Clay Finck chats with Jesse Mecham about what led him to start his business in 2004 while he was still in college, when Jesse knew if 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, why it’s important to look at an investor’s overall financial situation when assessing their strategy, and much more! Jesse Mecham is the Founder of You Need A Budget (YNAB) as well as a personal finance expert and business leader. Jesse hosts the You Need A Budget Podcast, the Beginning Balance Podcast and is the Wall Street Journal best-selling author of, You Need A Budget. (He’s nothing if not consistent!) A self-proclaimed “recovering CPA,” he is deeply passionate about teaching individuals, families, and business owners YNAB’s Four Rules to help them gain total control of their money. IN THIS EPISODE, YOU’LL LEARN: 00:00 - Intro 00:14 - What led Jesse to start his business in 2004 while he was in college 02:42 - How his business has changed and evolved over the years 04:35 - When Jesse knew it was time to quit his full-time accounting career to go all in on his business 15:33 - What is, and what is not a budget 20:47 - Whether a budget is for everyone, even those with high incomes and high savings rates 27:05 - YNAB’s four money rules 36:13 - Why it’s important to look at someone’s whole financial situation when trying to compare it to your own investing strategy 39:24 - What Jesse’s personal portfolio looks like 45:06 - Jesse’s favorite books 📌 Get your first 3 months of investment management with Titan for zero fees! https://www.titan.com/TIP ✔️ Subscribe to Millennial Investing podcast show: https://open.spotify.com/show/7dnn22EWyo6MLsPaR492BM 🖊️ Access our free show notes and transcript here: https://www.theinvestorspodcast.com/millennial-investing/building-a-business-and-budgeting 🎁 Enter the Millennial Investing Giveaway here: http://sociali.io/lp/128545/MI 📖 BOOKS MENTIONED: - Traction by Gino Wickman: https://amzn.to/3hd5qWj - High Output Management by Andrew S. Grove: https://amzn.to/352nf8m - The Hard Thing About Hard Things by Ben Horowitz: https://amzn.to/35kmVkZ - Your Money or Your Life by Vicki Robin: https://amzn.to/3ImVrK5 - The Richest Man in Babylon by George S. Clason: https://amzn.to/3t1o890 - Antifragile by Nassim Nicholas Taleb: https://amzn.to/3HdHo8d - Four Thousand Weeks by Oliver Burkeman: https://amzn.to/3hbfdwi Disclosure: Some of the links above are affiliate links that we may earn commission from. This helps keep our show going! 😀 ▶️ RELATED EPISODES: - To Be A Successful Investor, You Need A Budget w/ Jesse Mecham: https://www.theinvestorspodcast.com/millennial-investing/investing-and-budgeting-jesse-mecham/ 💡 OTHER RESOURCES - Check out You Need a Budget: http://ynab.com - Check out YNAB’s YouTube channel: https://bit.ly/3BPTi79 - Robert and Clay’s tool for picking stock winners and managing our portfolios, TIP Finance: https://www.theinvestorspodcast.com/tip-finance/ - Check out our Investing Starter Packs about business and finance: https://www.theinvestorspodcast.com/mi-starter-packs/ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ LISTEN 🎧 TO OTHER SHOWS FROM OUR NETWORK: ₿ If you're interested in Bitcoin, checkout our Bitcoin Fundamentals podcast show: https://youtube.com/playlist?list=PL_xlkwLDH1F8wOLjjwNCM5B1qFdrtTdTZ 📚 Dive into value investing and learn more about billionaires with our We Study Billionaires podcast show: https://youtube.com/playlist?list=PL_xlkwLDH1F9dDPFYGAHRbrWoToCe2uoU 🏘 Learn the ins and outs of real estate investing with our Real Estate 101 podcast show: https://youtube.com/playlist?list=PL_xlkwLDH1F8Yw_8xO2nk-RD7fhb3yktn 💸 Get introduced to the world of investing with our Millennial Investing podcast show: https://youtube.com/playlist?list=PL_xlkwLDH1F_p00VYv3psJ8rhDAGOvR5W ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ FOLLOW US ON SOCIAL MEDIA📱: 💻 Facebook: https://www.facebook.com/groups/theinvestorspodcast/ 👔 Linkedin: https://www.linkedin.com/company/the-investor's-podcast/ 🐦 Twitter: https://twitter.com/TIP_Network ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ 📥 Download Stig & Preston's 1-page checklist for finding great stock picks: https://www.theinvestorspodcast.com/form-youtube-checklist/ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ❗ DISCLAIMER: This show is for entertainment purposes only. Before making any decisions consult a professional. This show is copyrighted by The Investor’s Podcast Network. Written permission must be granted before syndication or rebroadcasting.