Ep. 169 | Why Smart People Make Terrible Money Decisions
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Ep. 169 | Why Smart People Make Terrible Money Decisions
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Ep. 169 | Why Smart People Make Terrible Money Decisions
Why do intelligent, successful people sometimes make surprisingly bad decisions with money?
In this episode of the Ms. Biz Podcast, Brooke and Rachel explore the fascinating psychology of money and why financial decisions aren't always as rational as we think. From spending and saving to risk, investing, debt, and lifestyle choices, the way we handle money is often influenced by emotions, experiences, habits, and beliefs that have little to do with how intelligent we are.
Being good at business or successful in your career doesn't automatically mean you're good with money. The decisions we make about wealth are deeply personal and can be shaped by fear, confidence, comparison, impulse, and our own definition of what financial success looks like.
Brooke and Rachel take a closer look at the behaviors and thought patterns that can lead even smart, successful people to make poor financial decisions. They discuss why understanding your relationship with money may be just as important as understanding the numbers—and how becoming more aware of your financial habits can lead to better decisions.
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