No where is this more true than with financial issues.

Have you ever borrowed money, or charged up VISA card at Christmas, all while telling yourself that you would pay everything off with a coming tax refund or bonus?

Sound familiar. And then what happens when bonus money arrives?

Let me guess….circumstances changed, car needed brakes (or kids needed braces, etc), and VISA debt and interest charges keeps piling up.

Unless you have a plan, you will always be caught in unpredictable grip of “changing circumstances.”

This is a slippery slope that can very quickly can become serious financial stress. Consider fact that Americans are declaring bankruptcy at record rates. One in every 100 families is affected by a bankruptcy.

I was on this slope 10 years ago. Declaring personal bankruptcy and filing for divorce went hand in hand.

One of most insiteful moments of process was preparing a written log for trustee of all of our spending for 5 years leading up to bankruptcy.

While all of individual decisions made sense in moments that they were made, they looked totally foolish in context of “bigger picture”

In other words, constantly changing circumstances drove us off our financial roadmap.

Consider this five step plan for getting on, and staying with, your financial roadmap.

Many would-be and aspiring business owners are not aware that establishing credit for a business is just as important as establishing personal credit. They also do not realize that a business can have a credit score separate from their personal credit score.

There is a world out there designed specifically for business entity with a whole set of different rules.

Many entrepreneurs start out accumulating excessive personal debt to finance a business. Within a few months or even years, they find that business is a monster and needs more food, also known as financing.

With credit cards maxxed to limit, business owners find themselves in a crunch and searching for ways to raise capital. This is difficult to do when time is not taken to establish business credit first. Business credit is a crucial first step and foundation to build upon.