Money Mindsets for Technical Professionals: Overcoming Financial Blindspots - Victor Idoko

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