The Mel Robbins Podcast The #1 Money Rule to Live By: Understand The Psychology of Money
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Nov 14, 2024 
Farnoosh Torabi, a bestselling author and financial expert, joins the discussion to reveal the #1 money rule for achieving success. She uncovers myths that trap people in financial fear and shares her insights on transforming your relationship with money. Personal stories highlight overcoming overwhelming debt, emphasizing the importance of confronting financial anxieties. The conversation also dives into how money fears affect relationships and the pursuit of financial literacy, ultimately empowering listeners to make informed choices for a secure future.
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Mel's Financial Struggle
- Mel Robbins shares her experience of facing financial ruin due to a failed business venture.
- She and her husband accumulated $800,000 in debt, leading to immense fear and anxiety.
The Value of Fear
- Farnoosh Torabi emphasizes that fear is a valuable tool, not something to be eradicated.
- Fear provides important messages and helps us understand our values and priorities.
Money as a Tool
- Money is a tool that provides access and creates a bridge in challenging times.
- Financial independence brings confidence and the ability to make autonomous choices.