356: Four Rules to Get Control of Your Money, with Jesse Mecham
Coaching for Leaders
Dave Stachowiak
4.8 • 1.6K Ratings
🗓️ 18 June 2018
⏱️ 38 minutes
🧾️ Download transcript
Summary
Jesse Mecham: You Need a Budget
Jesse Mecham is the CEO and Founder of You Need A Budget* (YNAB). He’s on a mission to help people stop living paycheck to paycheck, get out of debt, and save more money. He recently released his book by the same name, You Need a Budget*, a Wall Street Journal Bestseller.
Key Points
- Be as vigilant with your money as you are with your time.
- Constraints allow us to be creative. When your options are endless, you’re frozen.
- Most people’s monthly budgets underestimate actual long-term expenses.
- Your emergency fund should be for more than just things you forgot to plan for.
- Budgeting is about looking forward and actively adjusting.
The Four Rules for Budgeting:
- Give Every Dollar a Job
- Embrace Your True Expense
- Roll With the Punches
- Age Your Money
Bonus Audio
Resources Mentioned
- You Need A Budget* (YNAB)
- A Beautiful Constraint* by Adam Morgan and Mark Barden*
- The Opposite of Spoiled* by Ron Lieber
Book Notes
Download my highlights from You Need A Budget in PDF format (free membership required).
Related Episodes
- How to Transform Your Limitations Into Advantages, with Mark Barden (episode 207)
- How to Manage Your Money, with Jill Schlesinger (episode 322)
- Six Tactics to Achieve Extraordinary Performance, with Morten Hansen (episode 337)
Discover More
Activate your free membership for full access to the entire library of interviews since 2011, searchable by topic.
Transcript
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| 0:00.0 | Hard to lead others if you don't have your own house in order. |
| 0:03.6 | And a key part of that for all of us is our money. |
| 0:06.7 | Last week you heard about corporate budgeting on this episode, |
| 0:09.9 | four rules to get control of your money from the founder of one of the most popular budgeting systems. |
| 0:16.3 | This is Coaching for Leaders episode 356. |
| 0:19.7 | Produced by Innovate Learning, Maximizing Human Potential. |
| 0:29.0 | Greetings to you from Orange County, California. |
| 0:32.0 | This is Coaching for Leaders, and I'm your host, California. This is coaching for leaders and I'm your host Dave Stahoviac. |
| 0:36.5 | Leaders aren't born, they're made, and this weekly show gives you access to the practical |
| 0:40.9 | wisdom that will empower you to become a better leader. |
| 0:45.0 | Last week you heard about how to create a corporate budget. |
| 0:50.0 | And you know if you've been listening to the show for a while, |
| 0:52.5 | that once in a while I like to take a step away from the core leadership |
| 0:57.2 | topics and zeroing out a topic that is really important to us as leaders on a personal level but also just as human beings. |
| 1:05.9 | And last week's topic got me thinking about the importance of not only putting together |
| 1:09.6 | a corporate budget but also putting together a personal budget and leadership is one of |
| 1:15.2 | those things that a lot of us even if we've had some school or classes are training |
| 1:20.0 | on we we just never learned as much as I think we need to learn. And financial planning and |
| 1:25.7 | budgeting is probably one of those other topics. We always can learn more. And so today I've called |
| 1:32.3 | up the person I know who's really the expert on this |
| 1:35.4 | who's the creator of the system Bonnie and I use for all of our personal |
| 1:39.8 | budgeting and I'm really thrilled to welcome Jesse Meekham to the show. |
... |
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