The Psychology of Money: Why Smart People Still Make Bad Financial Decisions
About this episode
The episode explores the emotional factors influencing financial decisions and the role of financial therapy in improving money management.
Why do intelligent, successful people make costly financial mistakes? This week on The Financial Quarterback radio show, Josh sits down with Certified Financial Planner and Certified Financial Therapist Bobbi Rebell for a fascinating conversation about the emotional side of money. From panic-selling during market downturns to overspending, relationship dynamics, and retirement expectations, they explore why our financial decisions are often driven more by psychology than logic. The discussion also dives into the growing field of financial therapy, why knowledge alone doesn't create good financial outcomes, and how understanding your own money behaviors can lead to better long-term results. Josh also examines what celebrity relationships and high-profile prenups can teach everyday families about protecting wealth, planning ahead, and making financial decisions without letting emotions take over. Whether you're preparing for retirement, managing family finances, or simply trying to become a more disciplined investor, this episode offers practical insights that can help you build a stronger financial future. Topics Covered: Why financial success is often more about behavior than…
People in this episode
Host: Josh Jalinski
Guest: Bobbi Rebell
Topics covered
- psychology of money
- financial decisions
- financial therapy
- investment behavior
- retirement planning
- money management
Keywords
- financial mistakes
- emotional side of money
- panic-selling
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