#12 The Biggest Mistake Smart Tech Professionals Make With Their Wealth

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Wealth Bytes Podcast

Mo Shouman

12 episodes

3 days ago

Wealth Bytes is the only go-to podcast for tech professionals looking to make tax-smart decisions and build wealth for early retirement. Hosted by Mo Shouman, a financial expert with 20+ years of experience, this podcast delivers practical, no-nonsense financial strategies tailored for high-earning professionals in the tech industry. Each episode breaks down complex financial concepts into actionable insights, helping you grow your wealth, optimise your tax strategy, and create financial freedom on your own terms. If you're ready to take control of your financial future, tune in now.

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#12 The Biggest Mistake Smart Tech Professionals Make With Their Wealth

Wealth Bytes Podcast

23 minutes 50 seconds

3 days ago

#12 The Biggest Mistake Smart Tech Professionals Make With Their Wealth

Ever wonder why even the smartest, highest-earning tech professionals sometimes feel financially exposed? In this special first-birthday episode of Wealth Bytes, Mo Shouman reveals the hidden flaw in most wealth plans - the obsession with upside - and why true financial security starts by protecting the downside.

Drawing from neuroscience, client stories, and over 20 years advising tech professionals, Mo unpacks why our brains are wired to ignore risk and how to re-engineer your financial foundation for resilience and freedom.

What You’ll Learn in This Episode:

- The brain bias that makes smart people overlook financial risk

- Why focusing only on growth (income, RSUs, property) creates fragile wealth

- The three missing legs of a solid wealth plan:

Estate Planning - the forgotten foundation
Wealth Protection – preparing for life’s curveballs
Investment Risk Management - reducing concentration risk

- Real client stories of setbacks caused by optimism bias - and how restructuring created freedom

- How to design a plan that works even when life doesn’t go to plan

Key Takeaways & Strategies:

Plan for the downside so you can enjoy the upside with confidence.

Estate planning isn’t about dying - it’s about control and continuity.

Protect your income - your greatest wealth-building asset.

Don’t rely on employer stock or super-fund insurance - tailor your cover to your lifestyle.

Diversify intentionally - no single company or asset should define your future.

Resilience beats returns - real freedom is the ability to stay secure through any market.

Connect with Mo Shouman:

Connect with me on LinkedIn: Mo Shouman

Email me: mo@mywealthchoice.com.au

Visit My Wealth Choice: www.mywealthchoice.com.au

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