These 7 Money Mistakes Will Destroy You During A Layoff

00:00 Layoff Survival Guide: Preparing for Economic Uncertainty in 2025-2026. 04:42 Navigating a Layoff: Taking Care of Business and Maintaining Professionalism. 06:06 Life After Layoff: Maintaining Composure and Exploring New Opportunities. 10:33 Amazon’s Automation Plans: A Glimpse into the Future of Job Displacement. 14:15 Midlife Money Traps: Avoiding Financial Pitfalls as Income Rises. 15:00 Trap #1: Lifestyle Inflation and Overspending. 16:10 Trap #2: Failing to Diversify Investments. 16:58 Trap #3: Underestimating the Impact of Inflation. 18:13 Trap #4: Carrying High-Interest Credit Card Debt. 19:34 Trap #5: Falling for Get-Rich-Quick Schemes. 20:40 Trap #6: Neglecting to Build an Emergency Fund. 22:04 Trap #7: Buying Too Much House or Car. . Layoffs over the past couple of years have been just as bad as they were during the GFC and many people who were previously unaffected are affected in someway. Maybe directly or someone they know has lost a job and it’s very tough to find a new one. Here is your 2026 layoff survival guide.. . Subscribe to My New Clips Channel https://www.youtube.com/@MichaelBordenaroClips. =======. Need a Real Estate Agent? Get one for FREE: https://homeandmoney.com/michael/. =======. Sign Up For my Weekly Newsletter: https://subscribepage.io/MichaelBordenaro. =======. My Filming and Editing Equipment. https://michaelbordenaro.com/my-youtube-gear/. ======. Save Money on Property Taxes FOREVER! . http://Ownwell.com/michaelbordenaro. ======. Get Cash Back on ALL your Internet Purchases!. https://www.rakuten.com/r/NIRVPL2?eeid=28187. ======. My Microphone (Lot of People Have Asked). https://amzn.to/3Mhs2oz. . Articles Mentioned in the Video. https://apple.news/ACfEmbYYiSAa_y0HPIyza6Q. . https://www.zerohedge.com/personal-finance/7-midlife-money-traps-could-drain-your-wealth. . https://apple.news/Arc75i5WuQ56GrquaqMSy1w. . . FTC Legal Disclaimer – Some links found in the description box of my videos may be affiliate links, meaning I will make commission on purchases you make through my link. This is at no extra cost to you to use my links/codes, it’s just one more way to support the channel! :). . DISCLAIMER: This video content is intended only for informational, educational, and entertainment purposes. Michael Bordenaro is not a registered financial advisor. Your use of Michael Bordenaro’s YouTube channel and your reliance on any information on the channel is solely at your own risk. Moreover, the use of the Internet (including, but not limited to, YouTube, E-Mail, and Instagram) for communications with Michael Bordenaro does not establish a formal business relationship.