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.
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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 related to today’s episode, click here for the podcast episode page: https://www.melrobbins.com/episode/episode-327/
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
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:
00:00 Meet the Guest
07:16 ?You Can Get Good with Money
28:58 The #1 Thing that Will Keep You Broke
37:54 Every Dollar Comes Down to 2 Decisions
47:18 Morgan’s Top Investing Tips
59:30 The Difference Between Being Rich and Wealthy
01:07:49 The Importance of Saving
01:15:54 Enough is Better Than More
01:21:34 ?You Can Change Your Financial Story
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What are the three types of ignorance?
Ignorance can appear in three different types: factual ignorance (absence of knowledge of some fact), object ignorance (unacquaintance with some object), and technical ignorance (absence of knowledge of how to do something).
The pool of comparison in this day and age. Wow, how did I not see that well enough to verbalize it in that way….
Thank you for this podcast, have learnt a lot.
Great video—I’m retired at 46 and have gone from grace to greater grace. This video reminds me of my transformation from having nothing to having a good home, an honest wife, a loving daughter, and earning $35k biweekly.
Pay yourself first!! I did in the 80’s as young Manager! Mind you I DIDN’T make very much money. Not putting myself down ; more like looking back in amazement. I was very good with money!! Moved to California in ‘77 with $362.00 in my pocket! Own my own California home & comfortable.
Thank you Mel ????
Good ????????
thanks for the video
Excellent podcast
Whatever your income, save a bit consistently—money psychology is important.
I really this kind of discussion it helps me a lot?
People underestimate how powerful consistency is. Investing small amounts early beats big amounts late.
It just make me happier to be here and i tap from his great experience to build my own financial tips channel???????????????
I can’t find a job to save my life. Never had money. I’m 31 but financially 13.
Am 18 years how can i invest
If you want to find out what's most important to people, just go to a grave yard. What do people write down as their finally message on their tomb stone? It's father, mother daughter, son, friendships, pets, religion, club/organization, maybe job, university. It's relationship. What I discovered the key to happiness is a relationship. I traveled to a developing country, and the reason they were able to endure all the hardship is because of family, friends, and community. So I hope this message reaches someone and hope they go find happiness within and with others in relationship.
thanks for this great videos
Thank you Mel Robbins ????..ironically yours Let Them & Morgan’s Physiology of money I just brought from outside of Cannught place at Delhi during my recent India visit ??????????????????..thankful to you Mell for all your podcasts on YouTube..big fan of you ????????????????????
Such a powerful video
This video is a goldmine of financial wisdom! ???? Big thanks to Mel and Morgan for these life-changing insights. The lesson that happiness is the gap between expectations and reality truly shifted my mindset. ????? Investing in 'independence' rather than status is so powerful. Such an inspiring and valuable watch! ?????????
Really love creator that help people to earn more money and how to manage it