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The Jesse Mecham Show

Behind the Scenes: Personal Finance Tips from the YNAB Team

The Jesse Mecham Show

YNAB

Kids & Family, Education

4.71.1K Ratings

🗓️ 30 August 2021

⏱️ 49 minutes

🧾️ Download transcript

Summary

In today's installment of Behind the Scenes, YNAB team members share their insights about personal finance, whether it's overcoming the fear and confusion of investing, learning to push yourself to achieve things you never thought you could, or better understanding our conditioning around money and success.

 

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Transcript

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0:00.0

Hello, Wine Embers. My name is Jesse Meakum, and this is podcast number 523 for Wine

0:10.0

Ab, where we teach you four rules to help you stop if you paycheck to paycheck, get out

0:13.0

of debt, and save more money. I am very excited to have back with us another part of our

0:17.3

series of Wine Ab behind the scenes. Today, I ask many, many Wine Embers, and I should

0:23.8

clarify once more. Wine Ab in this sense means a Wine Ab team member. I mean, we're all

0:27.9

Wine Abbers, right? So this is a behind the scenes with the Wine Ab team, asking them

0:32.8

this question, what is the best personal finance advice you have ever received? How many

0:38.9

of them are going to say, take it a budget? Well, you'll just have to listen and find out.

0:43.8

So I will see you on the other side.

0:45.3

Yeah, you know, it's like in an ethics class where they're like, I don't know, someone's

0:54.0

on a train track, and you're just kind of like, okay, there's no win here. That's why

0:57.8

this has been designed this way so that you can just debate. And what you're debating

1:02.7

is, it's like totally up for grabs. One thing that's interesting I've noticed is a lot

1:09.6

of times people will treat those debates like they are mutually exclusive and they're

1:16.1

not. So you could, you know, find some kind of a meeting in the middle or something like

1:24.0

I'll tell them you said that. Yeah. So like you got to, it's not best of both worlds

1:28.3

because you're like, well, my best world is the student loans are gone and that's a great

1:30.9

world. But there's also the idea of getting aggressive on investing and seeing that grow,

1:37.2

you know, while you're still young, I don't know exactly how old you are, but you said

1:40.1

you were early in career. So while you're still young, starting to get going on investing

1:44.1

and everything is, is obviously, you know, all kinds of compound interest calculations

1:49.0

tell us. So I lean personally, Jesse, I lean more toward your side of things. I would

...

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