The Oprah Podcast

What Parents Get Wrong About Money and Their Kids | The Oprah Podcast

Jan 28, 2025

Mellody Hobson, Co-CEO of Ariel Investments and author of the bestselling children's book, "Priceless Facts About Money," dives into the crucial topic of financial education for kids. She shares her childhood struggles with money and insightful lessons she's imparted to her daughter. The discussion highlights the role of real-life experiences in teaching children financial literacy, advocating for open conversations within families. Hobson also emphasizes strategies for parents to instill financial responsibility, resilience, and the value of money in children.

52:02

Episode guests

Mellody Hobson

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Episode notes

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Quick takeaways

Mellody Hobson shares her journey from financial instability to becoming a financial literacy advocate, highlighting resilience in overcoming early trauma related to money.

Emphasizing age-appropriate financial discussions, Hobson encourages parents to educate their children about money to foster confidence and empower informed financial decision-making.

Deep dives

Melody Hobson's Impactful Journey

Melody Hobson's journey from growing up in a financially unstable household to becoming a leading financial figure exemplifies resilience and determination. Raised by a single mother in a challenging environment, Hobson faced early trauma related to money, including eviction and the struggle for basic necessities. This early experience instilled in her a deep understanding of the importance of financial literacy, prompting her to pursue a career in finance after graduating from Princeton. As the co-CEO of Arielle Investments and a prominent voice in financial literacy, Hobson now uses her platform to educate others about managing money effectively.

Intro

2min

The Money Talks: Educating the Next Generation

15min

Teaching Kids About Money Through Practical Experiences

5min

Teaching Kids Financial Responsibility

8min

Lessons from Financial Missteps and Family Involvement

2min

Teaching Financial Literacy to Kids and Young Adults

13min

Building Financial Resilience: Savings, Spending, and Education

5min

BUY THE BOOK!

"Priceless Facts about Money" by Mellody Hobson, published by CANDLEWICK | PENGUIN RANDOM HOUSE, is available wherever books and audio books are sold.

In this episode of The Oprah Podcast, financial expert and Co-CEO and President of Ariel Investments, ‪Mellody Hobson, offers practical advice to simplify financial conversations for families.

Mellody shares details about struggling with money as a child, lessons she's taught her daughter and fascinating historical facts about money from her New York Times best-selling children's book, "Priceless Facts About Money."

People from around the country join via Zoom to ask Mellody how to address financial questions and situations with their children.

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