{"id":692,"date":"2026-03-15T07:00:24","date_gmt":"2026-03-15T07:00:24","guid":{"rendered":"https:\/\/smartmoneymaps.com\/?p=692"},"modified":"2026-03-15T07:00:24","modified_gmt":"2026-03-15T07:00:24","slug":"the-biggest-mistakes-in-personal-finance","status":"publish","type":"post","link":"https:\/\/smartmoneymaps.com\/?p=692","title":{"rendered":"The Biggest Mistakes in Personal Finance"},"content":{"rendered":"<p><iframe loading=\"lazy\" width=\"480\" height=\"270\" src=\"\/\/www.youtube.com\/embed\/d7wnAw7ufG4\" frameborder=\"0\" allowfullscreen><\/iframe><\/p>\n<p>In personal finance, it\u2019s common for people to focus on things that they can\u2019t control, like trying to pick a winning investment, while ignoring the things that they can control, like setting the right goals and making a solid long-term plan, often leading to mistakes. <\/p>\n<p>Some mistakes matter more than others, and the biggest mistakes can be the difference between living paycheque to paycheque for life and having a comfortable financial future. In this video I tell you about the biggest mistakes in personal finance, so that you can avoid them.<\/p>\n<p>I probably should have included not paying off high interest debt. Pay off your credit cards!<br \/>\n&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;<br \/>\n*Meet with PWL Capital* https:\/\/pages.pwlcapital.com\/en-ca\/contact-us?utm_source=content&amp;utm_medium=youtube&amp;utm_campaign=benfelix_yt<\/p>\n<p>*Chapters*<\/p>\n<p>0:00 Intro<br \/>\n0:35 Not earning enough money<br \/>\n2:20 Under-saving<br \/>\n4:20 Not setting financial goals<br \/>\n6:15 Over-spending (on the wrong things)<br \/>\n8:35 Not taking enough risk<br \/>\n10:38 Taking the wrong kind of risk<br \/>\n12:23 Missing tax planning opportunities<br \/>\n13:10 Ignoring estate planning<br \/>\n13:45 Marrying a financially incompatible spouse<br \/>\n14:38 Under-insuring catastrophic risks<\/p>\n<p>*References* https:\/\/zbib.org\/f596ff3c9f984482990aa321a4c523a2<\/p>\n<p>*PWL Goals Survey Summary + Master List\u201d<br \/>\nhttps:\/\/pwlcapital.com\/wp-content\/uploads\/2024\/08\/PWL_GoalSurveySummary_2022_Final.pdf<\/p>\n<p>*Avoid Online Scams* https:\/\/pwlcapital.com\/stay-safe-online\/<\/p>\n<p>*Check out the Rational Reminder Podcast*<br \/>\nYouTube channel @rationalreminder<br \/>\nPodcast website https:\/\/rationalreminder.ca\/<br \/>\nRational Reminder community (forum) https:\/\/community.rationalreminder.ca\/<br \/>\nApple Podcasts https:\/\/itunes.apple.com\/ca\/podcast\/the-rational-reminder-podcast\/id1426530582?mt=2<br \/>\nSpotify https:\/\/open.spotify.com\/show\/6RHWTH9iW7hdnA7eAg7ukO?si=hjZNfLKuSjSeWX38GPqhVA<\/p>\n","protected":false},"excerpt":{"rendered":"<p>In personal finance, it\u2019s common for people to focus on things that they can\u2019t control, like trying to pick a [&hellip;]<\/p>\n","protected":false},"author":0,"featured_media":693,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-692","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-uncategorized"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v17.6 - 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