MI146: Building a Business from Scratch & Budgeting Insights w/ Jesse Mecham

The Intrinsic Value Podcast - The Investor’s Podcast Network

The Investor's Podcast Network

Investing, Education, Business

4.6 • 592 Ratings

🗓️ 1 March 2022

⏱️ 49 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

IN THIS EPISODE, YOU’LL LEARN: 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. 18:59 - What is, and what is not a budget. 27:34 - YNAB’s four money rules. 44:15 - 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. Enter the Millennial Investing Giveaway here. Robert and Clay’s tool for picking stock winners and managing our portfolios: TIP Finance. 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: To Be A Successful Investor, You Need A Budget W/ Jesse Mecham. Check out our Investing Starter Packs about business and finance. Are you a looking to start investing? Check out our article on How to Invest in Stocks: The Ultimate Guide for Beginners. SPONSORS Support our free podcast by supporting our sponsors: Fiscal.AI Read this episode’s transcript and full show notes on our website. Connect with Jesse: Website | Twitter | Instagram Connect with Clay: Twitter HELP US OUT! Help us reach new listeners by leaving us a rating and review on Apple Podcasts! It takes less than 30 seconds and really helps our show grow, which allows us to bring on even better guests for you all! Thank you – we really appreciate it! 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 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.
0:03.2	We do that where we feel like we use busyness as an indicator of production where it's
0:09.4	not.
0:10.4	We're just spinning our wheels.
0:11.2	So one question that I often ask myself, and it's not a question I invented, but just
0:15.9	will this move the needle?
0:18.1	Will this move the needle?
0:19.9	And you'll find as you're trying to grow a podcast
0:22.0	or market a book or build a blog or whatever it is, you'll find that what moves the needle
0:27.0	is you doing uncomfortable things like asking for things.
0:34.5	On today's show, I sit down to chat with Jesse Meekam. Jesse is the founder of You Need a Budget or YNAB,
0:42.4	and is also a personal finance expert and business leader. Jesse also hosts the You Need a Budget
0:48.0	podcast, the Beginning Balance podcast, and is the Wall Street Journal bestselling author of
0:53.7	You Need a Budget.
0:55.3	Jesse is deeply passionate about teaching individuals, families, and business owners
1:00.5	YNAPS 4 Rules to help them gain total control of their money, which Jesse will be covering
1:05.9	for us a little bit later. During our conversation, I chat with Jesse about what led him to start his
1:12.2	business in 2004 while he is still in college. When Jesse knew it was time to quit his
1:17.4	full-time accounting career to go all in on his business, what is and what is not a budget,
1:23.4	whether budgets are for everyone or not, even those with high incomes and high savings rates,
1:28.0	why it's important to look at an investor's overall financial situation when assessing their
1:33.1	own strategy and much more. I find Jesse's story to be really inspirational. I mean,
	...

Please login to see the full transcript.

Previous episode | Next episode

Disclaimer: The podcast and artwork embedded on this page are from The Investor's Podcast Network, and are the property of its owner and not affiliated with or endorsed by Tapesearch.

Generated transcripts are the property of The Investor's Podcast Network and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.