The #1 Money Rule to Live By: Understand The Psychology of Money

The Mel Robbins Podcast

SiriusXM Podcasts

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

4.8 • 10.6K Ratings

🗓️ 14 November 2024

⏱️ 42 minutes

🔗️ Recording | iTunes | RSS

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Summary

Today, you’ll learn the #1 money rule to live by to achieve financial success. You’ll also get the secret to stopping fear and anxiety around money for good. In this episode, financial expert Farnoosh Torabi will uncover major money myths that leave you feeling trapped and the steps you need to take to get good with money and build wealth. Whether you want to start saving, make more, or get out of debt, this episode will lay the foundation for greater financial success. This is an open and honest episode that will help you transform your relationship with money, and Mel candidly shares about her experience with financial fear after she found herself $800,000 in debt. For more resources related to this episode, click here for the podcast episode page. If you want more content related to money and finances, listen to this episode next: 5 Rules of Money: How to Make It, Save It, & Be Smarter About It Connect with Mel: Watch the episodes on YouTube Get Mel’s new book, The Let Them Theory Follow Mel on Instagram The Mel Robbins Podcast Instagram Mel's TikTok Sign up for Mel’s personal letter Disclaimer

Transcript

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0:00.0	Hey, it's your friend Mel and welcome to the Mel Robbins podcast.
0:07.6	Are you afraid you'll never have enough money?
0:10.3	Or worried that you'll never be able to buy a house or send your kids to college?
0:15.4	Or maybe deep down, you're afraid that no matter how hard you work, you'll never get ahead.
0:22.3	Or just staring at your bank account make you panic?
0:25.5	Well, I know that fear because I've lived with it for a large part of my life,
0:30.3	from maxing out credit cards in my 20s to spending my money on just the dumbest things
0:35.2	to worrying that I would never be able to afford a house. And then,
0:39.1	when I finally did, I almost lost it. For years, I had no idea how to get out of debt or how to
0:46.1	get out of this spiral and fear around money, working myself to exhaustion, multiple jobs,
0:51.9	feeling like I would never, ever, ever climb out of the hole that I was in.
0:57.2	If the fear of money is suffocating you, you're not alone. And if I can figure this out, so can you.
1:03.9	I have changed my relationship with money. And today, bestselling author and leading financial
1:09.6	expert, Farnush Tar Tarabi is here to teach you
1:12.5	how to face your fears and unlock the financial freedom that you deserve. This episode is your
1:18.3	lifeline and guide to a completely different relationship with money. Whether you're struggling
1:24.5	with debt or starting to build a little savings or you're already on the
1:29.5	path to financial freedom. This is a conversation about money that you and everyone that you love
1:35.6	needs to hear.
2:02.0	Hey, it's Mel. I am so excited that you're here. It is always such an honor to spend time with you and to be together. And if you're brand new, welcome to the Mel Robbins podcast family. And thank you for choosing to listen to this podcast episode about money. And you know what that tells me? It tells me that you're the type of person that not only values money, but you value your time and you're interested in learning
2:06.3	about ways that you can improve your life. I just love that. And I'm so excited that you're here today
2:11.5	because you and I are going to dive into something that so many of us struggle with, but we don't
	...

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