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Innehåll tillhandahållet av YNAB and Jesse Mecham. Allt poddinnehåll inklusive avsnitt, grafik och podcastbeskrivningar laddas upp och tillhandahålls direkt av YNAB and Jesse Mecham eller deras podcastplattformspartner. Om du tror att någon använder ditt upphovsrättsskyddade verk utan din tillåtelse kan du följa processen som beskrivs här https://sv.player.fm/legal.
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What If Being Good At Money Is Just Skill Acquisition?

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Innehåll tillhandahållet av YNAB and Jesse Mecham. Allt poddinnehåll inklusive avsnitt, grafik och podcastbeskrivningar laddas upp och tillhandahålls direkt av YNAB and Jesse Mecham eller deras podcastplattformspartner. Om du tror att någon använder ditt upphovsrättsskyddade verk utan din tillåtelse kan du följa processen som beskrivs här https://sv.player.fm/legal.

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, demonstrates intelligence. It turns out, error correction is built into YNAB's four habits: rolling with the punches is the process of reacting to new circumstances by reallocating money as needed. Then, in the future you can plan for those new circumstances by embracing them as part of your true expenses (habit #2).

Next time you catch yourself thinking "I'm not good with money," focus on making one good decision, then another the next day, then correcting your errors... until it becomes another skill you have acquired!

Get your tickets to YNAB Fan Fest 2025! Coming to San Diego, Minneapolis, and NYC. Tickets are ON SALE NOW:

YNAB.com/events

Got a question for Jesse? Send him an email:

askjesse@ynab.com

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

Follow YNAB on social media:

Facebook: @ynabofficial

Instagram: @ynab.official

Twitter/X: @ynab

Tik Tok: @ynabofficial

  continue reading

744 episoder

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What If Being Good At Money Is Just Skill Acquisition?

The YNAB Podcast

2,301 subscribers

published

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Manage episode 451828392 series 10755
Innehåll tillhandahållet av YNAB and Jesse Mecham. Allt poddinnehåll inklusive avsnitt, grafik och podcastbeskrivningar laddas upp och tillhandahålls direkt av YNAB and Jesse Mecham eller deras podcastplattformspartner. Om du tror att någon använder ditt upphovsrättsskyddade verk utan din tillåtelse kan du följa processen som beskrivs här https://sv.player.fm/legal.

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, demonstrates intelligence. It turns out, error correction is built into YNAB's four habits: rolling with the punches is the process of reacting to new circumstances by reallocating money as needed. Then, in the future you can plan for those new circumstances by embracing them as part of your true expenses (habit #2).

Next time you catch yourself thinking "I'm not good with money," focus on making one good decision, then another the next day, then correcting your errors... until it becomes another skill you have acquired!

Get your tickets to YNAB Fan Fest 2025! Coming to San Diego, Minneapolis, and NYC. Tickets are ON SALE NOW:

YNAB.com/events

Got a question for Jesse? Send him an email:

askjesse@ynab.com

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

Follow YNAB on social media:

Facebook: @ynabofficial

Instagram: @ynab.official

Twitter/X: @ynab

Tik Tok: @ynabofficial

  continue reading

744 episoder

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If you have been procrastinating about starting to manage your money, Jesse has a message for you. It's ok to start now, and start small -- and you don't have to be perfect either! Jesse has been using the YNAB method to manage his money for twenty years now, and he still hasn't reached perfection. But, he has become more in tune with his spending and learned how to create more joy in his life as a result, and he's helped millions of other people to do the same through YNAB. Jump in! Tickets to YNAB Fan Fest 2025 are on sale now! Coming to San Diego, Minneapolis, and NYC: YNAB.com/events Got a question for Jesse? Send him an email: askjesse@ynab.com Sign up for a free 34-day trial of YNAB at www.youneedabudget.com Follow YNAB on social media: Facebook: @ynabofficial Instagram: @ynab.official Twitter/X: @ynab Tik Tok: @ynabofficial…
 
Every year Jesse experiments with his money. In 2023 he decided to ditch his credit cards, and he continued that experiment through 2024. The result? His average bank account balance is up 18%, his time spent maintaining YNAB is down, and most importantly, money is simpler . He doesn't even miss the points and cashback rewards! Tickets to YNAB Fan Fest 2025 are on sale now! Coming to San Diego, Minneapolis, and NYC: YNAB.com/events Got a question for Jesse? Send him an email: askjesse@ynab.com Sign up for a free 34-day trial of YNAB at www.youneedabudget.com Follow YNAB on social media: Facebook: @ynabofficial Instagram: @ynab.official Twitter/X: @ynab Tik Tok: @ynabofficial…
 
It's almost the New Year, and that means it's time to make resolutions! Jesse loves resolutions, goals, and goal planning, and he has some advice for you this year. Before you start setting your goals for next year, do this simple vision exercise first. Imagine that money is no object, and you have unlimited funds to work with. What would you like to do next year? What kind of things would you need to arrange in your life to make that happen? Remember money is not an issue here -- if you need to hire someone to take care of certain tasks for you, or buy something to improve your efficiency, or anything else you can think of, you can do it! Write these things down on a sheet of paper. You have already started the process of thinking about where to spend your energy in the New Year, and wherever your energy is going, your money should be too. Now, when you bring reality back in, which means limited funds and resources, you have a clearer idea of where to focus those resources in order to help you reach your goals. Happy New Year! Tickets to YNAB Fan Fest 2025 are on sale now! Coming to San Diego, Minneapolis, and NYC: YNAB.com/events Got a question for Jesse? Send him an email: askjesse@ynab.com Sign up for a free 34-day trial of YNAB at www.youneedabudget.com Follow YNAB on social media: Facebook: @ynabofficial Instagram: @ynab.official Twitter/X: @ynab Tik Tok: @ynabofficial…
 
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 do next Christmas (not just gifts, but travel and cooking) and add up how much you think you'll spend. Divide it by twelve, and that's your bill to be paid each month between now and December 25, 2025. Then you can spend your money in a way Scrooge never could -- on gifts and family and generosity. Merry Christmas! Tickets to YNAB Fan Fest 2025 are on sale now! Coming to San Diego, Minneapolis, and NYC: YNAB.com/events Got a question for Jesse? Send him an email: askjesse@ynab.com Sign up for a free 34-day trial of YNAB at www.youneedabudget.com Follow YNAB on social media: Facebook: @ynabofficial Instagram: @ynab.official Twitter/X: @ynab Tik Tok: @ynabofficial…
 
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 most important thing about money -- how you will spend it! After all, money has to be spent to be useful, whether you spend it now or save it to spend later. Saving until you hit a magic number doesn't help you get closer to figuring out what you want your money to do for you, and therefore how you should spend it. Tickets to YNAB Fan Fest 2025 are on sale now! Coming to San Diego, Minneapolis, and NYC: YNAB.com/events Got a question for Jesse? Send him an email: askjesse@ynab.com Sign up for a free 34-day trial of YNAB at www.youneedabudget.com Follow YNAB on social media: Facebook: @ynabofficial Instagram: @ynab.official Twitter/X: @ynab Tik Tok: @ynabofficial…
 
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: YNAB.com/events Got a question for Jesse? Send him an email: askjesse@ynab.com Sign up for a free 34-day trial of YNAB at www.youneedabudget.com Follow YNAB on social media: Facebook: @ynabofficial Instagram: @ynab.official Twitter/X: @ynab Tik Tok: @ynabofficial…
 
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 more on the things that matter to you. As he has mentioned in other episodes, money is just an extension of you, and if money is you, then why would you want less of you in the world? So Jesse is not frugal. Not even a little bit! Get your tickets to YNAB Fan Fest 2025! Coming to San Diego, Minneapolis, and NYC. Tickets are ON SALE NOW: YNAB.com/events Got a question for Jesse? Send him an email: askjesse@ynab.com Sign up for a free 34-day trial of YNAB at www.youneedabudget.com Follow YNAB on social media: Facebook: @ynabofficial Instagram: @ynab.official Twitter/X: @ynab Tik Tok: @ynabofficial…
 
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, demonstrates intelligence. It turns out, error correction is built into YNAB's four habits: rolling with the punches is the process of reacting to new circumstances by reallocating money as needed. Then, in the future you can plan for those new circumstances by embracing them as part of your true expenses (habit #2). Next time you catch yourself thinking "I'm not good with money," focus on making one good decision, then another the next day, then correcting your errors... until it becomes another skill you have acquired! Get your tickets to YNAB Fan Fest 2025! Coming to San Diego, Minneapolis, and NYC. Tickets are ON SALE NOW: YNAB.com/events Got a question for Jesse? Send him an email: askjesse@ynab.com Sign up for a free 34-day trial of YNAB at www.youneedabudget.com Follow YNAB on social media: Facebook: @ynabofficial Instagram: @ynab.official Twitter/X: @ynab Tik Tok: @ynabofficial…
 
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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 method for identifying all the things your money needs to do for you now, the major things it needs to do for you in the future, and, over time, getting you to start paying next month's bills with today's money so you can finally get ahead . 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: YNAB.com/events Got a question for Jesse? Send him an email: askjesse@ynab.com Sign up for a free 34-day trial of YNAB at www.youneedabudget.com Follow YNAB on social media: Facebook: @ynabofficial Instagram: @ynab.official Twitter/X: @ynab Tik Tok: @ynabofficial…
 
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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: YNAB.com/events Got a question for Jesse? Send him an email: askjesse@ynab.com Sign up for a free 34-day trial of YNAB at www.youneedabudget.com Follow YNAB on social media: Facebook: @ynabofficial Instagram: @ynab.official Twitter/X: @ynab Tik Tok: @ynabofficial…
 
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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: askjesse@ynab.com Sign up for a free 34-day trial of YNAB at www.youneedabudget.com Follow YNAB on social media: Facebook: @ynabofficial Instagram: @ynab.official Twitter/X: @ynab Tik Tok: @ynabofficial…
 
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: askjesse@ynab.com Sign up for a free 34-day trial of YNAB at www.youneedabudget.com Follow YNAB on social media: Facebook: @ynabofficial Instagram: @ynab.official Twitter/X: @ynab Tik Tok: @ynabofficial…
 
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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: askjesse@ynab.com Sign up for a free 34-day trial of YNAB at www.youneedabudget.com Follow YNAB on social media: Facebook: @ynabofficial Instagram: @ynab.official Twitter/X: @ynab Tik Tok: @ynabofficial…
 
We've all done it before, saying something to the effect of: "I'd love to do X, if only I could afford it." We have all cited money as the reason we haven't done something, or bought something we say we wanted. The next time you catch yourself saying this, Jesse urges you to stop and examine why it is you are blaming money for the reason you can't do (or buy) the thing. Is it because you really want to do/buy it, or because you're seeking escape from some other uncomfortable part of your life? If you really DO want the thing, but you're blaming lack of money for it, perhaps you are feeling frustration that you have allowed less important priorities to get in the way of saving for the thing. Whatever it is, money is not a good excuse for not doing something you really want to do. But, we blame money because there is some real friction we are experiencing, so it's worth honoring the feeling and digging deeper to figure out what's driving it. In that way, we can stop wielding money against ourselves and allow money to work with ourselves. Got a question for Jesse? Send him an email: askjesse@ynab.com Sign up for a free 34-day trial of YNAB at www.youneedabudget.com Follow YNAB on social media: Facebook: @ynabofficial Instagram: @ynab.official Twitter/X: @ynab Tik Tok: @ynabofficial…
 
Bigger bank account balances, paying off debt, saving marriages... these are all things thousands of YNAB'ers have praised YNAB for helping them accomplish. But it's not what YNAB is about. Jesse explains: YNAB is really about getting to know yourself better, and making better spending decisions as a result. It's about reducing the second guessing in your life, and spending your money in perfect alignment with you . Got a question for Jesse? Send him an email: askjesse@ynab.com Sign up for a free 34-day trial of YNAB at www.youneedabudget.com Follow YNAB on social media: Facebook: @ynabofficial Instagram: @ynab.official Twitter/X: @ynab Tik Tok: @ynabofficial…
 
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