Australian Investors Podcast Financial IQ vs EQ: How to master your money, with Karen Eley
10 snips
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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Use A Financial Wheel Of Life
- Do a financial wheel of life to take stock beyond bank balances.
- Use it to see how non-financial areas affect your money decisions.
Advisors Should Lean Into Psychology
- Technology frees advisors from data work, letting them focus on clients' psychology.
- Advisors should explore values and money meanings to explain client behaviour.
Two Sides Of Financial Wellbeing
- Financial wellbeing has two sides: practical IQ actions and emotional EQ behaviours.
- Both must be balanced; one without the other leaves distress or irrational habits.
