A common financial planning horror story is overestimating future income. A young professional expected a large salary increase every year but it didn't happen. He had bought a very expensive house based on that assumption. As a result, he struggled to make the mortgage payments and ended up in foreclosure. Also, some people invest all their money in a single stock because they heard it was a 'hot tip'. When the company went bankrupt, they lost everything. Moreover, not planning for retirement early enough is a big one. People reach their 60s and realize they don't have nearly enough saved to live comfortably.
One horror story is when the florist delivered the wrong flowers on the wedding day. The bride wanted white roses but got red ones instead. It was a last - minute disaster as there was no time to fix it completely.
A common one is bad weather ruining an outdoor wedding. Imagine planning a beautiful garden wedding for months and then it rains cats and dogs on the day.
Poor planning is a major cause. Not having a backup plan for things like bad weather if it's an outdoor event. Also, unreliable vendors can lead to horror stories. Say, a DJ who doesn't show up or a decorator who does a shoddy job. And sometimes, over - booking of venues can also create a mess as in my previous story where the venue was double - booked.
One horror story could be when planning a multicultural event. The organizers failed to consider different religious dietary restrictions. They served only non - halal and non - kosher food at an event expecting a diverse crowd with Muslims and Jews. It led to a lot of discomfort and some guests even left early.
One horror story is when a person tried to DIY their estate plan without proper legal knowledge. They wrote a will that was very vaguely worded. After they passed away, their family members ended up in a huge fight over the interpretation of the will. Some thought certain assets were meant for them while others disagreed, leading to costly court battles.
Poor communication is a common element. For example, in an event planning, if the planner doesn't communicate clearly with the vendors about the time and location, things can go wrong. Another is lack of contingency planning. Just like in the wedding example, if there's no backup plan for bad weather, it can turn into a horror story.
There was also a city planning horror story. A new highway was being planned to relieve traffic congestion. However, during construction, they discovered ancient ruins that halted the project. This led to years of legal battles between the construction company, the city, and heritage protection groups. The traffic congestion only got worse during this time.
One common horror story is when a person passes away without a will. Their assets may be distributed in a way they would never have wanted. For example, their family might fight over possessions, and the court may decide to split things in a way that doesn't consider the deceased's true wishes. Another is when the executor of the estate turns out to be untrustworthy. They could embezzle funds or mismanage the property, leaving the beneficiaries with less than they should have received. Also, incorrect beneficiary designations can lead to disasters. For instance, if an old beneficiary is still named on an account and the person meant to change it but didn't, the wrong person could get the money.
One common element is lack of communication. Often, the local community isn't informed or consulted about the land planning changes. For example, if a piece of land is suddenly rezoned from residential to industrial without the residents knowing in advance. Another element is greed. Developers might prioritize their profits over the well - being of the community or the environment. They might overbuild or build in inappropriate areas just to make more money. And also, poor research. Sometimes, planners don't do enough research on things like soil quality, water sources, or potential environmental impacts before making land planning decisions.