“They have no credit cards available, no credit line available, the bank is not willing to loan them any money given all of their other debt, and now the IRS is knocking on their door for unpaid back taxes, along with penalties and interest. Jing Zheng, founder and financial planner at Neat Financial Planning, LLC, knows hobbies can bring meaning and joy. According to Clorissa Ritchie, senior content manager at Westerra Credit Union, believing that a high income alone will save you from financial trouble is a dangerous myth.