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The Intrinsic Value Podcast - The Investor’s Podcast Network

MI Rewind: Building a Business from Scratch & Budgeting Insights w/ Jesse Mecham

The Intrinsic Value Podcast - The Investor’s Podcast Network

The Investor's Podcast Network

Education, Investing, Business

4.6592 Ratings

🗓️ 2 June 2023

⏱️ 50 minutes

🧾️ Download transcript

Summary

Clay Finck chats with Jesse Mecham all about budget, whether budgets are for everyone or not, looking at an investor’s overall financial situation when assessing their strategy, and much more! Jesse is the founder of You Need A Budget or YNAB, and is also a personal finance expert and business leader. He is deeply passionate about teaching individuals, families, and business owners YNAB’s four rules to help them gain total control of their money, which Jesse will be covering for us a little bit later. IN THIS EPISODE, YOU’LL LEARN: 00:00 - Intro 02:34 - What led Jesse to start his business in 2004 while he was still in college? 06:13 - The story on when Jesse knew it was time to quit his full-time accounting career to go all in on his business. 14:59 - What is, and what is not a budget? 27:34 - YNAB’s four money rules. 43:39 - What Jesse’s personal portfolio looks like. 46:33 - What some of Jesse’s favorite books are. And much, much more! *Disclaimer: Slight timestamp discrepancies may occur due to podcast platform differences. BOOKS AND RESOURCES Join the exclusive TIP Mastermind Community to engage in meaningful stock investing discussions with Kyle and the other community members. Check out You Need a Budget. Check out YNAB’s YouTube channel. Books mentioned in the episode: Traction, High Output Management, The Hard Thing about Hard Things, Your Money or Your Life, The Richest Man in Babylon, Antifragile, & Four Thousand Weeks. Related Episode: Listen to MI080: To Be A Successful Investor, You Need A Budget w/ Jesse Mecham, or watch the video. NEW TO THE SHOW? Check out our Millennial Investing Starter Packs. Browse through all our episodes (complete with transcripts) here. Try Kyle’s favorite tool for picking stock winners and managing our portfolios: TIP Finance. Enjoy exclusive perks from our favorite Apps and Services. Stay up-to-date on financial markets and investing strategies through our daily newsletter, We Study Markets. Learn how to better start, manage, and grow your business with the best business podcasts. SPONSORS Support our free podcast by supporting our sponsors: Fiscal.AI Connect with Jesse: Website | Twitter | Instagram  Connect with Clay: Twitter Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Learn more about your ad choices. Visit megaphone.fm/adchoices Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm

Transcript

Click on a timestamp to play from that location

0:00.0

You're listening to TIP.

0:02.2

On today's show, we've started to reshare some older episodes that are my favorite for a few

0:07.5

reasons.

0:08.6

One, we get a bunch of new listeners each week, so the new listeners may not have heard this

0:13.2

episode before.

0:14.6

Two, even if you've been listening for a while, you may have missed this episode when it

0:19.2

originally came out.

0:22.5

Or three, even if you've heard it before, it can be a great episode to learn from again. If you've already heard this

0:27.2

episode or you're not interested in hearing it, feel free to just skip it. There's no harm in that,

0:31.7

and you can pick up with our new episodes next week. All right, guys, that's all I had for you

0:36.5

for this new intro. Everything going forward

0:39.3

is going to be from the original show. Hope you guys enjoy it. We do that where we feel like

0:47.1

we use busyness as an indicator of production, where it's not. We're just spinning our wheels.

0:53.7

So one question that I often ask myself,

0:56.6

and it's not a question I invented, but just, will this move the needle? Will this move the needle?

1:02.4

And you'll find as you're trying to grow a podcast or market a book or build a blog or whatever

1:07.3

it is, you'll find that what moves the needle is you doing uncomfortable things

1:12.2

like asking for things.

1:17.1

On today's show, I sit down to chat with Jesse Meekam. Jesse is the founder of You Need a Budget

1:23.6

or Wynab and is also a personal finance expert and business leader. Jesse also hosts the

1:29.9

You Need a Budget podcast, the Beginning Balance podcast, and is the Wall Street Journal bestselling

1:35.6

author of You Need a Budget. Jesse is deeply passionate about teaching individuals, families,

...

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