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The YNAB Podcast

159 - Your Money or Your Life

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

🗓️ 16 February 2015

⏱️ 3 minutes

🧾️ Download transcript

Summary

A shoutout to a classic that everybody should read.

Transcript

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0:00.0

Hello, Wine Abbers. My name is Jesse Meekham and this is podcast number 159 for you need a budget.

0:15.0

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

0:21.0

Today I want to call your attention to a very old, not very very old, but

0:26.1

fairly old, personal finance book. That section of Barnes and Noble, a store which I love tremendously because I love books.

0:36.0

But there is a personal finance section at every bookstore that is massive and there are new books

0:41.0

coming out all the time, hopefully one of mine one of these days.

0:44.8

But all that being said, if there were one book I could have you read that I think would give you

0:52.2

the most bang for your buck, it would be the fairly old classic

0:57.3

your money or your life by Joe Dominguez.

1:00.9

I loved it and I didn't even agree with the investment philosophy that it taught. I don't know if they've updated it in recent years to maybe change that.

1:08.0

I love that they saw money and time as basically interchangeable when you're spending money you're really spending your time.

1:17.0

And we all know that we unfortunately have just a finite amount that you spent it well.

1:23.0

And then you just, I guess, hope that you spent it well.

1:30.0

And since everyone trades their time for money, we can then say that we hope you're spending your time well as you purchase that next item.

1:40.0

I was at the same mall two days in a row this week.

1:45.0

That was uncomfortable.

1:47.0

I don't like malls.

1:49.0

I don't like anything about them really.

1:52.0

There's an apple store at this mall. don't like anything about them really.

1:53.0

There's an apple store at this mall.

1:55.0

That's why I was there one time.

1:56.0

I was returning something for Julie for Christmas

...

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