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

Episode:
233

The Mel Robbins Podcast with Farnoosh Torabi

THE #1 MONEY RULE TO LIVE BY: UNDERSTAND THE PSYCHOLOGY OF MONEY

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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. 

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

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In this episode:

  • 2:14: Mel shares a financial lesson she had to learn after facing bankruptcy.  
  • 7:13 Why does money intimidate so many of us?
  • 13:15: What every woman needs to know about being financially independent.
  • 15:52: How do financial dynamics shape your relationships?
  • 21:00: The top 5 financial fears that keep most people up at night.
  • 23:35: Farnoosh’s go-to advice for overcoming financial fear and taking control of your money.
  • 31:22: How to harness your financial fear as a tool to transform your life.
  • 34:45: How to let your financial fear fuel your growth. 
  • 39:37: The one question to ask yourself if you have fear and anxiety around money. 

Farnoosh Torabi:

Additional Resources:

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In The Mel Robbins Podcast, Mel takes you behind the scenes in real-time. Every episode is packed with tactical advice, hilarious screwups, compelling conversations, and the tools and inspiration you need to create a better life.