

Ask Jesse: 2025 Edition
Jesse dives into essential questions about managing finances following the loss of a loved one and the importance of strategic planning. He discusses the pros and cons of financing a car versus investing and how to navigate these economic choices wisely. The conversation shifts to transforming financial mindsets, where Jesse shares how language can alter perceptions around money. Additionally, he recommends valuable personal finance books for teenagers, aiming to empower the next generation with essential money management skills.
13:33
Australian Investing Advice
- Seek advice on Reddit for Australian market investing aligned with YNAB principles.
- Jesse suggests this due to limited Australian market knowledge on the podcast.
Car Financing Decision-Making
- Visualize four financial scenarios before deciding on car financing.
- Consider borrowing versus investing inheritance, factoring potential investment fluctuations.
Managing Finances During Job Loss
- During job loss, reduce expenses to bare minimum and use YNAB to track spending.
- Account for every penny, even when using credit cards, to maintain intentionality.
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Intro
00:00 • 2min
Navigating Car Financing and Investment Choices
02:01 • 6min
Transforming Financial Mindsets and Recommended Reads
08:13 • 5min

The Goal
Eliyahu M. Goldratt
The book tells the story of Alex Rogo, a factory manager who is given three months to improve his underperforming plant or face its closure. With the guidance of his former physics professor, Jonah, Alex learns to apply the Theory of Constraints to identify and manage bottlenecks in the production process. Through this approach, Alex and his team transform the factory, improving efficiency, reducing inventory, and increasing profitability. The novel uses the Socratic method to teach fundamental business concepts and emphasizes the importance of continuous improvement and critical thinking in management[2][4][5].

The automatic millionaire
A Powerful One-Step Plan to Live and Finish Rich
David Bach
The Automatic Millionaire by David Bach shares the secret to becoming financially secure by automating savings and debt payments. The book tells the story of an average American couple who, despite a modest income, manage to own two homes debt-free, send their children to college, and retire with over $1 million in savings. Bach's approach stresses the importance of automating financial plans, eliminating high-interest debt, and living frugally while still enjoying life. Key concepts include the 'Latte Factor,' which highlights how small daily expenses can add up, and the necessity of aligning spending with personal values.

I will teach you to be rich
Ramit Sethi
This book, updated for a new era, provides a simple and powerful 6-week program to manage finances. Ramit Sethi focuses on behavioral psychology to help readers save more, earn more, and automate their finances. Key lessons include focusing on big wins rather than small savings, automating financial tasks, and spending guilt-free on things you love while cutting back on unnecessary expenses. The book also covers topics like crushing debt, setting up high-interest bank accounts, and long-term investing in index funds.

Rich Dad Poor Dad
What the Rich Teach Their Kids about Money - That the Poor and the Middle Class Do Not
C.P.A. Sharon L. Lechter
Robert Kiyosaki
The book tells the story of Robert Kiyosaki's two fathers: his 'poor dad,' a highly educated but fiscally poor man, and his 'rich dad,' the father of his best friend who was a successful entrepreneur. It emphasizes the importance of financial education, distinguishing between assets and liabilities, and building wealth through investing in assets such as real estate and businesses. Kiyosaki argues that a good education and a secure job are not guarantees for financial success and provides practical lessons on how to make money work for you rather than working for money[1][3][5].

A Random Walk Down Wall Street
Burton G. Malkiel
In this book, Burton G. Malkiel argues that stock market prices are essentially random and unpredictable, aligning with the efficient market hypothesis. He discusses historical financial bubbles, the futility of trying to beat the market through technical or fundamental analysis, and the importance of a diversified portfolio. The book also covers various investing techniques and theories, including modern portfolio theory, and advises investors to adopt a long-term, disciplined approach to investing.

Deep Work
Rules for Focused Success in a Distracted World
Cal Newport
In 'Deep Work', Cal Newport argues that the ability to perform deep work—professional activities in a state of distraction-free concentration—is becoming increasingly valuable in our economy. The book is divided into two parts: the first part explains why deep work is valuable, rare, and meaningful, while the second part presents four rules to transform your mind and habits to support this skill. These rules include 'Work Deeply', 'Embrace Boredom', 'Quit Social Media', and 'Drain the Shallows'. Newport provides actionable advice and examples from various successful individuals to help readers master the skill of deep work and achieve groundbreaking results.

You Don't Need a Budget
Dana Miranda

Antifragile
Things That Gain from Disorder
Nassim Nicholas Taleb
Albino Santos Mosquera
Genís Sánchez Barberán
In 'Antifragile', Nassim Nicholas Taleb delves into the concept of antifragility, arguing that some systems not only withstand stress and disorder but actually benefit from them. The book builds on ideas from his previous works, such as 'Fooled by Randomness' and 'The Black Swan', and is part of his five-volume philosophical treatise on uncertainty, 'Incerto'. Taleb provides examples from various fields, including science, economics, and history, to illustrate how antifragility can be achieved and how it contrasts with fragility and robustness. He also discusses strategies like the barbell strategy and optionality, and critiques modern society's attempts to eliminate volatility, which he believes are harmful. The book is praised for its revolutionary ideas and multidisciplinary approach, though it has also received criticism for its style and some of the author's views on mental health and other topics.

Influence
The Psychology of Persuasion
Robert Cialdini
In this highly acclaimed book, Dr. Robert B. Cialdini explains the psychology behind why people say yes and how to apply these insights ethically. The book outlines six universal principles of influence: Reciprocation, Commitment and Consistency, Social Proof, Liking, Authority, and Scarcity. The new and expanded edition includes a seventh principle, Unity, along with new research, insights, and examples. Cialdini uses memorable stories and relatable examples to make the subject accessible and easy to understand, helping readers become more skilled persuaders and defend themselves against unethical influence attempts.

Traction
Get a Grip on Your Business
Gino Wickman
In Traction, Gino Wickman provides a systematic approach to achieving business success through the Entrepreneurial Operating System (EOS). The book focuses on six key components: Vision, People, Data, Issues, Process, and Traction. It helps business leaders clarify their vision, align their leadership team, solve common business problems, and foster healthy communication and discipline within the organization. The EOS system is designed to help businesses overcome frustrations such as lack of control, people issues, insufficient profit, hitting the ceiling, and feeling stuck. The book offers practical tools, real-world examples, and actionable strategies to drive sustainable growth and improve business operations.

How will you measure your life?
Clayton M. Christensen
In 'How Will You Measure Your Life?', Clayton M. Christensen, along with co-authors James Allworth and Karen Dillon, explores how business principles can be applied to personal life to achieve happiness and fulfillment. The book addresses three key questions: how to ensure happiness in one's career, how to build enduring relationships with family and friends, and how to maintain integrity. Christensen emphasizes the importance of allocating time and energy wisely, avoiding the trap of short-term gains, and focusing on long-term personal and relational investments. He also discusses the 'jobs to be done' concept, encouraging readers to understand and fulfill the emotional needs of those in their lives[2][4][5].

How to Win Friends and Influence People
Dale Carnegie
First published in 1936, 'How to Win Friends and Influence People' by Dale Carnegie is a timeless guide to improving interpersonal skills. The book is divided into four main sections: Six Ways to Make People Like You, Twelve Ways to Win People to Your Way of Thinking, and Nine Ways to Change People Without Giving Offense or Arousing Resentment. Carnegie's principles emphasize the importance of genuine interest in others, active listening, and avoiding criticism and argument. The book offers practical advice on how to build strong relationships, communicate effectively, and influence others by aligning their self-interest with yours. It has been a cornerstone of personal development and business success for generations[2][3][5].

The Magic Of Thinking Big
David J. Schwartz
This book, first published in 1959, offers a comprehensive guide on how to think positively and achieve success in various aspects of life. It emphasizes the importance of believing in oneself, overcoming fear and excuses, and developing creative thinking and confident attitudes. The book is filled with real-life case histories and practical techniques to help readers apply these principles to their own lives, aiming to improve their job performance, relationships, and overall satisfaction[1][3][4].

The Little Book of Common Sense Investing
John Bogle

Mindset
The New Psychology of Success
Carol S. Dweck
In this book, Carol S. Dweck introduces the concept of two mindsets: the fixed mindset and the growth mindset. People with a fixed mindset believe their abilities are static, while those with a growth mindset believe their abilities can be developed through effort and learning. Dweck shows how these mindsets influence success in school, work, sports, and personal relationships. She also discusses how to adopt a deeper, truer growth mindset, and how this can transform individual and organizational cultures. The book emphasizes the importance of perseverance, learning from failures, and embracing challenges as key components of the growth mindset[1][2][5].

Your money or your life
Joseph R. Dominguez
Joe Dominguez
Vicki Robin
This book offers a holistic approach to personal finance, encouraging readers to view money as a form of 'life energy' and to align their spending with their values. It provides nine steps to help readers stop living paycheck to paycheck, get out of debt, and achieve financial independence. Key concepts include calculating net worth, evaluating the life energy spent on work, and investing wisely. The authors emphasize the importance of finding one's 'point of enough' and living a more deliberate, meaningful life[1][3][5].
Jesse cracks open his inbox for another round of Ask Jesse. In today's episode he fields questions about YNAB'ing through job loss, financing a car and investing the float, and what personal finance books he recommends for kids.
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