The Best Financial Advice You’ll Ever Hear

The Mel Robbins Podcast

SiriusXM Podcasts

Education, Mental Health, Relationships, Self-improvement, Society & Culture, Health & Fitness

4.8 • 10.6K Ratings

🗓️ 22 September 2025

⏱️ 84 minutes

🔗️ Recording | iTunes | RSS

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Summary

This episode delivers the best financial advice you’ll ever hear. It will teach you the 5 money habits that can change your life. And it’s your guide to taking control of your money: how to make it, save it, and invest it no matter where you're starting from. Whether you're trying to feel more confident with your finances, buried in debt, living paycheck-to-paycheck, or want to learn more about investing, this episode will shift the way you think about money, and what to do with it, for good. Mel is joined by Morgan Housel, the bestselling author of The Psychology of Money and one of the most trusted financial experts in the world. His insights have helped millions of people feel more in control of their money and now he’s sharing them with you. Morgan breaks down: -The #1 mistake that’s keeping you broke -The 5 habits that will transform your financial life -Why every dollar you spend comes down to two kinds of decisions -How to stop letting comparison control your spending -What to do every time you get paid -How to build wealth even if you're starting from zero -The exact investment strategy that beats virtually every single money manager Mel will also share her story of going from $800,000 in debt, with maxed-out credit cards, a lien on her house, and no idea how she’d make it out - to how she finally turned things around. You’ll walk away with a smarter, more empowered approach to money. This is simple, practical, and research-backed financial advice that works. If you're ready to stop feeling overwhelmed and start taking control of your money, this episode is where it begins. For more resources, click here for the podcast episode page. Sign up here to get exclusive access to presale tickets for Mel's live tour, Let Them Tour 2026, before tickets go on sale to the public. If you liked the episode, check out this one next: 5 Rules of Money: How to Make It, Save It, & Be Smarter About It Connect with Mel: Get Mel’s #1 bestselling book, The Let Them Theory Watch the episodes on YouTube Follow Mel on Instagram The Mel Robbins Podcast Instagram Mel's TikTok Sign up for Mel’s personal newsletter Subscribe to SiriusXM Podcasts+ to listen to new episodes ad-free Disclaimer

Transcript

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0:00.0	Hey, it's your friend Mel, and welcome to the Mel Robbins podcast.
0:08.7	I've been getting a lot of questions about money.
0:11.2	Questions like, Mel, how do I start saving?
0:14.7	How do I invest when I can barely pay my bills?
0:17.7	How do I break these bad spending happens?
0:20.3	I'm buying so much stuff I don't need.
0:22.1	What if I'm not making enough to get ahead? What if I'm deep in debt? Help! I'm just not good with
0:28.1	money. I get it. And holy cow, have I been there. I mean, at one point, I was $800,000 in debt,
0:35.3	maxed out the credit cards, lean on my house, barely getting food on the
0:39.7	table. I felt completely overwhelmed, ashamed, lost, like I was never going to dig my way out.
0:46.6	And right now, I know so many of you are feeling that way, too, which is why I wanted to introduce
0:52.6	you to the person who wrote my favorite book on money.
0:57.7	It completely changed my financial life. The book? The Psychology of Money. Now, this is the book
1:03.7	that I've made all three of my kids read. It's the book that I recommend on the topic of money,
1:08.1	and so I called up the author, and today, Morgan Housel is here to give you
1:13.7	simple, powerful things that you can do that are 100% within your control. And here's the most
1:21.1	important thing you need to hear. You do not need to make more money in order to get good with money. I mean, isn't that great news?
1:30.1	We're going to start right where you are. Today, Morgan is going to give you money rules that actually
1:35.6	matter, including the number one decision that's keeping you broke, why every single dollar
1:41.4	that you spend comes down to just two choices.
1:47.2	You're also going to learn how to break bad habits, manage your money,
1:51.8	and exactly what you need to be doing every time you get paid.
	...

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