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The Intrinsic Value Podcast - The Investor’s Podcast Network

MI Rewind: To Be A Successful Investor, You Need A Budget w/ Jesse Mecham

The Intrinsic Value Podcast - The Investor’s Podcast Network

The Investor's Podcast Network

Education, Investing, Business

4.6592 Ratings

🗓️ 5 January 2024

⏱️ 46 minutes

🧾️ Download transcript

Summary

In this MI Rewind Episode, Robert Leonard chats with Jesse Mecham to talk about how abiding by simple budgeting can set you up for success in the future. Jesse founded You Need A Budget (YNAB) in 2004 while he was still in college. YNAB has grown into a leading software and proven method that helps its users get out of debt and have more control over their money. IN THIS EPISODE YOU’LL LEARN: 00:00 - Intro 01:43 - How the idea of You Need A Budget came to be.  02:50 - If you need to raise capital to start a business. 04:31 - What is the Four-Rule Method of budgeting, and why it works? 17:30 - How can you roll with the punches when it comes to budgeting? 20:04 - Why budgeting is crucial to being a successful investor. 22:11 - What does it mean to age your money? And much, much more! 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. JL Collin’s book The Simple Path to Wealth. Thomas Stanley and William Danko’s book The Millionaire Next Door. Ramit Sethi’s book I Will Teach You To Be Rich. Erin Lowry’s book Broke Millennial. Check out the books mentioned in the podcast here. NEW TO THE SHOW? Follow our official social media accounts: X (Twitter) | LinkedIn | Instagram | Facebook | TikTok. 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 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 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.

0:02.4

On today's show, we're re-sharing some of the older episodes that are my favorites for a few reasons. One, we get a bunch of new listeners each week, so new listeners may not have heard this episode before. Two, even if you've been listening for a while, you may have missed this episode when it originally came out. Or three, even if you've heard it before, it could be a great episode to learn from again. If you've already heard this episode or you're not interested in hearing it, feel free to just skip it. There's no harm in that. And you can pick up with our new episodes next week. That's all I had for you for this new intro. Everything going forward is going to be from the original episode. I hope you guys enjoy it. On today's show,

0:38.0

I chat with Jesse Meekam to talk about how abiding by simple budgeting rules can set you up

0:42.5

for success in the future. Jesse founded You Need a Budget, also known as Wynab, in 2004 while he was

0:49.8

still in college. YNAB has grown into a leading software and proven method that helps its users get out

0:56.3

of debt and have more control over their money.

0:59.1

I'm excited to have Jesse talk about this unique budgeting strategy that he's developed because

1:04.1

budgeting really is one of the most important yet underrated components of good personal

1:09.5

finance habits. And this might just be the budgeting

1:12.4

strategy that you need to get your money under control. I know budgeting sounds boring,

1:17.8

it isn't sexy like investing is, but changing your mindset towards the money you earn can help

1:23.2

you break free from living paycheck to paycheck, which helps you not only start investing, but also

1:28.3

helps you become a better investor. Jesse also shares some lessons learned as an entrepreneur

1:32.9

growing his startup, which can help you start a business, or even a side hustle, to start earning

1:37.8

more money to invest. Now, without further delay, let's get into this week's episode with Jesse

1:43.7

Meekam.

1:45.2

You're listening to Millennial Investing by the Investors Podcast Network,

1:49.4

where your host, Robert Leonard, interview successful entrepreneurs, business leaders and investors

1:54.9

to help educate and inspire the millennial generation.

2:09.8

Hey everyone, welcome back to the millennial investing podcast.

2:12.0

As always, I'm your host, Robert Leonard.

2:14.3

And with me today, I have Jesse Meekam.

...

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