Oprah and Mellody Hobson: Best Money Advice for Gen Z

Subscribe: https://www.youtube.com/@Oprah?sub_confirmation=1 Mellody Hobson, financial powerhouse, President and co-CEO of Ariel Investments and author of the New York Times bestseller, Priceless Facts About Money, joins The Oprah Podcast to talk about the overwhelming financial burdens facing Gen Z today. Oprah and Mellody invite Gen Z guests to share their own experiences and answer their most pressing financial questions. Mellody reveals simple money steps she took early on in her career to set herself up for financial success and offers advice on small changes to shift money habits. Oprah and Mellody speak with young people about working to pay off credit card and loan debt, saving to buy a home, investment advice and the growing trend of high school graduates choosing a skilled trade career path instead of college. BUY THE BOOK! "Priceless Facts About Money” by Mellody Hobson, illustrated by Caitlin Stevens, is published by Candlewick Press and available wherever books are sold: https://www.candlewick.com/9781536224719/priceless-facts-about-money/ 00:00:00 – Welcome Mellody Hobson, author of Priceless Facts About Money 00:02:31 – Why Gen Z feels financial stress 00:03:57 – Challenges of buying a first home today 00:05:42 – Mellody’s credit card advice for Gen Z 00:07:45 – 51% of Gen Z don't believe college is worth the cost 00:13:28 – Meet Kayla, tackling credit card debt 00:16:48 – Paying off credit cards while building an emergency fund 00:18:50 – Mellody’s top money-saving tip 00:20:33 – Why using cash can help you spend less 00:22:10 – Is “buy now, pay later” ever a smart move? 00:23:31 – Meet Madia, who applied to over 300 jobs 00:26:20 – Mellody’s advice for a stable, successful future 00:30:20 – How to set financial goals 00:33:11 – Meet 26-year-old Alexandria, living with her parents 00:35:08 – Steps to pay off debt effectively 00:39:07 – How to learn about personal finance 00:42:34 – Mellody’s credit card mistake in her 20s 00:44:27 – Gen Z choosing trade school over college 00:44:46 – Meet welding instructor Joe Williams and student Marcos 00:48:42 – Smart money moves in your 20s 00:50:20 – How compound interest works 00:54:37 – What to understand about Gen Z and money Follow Oprah Winfrey on Social: https://www.instagram.com/oprah/ https://www.facebook.com/oprahwinfrey/ Listen to the full podcast: https://open.spotify.com/show/0tEVrfNp92a7lbjDe6GMLI https://podcasts.apple.com/us/podcast/the-oprah-podcast/id1782960381 Follow Oprah Winfrey on Social: https://www.instagram.com/oprah/ https://www.facebook.com/oprahwinfrey/ Listen to the full podcast: https://open.spotify.com/show/0tEVrfNp92a7lbjDe6GMLI https://podcasts.apple.com/us/podcast/the-oprah-podcast/id1782960381