The Best Financial Advice You’ll Ever Hear
Video Overview & Insights
Order your copy of The Let Them Theory 👉 https://melrob.co/let-them-theory 👈 The #1 Best Selling Book of 2025 🔥 Discover how much power you truly have. It all begins with two simple words. Let Them.
Man oh man… toke about 20 mins to get started!
—
This episode delivers the best financial advice you’ll ever hear.
Luxuries are to the appearance of others. Whag do YOU get out of it? More than your compounding assets?
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.
You woman, you are talking a lot more than the guest please we want to hear from the guest.
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.
He literally simplified everything in a simply explanation
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:
How much any person saved for retirement doesn't matter much, what matter first is how much of income from other sources you have and how much you spend. If you spend more than coming in, amount of saved money gets in play
-The #1 mistake that’s keeping you broke
-The 5 habits that will transform your financial life
How to Money invest
-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
Running business from home is one of the best way to make income without saying yes to anyone.
-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.
This guy‘s positions is completely refuted by the facts. Back in the 50s you could have one person in the home working and raise a family. In the 50s you could buy a home. In the 50s in the 60s, they had pensions. Every bit of the population data that we have available. Refuses what he’s saying.You lost me.
You’ll walk away with a smarter, more empowered approach to money.
This is simple, practical, and research-backed financial advice that works.
The 'myth of I don't have' is such a loud truth. We always think we need the next upgrade to start our goals, when really it's just an excuse to spend and procrastinate. This was the exact wake-up call and reminder I needed to keep my lifestyle creep in check. Incredible video.
If you're ready to stop feeling overwhelmed and start taking control of your money, this episode is where it begins.
For more resources related to today’s episode, click here for the podcast episode page: https://www.melrobbins.com/episode/episode-327/
Trust me this is really insightful
Click here to get tickets to Mel's live tour, Let Them Tour 2026: https://www.melrobbins.com/the-let-them-tour/
Follow The Mel Robbins Podcast on Instagram: https://www.instagram.com/themelrobbinspodcast
What a FANTASTIC interview!!!! ❤
I’m just your friend. I am not a licensed therapist, and this podcast is NOT intended as a substitute for the advice of a physician, professional coach, psychotherapist, or other qualified professional. Got it? Good. I’ll see you in the next episode.
In this episode:
This conversation felt surprisingly disconnected from the financial reality many working people face today.
Throughout the discussion, financial hardship was repeatedly framed as a problem of mindset, expectations, comparison, or spending habits. While those factors can play a role, many people are struggling because housing, healthcare, childcare, education, and other basic necessities have become increasingly unaffordable relative to wages.
Not everyone who is struggling financially is chasing status, buying luxury goods, or trying to keep up with others. Many people are already budgeting carefully, making sacrifices, and doing everything they can to stay afloat.
The conversation seemed to assume that financial difficulties are primarily behavioral, when for many people the issue is structural and mathematical. You cannot budget your way out of every problem when the cost of living continues to outpace income.
I would have appreciated a discussion that acknowledged both personal responsibility and the broader economic realities facing working families today.
00:00 Meet the Guest
07:16 You Can Get Good with Money
will i be rich becuase of this
28:58 The #1 Thing that Will Keep You Broke
37:54 Every Dollar Comes Down to 2 Decisions
The ultimate flex isn't owning a luxury car—it's having enough financial freedom to say "no" to things that don't align with your values. Live below your means, invest consistently, and let time do the heavy lifting.
47:18 Morgan’s Top Investing Tips
59:30 The Difference Between Being Rich and Wealthy
I’m still skeptical. Dude when can I eat? In 30 years? Psssshhh!
01:07:49 The Importance of Saving
01:15:54 Enough is Better Than More
The people who aren't good with money, don't want to be. 💡
01:21:34 You Can Change Your Financial Story
—
It's not about how much you make 😅
Follow Mel:
Instagram: https://www.instagram.com/melrobbins/
Great advice.
TikTok: http://tiktok.com/@melrobbins
Facebook: https://www.facebook.com/melrobbins
This might be the most practical financial advice I've heard in a long time. No hype, no get-rich-quick promises—just timeless principles that actually help people build wealth and make better decisions. Thanks for sharing such valuable insights! 👏📈
LinkedIn: https://www.linkedin.com/in/melrobbins
Website: http://melrobbins.com
—
Sign up for Mel’s newsletter: https://melrob.co/sign-up-newsletter
thank you for this great advice
A note from Mel to you, twice a week, sharing simple, practical ways to build the life you want.
—
Great 👍
Subscribe to Mel’s channel here: https://www.youtube.com/melrobbins?sub_confirmation=1
—
Peace of mind for me living without debts!
Listen to The Mel Robbins Podcast 🎧 New episodes drop every Monday & Thursday!
https://melrob.co/spotify
Great talk, i like it a lot
https://melrob.co/applepodcasts
https://melrob.co/amazonmusic
Oh Mel how I adore you, your ability to not only speak TO your audience or about us but WITH us should be studied. I feel like you always defend what we would really like to hear. Thank you for a podcast which feels like home. I feel so seen, loved and heard every time I tune you. Keep it up!
—
Looking for Mel’s books on Amazon? Find them here:
To the host and the guest you don’t a wonderful job. I am a older lady a widow never was taught how to save our invest and now I’m learning from your podcast I am very interested in investing and saving. I always say but always seem to something come up. It has spin it so I’m trying to get a new mindset on how to save a continuous save and where to go and who to talk to to invest?.
The Let Them Theory: https://amzn.to/3IQ21Oe
The Let Them Theory Audiobook: https://amzn.to/413SObp
My question is to you how do I know who who did invest in where to invest in? Excuse me? Where do I start?🎉
The High 5 Habit: https://amzn.to/3fMvfPQ
The 5 Second Rule: https://amzn.to/4l54fah
I love you Mel! 🤗
More User Perspectives
Debt, as a definition of "Spending Money that you don't have, to buy things you don't want, to impress people you don't like", is the Best one I've heard!
But "Leverage" is the ability to take "Borrowed Funds, that have a specific cost or interest rate, and use said funds, to create 2x or 3x the Cost of said Funds!"
Leverage in finance, is a two edged Sword, however!
The most powerful thing money can buy is time. Every other financial goal is ultimately an attempt to gain more control over how you spend it."
@the_stephen_filesThanks 🙏🏽 So much
@sheilawynn3781Good video❤
@Ishowreaction-v7oSometimes I have some things for my satisfaction, not to satisfy anyone else. A comfortable car that I like to drive. How do you see this?
@kasunmanchanayake5550I work around many senior citizens and my dad is one as well and I always hear the 50's were when they would go back to. I love in a house built in the 50's. There isn't air conditioning, true. But the weather isn't the same now. 40 years ago I was in this house regularly and we didn't need a/c. There are so many factors involved. I personally didn't live in the 50's but I would go back to that era. The family unit was important and now, the world is very different today.
@maefoxworth8644Thats why money is freedom, independence to live as you choose
@NewtoNica-p9tEvery dollar of debt is a piece of your future someone else owns. Every dollar of savings is a piece of your future you own back. That reframe alone is worth more than any financial course.
@AlexStreamsOfficialGreat content
@G.KalaniSilvaJ
Lo
Awesome job!
@ThanhPhạm-r4c3kVery helpful, thanks!
@ThanhPhạm-r4c3kSHUT IT!!
@MrLaurence8HOW TO MAKE ???MONEY ALL YOU ARE TALKING ABOUT SO FAR IS THE PSYCHOLOGICAL AFFECTS OF NOT HAVING MONEY !!! TELL US HOW YO MAKE MONEY NOT EMPHATHISE ?!? GIVE ME A BREAK?!! IN THE 1950 money was different then to what it is now !! GIVE ME A BREAK!!
@MrLaurence8Finance
@MichelleTampos-w1fThis was an absolutely excellent program. ❤ Thank you.
@jeantovern3918mistake that’s keeping you broke, nice one
@dimetimesIts a powerful episode with 5 money habits that can change life.
@greenbackfreedomI commented once to my mother that a boyfriend at the time checked his bank account every day. She responded that broke people do that….😂🤦♀️
@angelaa.7352