Why do high-performing engineers and technical professionals still struggle with money? Victor Idoko, wealth strategist and founder of Elevate Your Wealth, joins The Iferia TechCast to break down the psychological and practical gaps keeping STEM professionals from financial freedom.
In this episode, you'll learn:
- Why engineers lose money: The "1+1=2" mindset vs. the probabilistic reality of investing.
- Diversification decoded: How to build a portfolio that's actually resilient (hint: it's not just stocks).
- The 95% rule: Victor's data-backed case for why long-term investing almost always pays off.
- Actionable steps: How to use percentages to automate savings—even if you "hate finance."
For engineers tired of feeling behind on money or overwhelmed by jargon, Victor's blend of behavioral science and wealth strategy is a game-changer.
Connect With Victor Idoko:
- Instagram: https://www.instagram.com/iamvictoridoko
- YouTube: https://youtube.com/@victoridokocfv
Support the Show:
- Fuel the podcast with a coffee: https://iferia.nestuge.com/supportme
- Subscribe and leave a review!
- Share this episode with a colleague who needs a money mindset reset.
Want to Be a Guest on The Iferia TechCast?
Engineers, makers, or tech professionals with a story to share—reach out to Ezekiel here:
- PodMatch Host Profile: https://podmatch.com/hostdetailpreview/theiferiatechcast
Chapters:
00:00 Financial Challenges for Technical Professionals
03:01 Probability: The Math Behind Investing
05:59 Why Diversification Beats “Big Bets”
08:53 Your Career vs. Your Investments
11:58 Victor’s 3 Core Wealth Strategies
14:53 Herd Mentality & Other Money Biases
18:08 Saving vs. Cash Flow Management
20:51 One Action to Start Today
24:11 What Innovation Means for Wealth
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