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The YNAB Podcast

090 - Boosting Income by Thinking Small

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

🗓️ 2 August 2013

⏱️ 5 minutes

🧾️ Download transcript

Summary

Sometimes the best way to start thinking about making extra income is to think small. Really small. Don't let visions of grandeur slow you down.

Transcript

Click on a timestamp to play from that location

0:00.0

Hello, whinabbers. My name is Jesse Meekham, and this is podcast number 90 for You Need A Budget,

0:18.0

where we teach you four rules to help you stop living paycheck to paycheck, get out of debt and save more money.

0:24.0

Today I want to talk a little bit about not just saving more money but making more money.

0:30.0

There was a blog post that Mark put up just a bit ago and just was talking about his idea for making more income.

0:38.0

And one big key with that is when you think about trying to save $100 a month or something like that or save a couple hundred dollars a month.

0:50.0

Sometimes it's easier to make that extra couple hundred dollars a month when you've cut back and

0:55.3

cut away a lot of the extra and you're operating on a pretty lean, optimized, value-driven focused

1:01.5

budget. And there comes a point where you maybe have to say to yourself you

1:05.8

know what it's time to earn some more money. You can look toward like part-time jobs

1:12.1

and things like that, you know, side work overtime, but that may not be a possibility.

1:20.3

I just wanted to share kind of my take on it and that's basically only from my own experience.

1:25.0

When I was in school and realized that we had our first baby on the way,

1:31.0

I wanted Julie to be able to stay home with the baby and not need to

1:35.1

worry about working but also didn't want to take on any debt to finish my years of

1:39.2

schooling. So I had a great part-time job making pretty good money. I think I was paid 14 bucks an hour

1:48.6

which for a student at that time was was great. So was that, but I also had to do school work.

1:55.0

I couldn't work full time and make it work.

1:59.0

So I was frustrated and mad that we couldn't make the budget do what we want and kind of bend it to our reality.

2:08.0

And that was what drove me to try and sell Wineab, which at the time was not called Wineab, it was just

2:17.6

called The Budget.

2:19.7

And I just want to point out that my original vision, and this is maybe some of that could get you going and take some action.

2:26.0

This is why I share it.

...

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