Can You Afford to Make Mistakes?
The Jesse Mecham Show
YNAB
4.7 • 1.1K Ratings
🗓️ 31 July 2025
⏱️ 7 minutes
🧾️ Download transcript
Summary
Flying airplanes is serious business. Mistakes are costly, not just because of the cost of the aircraft; if you're flying people, their lives are on the line. Jesse knows this better than most, having two brothers who are pilots. One day he overheard them talking shop and narrowed in on a common occurence they had teaching student pilots to fly -- these pilots were afriad of "hooking," that is, making a mistake on a flight and having to redo the assignment.
Jesse realized that everyone, including people who work high stress, high stakes jobs, learns through making mistakes. He quotes his favorite definition of intelligence, which "error correction." We learn by making mistakes then fixing them. And this must happen even for the most critical jobs like flying airplanes.
The same applies to money. Can you afford to make mistakes? Of course! You will mistakes, it's all about how you error correct after the fact. That's what the Five Questions help you do. They help you clarify what you want your money to do for you, and when you make a mistake with money, they help you correct your path and get you back on track. So, ultimately, you can live spendfully, loving the way you spend.
Watch The Jesse Mecham Show on YouTube:
https://www.youtube.com/@jessemechamshow
Got a question for Jesse? Send him an email:
Sign up for a free 34-day trial of YNAB at www.youneedabudget.com
Follow YNAB on social media:
Facebook: @ynabofficial
Instagram: @ynab.official
Twitter/X: @ynab
Tik Tok: @ynabofficial
Transcript
Click on a timestamp to play from that location
| 0:00.0 | Hello, my name is Jesse Meekam with another episode of the Jesse Meekam show, and I'm here each week to obsess out loud about spending purposefully, saving aspirationally, and giving joyfully. |
| 0:22.3 | It all comes down to just giving every dollar, every single, beautiful little precious dollar a job. |
| 0:27.9 | Now, today I want to talk about something that's not, well, it's, of course, money related because money is us and we are everything. |
| 0:35.3 | So money is everything, but I want to talk a little bit about something pretty broad, |
| 0:39.3 | and that is making mistakes. |
| 0:42.3 | And to start that, I will say something and hope that there are others out you, |
| 0:48.3 | out there like me, others of you, that deal with this problem. |
| 0:53.3 | And the problem is, I have, well, I have five siblings, two brothers, and both of my brothers |
| 0:58.5 | are pilots. |
| 1:00.3 | And I'm just curious if there are any others out there that, who also have all of their |
| 1:05.2 | brothers that are pilots except for you, you talk into a camera and type things into a computer and your |
| 1:11.7 | brothers fly jets. So one thing that was interesting, I was talking with my little |
| 1:17.2 | brother who was an instructor pilot for a while teaching these brand new, you just |
| 1:22.3 | wet behind the ears, pilots, well not yet pilots, student pilots. And what was |
| 1:27.0 | fascinating was hearing him talk about |
| 1:28.8 | how concerned they were with what I believe is the term hooking, which just basically means |
| 1:33.5 | you made a mistake, you got to go back and try again. And my little brother is the instructor |
| 1:38.8 | pilot, and then you've got the student pilot, and you are just, you're watching every single little move. |
| 1:44.8 | And it is dangerous. |
| 1:45.9 | And they need to be extremely careful. |
| 1:47.7 | And mistakes are extremely costly. |
| 1:50.4 | And I don't mean that the multi-million dollar jet flies into the ground. |
... |
Please login to see the full transcript.
Disclaimer: The podcast and artwork embedded on this page are from YNAB, and are the property of its owner and not affiliated with or endorsed by Tapesearch.
Generated transcripts are the property of YNAB and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.
Copyright © Tapesearch 2026.

