Giving Every Dollar a Job

9min Snip

00:00

Play full episode

Summary

Transcript

Episode notes

This chapter emphasizes the importance of assigning a specific purpose to every dollar and how it helps individuals prioritize their spending and feel in control of their finances.

In this MI Rewind Episode, Robert Leonard chats with Jesse Mecham to talk about how abiding by simple budgeting can set you up for success in the future. Jesse founded You Need A Budget (YNAB) in 2004 while he was still in college. YNAB has grown into a leading software and proven method that helps its users get out of debt and have more control over their money.

IN THIS EPISODE YOU’LL LEARN:

00:00 - Intro

01:43 - How the idea of You Need A Budget came to be.

02:50 - If you need to raise capital to start a business.

04:31 - What is the Four-Rule Method of budgeting, and why it works?

17:30 - How can you roll with the punches when it comes to budgeting?

20:04 - Why budgeting is crucial to being a successful investor.

22:11 - What does it mean to age your money?

And much, much more!

BOOKS AND RESOURCES

Join the exclusive TIP Mastermind Community to engage in meaningful stock investing discussions with Kyle and the other community members.
Check out You Need A Budget.
JL Collin’s book The Simple Path to Wealth.
Thomas Stanley and William Danko’s book The Millionaire Next Door.
Ramit Sethi’s book I Will Teach You To Be Rich.
Erin Lowry’s book Broke Millennial.
Check out the books mentioned in the podcast here.

NEW TO THE SHOW?

Follow our official social media accounts: X (Twitter) | LinkedIn | Instagram | Facebook | TikTok.
Check out our Millennial Investing Starter Packs.
Browse through all our episodes (complete with transcripts) here.
Try Kyle's favorite tool for picking stock winners and managing our portfolios: TIP Finance.
Enjoy exclusive perks from our favorite Apps and Services.
Stay up-to-date on financial markets and investing strategies through our daily newsletter, We Study Markets.
Learn how to better start, manage, and grow your business with the best business podcasts.