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The Jesse Mecham Show

You Are Building WEALTH

The Jesse Mecham Show

YNAB

Kids & Family, Education

4.71.1K Ratings

🗓️ 26 October 2020

⏱️ 4 minutes

🧾️ Download transcript

Summary

It's not a dirty word, so let's say it together -- wealth! At YNAB, we often use the words "save money," and it's a more approachable concept, something that seems achievable in the short term. Wealth can seem like such a far-off concept sometimes. But at the end of the day, that's what we're all trying to do, is to build wealth that will allow us to do more of what we want to do in life.

 

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Transcript

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0:00.0

Hello, Winebbers, my name is Jesse Meekham, this is podcast number 451 for Wineb, where we teach

0:09.6

you four rules to help you stop living paycheck to paycheck check, get out of debt and build wealth.

0:14.7

That is not going to be on the next podcast, very likely.

0:17.9

And you might be using one of those fancy apps that jump you ahead so you don't hear me make

0:21.1

that intro every time time but instead of saying

0:23.2

save more money today I'm saying build wealth save more money is a little more

0:27.6

approachable a little more accessible a little more like the every man, right? And for some reason when Todd, our chief product

0:35.8

officer came to me with a little bit of a thought experiment, he was chatting with a

0:39.8

woman who's helping us in our WinoB for Good initiatives and she said

0:43.3

Winob is first and foremost a wealth-building tool. Todd passed that along to me and

0:48.2

I've been kind of examining that. Todd and I both shared a little bit of a

0:52.0

negative connotation. We were like how wealth, wealth share it a little bit of a negative connotation.

0:53.2

We were like, how wealth, wealth, it feels a little, I don't know, pretentious, a little bit like the

0:56.8

Hamptons.

0:57.8

I don't know.

0:58.7

It just isn't as, there was just something there.

1:01.6

And so today I wanted to examine it out loud where I say things

1:04.7

that I just thought for the first time. Wealth is unapologetically for you personally a

1:11.8

very very good thing.

1:14.1

The more wealth you have, the more you,

1:16.0

listener viewer, can do good, the less stress you'll have.

1:21.1

And there may be some like, I don't know, diminishing returns where you actually will experience more stress. I haven't experienced that yet. I'll let you know if it changes. If I am so fortunate, but the idea that we are just saving money, that feels temporary, saving money for what?

...

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