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Ask Jesse: Tracking 401k in YNAB, Early Retirement Budgeting, Advisors, and More

The YNAB Podcast

Release Date: 12/12/2022

Don't Scrooge Yourself Next Christmas show art Don't Scrooge Yourself Next Christmas

The YNAB Podcast

Ebenezer Scrooge is a classic Christmas tale, a tragic character who lets his insatiable desire for money blind him to the circumstances of the people around him -- particularly his employees -- and the spirit of the Christmas holiday. He didn't even seem to enjoy spending his wealth, only the accumulation of it. While Scrooge is not a good role model for generosity or charity, he did always pay his bills on time.   Next Christmas you can give yourself a bill, or rather give yourself a bill now, and every month between now and next Christmas! Think of the things you want to buy and...

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Why FIRE is a Form of Procrastination show art Why FIRE is a Form of Procrastination

The YNAB Podcast

The FIRE movement, which stands for "Financial Independence, Retire Early," has a long-lived and strong fan base on the internet. The idea behind FIRE is simple: figure out how much money you need to live on each year, then calculate how much money you would need to save up in order to live on the returns from your portfolio indefinitely. Once you hit your number, BAM! You're retired, and live happily after ever. Right?   Jesse sees this idea as, ultimately, just another form of procrastination about money. When you put all your focus on the number you need to retire, you forget about the...

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To Those Who Feel A Bit Behind show art To Those Who Feel A Bit Behind

The YNAB Podcast

It's not too late! The first rule of YNAB's Four Rules is "give every dollar a job," and you can implement it right now. Take a look at your bank account balance, and think to yourself: what does this money need to do for me right now? What does it need to do for me in the future? Now you have started thinking about your future self, and being proactive. This simple step can change your life!   Tickets to YNAB Fan Fest 2025 are on sale now! Coming to San Diego, Minneapolis, and NYC:   Got a question for Jesse? Send him an email:   Sign up for a free 34-day trial of YNAB at ...

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I Am Not Even a Little Bit Frugal. Here's Why show art 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? show art 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 show art 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 show art 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 show art 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! show art 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 show art 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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More Episodes

Jesse 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:

[email protected]

 

Sign up for a free 34-day trial of YNAB at www.youneedabudget.com