Why Smart People Stay Broke (The Psychology of Money Explained)

Why do so many intelligent, highly educated people still struggle financially?In this episode of Brave Moves, Julie DeLucca-Collins explores the psychology of money, emotional decision-making, perfectionism, and why intelligence alone does not guarantee financial success.Drawing from research on financial behavior, neuroscience, and mindset, Julie breaks down how overthinking, fear of failure, perfectionism, and emotional reactions can prevent people from building wealth and taking meaningful action.If you’ve ever struggled with over-preparing, waiting for certainty, or feeling stuck despite knowing “what to do,” this episode will help you better understand the emotional side of success and financial growth.In This Episode, You’ll Learn: Why intelligence and financial intelligence are different  How perfectionism and overthinking keep people stuck  The neuroscience behind emotional financial decisions  Why fear and uncertainty impact action-taking  How emotional resilience affects wealth building  Why action matters more than perfection Key TakeawaySuccess is not just about knowledge.It’s about learning to act despite uncertainty.If you loved this episode, text me and let me know what you though. Support the showJoin the CommunityBrave Moves is a daily confidence and personal growth podcast for ambitious women, women entrepreneurs, and leaders who are ready to overcome self-doubt, build resilience, and take bold action in business and life. Each short, practical episode blends mindset science, decision-making psychology, and real-life stories to help you strengthen your confidence, rewire negative thought patterns, and create meaningful forward momentum.If you are navigating career pivots, burnout, reinvention, or leadership growth, Brave Moves gives you the tools to think differently, act bravely, and design a future aligned with your values and vision. Because confidence isn’t something you’re born with. It’s something you build, one brave move at a time.Liked this episode? Share it with your midlife woman, entrepreneur friends!Love this show? Let us know how we helped you increase your confidence by leaving a review.For more about me and what I do, check out my website.If you’re looking for support to grow your business faster, be positioned as an authority in your industry, and impact the masses, schedule a call to explore if you’d be a good fit for one of my coaching programs.Fo...