Smart people make bad decisions all the time. That’s because intelligence (IQ) has no bearing on our ability to make rational, unbiased decisions. If you can be aware of your biases and investigate your intuitions then you will make better decisions which can have a profound effect on your finances. In this episode, David Robson, author of The Intelligence Trap, lays out the key biases stopping you from getting richer - and how to combat them.

You can find David's book here: http://bit.ly/3T04h8F

💷 What to do with a lump sum webinar - join the waiting list:

https://makingmoney.email/lump-sum-audio

🤝 Want help from a financial advisor?

We’ve teamed up with advisors we rate so you can get professional support. Learn more: 

https://makingmoney.email/financial-advisors-audio

⛑️ Check your financial health

https://makingmoney.email/health-check-audio

📧 Free guides on personal finance

Learn how to build wealth in the UK: https://linktr.ee/makingmoneypod

📈 Investment platforms we use:

Trading 212

Get a free share worth up to £100 when you sign up for a new Invest or ISA account and deposit at least £1.

Use the code ‘MM’ or this link: https://www.trading212.com/promocodes/MM

InvestEngine 

Get up to a £50 bonus when you invest at least £100.

https://investengine.pxf.io/daOD2Q

Vanguard

https://www.vanguardinvestor.co.uk/

🎉Sponsors

Vanta - Get your company secure and compliant, with $1k off: https://vanta.com/makingmoney

Tide - Get 4.07% AER variable on your business savings. Use this link www.tide.co/offer/makingmoneyq1 or the code 'MAKINGMONEYQ1'. You'll also get £100 if you fund your account with £5,000 in the first 30 days. Ts&Cs apply. 

New members receive a 0.78% AER boost on the standard 3.29% on unlimited deposits until 01/06/25 after which the rate reverts to 3.29% and is only earned on balances up to £75,000. Rate correct as of 19/12/24. Full terms: tide.co/terms/makingmoneyq1-tnc.

--

If you purchase a product or service using one of the links above, we may receive a commission. There will be no additional charge for you. Remember investments can fall and rise - and past performance is no guarantee of future results. Other fees may apply. Your money is at risk.

This is not financial advice. The reason it’s not financial advice is because it’s not tailored to you. We explain the principles of building wealth but if you want personalised advice, it’s worth speaking to a financial advisor. As with everything financial, please do your own research. We really encourage that because no one cares more about your money than you and if you learn the basics then it will change your life.