Mel Robbins says most people stay broke because companies control their money through hidden subscriptions. Your phone is a money magnet draining you with recurring charges for Netflix, gyms, vitamins. Track every subscription with budgeting tools like Monarch or YNAB to stop the bleeding.
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You either have a plan for your money or someone else has a plan for your money. Oh, what do you mean? So, so like, like, let that sit for a second. Either you have a plan for your money or someone else has a plan for your money. Lots of people have a plan for your money. The automatic economy is driven by your phone. Okay, that phone that we hold all day long is a money magnet. Think about that as a money magnet. What do I mean by that? That means this tool is either helping you build wealth or it's taking wealth away from you. Oh, hold on. So the phone is either helping you build wealth or it's taking money away from you. And by the way, in both cases, it's automatic. So what's happening today, there's never been greater technology ever in the history of our lifetime to separate you from your wealth. But nobody wants to separate you, Mel, from your wealth once. They want to separate you from your wealth for your lifetime. They call it the lifetime value of a customer. Okay, so when I bring you into whatever I'm selling you, I don't want you to buy from me once. I want you to buy from me on subscription level. I want you to be paying me whether— everybody think about Netflix, the gym, every single service, your vitamins, your creams, your lotions and your potions. Everyone's got you signed up to pay them automatically. If you go through, open up your credit cards or someone, one of your people in your office already told me they did this. Use a system like Monarch. Yep. Or YNAB, right? These are different software systems where you can track all of your expenses and you can see who are you paying monthly. People have lost touch with how many people are attached to their paychecks.
