10 Reasons Smart People Are Bad With Money
The Personal Finance Podcast
Andrew Giancola
4.7 • 1.4K Ratings
🗓️ 1 April 2026
⏱️ 52 minutes
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| 0:00.0 | On this episode of the Personal Finance Podcast, 10 reasons why smart people are bad with money. |
| 0:15.1 | What's up, everybody, and welcome to the Personal Finance Podcast. I'm your host, Andrew, founder of MasterMoney.com. And today on the Personal Finance Podcast, I'm your host, Andrew, founder of mastermoney.co. |
| 0:23.3 | And today on the personal finance podcast, we're going to be diving into 10 reasons. |
| 0:28.5 | Smart people are bad with money. If you guys have any questions, make sure you join the master |
| 0:33.6 | money newsletter by going to mastermoney.com slash newsletter and don't forget to follow us on |
| 0:38.8 | Apple Podcasts, Spotify, YouTube or whatever podcast player, you love listening to this podcast on |
| 0:44.6 | and if you want to have out the show, consider leaving a five-star rating and review on Apple Podcast, |
| 0:49.3 | Spotify, or your favorite podcast player. Now, I used to think that if you were smart, money would just take care of itself. |
| 0:56.7 | But the more and more people that I talk to, the more I realize that this just is not the case. |
| 1:01.3 | And in fact, there are some very smart people out there who truthfully are very bad with money. |
| 1:07.6 | And we're going to talk through a number of different reasons when it comes to psychology, when it comes to what the media is teaching you, but also in addition, when it comes |
| 1:15.7 | to how you think about money and how you were raised with money. And so in this episode, we're going to be |
| 1:20.9 | diving deeper into why smart people really keep failing with their money. In fact, some of the smartest |
| 1:26.2 | people I know are those that are the most stressed when it comes to money. Maybe you're making a great income, but you don't know what you do with your next dollars. Or maybe you're not some sort of financial expert and you're just trying to figure out what to do. And here's the thing, is some of the traits that help you succeed in your career can actually work against you when it comes to your finances. |
| 1:45.0 | You start over-analyzing your decisions and you trust your own judgment a little too much. |
| 1:50.0 | You try to optimize everything and you try to figure it out later. And none of these feel like |
| 1:55.6 | mistakes. They feel like strengths. But the problem is when it comes to your finances, |
| 1:59.8 | doing less is a lot of times more. So in this is, when it comes to your finances, doing less is a lot of |
| 2:01.6 | times more. So in this episode, I'm going to walk through the 10 reasons why this happens, because |
| 2:06.9 | once you see these, you're going to start to recognize patterns in your own very life. And this |
| 2:11.8 | could help you change the way you see your money and change the way you see your finances. So our |
| 2:17.1 | goal with this episode is to make |
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