Australian Investors Podcast Financial IQ vs EQ: How to master your money, with Karen Eley
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Nov 24, 2025 
Karen Eley, a money coach and former financial adviser, dives into the intriguing interplay between financial IQ and EQ. She explains that financial knowledge alone isn't enough; emotional awareness and behavior play a crucial role in money management. Discover practical tools like the financial wheel of life and how to teach children about financial discipline. Karen highlights the importance of aligning personal values with financial goals, stressing that true wellbeing comes from balancing both IQ and EQ in our financial journeys.
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IQ Versus EQ Defined
- Financial IQ is your technical knowledge about money, like diversification and tax consequences.
- Financial EQ is your emotional regulation and decision-making under pressure around money.
Behavior Beats Book Smarts
- Behaviour matters more than raw intelligence for long-term financial success.
- Morgan Housel's examples show disciplined people often outperform smarter but undisciplined ones.
Take A Money Personality Quiz
- Do a money personality quiz to identify strengths and weaknesses in your financial behaviour.
- Use that awareness to design safety nets and practical strategies for stressful times.
