{"id":609988,"date":"2026-04-17T10:10:10","date_gmt":"2026-04-17T10:10:10","guid":{"rendered":"https:\/\/www.newsbeep.com\/ca\/609988\/"},"modified":"2026-04-17T10:10:10","modified_gmt":"2026-04-17T10:10:10","slug":"money-pitfalls-to-avoid-in-every-decade-of-life-according-to-humphrey-yang","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/ca\/609988\/","title":{"rendered":"Money Pitfalls To Avoid in Every Decade of Life, According to Humphrey Yang"},"content":{"rendered":"

\"MoneyLion\"<\/a>Sun, April 12, 2026 at 8:30 PM UTC\"\"<\/p>\n

In a recent video, financial advisor and influencer Humphrey Yang broke down the most common financial mistakes<\/a> people make at every stage of life \u2014 from their 20s through their 60s.<\/p>\n

Here\u2019s a closer look at those costly missteps.<\/p>\n

Financial Mistakes in Your 20s<\/p>\n

Not investing early enough to accrue wealth.<\/p>\n

Not establishing a credit history or score.<\/p>\n

Buying a new car when you don’t need it or cannot afford it.<\/p>\n

Moving out of your parents’ home too soon without savings.<\/a><\/p>\n

Not creating any form of a budget.<\/p>\n

Read More: 4 Simple Money Habits From Mark Cuban That Could Transform Your Life<\/a><\/p>\n

Try This: 5 Signs You\u2019re Losing Money Every Month \u2014 and How To Find the Leaks<\/a><\/p>\n

Financial Mistakes in Your 30s<\/p>\n

Overspending on a wedding that is too expensive.<\/p>\n

Buying a house that is too big for your needs.<\/p>\n

Becoming too comfortable with debt.<\/p>\n

Lifestyle creep grows to be unmanageable.<\/p>\n

Financial Mistakes in Your 40s<\/p>\n

Not saving or contributing to a retirement plan.<\/p>\n

Not setting up an estate plan.<\/p>\n

Being not insured or underinsured.<\/p>\n

Reckless spending<\/a> and overspending on “wants” over “needs.”<\/p>\n

Chasing investment shortcuts to catch up on lost time.<\/p>\n

Financial Mistakes in Your 50s<\/p>\n

Early withdrawal of funds for retirement.<\/p>\n

Carrying large amounts of high-interest debt.<\/p>\n

Brushing aside catch-up contributions to a portfolio.<\/p>\n

Financial Mistakes in Your 60s<\/p>\n

No strategy for withdrawal into retirement.<\/p>\n

Not withdrawing enough money during retirement.<\/p>\n

Opting in too early for Social Security payments.<\/p>\n

Lacking a clear vision for retirement.<\/p>\n

Not charting out a healthcare plan.<\/p>\n

This article was provided by MoneyLion.com<\/a> for informational purposes only and should not be construed as financial, legal or tax advice.<\/p>\n

More From MoneyLion:<\/p>\n","protected":false},"excerpt":{"rendered":"Sun, April 12, 2026 at 8:30 PM UTC In a recent video, financial advisor and influencer Humphrey Yang…\n","protected":false},"author":2,"featured_media":609989,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[14],"tags":[45,49,48,133,20353,50907,229867,229868,131,132,32001],"class_list":{"0":"post-609988","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-personal-finance","8":"tag-business","9":"tag-ca","10":"tag-canada","11":"tag-finance","12":"tag-financial-advisor","13":"tag-financial-mistakes","14":"tag-humphrey-yang","15":"tag-losing-money","16":"tag-personal-finance","17":"tag-personalfinance","18":"tag-retirement-plan"},"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts\/609988","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/comments?post=609988"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts\/609988\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/media\/609989"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/media?parent=609988"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/categories?post=609988"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/tags?post=609988"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}