"It was very scary. We couldn't find work and it was a dark time."
When Michelle Touchstone and her husband both lost their jobs, that was just the beginning of their losses.
"We lost our house. We lost our cars. We lost our friends. We lost everything."
What happened to Michelle can happen to any of us. Maybe it's just illness or a layoff. But life's uncertain.
So what can you do if this does happen to you? Well, here are the steps to take for your comeback.
First, realize bad things happen to good people, and everyone makes mistakes. So adjust your attitude:
Focus on where you're going, not where you've been.
Next, take control. Track your expenses, cut out unnecessary spending, find additional income and make a plan. The sooner you take action, the sooner you'll recover.
Step three: If you need it, get help. There are non-profit organizations that will help with debt, and their advice is free. Avoid, however, anyone promising a quick fix for a big fee. Remember, this is an area rife with rip-offs.
And the final step? Keep showing up. Financial recovery starts the minute you hit the reset button. But it does take time. For Michelle, that patience and hard work paid off.
Today she owns a very successful bath and beauty company, "Pixie Dust Naturals."
"It took about 3 years. Um... I don't want to cry... But it's awesome. It's a lot different than where we were for sure."
Bottom line? It's not how you fall down, it's how you get up that matters.
What you need now is some more inspiration from people like Michelle, and I've got it waiting for you at moneytalksnews.com. Just do a search for "Financial Disaster."
For Money Talks News, I'm Stacy Johnson.