5 Wealth-Building Habits To Start in 2026 — Even if No One Ever Taught You About Money

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It’s time to get your mind, body and money in line. While you can download a meditation app or stream workout videos online, you might still feel unsure about one of your biggest goals: building wealth. Nobody taught you how to manage money when you were growing up. So should you abandon your New Year’s resolution before the ball even drops?Absolutely not.According to Latina wealth activist and RQZA founder Lea Landaverde, there’s no time like the present to give yourself the gift of financial independence — even if you are starting from scratch. GOBankingRates caught up with Landaverde to learn which wealth-building habits matter most for people at the beginning of their financial journeys and how small, consistent steps can add up once the confetti from their New Year’s parties has been swept away.If you decided to take up running in the new year, you wouldn’t expect yourself to suddenly run a six-minute mile. You’d start with the basics — learning proper form, pacing yourself and building endurance over time. The same principle applies to building wealth.Explore More: I’m a Financial Advisor: My Wealthiest Clients All Do These 3 ThingsFind Out: How You Could Pocket an Extra $2K* This Holiday Season — Just for Signing Up for This All-in-One Finance AppLandaverde wants you to get a clear understanding of exactly where you stand financially, including how much money you have in core accounts such as checking, savings and any employer-sponsored retirement accounts.From there, focus on building an emergency fund. Even a small cushion, like a few hundred dollars, can help move you out of crisis mode when an unexpected expense hits. With this foundation in place, you can begin tackling debt. Review your credit card statements or any loans you have to identify what you owe and where interest is costing you the most.“Look at high-interest debt with honesty, not shame, and make a simple plan for it,” Landaverde said.That plan might include exploring popular repayment strategies, such as the snowball or avalanche methods, or working with a financial planner or credit counselor.Another basic task Landaverde recommends early on is automating wherever you can.“Automate one thing, whether it’s savings or investing,” she said. “These small steps create real momentum when you’re starting from scratch.”When you’re learning how to manage and grow your money for the first time, it’s easy to feel behind, especially when comparing yourself with peers who may have grown up with more financial guidance. But shame and self-doubt will not help you build wealth faster.Terms and Privacy PolicyPrivacy & Cookie SettingsMore InfoS&P 5006,881.33 +2.84 (+0.04%)Dow 3048,307.73 -54.95 (-0.11%)Nasdaq23,440.89 +12.06 (+0.05%)Russell 20002,558.78 +29.36 (+1.16%)VIX14.44 +0.36 (+2.56%)Gold4,494.90 +25.50 (+0.57%)Trending tickersNVO Novo Nordisk A/S 52.31 +4.20 (+8.73%)BTC-USD Bitcoin USD 87,681.06 -2,060.94 (-2.30%)FJET Starfighters Space, Inc. 19.13 -12.33 (-39.19%)QBTS D-Wave Quantum Inc. 31.35 -0.84 (-2.59%)IONQ IonQ, Inc. 53.56 -0.29 (-0.54%)PortfolioSign in to access your portfolioSign inTop gainersZIM ZIM Integrated Shipping Services Ltd. 21.85 +1.97 (+9.92%)NVO Novo Nordisk A/S 52.30 +4.19 (+8.72%)LION Lionsgate Studios Corp. 9.05 +0.68 (+8.07%)HYMC Hycroft Mining Holding Corporation 26.36 +1.83 (+7.48%)STNE StoneCo Ltd. 14.94 +0.80 (+5.62%)Top losersFLY Firefly Aerospace Inc. 26.84 -1.76 (-6.15%)BLSH Bullish 43.40 -2.17 (-4.76%)TWST Twist Bioscience Corporation 33.78 -1.28 (-3.65%)CYTK Cytokinetics, Incorporated 62.56 -3.04 (-4.63%)GSAT Globalstar, Inc. 63.81 -2.82 (-4.23%)Most activeNVO Novo Nordisk A/S 52.30 +4.19 (+8.72%)NVDA NVIDIA Corporation 184.06 +0.37 (+0.20%)PLUG Plug Power Inc. 2.0798 -0.0302 (-1.43%)RKLB Rocket Lab Corporation 78.49 +0.94 (+1.21%)TSLA Tesla, Inc. 488.93 +0.20 (+0.04%)Top economic eventsEarnings eventsMy earnings eventsEarnings events