FOX Business’ Gerri Willis hits the streets of New York to test Americans’ financial literacy after new data found money knowledge slipping nationwide, with Gen Z posting the lowest scores and Baby Boomers leading the way.

Subscribe to Fox Business: https://bit.ly/2D9Cdse
Watch more Fox Business Video: https://video.foxbusiness.com
Watch Fox Business Network Live: http://www.foxnewsgo.com/

FOX Business Network (FBN) is a financial news channel delivering real-time information across all platforms that impact both Main Street and Wall Street. Headquartered in New York — the business capital of the world — FBN launched in October 2007 and is one of the leading business networks on television. In 2025 it opened the year posting double-digit advantages across business day, market hours and total day viewers in January. Additionally, the network continued to lead business news programming, with each business day program placing among the top 15 shows, while FBN delivered its highest-rated month since April 2023 with market hours.

Follow Fox Business on Facebook: https://www.facebook.com/FoxBusiness
Follow Fox Business on Twitter: https://twitter.com/foxbusiness
Follow Fox Business on Instagram: https://www.instagram.com/foxbusiness

Share on

In this episode, you’ll learn the best financial advice you’ll ever hear.

It’s your guide to taking control of your money and learning the rules of how to make it, save it, and spend it better.

Maybe you’re trying to pay down debt.

Maybe you’re wondering how you’ll ever afford a home.

Maybe you’re doing “okay,” but you don’t feel confident about the future, and you don’t know the best place to invest your money.

Or maybe you want to know what really works to save money, make more money, invest money, and how to stop feeling like you’re behind.

This episode will show you exactly what to do.

Today, Mel is joined by David Bach. David is one of the most trusted voices in personal finance for a reason: He teaches the rules of money in a way that makes you feel calm, capable, and in control.

He’s a 10-time New York Times bestselling author behind The Automatic Millionaire, and he’s here to give you the simple money habits and tools that you can apply to your life today.

You’ll learn:
-The rules of money that determine whether you build wealth or stay stuck (no matter what you earn)
-”The 2 escalators to wealth” and how you can get on them
-The money mistake that can wreck your future even if you’ve “done everything right”
-What every couple needs to know about money before it’s too late
-The exact stocks to invest in over the long term
-The exact blueprint of what you should do with your 401k
-The $27.40/day formula that turns into $4.4 million
-Why you can start feeling better about your life before you’re debt-free
-Specific advice for women, including what every widow needs to know
-The easiest ways to take control of your finances with the greatest payoff

As David puts it, either you have a plan for your money, or someone else does.

Your plan starts here.

For more resources related to today’s episode, click here for the podcast episode page: https://www.melrobbins.com/episode/episode-362

Follow The Mel Robbins Podcast on Instagram: https://www.instagram.com/themelrobbinspodcast

I’m just your friend. I am not a licensed therapist, and this podcast is NOT intended as a substitute for the advice of a physician, professional coach, psychotherapist, or other qualified professional. Got it? Good. I’ll see you in the next episode.

In this episode:
00:00 Meet the Guest
07:57 What Does Automatic Economy Mean?
09:37 Financial Planning Basics
15:35 What is a 401(k)?
26:38  How to Save for Retirement Without a 401(k)
33:33 Should You Invest in Individual Stocks?
34:10 How to Start Investing
35:56 Index Funds 101: Best Simple Investing Strategy
37:11 Why “High-Risk Investing” for Young People Backfires
38:21 Compound Interest Explained
41:09 How to Save More Money
47:07 Credit Card Debt Payoff Plan
59:03 Estate Planning Checklist: Will, Passwords, Accounts

—
Follow Mel:
Instagram: https://www.instagram.com/melrobbins/
TikTok: http://tiktok.com/@melrobbins
Facebook: https://www.facebook.com/melrobbins
LinkedIn: https://www.linkedin.com/in/melrobbins
Website: http://melrobbins.com​
—
Sign up for Mel’s newsletter: https://melrob.co/sign-up-newsletter
A note from Mel to you, twice a week, sharing simple, practical ways to build the life you want.
—
Subscribe to Mel’s channel here: https://www.youtube.com/melrobbins​?sub_confirmation=1
—
Listen to The Mel Robbins Podcast 🎧 New episodes drop every Monday & Thursday!
https://melrob.co/spotify
https://melrob.co/applepodcasts
https://melrob.co/amazonmusic
—
Looking for Mel’s books on Amazon? Find them here:

The Let Them Theory: https://amzn.to/3IQ21Oe
The Let Them Theory Audiobook: https://amzn.to/413SObp
The High 5 Habit: https://amzn.to/3fMvfPQ
The 5 Second Rule: https://amzn.to/4l54fah

#money #finance #financialfreedom

Share on