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Mellody Hobson

👤 Person
580 total appearances

Appearances Over Time

Podcast Appearances

The Oprah Podcast
Oprah and Business Leader Mellody Hobson Share the Money Advice You Need to Know Now

If you had said 30, if you had said 50, I would have been doing the Hallelujah Chorus. But I would I think 20 percent is a bit austere. Yes. Yeah.

The Oprah Podcast
Oprah and Business Leader Mellody Hobson Share the Money Advice You Need to Know Now

If you had said 30, if you had said 50, I would have been doing the Hallelujah Chorus. But I would I think 20 percent is a bit austere. Yes. Yeah.

The Oprah Podcast
Oprah and Business Leader Mellody Hobson Share the Money Advice You Need to Know Now

You might do what I call a family match. It's like a 401k plan. So in a 401k plan, if you put in a dollar, your company might put in 50 cents up to a certain amount. You might do something like that. So I think that's better because it also teaches him once he becomes someone who works and the company gives free money, he knows not to walk away from the free money.

The Oprah Podcast
Oprah and Business Leader Mellody Hobson Share the Money Advice You Need to Know Now

You might do what I call a family match. It's like a 401k plan. So in a 401k plan, if you put in a dollar, your company might put in 50 cents up to a certain amount. You might do something like that. So I think that's better because it also teaches him once he becomes someone who works and the company gives free money, he knows not to walk away from the free money.

The Oprah Podcast
Oprah and Business Leader Mellody Hobson Share the Money Advice You Need to Know Now

You might do what I call a family match. It's like a 401k plan. So in a 401k plan, if you put in a dollar, your company might put in 50 cents up to a certain amount. You might do something like that. So I think that's better because it also teaches him once he becomes someone who works and the company gives free money, he knows not to walk away from the free money.

The Oprah Podcast
Oprah and Business Leader Mellody Hobson Share the Money Advice You Need to Know Now

And if you've got money on the table, he might say, I'll pony up to that. You also could change the match based upon the percentage. So you say, okay, if you say 30%, this is what I match. If you say 50, it's even more. Wow. The one thing I would say, which is super important, some parents get themselves in their own financial trouble by being too aggressive with their own money.

The Oprah Podcast
Oprah and Business Leader Mellody Hobson Share the Money Advice You Need to Know Now

And if you've got money on the table, he might say, I'll pony up to that. You also could change the match based upon the percentage. So you say, okay, if you say 30%, this is what I match. If you say 50, it's even more. Wow. The one thing I would say, which is super important, some parents get themselves in their own financial trouble by being too aggressive with their own money.

The Oprah Podcast
Oprah and Business Leader Mellody Hobson Share the Money Advice You Need to Know Now

And if you've got money on the table, he might say, I'll pony up to that. You also could change the match based upon the percentage. So you say, okay, if you say 30%, this is what I match. If you say 50, it's even more. Wow. The one thing I would say, which is super important, some parents get themselves in their own financial trouble by being too aggressive with their own money.

The Oprah Podcast
Oprah and Business Leader Mellody Hobson Share the Money Advice You Need to Know Now

And so just making sure that whatever you do is within the means that you also feel comfortable that you can afford. And, you know, from allowance to whatever it might be, the family match, whatever it is, so that you're not overextending yourself. I also want to point to the debit card, which I think is great.

The Oprah Podcast
Oprah and Business Leader Mellody Hobson Share the Money Advice You Need to Know Now

And so just making sure that whatever you do is within the means that you also feel comfortable that you can afford. And, you know, from allowance to whatever it might be, the family match, whatever it is, so that you're not overextending yourself. I also want to point to the debit card, which I think is great.

The Oprah Podcast
Oprah and Business Leader Mellody Hobson Share the Money Advice You Need to Know Now

And so just making sure that whatever you do is within the means that you also feel comfortable that you can afford. And, you know, from allowance to whatever it might be, the family match, whatever it is, so that you're not overextending yourself. I also want to point to the debit card, which I think is great.

The Oprah Podcast
Oprah and Business Leader Mellody Hobson Share the Money Advice You Need to Know Now

Everest and I are going to get her a debit card actually very soon because I think you need training wheels. And most parents give their kid a credit card when they leave for college. I call it a weapon of mass destruction at that point. Because now we know the credit card of a child has to be tied to the parent. You have no control over them once they leave the house.

The Oprah Podcast
Oprah and Business Leader Mellody Hobson Share the Money Advice You Need to Know Now

Everest and I are going to get her a debit card actually very soon because I think you need training wheels. And most parents give their kid a credit card when they leave for college. I call it a weapon of mass destruction at that point. Because now we know the credit card of a child has to be tied to the parent. You have no control over them once they leave the house.

The Oprah Podcast
Oprah and Business Leader Mellody Hobson Share the Money Advice You Need to Know Now

Everest and I are going to get her a debit card actually very soon because I think you need training wheels. And most parents give their kid a credit card when they leave for college. I call it a weapon of mass destruction at that point. Because now we know the credit card of a child has to be tied to the parent. You have no control over them once they leave the house.

The Oprah Podcast
Oprah and Business Leader Mellody Hobson Share the Money Advice You Need to Know Now

And if you haven't taught them at that point, your own credit could be affected by recklessness if they haven't been taught how to spend and what to do.

The Oprah Podcast
Oprah and Business Leader Mellody Hobson Share the Money Advice You Need to Know Now

And if you haven't taught them at that point, your own credit could be affected by recklessness if they haven't been taught how to spend and what to do.

The Oprah Podcast
Oprah and Business Leader Mellody Hobson Share the Money Advice You Need to Know Now

And if you haven't taught them at that point, your own credit could be affected by recklessness if they haven't been taught how to spend and what to do.

The Oprah Podcast
Oprah and Business Leader Mellody Hobson Share the Money Advice You Need to Know Now

I had Amex calling me in my dorm room with Bill Collector because I went on a ski trip.

The Oprah Podcast
Oprah and Business Leader Mellody Hobson Share the Money Advice You Need to Know Now

I had Amex calling me in my dorm room with Bill Collector because I went on a ski trip.

The Oprah Podcast
Oprah and Business Leader Mellody Hobson Share the Money Advice You Need to Know Now

I had Amex calling me in my dorm room with Bill Collector because I went on a ski trip.