Mel Robbins and Financial Freedom
Mel Robbins and Financial Freedom: Mel Robbins is a household name when it comes to personal development and motivation. Her TEDx talk on the 5-second rule has been viewed over 25 million times, and her book “The 5 Second Rule: Transform your Life, Work, and Confidence with Everyday Courage” has sold over 2 million copies worldwide. However, one aspect of her work that often goes unnoticed is her advice on financial freedom.
Mel Robbins and Financial Freedom
Robbins’ approach to financial freedom
Robbins’ approach to financial freedom is simple yet effective. She emphasizes the importance of taking small steps towards your financial goals, rather than trying to achieve everything at once. In her book “The 5 Second Rule,” Robbins explains how she used this approach to pay off $800,000 of debt in just 3 years.
Acknowledge your financial situation
The first step towards financial freedom, according to Robbins, is to acknowledge your financial situation. This can be a difficult step, but it’s essential to understanding where you stand and where you need to go. She suggests writing down all of your debts and expenses, as well as your income and assets.
Create a plan to pay off your debts
Once you’ve assessed your financial situation, the next step is to create a plan to pay off your debts. Robbins recommends starting with the smallest debt and paying it off as quickly as possible, while continuing to make minimum payments on your other debts.
This not only helps to reduce your overall debt but also gives you a sense of accomplishment and motivation to continue.
Saving
Another key aspect of Robbins’ approach to financial freedom is the importance of saving. She suggests setting up automatic savings plans, so that a portion of your income is automatically deposited into a savings account each month. This ensures that you’re consistently saving money and working towards your long-term financial goals.
Investing
In addition to saving, Robbins stresses the importance of investing. She recommends starting with a small amount and gradually increasing your investments over time. This not only helps to build your wealth but also provides a sense of financial security for the future.
It takes time and effort
While Robbins’ advice on financial freedom may seem simple, it’s important to remember that it takes time and effort to achieve. However, the small steps you take today can lead to significant financial gains in the future.
In addition to her practical advice, Robbins also brings an element of entertainment to her work. Her engaging speaking style and relatable anecdotes make her advice on financial freedom both informative and enjoyable to listen to.
For example, in her book “The 5 Second Rule,” Robbins shares a personal story about her struggles with money. She explains how she and her husband were living paycheck to paycheck and had accumulated over $800,000 in debt.
However, she was determined to turn things around and used her 5-second rule to take small steps towards financial freedom.
Robbins also uses humor to make her advice more accessible. In one of her talks, she jokes about the need to stop spending money on things you don’t need, such as the “fourth pair of black pants” or the “fifth lipstick in the same shade.”
Final thoughts
Overall, Mel Robbins’ advice on financial freedom is both practical and entertaining. Her approach emphasizes the importance of taking small steps towards your financial goals and provides a roadmap for achieving long-term financial success.
Whether you’re struggling with debt or simply looking to build your wealth, Robbins’ advice is sure to provide valuable insights and motivation to take action.
You might want to read Money is always relative to time
