The Canadian Money Roadmap New Year, Same Money Mistakes? Avoid These Wealth Killers in 2026
Jan 7, 2026
Discover crucial financial insights for the new year! Learn how panic decisions can derail your finances, and why you should steer clear of multi-level marketing schemes that often result in losses. Evan also dives into the pitfalls of credit card usage and the dangers of speculative investments like crypto. For a solid financial future, he emphasizes the importance of steady employment, managing cash flow wisely, and consistently saving for retirement. Empower your money habits and plan for a confident future!
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Impatience Can Make Problems Worse
- Evan Neufeld shares a driving story where impatience to pass a slow car made him take a longer, riskier route.
- The detour added time and stress, illustrating how rash actions can worsen outcomes.
Skip MLMs And Find Real Work
- Avoid multi-level marketing or similar 'be your own boss' schemes when trying to get ahead financially.
- Pursue real part-time work or tighten your budget instead, since MLM structures often lead to losses.
Use Debit Or Cash To Curb Impulse Buys
- Stop prioritizing credit cards for everyday spending if you struggle to control impulses or carry balances.
- Use debit or cash and delete stored cards to curb impulse buys and protect cash flow.