Atomic Budgeting: Compound Interest
The Jesse Mecham Show
YNAB
4.7 • 1.1K Ratings
🗓️ 22 June 2020
⏱️ 7 minutes
🧾️ Download transcript
Summary
Jesse has become a fan of James Clear's Atomic Habits, in which Clear explains how small changes to your habits can build up to big changes in your life. Naturally, Jesse saw how atomic habits could work for budgeting too.
So for the next few weeks, Jesse will be covering several aspects of "atomic budgeting," starting with the power of compounding interest.
Atomic Habits by James Clear:
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Transcript
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| 0:00.0 | Hello, Winebbers. My name is Jesse Meekam, and this is podcast number 433 for Wineb, |
| 0:09.8 | where we teach you four rules to help you stop even paycheck to paycheck, get out of debt, and save more money. |
| 0:15.9 | The key is in the tiny little things. |
| 0:18.4 | And I've really been enjoying. |
| 0:20.5 | I'm late to this party. |
| 0:21.5 | I've really been enjoying James Clear's book |
| 0:24.8 | Atomic Habits I you guys know I love I love B.J. Fog and his idea of the tiny |
| 0:30.5 | habits and James takes that and and uses that as part of his book but he also is kind of looking at a |
| 0:36.2 | broader view of research and this books it's not old but it's been around a while and as yeah people are liking it and I'm late to the party |
| 0:46.0 | But I just want to say that I do like it. I'm going to take a little bit of a liberty here |
| 0:50.1 | and talk about atomic budgeting basically looking at atomic habits and saying if people |
| 0:55.0 | are trying to change their behavior in any number of ways, how do we do that with budgeting? |
| 0:59.2 | At the end of the day, Wienab is a software company. |
| 1:02.1 | Really, we're more like an educational company. |
| 1:04.8 | We're really just going for behavior change. |
| 1:07.3 | If we can get you to change your behavior, we're profitable. |
| 1:09.8 | We're good. |
| 1:10.8 | We're set. |
| 1:11.0 | It's okay. |
| 1:12.0 | So for the next five, this is part one of five, |
| 1:16.0 | where we talk about atomic budgeting. |
| 1:17.8 | There are five big takeaways of the entire book, |
... |
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