YouSaid · the spoken record

Mellody Hobson

lines on the record: 64
first: 2025-06-17
most recent: 2025-06-17
sittings or episodes: 1
sources: podcast

Every line below is reproduced as it was said and linked to the record it came from. Nothing here is summarised or generated. Directory · Search · Corrections

“Yeah, the struggle is real. The struggle is absolute. They absolutely, they're not making this up. They're not being whiners. They are coming into the world with more debt than prior generations. That is a fact.”
2025-06-17 · The Oprah Podcast · Oprah and Mellody Hobson: Best Money Advice for Gen Z · IDENTIFIED FROM THE TRANSCRIPT
“It's so doable. You start small and it grows into big numbers, and then that's the second thing time is on their side. They have one thing that is so valuable, the time that they have, the decades that they can use to help them compound money. It's not how much they put in. It's when they start. And if they start now very early saving, that money will grow by leaps and bounds over decades so that later they're not catching up, trying to put big amounts of money away, little amounts today grow into giant amounts over decades. That is just the math of it. So every dollar counts, every dollar you save, and time is on your side.”
2025-06-17 · The Oprah Podcast · Oprah and Mellody Hobson: Best Money Advice for Gen Z · IDENTIFIED FROM THE TRANSCRIPT
“Take two things. My first one is what I already said every dollar counts every dollar counts, meaning every dollar that you save counts, every dollar that you put against that debt counts, and it don't have to think of it in big numbers. It's not every $5,000 counts, not every $1,000. It's every dollar counts. A big takeaway for me.”
2025-06-17 · The Oprah Podcast · Oprah and Mellody Hobson: Best Money Advice for Gen Z · IDENTIFIED FROM THE TRANSCRIPT
“Can I say one other thing, Margot? Just make a commitment there's a certain amount of money you're going to save no matter what. You are not going to touch it. It's going to go in an account. It is literally off limits to you. And I think of you again, if you get into that discipline now, you won't have to learn these lessons later.”
2025-06-17 · The Oprah Podcast · Oprah and Mellody Hobson: Best Money Advice for Gen Z · IDENTIFIED FROM THE TRANSCRIPT
“I love the idea of just a small amount of money that you would invest in something that you know and like and you can just track it over time. I think that would be something that you'd really actually start to enjoy.”
2025-06-17 · The Oprah Podcast · Oprah and Mellody Hobson: Best Money Advice for Gen Z · IDENTIFIED FROM THE TRANSCRIPT
“Okay, so when you invest, you can invest at any time. I actually like investing for children. Yeah. And I like them to, if ever, a slikes Barbie, I want her to have Mattel, if she likes Sephora LVMH. I can give you all of those examples. So is there anything in your life, like a lot of young people love video games? They love, that might lead you to Microsoft, you know, all of those thinking about things that are in your life. Microsoft has been an amazing stock as an example. Things in your life that you'd say, I understand this and therefore want to invest it. If you don't want to do that, you can buy a mutual fund or an ETF where a professional does it for you.”
2025-06-17 · The Oprah Podcast · Oprah and Mellody Hobson: Best Money Advice for Gen Z · IDENTIFIED FROM THE TRANSCRIPT
“Would invest, first of all, if you get a full time job and there's a 401k plan, a retirement plan, invest there first because you get the tax advantage. You don't pay taxes on that money. And oftentimes they have a match, which is free money. So you don't want to walk away from free money ever. So you'll still have some discretionary money that you can invest, but first make sure you're maxing out on that 401k plan as much as you can possibly put in it. You start that now. I can tell you it's magic. Then when you are starting to invest on your own, if you want to buy stocks, I would invest in things you know. So, what do you like? Why do you think it might be a good investment over time”
2025-06-17 · The Oprah Podcast · Oprah and Mellody Hobson: Best Money Advice for Gen Z · IDENTIFIED FROM THE TRANSCRIPT
“Right. The penny is over $5 million. And I explain how if it doubles every day, one cent is two cents, two cents is four cents, four cents is eight cents. And so that kind of compounding is magical. And the money starts to grow really fast. So because you're so young, and let's just say you work until you're 65, you have decades of money to compound, decades. And I actually looked at some math. I did some math on this of just something simple. If you put away $2,500 a year, just $2,500 a year, you only made 8%, only 8%, and it compounded for 25 years. It's almost $200,000. Just $2,500 a year. So there's a wonderful calculator you can go to. There are all sorts of calculators you can go to where you can calculate returns. Now, what I would do if I were you start.”
2025-06-17 · The Oprah Podcast · Oprah and Mellody Hobson: Best Money Advice for Gen Z · IDENTIFIED FROM THE TRANSCRIPT
“The eighth wonder of the world. So he said compound interest is magical because your money starts to work for you instead of you working for your money. So a very simple compounding example that I gift in my book is would you rather have a penny that doubles every day for one month, 30 days, or a million dollars? Which one would you rather have?”
2025-06-17 · The Oprah Podcast · Oprah and Mellody Hobson: Best Money Advice for Gen Z · IDENTIFIED FROM THE TRANSCRIPT
“Which is a big deal But the one other thing I want to say, which I think that when people think about trades, they think they are less than, I've never, ever thought of that. I actually even reject the idea of the notion of blue collar, white collar. I just don't like that. I think work is work and it all work is admirable. All work. And this is essential. These are essential jobs for our society. And so it's no wonder that you would be in demand and you'd make this kind of money. Now what I would tell you being disciplined at this age around that kind of money coming into your hands is going to require a great effort. But if you are disciplined, you are going to be set for life because time is on your side with the ability that you have for that money to compound and then also just the opportunity that you will have not to accumulate the debt that so many people are talking about the fact that they have to dig out of. Can you explain compact?”
2025-06-17 · The Oprah Podcast · Oprah and Mellody Hobson: Best Money Advice for Gen Z · IDENTIFIED FROM THE TRANSCRIPT
“I swore, which is why all of this became so hardwired to me, I would never, ever, ever do that again because I was so stressed.”
2025-06-17 · The Oprah Podcast · Oprah and Mellody Hobson: Best Money Advice for Gen Z · IDENTIFIED FROM THE TRANSCRIPT
“I swear on my eyes. And I was like from heaven. She was saving me from this horrible credit card bill that scared me so much.”
2025-06-17 · The Oprah Podcast · Oprah and Mellody Hobson: Best Money Advice for Gen Z · IDENTIFIED FROM THE TRANSCRIPT
“This is true. I went with my friends. In $2,000. I have no money, and I put it on a credit card. And I said, I'll just pay the minimum, but then got behind and bill collectors were calling me at school. So I'm freaking out. I am in so much trouble, embarrassed to tell my mother because we've been to this movie, you know, in my family of not being able to pay our bills. I can't believe I've done this. It literally seared me. The only way that I ended up paying for it, and I cannot believe I'm telling you the ending my aunt died. And she left me $2,000.”
2025-06-17 · The Oprah Podcast · Oprah and Mellody Hobson: Best Money Advice for Gen Z · IDENTIFIED FROM THE TRANSCRIPT
“Yeah, and it's something that I think people don't realize that you have to get started and you're getting started with debt on you because of the education or just the life, you know, being what it is and just being as smart as you possibly can about how you handle that in the beginning. And we all make those early mistakes. So I remember when I got my first credit card, I was at college at Princeton and my friends go on this ski trip to Aspen. Now I am not Aspen ski trip money people. Okay, let alone have I never been skiing. You need all the gear. The ski passes, et cetera.”
2025-06-17 · The Oprah Podcast · Oprah and Mellody Hobson: Best Money Advice for Gen Z · IDENTIFIED FROM THE TRANSCRIPT
“You know, the other thing I tell people about savings is most people eat out at work every day. They grab a sandwich or whatever. I was like, just one day a week take your lunch. It's $10, $12, $15. $45. Thank you”
2025-06-17 · The Oprah Podcast · Oprah and Mellody Hobson: Best Money Advice for Gen Z · IDENTIFIED FROM THE TRANSCRIPT
“Just saying a roommate to someone, people get offended. Sometimes when I say that, I'm like, but that's a perfectly fine solution. You know, something that people don't do much anymore. You talk about carpooling.”
2025-06-17 · The Oprah Podcast · Oprah and Mellody Hobson: Best Money Advice for Gen Z · IDENTIFIED FROM THE TRANSCRIPT
“They split the rent, they split all the expenses, and that just makes it easier. You know, yes, there's another person there, find someone that you like, hopefully, but it does make it easier.”
2025-06-17 · The Oprah Podcast · Oprah and Mellody Hobson: Best Money Advice for Gen Z · IDENTIFIED FROM THE TRANSCRIPT
“So maybe you get a roommate. I say this to people, and they're like, a roommate. I'm like, that's the way most people started their lives. They lived with a friend.”
2025-06-17 · The Oprah Podcast · Oprah and Mellody Hobson: Best Money Advice for Gen Z · IDENTIFIED FROM THE TRANSCRIPT
“But you She's also in a good situation. I mean, you've got to live with parents. Once you get this budget under control, you could start saving for a home, you know, because you're not paying the full rent. You would be paying. I mean, over time, that's going to work in your favor. And I know you don't want to live there forever, probably.”
2025-06-17 · The Oprah Podcast · Oprah and Mellody Hobson: Best Money Advice for Gen Z · IDENTIFIED FROM THE TRANSCRIPT
“You're like every other 20 something your age trying to get control of this situation because sadly, and this is the thing that I'm most upset about in our society, no one teaches us. I've said that over and over again. How would you know? No one in school has taught any of us any of these subjects. And if you don't live in a house where your parents talk about it, they may not know either because no one taught them you're really behind the eight ball. So you're just going to take it upon yourself to now take this in hand, but you're going to start by understanding what you're spending.”
2025-06-17 · The Oprah Podcast · Oprah and Mellody Hobson: Best Money Advice for Gen Z · IDENTIFIED FROM THE TRANSCRIPT
“Because I love babies so much. So you've got this awesome job. You're going to do better over time with tenure and seniority. You're going to make more money. It won't all be static of where you are today. So there's instead of being behind the eight ball, you've got so much ahead of you, so much opportunities, so much income that you will earn. You're not stuck. You're just starting. You're not stuck. You're just starting. And so if you can think of it that way, I think it'll make a very big difference in your mindset.”
2025-06-17 · The Oprah Podcast · Oprah and Mellody Hobson: Best Money Advice for Gen Z · IDENTIFIED FROM THE TRANSCRIPT
“And loans, the thing is you can only do it once, as you probably know. You might consolidate those student loans just to also not have all these different things coming at you from different places, which feels overwhelming and you're down to one loan that you're paying. And then you decide maybe you might want to accelerate that payment so that you can pay it off faster. But if your credit card debt is 15 or 20%, I'm going to tell you pay off that credit card debt first. So looking at the credit card debt, that's something you have to pay. And I've just said to you, don't pay the minimum. So if you're not paying the minimum and you're accelerating that, what does that number look like? Understanding that budget, which is just really the most important thing you could do, then lets you know how can you achieve the other goals that you have. But you got to start with what you're paying today. Then, you know, you're going to get raises. You've got such an awesome job. If I could deliver a baby every day, that would be so much fun.”
2025-06-17 · The Oprah Podcast · Oprah and Mellody Hobson: Best Money Advice for Gen Z · IDENTIFIED FROM THE TRANSCRIPT
“You got to pay the student debt. You've got to pay the car payment. You have to contribute to the house some amount amount that you've negotiated with your parents. What is that number before you've done, bought a lip gloss or, you know, gone out for a hamburger? What is that number? I think you understanding that if you do, that's great. If you don't, you need to understand that. Then when you look at that against what you make, you can start to figure out what things can you start to now be very intentional about like the debt, consolidation. You mentioned that. One of the things you might do is say I'm going to consolidate all of these loans around one payment, one amount, the maximum consolidation for the federal student loans interest payment is 8.75% right now. Now, if you have bank loans, that's a different story, but you might want to consolidate those two.”
2025-06-17 · The Oprah Podcast · Oprah and Mellody Hobson: Best Money Advice for Gen Z · IDENTIFIED FROM THE TRANSCRIPT
“Okay, so first of all, the first thing I would say to you is. It's a lot But it's also generations have done this before you. This is a part of life, and the best thing that you could do right now is to calm your fears by taking one piece at a time. If you think of it all at once, you're going to be overwhelmed. It's like a storm. But if you take one piece at a time, I think you can start to dissect the issue and take control of it. So you've got student debt in one bucket. You've got the, you know, just you're living expenses in another. You have the benefit of living with your parents. So you're not paying rent or mortgage right now. But that's going to give you a lot of opportunity to save for that down payment for that first house, which could become part of your goal. The first thing that I would do if I were trying to really understand the situation and get it under control, what is your nut? What does it take for you to just live? Like where you haven't done one nice to have, you've only taken care of the need to have.”
2025-06-17 · The Oprah Podcast · Oprah and Mellody Hobson: Best Money Advice for Gen Z · IDENTIFIED FROM THE TRANSCRIPT
“And it's also just keep in mind that the mere fact that you're feeling a little shaky and unsure about this makes a lot of sense. You're not, you know, this is, you go into the deep end of the pool now when, you know, adulthood becomes upon you. You are making your own life decisions and the safety net starts to go away of the family that you've probably, I can't say for sure, have had there to help take the edge off.”
2025-06-17 · The Oprah Podcast · Oprah and Mellody Hobson: Best Money Advice for Gen Z · IDENTIFIED FROM THE TRANSCRIPT
“Yes, with compounding. So just having a goal of what is it that you're trying to accomplish and it can change. Do you want to retire at a certain age? Do you want to have a family at a certain time? If you could establish that goal, then you can financially start to plan for it and work towards it. And if you say, listen, I want to work 40s hours a week and I want to surf on the weekends, just understand what that financial trade off is. And some people are absolutely willing to make it. And I have no judgment on that at all, none.”
2025-06-17 · The Oprah Podcast · Oprah and Mellody Hobson: Best Money Advice for Gen Z · IDENTIFIED FROM THE TRANSCRIPT
“Was my goal because I did the math on over 25 years if I confounded $100,000 when I have millions of dollars? And the actual answer was yes. So I said, I'll be a millionaire in retirement if I can get to $100,000. But I had a goal with compound.”
2025-06-17 · The Oprah Podcast · Oprah and Mellody Hobson: Best Money Advice for Gen Z · IDENTIFIED FROM THE TRANSCRIPT
“I think the question that you have to ask yourself is about what are your goals. You know, people, knowing early on what that means to you, then you have something to drive for. So I want to give you a very specific example that was me. I started doing my job and I just thought I was putting money in my 401k plan at work. I was starting off maybe putting away a couple thousand dollars a year, you know, a couple hundred dollars a paycheck kind of thing, maybe $100 a paycheck, which seemed like a lot to me. Just, you know, I made $38,000 a year. That was how much I made. So it wasn't. I wasn't making a lot of money. I had this goal of ratcheting up how much I saved in my 401 K plan because I had one goal. One day I wanted to see that I had $100,000 in my 401k plan.”
2025-06-17 · The Oprah Podcast · Oprah and Mellody Hobson: Best Money Advice for Gen Z · IDENTIFIED FROM THE TRANSCRIPT
“It's not real. Now, that I also reject the concept because it implies when you're working, you're not living, when you're living, you're not working. You know, when people talk about that. And I think you can have both, especially if you were doing something you really enjoy. But I do think this idea of thinking that you'll have your weekends, you'll make a great living, all of these things all at once. You'll have a job that you love. Those early years are, as I said, those are hard, hard years for most people. And they continue to be hard years for people. I have a joke with my husband. He's getting me a time clock because he says, you know, I work so many hours. I punch in, you know, and I don't punch out. But I do think that that is something to keep in mind. The other thing I would say to you is in terms of feeling, you know, financially secure.”
2025-06-17 · The Oprah Podcast · Oprah and Mellody Hobson: Best Money Advice for Gen Z · IDENTIFIED FROM THE TRANSCRIPT
“Work like balance question, I think, is going to be challenged because those are heavy, heavy work years of trying to put in the time to get points on the board so that you have the opportunity to have the kind of freedom and success that you want over time. But that first decade, it's a do's paying decade. And so when I hear a nine to five, which seems to me pretty work-life balance, that's 40 hours a week. When I think of no work-life balance, I think of 80 hours. I think of 120. I think of a very different lifestyle. I think you have to ask yourself, Very and be very intellectually honest about what you want. So you can't have all of the things you want without making some trade-offs.”
2025-06-17 · The Oprah Podcast · Oprah and Mellody Hobson: Best Money Advice for Gen Z · IDENTIFIED FROM THE TRANSCRIPT
“Okay, great, because that would be one of the things that I would suggest, just in terms of that job search, it's not just about putting applications in online and hoping someone calls you back. I think that takes the same amount of work as anything you would do. And it's about who do you know? So many people have referrals that will get you somewhere. And the mere fact that it was a networking connection, I think that's more and more likely these days than not. You might have a friend who has a great job and you would say, do you think there are any jobs available at your company? Or is there anyone you could introduce me to at your company? So I think that is a really, really good option if you're looking for a job that maybe everyone doesn't think about because they often think, well, who's going to help me and how could I, what network do I have? But it could just be a simple network of someone that you know who talks about their place of employment in a very positive way. In terms of, I like to just be very authentic and real about these things. When you're in your 20s,”
2025-06-17 · The Oprah Podcast · Oprah and Mellody Hobson: Best Money Advice for Gen Z · IDENTIFIED FROM THE TRANSCRIPT
“If you can be very disciplined about that, so you're going to buy a refrigerator and you're not going to pay interest for one year basically the float that the interest they're paying for in order to get you. But what happens is most people aren't that disciplined. The interest then comes and then it starts hitting you very, very hard and the numbers are very big. That's why I don't love it. So if you said to me, I bought the refrigerator, I paid it off in six months. I never paid a dime of interest and I paid the refrigerator off full stop. We're good. But if you say I bought the refrigerator, I got to the one year and then I started to pay the interest. I promise you that interest is going to be very high. Then you're going to be in that minimum payment scenario. There's a reason they offer it to you. They're getting paid back some way and they're going to get paid back in that interest.”
2025-06-17 · The Oprah Podcast · Oprah and Mellody Hobson: Best Money Advice for Gen Z · IDENTIFIED FROM THE TRANSCRIPT
“This is what makes me nervous. Okay, on the one hand, I can tell you that they have these buy now paylators where they'll say a year without interest. You're going to buy it No payment for one year, no interest”
2025-06-17 · The Oprah Podcast · Oprah and Mellody Hobson: Best Money Advice for Gen Z · IDENTIFIED FROM THE TRANSCRIPT
“However, I have to tell you, first of all, you need the car to get to work, so that's essential probably. You're going to take the bus. The other thing I have to say, and sometimes there isn't public transportation in certain communities, the other thing I would say. You nailed it with nursing because it's so in demand that is a really good job. And that is there's a shortage of nurses in this country and there will be a for a while. And so you're going to be looking at great income in terms of nursing.”
2025-06-17 · The Oprah Podcast · Oprah and Mellody Hobson: Best Money Advice for Gen Z · IDENTIFIED FROM THE TRANSCRIPT
“That'll get you a little bit of an emergency fund, but I want to prioritize that debt first because $15,000 in debt at your age is still a lot of debt. Not even including because I have my student loans and I'm currently in school right now along with”
2025-06-17 · The Oprah Podcast · Oprah and Mellody Hobson: Best Money Advice for Gen Z · IDENTIFIED FROM THE TRANSCRIPT
“We spend more money. So we spend about 18% more on plastic, debit, or credit because the scarcity isn't there where you literally have no more bills in your wallet. You've got to go to an ATM and get more money. Cash for one month. It is going to shift how you think about what you buy. Starting today. One month.”
2025-06-17 · The Oprah Podcast · Oprah and Mellody Hobson: Best Money Advice for Gen Z · IDENTIFIED FROM THE TRANSCRIPT
“No, it's too hard. It's too hard. 50 cents a dollar two dollars three dollars five dollars at the end of that year you have almost a thousand dollars and that's a little cushion and it's you didn't start by saying i got to save a thousand dollars which when you're you know living paycheck to paycheck that seems impossible but if i start you at 50 cents i promise you you can get there the other thing i'd like to ask you to do for one month period 30 days 30 days Just use cash for one month You cannot use anything else. This is why it's important. If I ask most people how much money do you have in your wallet, people can't even tell me. But you know if you only had cash. And so you only use cash, which actually changes how much you spend, believe it or not. When we don't see and have to take the bills out.”
2025-06-17 · The Oprah Podcast · Oprah and Mellody Hobson: Best Money Advice for Gen Z · IDENTIFIED FROM THE TRANSCRIPT
“And this becomes a way of life, not a diet. It's very, very important. It just starts to be a way of life. And saving becomes addictive. So everyone that I've had do this, they see a little money. They get excited. They start to see more money. They get more excited. So that's the...”
2025-06-17 · The Oprah Podcast · Oprah and Mellody Hobson: Best Money Advice for Gen Z · IDENTIFIED FROM THE TRANSCRIPT
“In the last four months, I want you to try to save $5 a day. Now, $5 a day, we're talking about $35 a week. We're talking about $140 a month. That gets hard. But in those early days, you start to condition yourself around shaming.”
2025-06-17 · The Oprah Podcast · Oprah and Mellody Hobson: Best Money Advice for Gen Z · IDENTIFIED FROM THE TRANSCRIPT
“Start by saving 50 cents a day for two months, literally 50 cents. You can have a jar of change, but 50 cents a day in that jar. After two months, I want it to be a dollar. I know this seems like so, you know, Melody, what are you asking me to do after two months, I want it to be $3.”
2025-06-17 · The Oprah Podcast · Oprah and Mellody Hobson: Best Money Advice for Gen Z · IDENTIFIED FROM THE TRANSCRIPT
“And really be deliberate about it. So you might maybe have paid $5,000 so far. You might say, I'm going to get rid of this one totally first and still play these minimums. Does that make sense? Look at each by the interest rate they're charging you and be very clear about that. And you have to be extremely disciplined about not restarting. So once you clear one of those cards, you're going to have to be ruthless about it that you don't start again because you see that zero balance that might be sitting there. The second thing that I think is really important is a little bit of savings can go a long way and become very, very addictive. So I'm going to ask you to do something that is going to seem so small, but every dollar does count, like the show, the bear, they say every second counts. This is every dollar counts.”
2025-06-17 · The Oprah Podcast · Oprah and Mellody Hobson: Best Money Advice for Gen Z · IDENTIFIED FROM THE TRANSCRIPT
“The less money you have, the higher debt, the higher interest rates you might be paying. So get rid of the ones that are the highest interest rates first because trying to save against those interest rates gets very hard. It's like having a bucket with a hole in it, something sticking out, even though you're filling the bucket with money. So you want to get rid of those high interest rate credit cards first.”
2025-06-17 · The Oprah Podcast · Oprah and Mellody Hobson: Best Money Advice for Gen Z · IDENTIFIED FROM THE TRANSCRIPT
“Okay, well, I think you're going to have to prioritize. I like that you have really gotten clear about your situation, and I like that you put the bills in front of you. One of the disadvantages that to the great advantage you all have is being digital natives is that because you are digital, you can avoid a lot of the reality by not, you know, just having the piece of paper in front of you and checking. And you tend to pay digitally. You tend to, you know, go through that life that way. So the first thing I would say that I would want you to do is I would want you to pay off the most expensive debt first. There's a saying that it's very expensive to be poor.”
2025-06-17 · The Oprah Podcast · Oprah and Mellody Hobson: Best Money Advice for Gen Z · IDENTIFIED FROM THE TRANSCRIPT
“Absolutely. The state of Maine bought the book for every elementary school student. And I thought about 13,000 books. I thought it was such a genius idea. And I applaud them for doing that because I do think it's a powerful tool in the hands of a young person. And it is something that is really life-changing once you get rooted in both the comfort of the conversation and the actual subject.”
2025-06-17 · The Oprah Podcast · Oprah and Mellody Hobson: Best Money Advice for Gen Z · IDENTIFIED FROM THE TRANSCRIPT
“And so, this whole idea of education, I really do think it's gotten a bad rap. And I understand why, because The cost of an education have far outstripped inflation. The cost has grown faster than inflation. So people feel it's moved so fast and so far. They feel that they've been taken advantage of”
2025-06-17 · The Oprah Podcast · Oprah and Mellody Hobson: Best Money Advice for Gen Z · IDENTIFIED FROM THE TRANSCRIPT
“But there's no commencement on the facts of what the situation you're in and what you're confronting. It's super interesting because this whole concept of money is such a taboo concept in our society, even though I joked in the commencement address. There are plenty of songs about money.”
2025-06-17 · The Oprah Podcast · Oprah and Mellody Hobson: Best Money Advice for Gen Z · IDENTIFIED FROM THE TRANSCRIPT
“So once I did a commencement address on money, and I said, the thing about it, I researched all these commencement addresses and no one ever talks about money. But I said, most of your parents think you're here to get a good job.”
2025-06-17 · The Oprah Podcast · Oprah and Mellody Hobson: Best Money Advice for Gen Z · IDENTIFIED FROM THE TRANSCRIPT
“Truly, to me, that's really actually, I really mean that. It's a lot of money. I've had student loans. So I know, you know, I'm not sitting here from a perspective. I don't know what people are talking about, but I can tell you I aggressively paid them off, aggressively, and I feel like that education gave me a lot of opportunities. Yeah.”
2025-06-17 · The Oprah Podcast · Oprah and Mellody Hobson: Best Money Advice for Gen Z · IDENTIFIED FROM THE TRANSCRIPT
“You have a degree that unemployment number is under 2%. Right now, because we have virtually full employment, it doesn't seem like a big deal. But when you start getting into periods where people are losing a lot of jobs, the person with a degree is more likely to work. It's a fact.”
2025-06-17 · The Oprah Podcast · Oprah and Mellody Hobson: Best Money Advice for Gen Z · IDENTIFIED FROM THE TRANSCRIPT
“Without going to college. So I just want to say, but even to get to be a member of a trade, you have to have some education. That's right. Certification. That's right. You have to apprentice. You know, there are things that you have to do. So there's still an investment that you have to make in time. And oftentimes money, it just may be different than a four-year degree. But I'm just going to tell you another example of just why this education is worth it. If you just look at unemployment statistics today. Now, we have virtually full employment in this country at 4%, meaning most people want to work due.”
2025-06-17 · The Oprah Podcast · Oprah and Mellody Hobson: Best Money Advice for Gen Z · IDENTIFIED FROM THE TRANSCRIPT