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The Jesse Mecham Show

333 - Lowering the Baseline

The Jesse Mecham Show

YNAB

Kids & Family, Education

4.71.1K Ratings

🗓️ 2 July 2018

⏱️ 9 minutes

🧾️ Download transcript

Summary

Jesse discusses a conversation he has with a friend about whether or not they should pay off their house.

Transcript

Click on a timestamp to play from that location

0:00.0

Hello, whinabbers. My name is Jesse Meekham and this is

0:06.7

podcast number 333 for whinab.

0:10.7

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

0:17.5

We talked last week about Naseim Tuleb's book, Anti-Fragual.

0:20.9

I should try and interview him.

0:22.1

I don't know if he would even respond. From what I read in the book it seems like he does the barest of minimum as far as

0:30.0

responding to media requests and I would certainly be lumped into those.

0:33.4

But maybe I ought to try.

0:35.5

It would be fun to have him give us like, hey, what are 10 things I can do in my personal

0:38.6

finances to make my personal finances anti-fragual instead of fragile and have him just list those

0:46.0

force and then I could ask him questions that he probably found fairly stupid but we could

0:49.9

still try.

0:50.9

I wanted to talk today.

0:51.9

I was chatting with a friend, good close friend of

0:53.9

mine, and he was debating whether he and his wife should take some cash out of

1:00.7

investments and they're in investments not meant for retirement.

1:07.0

Like they're not in retirement vehicles, they're just sitting in a mix of stocks and bonds and he just said I wonder if we should pay off the house and

1:17.7

they could with that with that cash we talked about it a little bit and we came to kind of two conclusions.

1:27.0

I just thought I'd leave them here for you to mole over.

1:31.0

One is I very often seek in a lot of times I envision my personal

1:38.9

finances like a net or I'm always weaving and you're finding kind of weak spots or worn spots and

1:44.3

you're weaving in new, you know, new areas you're kind of touching things up.

...

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