Guest Post from Dean Burgess
Life has a way of throwing us curveballs, and sometimes those challenges can lead us down paths we never anticipated. Addiction, a struggle faced by many, can particularly impact those in professions demanding constant creativity, like writing. While facing the financial ramifications of lost opportunities and business might seem overwhelming, it's essential to remember that recovery, in all its forms, is possible. The journey ahead is about rediscovering purpose, rebuilding trust, and taking steps towards financial stability once more.
Acknowledge and tackle the addiction problem
First, start by acknowledging your addiction problem if you haven’t already. Even if you manage to climb out of the financial hole you’re in, your addiction may push you back in again. Tackling your addiction starts with you making a decision, and doing your best to stick to it. Set recovery goals, create a self-care plan, and find a compelling hobby that provides enough distraction and focus.
Getting into rehab can bring you better recovery results. You receive professional treatment for your problem and, also, get help in sticking to your recovery goals. While rehab is expensive, you should still be able to pay for it with your existing health insurance. Check with your provider for your coverage details. When picking a rehab center, double-check accreditations, doctors, patient reviews, accommodations, and services offered. Here are some reputable places for getting help with recovery.
Assess your financial situation
The first step to recovering financially is to understand your current financial situation. What are your exact losses, is your business salvageable, and how much money do you need to keep going? Writing down important details – your expenses by priority, debts, income, and losses – can go a long way toward re-establishing a sense of control over your finances.
Tackling debt should be a priority. Interest tends to snowball. Pay off as much debt as you can (while still leaving enough for important expenses) as soon as you can. If you need to sell things, you should. Some examples of what you could sell are real estate assets, clothes, jewelry, gadgets, furniture, and more. If you’re filing for bankruptcy, United States Courts covers debts that may be dischargeable.
Make a full-fledged financial recovery plan
A financial recovery plan can give you clarity on the steps you need to get into a better financial situation. Some facets of such a plan are creating a recovery budget, setting recovery goals, creating new income sources, reprioritizing spending choices, rebuilding credit, saving up, and rebuilding your business (if applicable). City Bar Justice Center offers some other useful advice.
Get help in various ways
You don’t have to recover – financially and in other ways – alone. For example, there are addiction recovery support groups that can put you in touch with people who have the same problem. You can share experiences, resources, and recovery strategies. If you need help with your financial issues, you can get in touch with financial planners who can help you come up with a good plan.
The journey of addiction is deeply personal, and its consequences can ripple through every facet of life, including our professional world. Writers who've faced this challenge might feel they've lost their voice, their clients, or their financial stability. But remember, every story has the potential for a redemptive arc. As you step toward sobriety and seek to rebuild your writing business, lean into your community, embrace financial strategies tailored to your needs, and never underestimate the transformative power of second chances. With dedication, resilience, and support, you can start a new chapter of success and fulfillment.
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