The Psychology of Money: 7 Biases to Watch Out For Artwork

Women on Wealth, By Women For Women

Do you ever feel unsettled as to whether you are on track towards your goals? Listen in as Julina demystifies every day financial topics, to give you confidence in your future. She is a Partner and Wealth Advisor with Principle Wealth Partners, a Certified Private Wealth Advisor and Certified Investment Management Analyst with over twenty years of industry experience. To understand more, start here!

All Episodes

Women on Wealth, By Women For Women

The Psychology of Money: 7 Biases to Watch Out For

September 12, 2025 • Julina Ogilvie

Why do smart people still make money mistakes? Julina Ogilvie and guest Ben Rizzuto, Director and Wealth Strategist at Janus Henderson Investors, uncover the seven deadly biases that influence our financial choices. Learn how to spot anchoring, FOMO, loss aversion, and more—and discover practical strategies to make calmer, smarter money decisions.

Timestamps:

02:23 – Why money decisions are so emotional

04:01 – System 1 vs. System 2 thinking

08:46 – Why intelligence doesn’t prevent mistakes

10:36 – The 7 deadly biases in finance

39:26 – Strategies to slow down emotional decisions

42:12 – Gender differences in investing confidence

45:21 – Family money stories & couples’ communication

49:11 – Planning tools & stress-testing portfolios

50:19 – Teaching kids about money

Connect with Julina Ogilvie:
Website

YouTube

LinkedIn
Email- jogilvie@principlewealthpartners.com

The information provided is for educational and informational purposes only and does not constitute investment advice and it should not be relied on as such. The statements and opinions expressed in this podcast are those of the author. PWP cannot guarantee the accuracy or completeness of any statements or data. For current PWP information, please visit the Investment Adviser Public Disclosure website at www.adviserinfo.sec.gov by searching with PWP’s CRD #290180