Doing Nothing Is Something
The Jesse Mecham Show
YNAB
4.7 • 1.1K Ratings
🗓️ 25 May 2020
⏱️ 2 minutes
🧾️ Download transcript
Summary
There's a cliche in TV and film whenever something bad happens in a crowd of people, inevitably someone in the crowd shouts "why doesn't someone do something!" This is usually the cue for the superhero to enter stage right. We hear this sentiment all the time, not just in bad cinema, but in real life. Anytime a problem reaches a level of widespread concern -- whether it's a local neighborhood issue or a national one -- something must be done about it.
Some problems have no easy answers, and we often forget that inaction is a valid response. The same goes for our budgets! Not every budget problem can be solved right now. Sometimes you don't have the right information, or enough of it, to fix every issue in your budget. That's OK. Sometimes your budget is working just fine, and there's no reason to tinker with it. That's OK too. Don't fix it if it ain't broke!
Whatever your situation, remember doing nothing is still doing something.
Sign up for a free 34-day trial of YNAB at www.youneedabudget.com
Also, go to https://www.youneedabudget.com/bootcamp/ to sign up for the YNAB Debt Bootcamp!
Transcript
Click on a timestamp to play from that location
| 0:00.0 | Hello, Winebbers, my name is Jesse Meek and this is podcast number 430 for |
| 0:08.8 | Wineab, where we teach you four rules to help you stop them in paycheck to paycheck, |
| 0:12.1 | get out of debt and save more money. Doing nothing is something. I know I |
| 0:18.0 | mentioned this in prior podcast, but probably not as it relates to the markets and investing for the long haul. |
| 0:25.0 | We did talk about having a written plan, having something that you would say this is going to |
| 0:31.7 | stay the same. So no matter what happens around me |
| 0:35.6 | I will consistently do this plan my plan of having enough to retire my plan of |
| 0:40.9 | this or that or investing in this way this asset allocation plan all |
| 0:44.8 | that is founded on something that doesn't change so when the market is |
| 0:48.6 | gyrating around you your plan is still the same. |
| 0:53.0 | And you always have to go back and say, |
| 0:54.9 | well, did something change that made my plan change? |
| 0:58.8 | And if it did not, then I would, in this instance only, |
| 1:01.9 | because budgeting is not about this, but in this instance only, I would say, in this instance only, because budgeting is not about this, but in this instance only, I would say, |
| 1:05.0 | bear your head in the sand. |
| 1:07.0 | The point here is doing nothing is something. |
| 1:11.0 | So when everyone else is frantic and panicky and just saying, what do I do? |
| 1:16.5 | What do I do? What do I do? |
| 1:17.5 | What do I do? The ability to do nothing is absolutely precious and rare. |
| 1:28.0 | Think about that. |
| 1:29.3 | When you have this urge, like, I've got to do something, |
| 1:32.2 | I've got to do something, could you put it off for a day or two or five you might find that waiting 48 hours |
... |
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.