What Is Enough?
The Jesse Mecham Show
Jesse ponders the question -- what is enough? What if you set the bar at physical subsistance, enough food, shelter, and clothing to be secure? If that is enough, then everything you have beyond it is extra. When you set the bar there, then everything you spend on extra takes on more meaning -- it's not stuff you have to buy, it's stuff you get to buy, and therefore is more expressive of yourself. What does your money need to do... once you have enough? Order Jesse's new book, Never Worry About Money Again: Got a question for Jesse? Send him an email: ...
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Slow Down
The Jesse Mecham Show
In keeping with the theme of last week's episode and reducing your information intake, today Jesse encourages reducing your to-do lists as well. Referencing Oliver Burkeman's , he points out that waiting to relax and engage in leisure until after the to-do list is finished is a futile exercise -- the to-do list will never be finished, the sense of urgency to add more and do more will never relent... until you give yourself the grace to have a "human-sized" to-do list. Then relax, and slow down. In doing so, things will become clear to you in a way they never would in the ceaseless hustle and...
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Information Overload
The Jesse Mecham Show
YNAB is all about creating clarity with your money, and that central question -- what does it need to do? -- and therefore, clarity in your life. Clarity is very difficut, if not impossible, to achieve when you are overloaded and overwhelmed with inputs. Today Jesse challenges you to unhook yourself from the matrix, turn off the feeds, leave social media, and drastically reduce your diet of information. Not just for a week, try it for a year. Maybe two years. When you have fewer inputs into your thought process, you have more time to consider what is important to YOU, without having to...
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The Most Important Thing Is Right In Front of You
The Jesse Mecham Show
Jesse reflects on the technological and cultural sea change underway as AI permeates everyday life. After publishing his new book, , Jesse scheduled the release of the audiobook version -- which he recorded himself in a studio in Salt Lake City -- only to find that someone had already released an audiobook with an AI generated voice clone. There are many such cases nowadays, leading Jesse to wonder -- how do you know whether anything is authentic anymore? Authenticity seems to be becoming a more and more valuable quality in an AI infused world, and how you spend your money is tangled up...
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Ask Jesse: Ditching Credit Cards, Leasing Teslas, What Jesse Eats for Breakfast
The Jesse Mecham Show
In part 3 of the latest installment of Ask Jesse, Jesse reflects on his 2023 experiment of ditching his credit card and spending only with a debit card -- which he stills does today! He also answers a question about what he eats for breakfast, and shares how his experience leasing a Tesla (which he now owns) led to him to realize that his insistence on driving a 2002 Honda Civic was really just pride masquerading as frugality. Got a question for Jesse? Send him an email: Pre-order Jesse's new book! Follow YNAB on social media: Facebook: Instagram: Twitter/X: Tik Tok: ...
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Ask Jesse: Getting Your Partner On Board with YNAB, Kids Savings Accounts, and YNAB'ing with Kids
The Jesse Mecham Show
In part 2 of the latest installment of Ask Jesse, Jesse offers some advice about how to work with a spouse who is reluctant or disinterested in YNAB. He also discusses savings accounts for kids, and how the Mecham family uses YNAB with the kids, at each stage of age and maturity. Got a question for Jesse? Send him an email: Pre-order Jesse's new book! Follow YNAB on social media: Facebook: Instagram: Twitter/X: Tik Tok:
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Ask Jesse: Pre-Tax vs Roth IRA's, Giving Dollars Jobs in Retirement, Saving for Multiple Goals at Once
The Jesse Mecham Show
Jesse's answering questions from his inbox, including questions about which retirement accounts to contribute to, how to save money in retirement when you don't have an income, and how a young person can save for multiple goals at the same time. Got a question for Jesse? Send him an email: Pre-order Jesse's new book! Follow YNAB on social media: Facebook: Instagram: Twitter/X: Tik Tok:
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Never Worry About Money Again (An Excerpt)
The Jesse Mecham Show
Jesse reads a short excerpt from his new book, Never Worry About Money Again. How does it feel to not worry about money day to day? It's not the end of all worry, but the freedom from money worry gives you the space to think about and work through the rest of your life. As Jesse says, the way you spend isn't just a parallel to the rest of your life, it is your life. Pre-order Jesse's new book! Got a question for Jesse? Send him an email: Follow YNAB on social media: Facebook: Instagram: Twitter/X: Tik Tok:
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Signs You Need to Work on Your Money Skills
The Jesse Mecham Show
Pre-order Jesse's new book! Got a question for Jesse? Send him an email: Follow YNAB on social media: Facebook: Instagram: Twitter/X: Tik Tok:
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I Just Wanted a Donut
The Jesse Mecham Show
Jesse shares a story about how one little donut that he passed by every day on his way to class as a struggling college student inspired him to develop a method for managing money that transformed his life, and millions of others by creating YNAB. Pre-order Jesse's new book now! Got a question for Jesse? Send him an email: Follow YNAB on social media: Facebook: Instagram: Twitter/X: Tik Tok:
info_outlineJesse chats with Scott Trench, CEO of BiggerPockets and a real estate investor, about how people can get started with real estate investing and build more wealth. Scott started his working career like many business college graduates, working at a large company as a financial analyst. Early on he stumbled across the Mr. Money Mustache blog, which advocates frugality and saving a large percentage of your income to achieve financial independence. From there, Scott became interested in using real estate to build his personal wealth and reach financial independence earlier in life.
Then, an encounter with the founder of the BiggerPockets website led Scott to a job with the company, and eventually, a chance to steer it as the CEO. Along the way Scott has learned a lot about real estate investing, and purchased and managed several properties. He now uses that knowledge to run the BiggerPockets website, which offers teaching and tools for people new to the real estate market.
Scott also acknowledges the costs and tradeoffs associated with becoming a good real estate investor. He's not shy about the amount of time needed to learn the basics, suggesting around 500 hours of reading and research before considering your first real estate purchase. For some people, like busy specialized professionals (doctors and lawyers for instance) or entrepreneurs running businesses, this time might be too high a cost, and distract from their primary focus. For the right person with patience and diligence, however, real estate investing can be an excellent way to build wealth and achieve financial independence.
BiggerPockets
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