![]() ![]() We would lose that.Īnd the other non-negotiable that we had is we did not want to borrow money for me to finish school. So we would lose her full-time, albeit fairly meager full-time income. One was, a baby was on the way and Julie wanted to be able to just step out of the workforce and focus on being a mom. We had saved and saved and saved and we were living so, so cheap, and we weren’t going to have enough to be able to do two things that were really important to us. And after using that for about a year, I could see that it was working, but we just still didn’t have enough. So I had built a spreadsheet for Julie and me to use just to make sure we were monitoring our own spending. So I just knew that things were going to be super tight. And Julie, my wife, was wrapping up a social work degree where her job prospects were like 11 bucks an hour or something like that. I still had three years of school to finish a master’s degree in accounting. My wife and I, we’ve been married just about 19 years now, but we had just gotten married and we were both working student jobs at the university, super low paying jobs, like nine, $10 an hour in that range. Honestly, my main motivation, to be super frank, was money. Yeah, that is crazy to think how long ago it is. ![]() What led you to starting YNAB all the way back in 2004, which was now over 17 years ago? I think the listeners and the audience will enjoy learning about your background as you have a very humble beginning. For this one, I wanted to dive into your journey, starting with your company, YNAB, or You Need A Budget. You were previously on the Millennial Investing Podcast a year ago, back on episode 80 with Robert Leonard, for listeners that would like to check out that episode. Jesse, pleasure having you back on the show. Hey, everyone, welcome to the Millennial Investing Podcast. You’re listening to Millennial Investing, by The Investor’s Podcast Network, where your hosts, Robert Leonard and Clay Finck interview successful entrepreneurs, business leaders, and investors to help educate and inspire the millennial generation. I sincerely hope you enjoy today’s episode as much as I did, with Jesse Mecham. I will most definitely be revisiting this episode in the future as Jesse is someone I really look up to myself. When Jesse started YNAB, he would work on his business part time from 4:00 to 5:00 AM while working his full-time job 80 hours a week. I find Jesse’s story to be really inspirational. Jesse is deeply passionate about teaching individuals, families, and business owners YNAB’s four rules to help them gain total control of their money, which Jesse will be covering for us a little bit later.ĭuring our conversation, I chat with Jesse about what led him to start his business in 2004 while he’s still in college, when Jesse knew it was time to quit his full-time accounting career to go all in on his business, what is and what is not a budget, whether budgets are for everyone or not, even those with high incomes and high savings rates, why it’s important to look at an investor’s overall financial situation when assessing their own strategy, and much more. Jesse also hosts the You Need A Budget Podcast, The Beginning Balance Podcast, and is The Wall Street Journal bestselling author of You Need A Budget. Jesse is the founder of You Need A Budget or YNAB, and is also a personal finance expert and business leader. So, one question that I often ask myself, and it’s not a question I invented, but just, “Will this move the needle? Will this move the needle?” And you’ll find as you’re trying to grow a podcast or market a book or build a blog or whatever it is, you’ll find that what moves the needle is you doing uncomfortable things like asking for things. We do that where we feel like we use busyness as an indicator of production, where it’s not, we’re just spinning our wheels. We strive to be as accurate as possible, but minor errors and slightly off timestamps may be present due to platform differences. Disclaimer: The transcript that follows has been generated using artificial intelligence. ![]()
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |