Ask Jesse: Tracking 401k in YNAB, Early Retirement Budgeting, Advisors, and More
Release Date: 12/12/2022
I Am Not Even a Little Bit Frugal. Here's Why
The YNAB Podcast
Jesse grew up in a frugal family -- frugality for frugality's sake, as he describes it. As he has grown, discovered the YNAB method, and worked the four rules, he has come to a conclusion -- he is not even a little frugal! Frugality implies thrift, spending little money so as to conserve the resource. The idea is that spending money frugally is an effort to not waste money. YNAB's four rules help you identify the things that matter in your life, however, the things you do want to spend money on. And once you have identified those things, Jesse challenges you to double down and spend...
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What If Being Good At Money Is Just Skill Acquisition?
The YNAB Podcast
It's common parlance to say someone is "good with money," but it's often said in a way that suggests some people are innately gifted with money management skills. Jesse punches back at this supposition. He argues that becoming good with money is a skill, and skills are acquired through habit -- stringing together a lot of days with good money decisions until the good decisions become second nature. You don't have to be perfect either! Jesse cites his favorite definition of intelligence, which is error correction, i.e. someone who makes an error, realizes the error, and then fixes it,...
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Infinitely Finite
The YNAB Podcast
Most folks do a lot of mental math with their money. They see something they want to buy, they check their bank balance, and start doing some mental math on what other things that balance needs to be able to pay for before they buy the thing. The problem is, mental math gets very sloppy very quickly! Life is often just too complex, with too many variables to be able to hold all your future spending needs in your head at all times. It's too easy to spend the same dollar many times over when you rely on mental math. YNAB helps you do money differently. YNAB gives you a simple four step...
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Know Thyself
The YNAB Podcast
Sometimes YNAB'ers talk about money being "boring." That is, working the Four Rules patientily, consistently, until managing your money becomes another daily habit. As Jesse sees it, however, there's nothing boring about working the method. Each time you work the method, and follow the four rules, you learn more about yourself and what you want your money to do for you. And there's nothing boring about you! Get your tickets to YNAB Fan Fest 2025! Coming to San Diego, Minneapolis, and NYC. Tickets will go on sale on 11/18/2024 here: Got a question for Jesse? Send him an...
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YNAB: The Long Con
The YNAB Podcast
It is generally accepted that the market is driven by demand. What if YNAB was really just a long con to generate demand for quality goods and services... like toasters? Got a question for Jesse? Send him an email: Sign up for a free 34-day trial of YNAB at Follow YNAB on social media: Facebook: Instagram: Twitter/X: Tik Tok:
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Ask Jesse: Reading Habits, Debit Card Update, and More!
The YNAB Podcast
Jesse's back with another round of Ask Jesse, where he answers questions in his inbox. In today's episode, Jesse discusses his recent engagement with Marx's Das Kapital (he gave up on it), gives an update on his debit and credit card usage, and explains how too much awareness around your investments can end up be a negative. Got a question for Jesse? Send him an email: Sign up for a free 34-day trial of YNAB at Follow YNAB on social media: Facebook: Instagram: Twitter/X: Tik Tok:
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Error Correction
The YNAB Podcast
One of Jesse's takeaway from the recent YNAB Fan Fest in Salt Lake City is that YNAB'ers are good at iterating. They make a plan for their money, spend the money, and reflect on whether the spending was on things they were really looking for. Then, they adjust the plan. In the process, they're not just learning how to manage money, they're learning more about themselves. Got a question for Jesse? Send him an email: Sign up for a free 34-day trial of YNAB at Follow YNAB on social media: Facebook: Instagram: Twitter/X: Tik Tok:
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Wielding Money Against Yourself
The YNAB Podcast
We've all done it before, saying something to the effect of: "I'd love to do X, if only I could afford it." We have all cited money as the reason we haven't done something, or bought something we say we wanted. The next time you catch yourself saying this, Jesse urges you to stop and examine why it is you are blaming money for the reason you can't do (or buy) the thing. Is it because you really want to do/buy it, or because you're seeking escape from some other uncomfortable part of your life? If you really DO want the thing, but you're blaming lack of money for it, perhaps you are feeling...
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What YNAB REALLY Does For You
The YNAB Podcast
Bigger bank account balances, paying off debt, saving marriages... these are all things thousands of YNAB'ers have praised YNAB for helping them accomplish. But it's not what YNAB is about. Jesse explains: YNAB is really about getting to know yourself better, and making better spending decisions as a result. It's about reducing the second guessing in your life, and spending your money in perfect alignment with you. Got a question for Jesse? Send him an email: Sign up for a free 34-day trial of YNAB at Follow YNAB on social media: Facebook: Instagram: Twitter/X: ...
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The Paradox of Money
The YNAB Podcast
Using YNAB reveals a paradox about money -- the more you engage with it, and spend time and energy on it, the more it gets out of the way and just let's you live your life. Money is you, so learning how to manage it really means learning more about yourself and becoming more in tune with your desires, your values, and your priorities. Got a question for Jesse? Send him an email: Sign up for a free 34-day trial of YNAB at Follow YNAB on social media: Facebook: Instagram: Twitter/X: Tik Tok:
info_outlineJesse answers a grab-bag of questions from listeners, including whether it's a good idea to track 401k investments in YNAB (it's not), how to budget for early retirement, good books for learning how to to invest, and more.
Got a question for Jesse? Send him an email:
Sign up for a free 34-day trial of YNAB at www.youneedabudget.com