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The YNAB Podcast

052 - An Interview with Jon Stein of Betterment--You CAN Invest!

The YNAB Podcast

YNAB

Consolidation, Total, Budget, Dave, Peace, Money, A, Education, Ynab, Finance, Bankruptcy, Makeover, Fpu, Software, Management, Personal, Need, Ramsey, Financial, University, Debt, Kids & Family, You

4.71.1K Ratings

🗓️ 15 October 2012

⏱️ 24 minutes

🧾️ Download transcript

Summary

I love what Jon Stein's doing over at Betterment. If you're afraid of investing, you should listen to this. If you want to be lazy about your investing, you should listen to this.

Transcript

Click on a timestamp to play from that location

0:00.0

Hello, Winebbers. My name is Jesse Meekaman. This is podcast number 52 for

0:16.9

you lead a budget where we teach you four rules to help you stop living paycheck

0:21.4

get out of debt and save more money.

0:25.3

Some of that money you've been saving needs to be invested.

0:29.3

One half of wine numbers say they are completely and utterly uneducated when it comes to investing.

0:36.8

And I want to change that one by letting you know that it's not nearly as complex as you would

0:42.0

think. I'm really excited about a company called

0:44.8

Betterment that approached me probably a year and a half ago but we were maybe a

0:49.5

year ago. We were in the throes of Wineb for building that.

0:53.2

I was too busy to pay attention, honestly.

0:57.1

But now I am paying much attention, and I love what I found.

1:01.0

So I've done an interview here with John Stein of Betterment. Here it is.

1:05.0

Okay, John, thanks for being on the podcast with me. I'm here with John Stein. He's the CEO of Betterment and we are going to talk all about it here for the next 10 or 15 minutes or so. So thanks for being on.

1:17.0

Thanks Jesse, great to be here. I'm pretty excited. I'm now a Betterment investor as of maybe a month ago and I set it up on

1:26.4

autopilots I've got on on every first of the month I've got money going

1:31.6

in there and I had it set to retire in five years.

1:35.6

So I need to adjust that because I think the goal, yeah the goal I gave me was I had to I think

1:41.8

put away 14,000 a month.

1:43.5

So I was curious what it would tell me.

1:46.4

But at any rate, I found something much more reasonable and I'm on autopilot there

1:50.1

and I'm feeling pretty good.

1:52.0

So anyway, I just want to throw that out there that I'm rock and rolling on it, but I wanted to ask you,

...

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