Mastering Personal Finance: The Role of Emotion and Bias

Our guest this episode is Jessica Moorhouse—a Canadian personal finance creator, host of the “More Money Podcast,” and soon-to-be-published author of the book “Everything but Money: The Hidden Barriers Between You and Financial Freedom.”

In this episode Dave and Jessica discuss how our emotions and past experiences affect our relationship with money including bad financial habits people learn from their parents, biases that get in our way, why the financial industry benefits from making it seem more complicated than it is and much, much more.

Don’t miss this engaging discussion with Jessica Moorhouse.

Show Notes
00:00 – Introduction
00:56 – Jessica's Background
03:21 – How Jessica's Podcast Started
05:51 – Jessica's Upcoming Book
11:43 – Bad Money Habits We Learn From Our Parents
15:34 – Money and Shame
17:18 – How to Take Control of Your Relationship with Money
19:07 – Status Quo Bias
22:15 – Anyone Can Learn to be Good With Money
24:33 – Overconfidence Bias in Young Men
27:02 – Women and Investing
29:02 – Emotions and Investing
31:51 – Index Investing & Fintech
33:51 – Focus on What You Can Control and Don't Give Up Hope
38:10 – Living in Toronto
40:37 – The Best Financial Educators Are Truly Trying to Help
43:55 – Happiness and Financial Planning
46:39 – COVID
49:18 – Where to Get Jessica’s Book