Making Good Decisions in Personal Finance | 9min snip from The Intrinsic Value Podcast

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MI Rewind: To Be A Successful Investor, You Need A Budget w/ Jesse Mecham

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CHAPTER

Making Good Decisions in Personal Finance

This chapter explores the importance of time in personal finance decisions, implementing budgeting strategies, and using credit cards. It also discusses challenges in the real estate market and mentions sponsors like Fundrise, HelloFresh, and NetSuite.

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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.

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SPONSORS

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Fundrise
NetSuite

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