Mellody Hobson
👤 PersonAppearances Over Time
Podcast Appearances
Because you were the youngest of six children and never had it. Right. And so I grew up with a single mom and there was just a shortage at all times. So we would get evicted. Our phone would get disconnected. Our lights would be turned off. There was a time we were living in an abandoned building. I mean, I could go on and on and on. Really traumatic when you're a child.
Because you were the youngest of six children and never had it. Right. And so I grew up with a single mom and there was just a shortage at all times. So we would get evicted. Our phone would get disconnected. Our lights would be turned off. There was a time we were living in an abandoned building. I mean, I could go on and on and on. Really traumatic when you're a child.
Because you were the youngest of six children and never had it. Right. And so I grew up with a single mom and there was just a shortage at all times. So we would get evicted. Our phone would get disconnected. Our lights would be turned off. There was a time we were living in an abandoned building. I mean, I could go on and on and on. Really traumatic when you're a child.
because when you're a child you have no control you can't go get a job there's nothing you can do on top of that i had a mother who was incredible in so many ways but made really bad money decisions and that was hard to watch even as a child and i kept thinking this isn't a good idea so my mom would buy easter dresses instead of paying the light bill i had that mother
because when you're a child you have no control you can't go get a job there's nothing you can do on top of that i had a mother who was incredible in so many ways but made really bad money decisions and that was hard to watch even as a child and i kept thinking this isn't a good idea so my mom would buy easter dresses instead of paying the light bill i had that mother
because when you're a child you have no control you can't go get a job there's nothing you can do on top of that i had a mother who was incredible in so many ways but made really bad money decisions and that was hard to watch even as a child and i kept thinking this isn't a good idea so my mom would buy easter dresses instead of paying the light bill i had that mother
Correct. You had to go to church looking a certain way.
Correct. You had to go to church looking a certain way.
Correct. You had to go to church looking a certain way.
Of course, Mary Janes. But we didn't have lights at home. And so that was one of those things that caused me so much anxiety. So at a very young age, I said, I want to understand money. I want to understand it. I want to not repeat what I'm seeing all around me. I want to make better decisions. It wasn't about an amount of money.
Of course, Mary Janes. But we didn't have lights at home. And so that was one of those things that caused me so much anxiety. So at a very young age, I said, I want to understand money. I want to understand it. I want to not repeat what I'm seeing all around me. I want to make better decisions. It wasn't about an amount of money.
Of course, Mary Janes. But we didn't have lights at home. And so that was one of those things that caused me so much anxiety. So at a very young age, I said, I want to understand money. I want to understand it. I want to not repeat what I'm seeing all around me. I want to make better decisions. It wasn't about an amount of money.
It was about truly breaking it down so that I could do and live life in a different way. And so I think that it's no accident I work in the investment business and have my entire career. My trauma in life became my purpose.
It was about truly breaking it down so that I could do and live life in a different way. And so I think that it's no accident I work in the investment business and have my entire career. My trauma in life became my purpose.
It was about truly breaking it down so that I could do and live life in a different way. And so I think that it's no accident I work in the investment business and have my entire career. My trauma in life became my purpose.
Yes. 77% of people say they have anxiety about money. A lot of that is rooted in a lack of knowledge and information. And why are people so uncomfortable talking about it? Because we don't grow up in schools where we learn about money.
Yes. 77% of people say they have anxiety about money. A lot of that is rooted in a lack of knowledge and information. And why are people so uncomfortable talking about it? Because we don't grow up in schools where we learn about money.
Yes. 77% of people say they have anxiety about money. A lot of that is rooted in a lack of knowledge and information. And why are people so uncomfortable talking about it? Because we don't grow up in schools where we learn about money.
Correct. I think the thing is when you can anchor it, not only do you not have fear, you're kind of excited about what you're learning because everyone who's read the book, and I've had so many different types of people read the book, they always say to me, Who knew? Yes. And they feel so empowered by knowledge that they think that they hold that other people don't have. That's right.
Correct. I think the thing is when you can anchor it, not only do you not have fear, you're kind of excited about what you're learning because everyone who's read the book, and I've had so many different types of people read the book, they always say to me, Who knew? Yes. And they feel so empowered by knowledge that they think that they hold that other people don't have. That's right.