Sowing the Seeds of FI
The Jesse Mecham Show
YNAB
4.7 • 1.1K Ratings
🗓️ 11 November 2019
⏱️ 9 minutes
🧾️ Download transcript
Summary
"FI" is an acronym that has steadily grown in popularity over the last decade, though the concept is much older than that. It stands for financial independence -- some people call it early retirement (the longer acronym FIRE stands for financial independence, retire early) -- but the idea is simple. Live below your means, drastically increase your savings rate and accumulate enough wealth to "retire" or perhaps better said, until you can do what you want to do.
Time and savings rate are the key components of financial independence. What if you could save half of everything you make? What if you started doing that from the beginning? Jesse shares some lessons he's trying to instill in his kids as they take their first steps toward financial independence.
Sign up for a free 34-day trial of YNAB at www.youneedabudget.com
Transcript
Click on a timestamp to play from that location
| 0:00.0 | Hello, Wineabbers. My name is Jesse Meekham, and this is podcast number 401 for |
| 0:09.0 | Wineab, where we teach you four rules to help you stop up from paycheck to paycheck, |
| 0:11.8 | get out of debt, and save more money. |
| 0:14.8 | We just passed our arbitrary milestone of 400 podcast episodes. |
| 0:18.2 | Here we are, 401. |
| 0:19.2 | Does it feel any different? |
| 0:20.2 | No, because that milestone was arbitrary. |
| 0:23.0 | Now let's talk about something different. |
| 0:25.0 | I was from last week. |
| 0:26.0 | I hope you set a couple and have fun with it. |
| 0:28.0 | I want to talk about sewing seeds of financial independence |
| 0:32.0 | known as F.I. if you are on Reddit where everything becomes |
| 0:35.2 | an acronym. |
| 0:36.8 | And I'm intrigued by the movement, I love it, because it promotes the idea, this is not a new idea, my word, but it promotes the idea that you become |
| 0:44.9 | financially independent, that you retire. I don't like the word retire, many in that industry, in that |
| 0:49.7 | kind of sphere don't because retirement brings along with it all kinds of other things. of |
| 0:53.3 | S fear don't because retirement brings along with it all kinds of other thoughts about I don't know |
| 0:57.0 | not being engaged as much sometimes |
| 1:00.0 | older people so financial independence just means you have options. You're |
| 1:05.9 | financially independent and I could just say that phrase and you can determine what |
| 1:11.8 | that means to you what that would look like and I think that's |
| 1:14.3 | useful in its own right but I want to tell you this little story a little |
... |
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.