How Leaders Make Bad Money Decisions and the Science to Fix It with Dr. Preet Banerjee

Описание: On this episode of the Leadership Standard, Jamie welcomes Dr. Preet Banerjee, neuroscientist, and one of Canada’s most compelling and respected voices on money and decision-making for a powerful, fast-moving conversation that every Canadian small-to-mid-size business leader needs to hear. Dr. Banerjee breaks down why 95% of AI projects fail, how employees are secretly using shadow AI tools to stay productive, and why scams are becoming more sophisticated than ever. He also reveals the behavioural traps that cause leaders to make poor financial decisions, shares vivid examples you’ll never forget, and offers clear strategies for navigating uncertainty, simplifying decisions, and planning proactively for 2026.

TEC Canada is where the brightest minds in leadership gather. Learn how membership supports growth-minded executives: https://bit.ly/3INwmxq

Connect with Jamie Mason Cohen:
Website: https://jamiemasoncohen.com/
Instagram:   / jamiemasoncohen  
YouTube:    / @jamiemasoncohen  
Tiktok:   / ucgmmwiwvrtnba-4pbtw4lcq  

Chapters:
00:00:00 AI, Productivity & Corporate Policy / Rapid Tech vs Slow Policy
00:04:32 Building Custom AI Apps / How AI Supercharges Financial Professionals
00:06:44 Why 95% of Company AI Projects Fail
00:11:36 2025 Business Advice / How Information Overload Shapes Behavior
00:13:29 Simplifying Financial Literacy / Planning Over Products
00:15:07 Tariffs & Small Businesses / How Uncertainty Halts Investment
00:16:05 The Paradox of Choice / The Famous “Jam Study” Explained
00:19:25 Scams Canadians Face / How AI Is Weaponized for Fraud
00:26:43 Scam Prevention Must Be a Priority / A Call to Business Owners
00:29:16 Why We Say “Costs an Arm and a Leg” / Two Competing Origins
00:30:40 The Cinnamon Roll Story / Understanding Present Bias & Poor Money Decisions
00:33:37 December Planning / Why Businesses Must Decide Before the Cash Arrives
00:35:55 Reduce Decision Points / Automation Makes Better Financial Outcomes
00:38:24 What Preet Wants to Celebrate Next
00:39:23 Where to Find Preet / Website, Research & Keynotes
00:40:03 Final Thoughts / Join TEC Canada & Explore More Episodes

Resources mentioned on the show:
Visit Dr. Preet at his website at preetbanerjee.com
Stop Over-Thinking Your Money!: The Five Simple Rules Of Financial Success Book
Grab a copy at https://www.amazon.ca/Stop-Over-Think...

Dr. Preet Banerjee’s Bio:
Preet’s career path is anything but ordinary. He was first trained as a neuroscientist, took a detour as an aspiring race car driver, and ultimately became one of the most recognized voices in personal finance. He is Chair of the Foundation for the Advancement of Investor Rights, a columnist with The Globe and Mail, and co-founder of the Advisor Video Bootcamp. Preet is also a multi-platform creator, with more than 125,000 YouTube subscribers, three published books, and one of the very first financial podcasts.

ABOUT THE LEADERSHIP STANDARD PODCAST The Leadership Standard, hosted by TEC Canada speaker and leadership development and resilience expert Jamie Mason Cohen, features in-depth conversations with subject matter experts all across the business spectrum. Featuring thought leadership and actionable insights to challenge your assumptions—and inspiring stories of business triumphs, struggles, and perseverance that provide a motivational push—every episode of The Leadership Standard is a revealing discussion about the life of business and the business of life.