
The 51% Rule (and 3 More Strategies to Think Like a Millionaire) with Steven Bartlett
Steven Bartlett (guest), Mel Robbins (host)
In this episode of The Mel Robbins Podcast, featuring Steven Bartlett and Mel Robbins, The 51% Rule (and 3 More Strategies to Think Like a Millionaire) with Steven Bartlett explores steven Bartlett Reveals Millionaire Mindset: Decisions, Risk, and Self-Trust Mel Robbins interviews entrepreneur and podcaster Steven Bartlett about how to think and decide like a millionaire, using his life story from poverty and exclusion to major business success as a case study.
Steven Bartlett Reveals Millionaire Mindset: Decisions, Risk, and Self-Trust
Mel Robbins interviews entrepreneur and podcaster Steven Bartlett about how to think and decide like a millionaire, using his life story from poverty and exclusion to major business success as a case study.
Steven explains how questioning societal narratives, tuning into your own feelings, and running constant “experiments” in life and business unlock far more of your true potential.
They introduce practical decision-making frameworks: type one vs. type two decisions, the 51% rule, and the importance of decision speed as a competitive advantage.
The conversation also covers boundaries, relationships, sleep, and self-awareness, showing how the same principles of experimentation and first-principles thinking apply to every area of life.
Key Takeaways
Most limits are self-imposed; question every inherited narrative.
Steven’s life changed when he stopped accepting school and society’s story that grades defined his future. ...
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Use the type one / type two decision filter to reduce paralysis.
Type one decisions are hard or impossible to reverse (e. ...
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Apply the 51% rule: you will never have 100% certainty upfront.
On big choices you only need to be slightly more sure than unsure (around 51%) and then commit, trusting that you used the best evidence available at the time. ...
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Speed of decision-making is a hidden advantage in success.
Steven contrasts a slow, approval-driven business owner with his fast-moving son; the son’s willingness to quickly green-light experiments and learn from them led him to massively outperform his father. ...
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Treat life like a series of experiments; failure is feedback, not a verdict.
Whether choosing careers, relationships, or business ideas, you only discover what works by running small, real-world tests. ...
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First-principles thinking creates better solutions than social convention.
Instead of copying “how things are done” (e. ...
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Prioritize your own happiness and set firm boundaries, even with family.
Steven argues that the biggest risk is not what others will say if you change, but staying stuck in an unhappy life to please them. ...
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Notable Quotes
“Most of our experience is a bunch of social myths, a bunch of doors that we just haven’t tried pushing on yet.”
— Steven Bartlett
“The biggest risk is not what people might say when you leave banking. The biggest risk is doing another decade in banking and looking back with the retrospective clarity that you had your priorities all wrong.”
— Steven Bartlett
“On the big decisions in life, you have to get to 51% certainty and make the decision with the peace of mind that you made that decision in that moment with all of the available evidence and you have to let it go.”
— Steven Bartlett (paraphrasing Barack Obama’s approach)
“Failure is feedback, feedback is knowledge, and knowledge is power. So therefore, failure is the power you’re looking for.”
— Steven Bartlett
“Overthinking is a decision. Doubting yourself is a decision. Not making a decision is a decision.”
— Mel Robbins
Questions Answered in This Episode
What beliefs about your career, age, intelligence, or relationships might actually be inherited narratives you’ve never personally tested?
Mel Robbins interviews entrepreneur and podcaster Steven Bartlett about how to think and decide like a millionaire, using his life story from poverty and exclusion to major business success as a case study.
Get the full analysis with uListen AI
Which decisions in your life are you currently treating as irreversible type one decisions that are actually reversible type two decisions?
Steven explains how questioning societal narratives, tuning into your own feelings, and running constant “experiments” in life and business unlock far more of your true potential.
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Where could you apply the 51% rule this week to finally move on something you’ve been overthinking for months or years?
They introduce practical decision-making frameworks: type one vs. ...
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If you treated your life like a set of experiments, what is one small, “embarrassingly tiny” first step you could take toward a path you’re curious about?
The conversation also covers boundaries, relationships, sleep, and self-awareness, showing how the same principles of experimentation and first-principles thinking apply to every area of life.
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In which relationship or family situation do you need to set a clear boundary to stop enabling a destructive pattern—for their growth and your own?
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Transcript Preview
One of the- my friends said to me back then, they said, "You're either gonna be a millionaire or in jail." I was that desperate.
... to leave a situation that you know isn't right for you. I think that is the hardest decision on the planet for most people.
It all comes back to, what is the most important goal for all of us? And I would argue that the most important goal that we can all aim at is our own happiness.
You have been at war internally with what the world was telling you how you should feel and knowing deeply that that's not how you feel about yourself.
I thought I was different in a good way, and the system told me I wasn't. Realizing at 10 years old that the narrative that my school had given me, that the only way to become rich, successful, and happy was through getting As on these exams, was when I sold that first pack of cigarettes on the playground and someone handed me five pounds. I could not unsee it.
Hey, it's your friend Mel, and it is such an honor to be able to spend some time with you. And I wanted to start by acknowledging you. And you're thinking, "What are you acknowledging me for?" I'm gonna tell you what I'm acknowledging you for. For your commitment to making your life better. I mean, I know that's why you chose to listen or to watch this today. So welcome to the Mel Robbins Podcast family, and thank you for being one of those people that is a force for good on this planet and for making the Mel Robbins Podcast one of the most popular podcasts in the entire world. I'm Mel Robbins. I'm a New York Times bestselling author and one of the world's leading experts on confidence and motivation, and I'm on a mission to inspire and empower you with the tools and the expert resources that you need and that you deserve so that you can create a better life. And today, ooh, we have an awesome expert, and I'm really excited about this person because this is somebody I really admire in business. You often write in and you're like, "Mel, you know, who is it that you look up to?" And you're about to meet somebody that I really look up to in business. And you and I also talk a lot about the importance of having people in your life that are doing things that you wanna be able to do and studying them and following them and learning from them, and somebody that I look to all the time when it comes to business and podcasts in particular is a guy by the name of Steven Bartlett. Now, that name may be familiar. He's a wildly successful entrepreneur, I'm gonna get into that in a minute, but he is really well known on a global basis for hosting a podcast called The Diary of a CEO. It is hands down the number one ranked podcast across Europe. It's climbing the charts here in the United States. It dominates globally, and I study this guy. I've learned so much from him, and today you're gonna learn from him. We are gonna talk about the art and science of decision-making, and I'm gonna get into Steven's credentials in just a minute because they're crazy impressive, but let's just pause and let's consider the importance of the art and science of decision-making and why this matters to you. Well, stop and think about your life. Your life is the sum of your decisions, and if you wanna create a better life, then you're gonna have to make better decisions. I mean, if you just keep doing what you do now, 10 years is gonna go by and nothing's gonna have changed, and there is so much power in your decision-making. In fact, research has proven that you and I, we make about 35,000 decisions a day. Let me just put that in context. That's like taking a soccer stadium and putting a decision in every single seat, and that's what you do every day. And here's the thing about decisions. Decisions are kind of like dominoes. They tend to trigger the next one, right? That's why you're sitting on the couch and you only intended to check one thing, and next thing you know, boom, that one decision led to three hours of doom scrolling. We're not gonna be doing that. I'll tell you why. Because there are tools that you can learn and use from some of the world's best thinkers and most successful people on the planet to help you make better decisions, and you're gonna learn some of those tools today, like the 51% rule. That really is gonna help you if you struggle with perfectionism, self-doubt, and overthinking. You're also gonna learn about the two different types of decisions, the speed of decisions, and something that my friend Steven Bartlett lives by. He calls it the first principles. So let me tell you a little bit about my friend Steven Bartlett. First of all, this guy's only 31 years old and one of his companies was valued at $600 million. He's also a serial entrepreneur who advises and sits on the boards of so many global brands, and he's gonna tell you today and teach you the direct connection between the decisions that you make and improving every aspect of your life, your health, your relationships, your business. The other thing that I love about Steven is that his story is so wildly compelling. So we're gonna begin the conversation with his story. Steven grew up so poor that he was stealing food, a fact he was hiding from his schoolmates. He dropped out of college to start his first company, and he has so much to teach you, not only based on his own life and business experience and success, but also based on the wisdom that he has gained from interviewing hundreds of the world's most innovative, influential, and successful minds in business, sports, science, all of it. And one of the reasons why I admire Steven so much is because you know how you can tell from afar when somebody is literally in a class of one, meaning that they are the very best at what they do? Well, that's Steven. Because it's very clear to me that he's doing things his way, and here is what I want you to take away from today's conversation. You need to learn how to do things your way. See, you have your own unique story to tell and your own genius to share, and in order to unlock your full potential, you have to learn how to make better decisions. Decisions that align with what you want personally, decisions that align with your creative and business instincts.... and decisions that help you become more of yourself. Wouldn't that be awesome? You better believe it's gonna be awesome. So let's jump into the conversation I recently had with Steven Bartlett. And because you're watching here on YouTube, thank you, thank you, thank you for spending time, thank you for being here with me. Please take a minute to subscribe. Steven asks his watchers to subscribe. This is what I learned from him. Please subscribe. I want 50% of the people that watch this channel to be subscribers 'cause it helps me get people like Steven to you for free. All right, you ready? Good. Let's jump into that conversation that I recently had with none other than the amazing Steven Bartlett. So first of all, um, I know you don't do a lot of interviews.
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