Oprah and Business Leader Mellody Hobson Share the Money Advice You Need to Know Now

The Oprah Podcast

Harpo

Society & Culture

4.6 • 711 Ratings

🗓️ 28 January 2025

⏱️ 49 minutes

🔗️ Recording | iTunes | RSS

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Summary

BUY THE BOOK! "Priceless Facts about Money" by Mellody Hobson, published by CANDLEWICK | PENGUIN RANDOM HOUSE, is available wherever books and audio books are sold. Head to myalloy.com and use code: OPRAH for $20 off your first order. In this episode of The Oprah Podcast, financial expert and Co-CEO and President of Ariel Investments, ‪Mellody Hobson, offers practical advice to simplify financial conversations for families. Mellody shares details about struggling with money as a child, lessons she's taught her daughter and fascinating historical facts about money from her New York Times best-selling children's book, "Priceless Facts About Money." People from around the country join via Zoom to ask Mellody how to address financial questions and situations with their children. Follow Oprah Winfrey on Social: https://www.instagram.com/oprah/ https://www.facebook.com/oprahwinfrey/ Subscribe: https://www.youtube.com/@Oprah Listen to the full podcast: https://open.spotify.com/show/0tEVrfNp92a7lbjDe6GMLI https://podcasts.apple.com/us/podcast/the-oprah-podcast/id1782960381 Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	Hi, everyone. Welcome to the Oprah podcast. I'm so glad to be here with you. And hello to everyone watching us on YouTube. I'm talking with the brilliant and most effervescent Melody Hobson, who is the real maven of money. I know that for many of you talking about money, especially with your children, can bring up a lot
0:22.8	of stress and anxiety. Out of nowhere, they're going to ask you questions you're not prepared for.
0:28.7	Melody grew up, the youngest of six children, to a single mother who struggled to pay the bills.
0:34.3	She has her own painful memories of being evicted from their homes in Chicago.
0:39.5	This lack of agency fueled Melody's awareness of what money means in the world,
0:44.6	so she made it her mission to succeed.
0:48.2	Shortly after graduating from Princeton, she joined Ariel Investments.
0:52.9	It's a black-owned global asset management firm.
0:56.0	Melody quickly rose through the ranks there,
0:58.7	sharing her formidable knowledge on shows like Good Morning America.
1:02.5	When you use a lot of the credit that has been extended to you, it lowers your score.
1:06.9	Melody is now the co-CEO and president of Ariel
1:10.4	and served for over three years as chair of the board of Starbucks.
1:15.2	She is married to legendary filmmaker and Star Wars creator George Lucas.
1:19.6	Together, they have one daughter, 11-year-old Everest.
1:23.5	She is the inspiration behind Melody's latest project, the New York Times bestselling children's book,
1:30.3	Priceless Facts About Money.
1:37.8	So when I first read Melody's book, Priceless Facts About Money,
1:42.4	I was so surprised and delighted because what you did was you made learning about money fun.
1:49.2	And I know you were originally writing this book for children.
1:53.0	And I'm reading it like, well, I don't know how the stock exchange started.
1:57.1	I didn't know.
	...

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