset for oneself and future generations.

Keywords
bankruptcy, financial recovery, mindset, empowerment, financial education, investing, mentors, money mindset, holistic approach

Find out more about my next workshop Thriving Together: A 1/2 Retreat for Mums and Teen Daughters by clicking here

Next Episode

4 Actions You Need To Take to Ditch the Money Struggle

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Register for my Virtual Workshop here.Summary
In this episode of the Bankruptcy to Bliss podcast, host Louisa Larado shares her personal journey through bankruptcy and the steps she took to regain financial stability. She emphasizes the importance of mindset, practical financial strategies, goal setting, and taking consistent action to overcome financial hardships. Louisa provides listeners with actionable advice and insights to help them navigate their own financial challenges and create a positive money story moving forward.
Takeaways

The decision to go bankrupt can be overwhelming.
Financial setbacks impact all areas of life.
Mindset is the foundation for financial recovery.
Start with mindset before practical financial steps.
Creating a flexible budget is crucial for financial health.
Setting clear financial goals helps in achieving stability.
Daily action is necessary for financial change.
Limiting beliefs can hinder financial progress.
Financial goals should be achievable and motivating.
Community support can enhance accountability and success.

Keywords
bankruptcy, financial recovery, mindset, budgeting, financial goals, money management, financial stability, personal finance, overcoming debt, financial empowerment

Find out more about my next workshop Thriving Together: A 1/2 Retreat for Mums and Teen Daughters by clicking here

Living My Life Like It's Golden - 10 Mistakes I Made During My Bankruptcy

Transcript

Louisa Larado (00:00)
Hello and welcome to the Bankruptcy to Bliss podcast. On today's episode, I'm going to be telling you the 10 mistakes that I made during my bankruptcy and I'm sharing this today. So hopefully you can avoid making these same mistakes.
So I've been thinking a lot recently about my recovery through my bankruptcy and what went well and what just didn't go so well and what stopped me getting back on track sooner. Because I did feel really stuck for quite a while. So I wa