If You Feel Overwhelmed & Uncertain About Money, Listen to This

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The Mel Robbins Podcast 1h 13m 3 speakers 8 chapters transcribed
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Who are Mel Robbins and Lewis Howes and what is this episode about?

Mel Robbins 0:00
Hey, it's your friend Mel, and welcome to the Mel Robbins Podcast. Have you noticed how expensive basic things have become? I mean, egg prices, they've doubled and that's not even for organic. It's absurd. Don't even get me started on the price of rent, insurance, co-pays, student loans. I mean, there's lots of people going on and on about what's actually causing this. But today I want you and I to talk about what do you do about it? What do you do when you feel overwhelmed by the cost of living or overwhelmed by paying your bills or overwhelmed by managing your money? Like every time you log into your bank account, you're feeling panicked. Well, I want you to hear me when I tell you this. You're not alone.

What financial struggles did Mel Robbins face and how did she overcome $800,000 in debt?

Mel Robbins 0:51
One in three working adults lives paycheck to paycheck right now. And I know exactly how that feels. The pressure, it is crushing. And you start to feel like nothing is ever going to change. When I was 41 years old, my husband and I, we were $800,000 in debt. I mean, we could barely buy gas or groceries. And I believe for a period of time, that that would be my life forever, that I would never get control of my money. And if I could go back in time and talk to the 41-year-old version of myself, you know what I would tell her? I would say, Mel, I know this is scary, but you can figure this out. And even though you've been bad with money in the past, Mel, because that's how you get $800,000 in debt, because you're bad with money,
Mel Robbins 1:45
Tell you what, step by step, you can get good with it. And that's what our guest today is also going to tell you. Because just like me, he's been there. 14 years ago, he was broke, sleeping on his sister's couch. But today, he is proof that a complete financial transformation is possible for you too. You can get out of debt. You can turn things around and you can change your financial future. And yes, you can get good with money. And today, he is going to give you simple steps and habits to follow so that three months from now, things will look and feel very different than it does today. Hey, it's your friend Mel, and welcome to the Mel Robbins Podcast. I am so excited for our conversation today. I'm excited that you're here.
Mel Robbins 2:49
It is always an honor to spend time with you, to be together. If you're a new listener, ooh, you've picked a winner. Welcome to the Mel Robbins Podcast family. And because you made time to hit play and to listen to this particular episode... I know you're the type of person who values your time. And what's that saying? Time is money. You want to make more money. You want to get good with money. And not only do you want to get good with money, you want to transform your financial future. I'll tell you what, you're in the right place. And if you chose to listen to this because someone shared this episode with you, I just think that's so cool because it means you have people in your life who not only care about you, they want you to make money.
Mel Robbins 3:28
They want you to have a fantastic financial future. And look, You're not going to be rich by the end of this episode, but you're going to leave with something more valuable. You're going to get the building blocks and the simple tools that will create a different financial future for you. And you're also going to learn the step-by-step approach from two people who had to completely rebuild their financial life from the ground up. So if you've been bad with money, today you're going to learn how to start getting good with money. And you don't need to be embarrassed by where you are because I'm going to tell you where I've been. And it's probably way worse than where you are today. See, I used to be like a walking financial red flag. If you were a credit card company, I would not have given Mel Robbins a credit card. If I were a bank, I would not have given Mel Robbins a mortgage. If I were a bill that was being delivered to Mel Robbins' house, I would not have expected to have been paid.
Mel Robbins 4:29
I'm about to tell you some very embarrassing stories about how bad I used to be with money. So if you've got unpaid bills, if you're living paycheck to paycheck, if you've got insane, embarrassing credit card debt or student loans that are burying you alive, I have been there. I know that pain because I have felt that pain. And I need you to hear me say this. You can get good with money.

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