About this episode
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. Click here to get tickets to Mel's live tour, Let Them Tour 2026. 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 Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.