TFSA Warning: These 4 Situations Could Cost You Money

Everyone talks about why you should have a TFSA…
But what about the times when you shouldn’t?

In this video, I walk you through 4 situations where opening a TFSA too early (or without a plan) can actually work against you.

We’ll cover:
• Why high-income earners may need other strategies first
• Why understanding how a TFSA works matters more than people think
• Why U.S. ties can completely change the TFSA equation
• Why having no plan creates confusion in your money decisions

Think of it this way:
If money is a tool, direction matters.
Without clarity, your money wanders. And opportunity...gets lost.

If you haven’t watched the earlier TFSA videos in this series (basics, contributions, withdrawals, earnings, benefits), I’ve linked them below — they build on each other.

00:00 Introduction and Overview
00:31 Four Reasons to Avoid a TFSA
00:54 Reason 1: High Income and Other Tax-Advantaged Accounts
02:08 Reason 2: Lack of Understanding
03:37 Reason 3: US Ties
04:35 Reason 4: No Financial Plan
06:48 Investment Flow Guide and Conclusion

📥 Free Resource
I also share my Investment Flow Guide — a practical, no-quiz breakdown of how people naturally invest, save, and make decisions with money (plus tools + platforms that actually fit you).
👉 Download it FREE here: https://keap.page/zfo987/copy-of-lead...

📺TFSA Basics:    • 📅 Financial Awareness Day: 5 TFSA Basics Y...  
📺TFSA Contributions:    • TFSA Contributions Explained | Limits, Pen...  
📺TFSA Earnings & Government Benefits:    • TFSA Earnings Explained | Taxes, Benefits ...  
📺When You Should Withdraw From TFSA: Smart Tips & Mistakes to Avoid:    • When Should You Withdraw from Your TFSA? |...  
📺5 Reasons Why You Need A TFSA (Even If You're Not a High-Income Earner):    • 5 Reasons You NEED a TFSA (Even If You’re ...  

💬 Question for you:
Do you currently have a plan for your TFSA — or did you open it because “everyone said you should”?

Drop it in the comments. I respond to every one.