April Podcast Roundup

From taxes to IRAs, and patience to happiness, we talked a lot about retirement this month.  We hope you enjoyed April’s podcasts!

076 – Taxes and Timing – Having the choice to create a taxable event (or avoid one) is extremely powerful when it comes to minimizing your life’s single biggest expense.

077 – Why Roths are Better than Regular IRAs – This is the end of that debate.

078 – The Black Box of Spending – Your “Miscellaneous” category is a black box of spending. Is that spending a reflection of your values? Or are you being lazy? And should you care anyway? We discuss :)

079 – Patience – The pathway to wealth is paved with patience.

080 – The Idea of Retirement is Really Starting to Bug Me – This should probably just be a replay of my interview with Leo from ZenHabits.net.  The key to money (and probably everything else in life) is to be happy in the moment.

If you want to subscribe to the podcast, you can do so over at iTunes, or through this RSS link.

Jesse on Retirement: “The Whole Idea is Starting to Bug Me”

“You pile up enough tomorrows,
and you’ll find you’ve collected
a lot of empty yesterdays.”
- Professor Harold Hill, The Music Man

The following is a transcription of YNAB podcast episode 80 (with some small edits for flow). Make sure you subscribe to the podcast to get Jesse’s weekly take on budgeting and personal finance.

We’ve been talking a lot – especially since I launched that investment course – about saving for retirement (or other things). And in that course I talked about how the purpose of investing is to grow your wealth. Period.

And…to become, oh, what’s the word, like a fat-cat type person. People are sometimes bothered by the idea of wealth because sometimes they see wealth being wasted, or being used flamboyantly (if that’s the right word) – for show, for selfish reasons.

But wealth does an awful lot of good – especially on a micro level: wealth for your kids – to provide them a great education, or to provide the necessities of life to people, or just to give to worthy causes, or to pay for your daughter’s (modest) wedding.

Wealth isn’t bad it all. The investment side of things focuses a ton on retirement and it’s starting to kind of bug me. Mark’s been writing on the blog about how he wants to move – well not wants to move – but running the numbers on moving to a 2-bedroom apartment instead of having his house, and it would mean $200,000 in ten years, and that could go toward retirement.

And then people came back with all sorts of insightful commments about how there are all sorts of other factors besides just the savings and investing for retirement.

In the investing course I really push people hard toward starting, and I’m not backing down from that at all. The average 50-year-old has about $1,000 to their name for each year they are old (or young, depending on how you look at it)!

But the idea of saving and investing toward retirement has tons written about it – you see book after book after book talking about howy you can retire – you can stop working. And I just want to say that I think you should take a hard look at being content now.

It would be really, really said if you had these great kids (as I do – five kids, ages eight and under – basically piled in like a stack of pancakes). And we’re busy with them – it’s crazy at the house, truly crazy – absolute chaos. And sometimes I’m guilty of thinking “When it’s just Rose…” (She’s the youngest – not saying she’s my favorite, but she sure is cute) …”how simple will that be?” All the other kids will have moved on, and I just think about how simple that will be.

And then at the gym the other day someone told me “Oh, man – when they’re teenagers, everything changes. It’s crazy.”

So here I am, looking ahead the future, always thinking, “Man, tomorrow. That will be something.” Instead of enjoying right now. Enjoying the chaos for what it is, and just finding the joy in the moment.

I was reading a sermon by a church leader who says (paraphrasing): “If you’re always focused on tomorrow, you have a lot of empty yesterdays.”

I feel like the retirement siren song is causing us – or could cause us to be looking to that day off in the future where we get to retire and stop working. Where we get to travel more, or do more woodworking, or gardening, or whatever it is you’re excited about doing when you have more spare time. Always looking forward and saying “Oh, that’s going to be great. I’ll just survive for today.” Instead of just enjoying the moment, enjoying today for what it is.

Whether you’re sitting in a cubicle, crunching numbers (which is what I was doing back in the day), or whether you’re making a podcast (which is what I’m doing now) – just enjoy the moment.

Everyone should go back to the podcast where I interviewed Leo (from ZenHabits.net) and listen to that again, because it’s a good exercise in being content. And when you’re content, maybe that’s the key to retirement: You may not ever really care about retiring because you’re just living in the moment and enjoying where you are.

Whether you’re in debt and slowly getting out, or you’re out of debt and looking to invest more – whatever you’re finances are at the moment. You can just be content with where you are and happy with the direction you’re facing – but you’re not looking off to some distant day and not ignoring – missing- what’s going on all around you.

Some food for thought.

March Podcast Roundup

We hope that you enjoyed the great podcasts during March!

072 – Sowing Seeds of Money Happiness – What causes discontent with money? What influences how you spend your money, what you value, and whether you’re truly happy?

073 – Your Life on a Treadmill – Anyone can keep pace when the treadmill is level, you’re not carrying any extra weight, and the speed is slow. But what happens when Big Events change that? What drove you to the point where you thought, “We need a budget!?”

 074 – Your Kids Need a Budget – I take a few minutes to explain how we use YNAB with the kids.  We have five kids, so there’s proof that it scales.

075- How I Tripled My Money in the Stock Market – It involved a company that made karaoke machines. I got lucky.

If you want to subscribe to the podcast, you can do so over at iTunes, or through this RSS link.

February Podcast Roundup

From big bad taxes to behavior design, February had some great podcasts!  Here’s a roundup in case you need to catch up:

068 – Budgets are Sexy. An Interview with J Money – I get to interview a fellow man-cave enthusiast and personal finance blogger who writes one of my favorite money blogs: BudgetsAreSexy.com. Of course I’d like it.

069 – Managing Your Life’s Single Biggest Expense – An interview with my tax advisor, and the author of Tax Insight, Casey Murdock. He’s a tax genius, and he saved me 20k in taxes a few years ago. Case closed!

070 – I’m Saving This Money (For What?!) – Savings without purpose is savings frittered away. Make sure you’re saving with purpose!

071 – The Key to Reinventing Yourself (Bit by Bit) – I interview my favorite Behavior Designer of all time, BJ Fogg of the Standford Persuasive Technology Lab.  BJ and I discuss key principles for creating lasting, positive behavior change in your life.  You’ll love this.

If you want to subscribe to the podcast, you can do so over at iTunes, or through this RSS link.

January Podcast Roundup

Here’s a roundup of February’s podcasts. We hope you enoy them!

064 – My Financial Life – Instead of takling about how we budget, which is just how I teach and nothing special, I wanted to discuss everything else financial, how and why I do the things I do, and let you then draw your own conclusion. I’m no expert on this, but it may give you some ideas.

065 – “YNAB Works” is Here! – I’m pleased to announce the launch of “YNAB Works!” A Home Study Guide+DVD Video package for schools, clients, kids of awesome parents, employees…basically anyone you care about :)

066 – Big Goals and Nothing Else Matters – If you’re getting the big goals taken care of, nothing else really matters.

067 – Spending Tens of Thousands of Dollars is So Easy – More about our car purchase from December. Now that the dust has settled, here’s what’s really freaking me out.

If you want to subscribe to the podcast, you can do so over at iTunes, or through this RSS link.

December Podcast Roundup

Here’s a roundup of December’s podcasts. Ranging from holidays to friction and from breaking the rules to farmhands, we hope you enjoy these fun tidbits!

059 – What Will Your Holidays Look Like in 2013? – What will your holiday season look like 13 months from now? And why am I making you think about it?!

060 – No More Harvard Debt! How One Guy Paid of $90k of Debt in Seven Months – My interview with Joe Mihalic, who paid off $90,000 of debt in 7 months, because he got intense, got focused, and made it happen. You can catch Joe’s book on Amazon (for $2.99) called Destroy Student Debt – a Combat Guide to Freedom.

061 – Friction – When you’re in a job you don’t like, there’s friction, because you’re not spending your time doing something you love. When your money’s misbehaving, there’s friction. Because your money isn’t doing things you love.

062 – Bought a Car, Broke Both My Rules – I have two rules when it comes to buying a car. Don’t buy new, and don’t finance it.  Broke both of those.

063 – The Farmhand Who Slept Through Anything – Are you finances managed with the future in mind? Where YOU could sleep through anything?

If you want to subscribe to the podcast, you can do so over at iTunes, or through this RSS link.

November Podcast Roundup

Here’s a roundup of November’s podcasts. We talk about Debtor’s Anonymous, de-clothing your closet, and protecting your identity.  Good stuff!

055 – You’re an Air Traffic Controller - My little brother got his wings from the Air Force this weekend, and on the tour, I got to see an air traffic control room. Guess what it reminded me of?
056 – How to Protect Yourself From Identity Theft (in a few minutes) - It turns out that protecting yourself from Identity Theft doesn’t mean you have to give up Facebook (whew), or stop shopping online (whew, love me some Amazon Prime). I interview Robert Siciliano, an ID Theft Expert, and he basically put me at ease on the whole situation.
057 – When Debt is an Addiction. - In this interview, I speak with Linda I (psuedonym), a Debtor’s Anonymous participant. The program deserves a serious look if you, or someone you know, has a serious debt addiction.
058 – I can list all the clothes I own. You? - I’m throwing down here. Not really. Did a major, MAJOR closet cleaning, and it feels GREAT!

If you want to subscribe to the podcast, you can do so over at iTunes, or through this RSS link.

October Podcast Roundup

Here’s a roundup of October’s podcasts. My favorite title probably had to do with your car being a wealth-sucking parasite :)

050 – A Startling Statistic Strikes Fear in My Heart. You? What’s your retirement savings rate? Have you started saving for retirement? What aspects of your retirement nest egg are actually in your control?

051 – Quality, and the Law of the Harvest If I ever start another company, it will be to make a toaster so well-built, you’ll pass it on to your grandkids. Has the “cheaper is better” skewed our instincts that used to follow the law of the harvest?
052 – An Interview with Jon Stein of Betterment–You CAN Invest!  I love what Jon Stein’s doing over at Betterment. If you’re afraid of investing, you should listen to this. If you want to be lazy about your investing, you should listen to this.
053 – A Behind the Scenes Look at How YNAB Started, and Where We’re Headed  This is epicly long. My first goal with YNAB was to make our $350 rent. And now in 2011 we were Utah’s 9th fastest growing company. Who…woulda…thought.
054 – Your Car is a Wealth Sucking Parasite. If you’re like most (and you probably are), you’re driving too much car. Consider how it just might be keeping you from the financial goals you REALLY care about.

If you want to subscribe to the podcast, you can do so over at iTunes, or through this RSS link.

September Podcast Roundup

Here’s a roundup of August’s podcasts. We’re excited for what we have slated in September!  Some ‘Zen-like’ stuff coming!

If you want to subscribe to the podcast, you can do so over at iTunes, or through this RSS link.

August Podcast Roundup

Here’s a roundup of August’s podcasts. We’re excited for what we have slated in September!  Some ‘Zen-like’ stuff coming!

  • Credit Card Pros and Cons - If you carry a credit card balance from month to month, your credit cards should be destroyed. If you’re operating by YNAB’s 4 Rules, Credit Cards offer some advantages.
  • Interview with Dan Miller on Careers, Goals & Passion - I set out to have Dan talk about pursuing your passion, and it ended up turning a bit into my own personal coaching session! Dan Miller is a best-selling author, speaker, and career coach. We discuss careers, goals, passions, and more.
  • Why Aren’t You Getting Ahead? - You may make “good money”, but you don’t feel like you’re getting ahead. You just don’t think you’re gaining any traction. You may not have a good grasp on your True Expenses.
  • Taking Care of Your Family, No Matter What - As part of the #LifeAware Life Insurance Movement, I bring on special guest, Jeff Rose, Cerftified Financial Planner, founder of Alliance Wealth Management, and blogger at GoodFinancialCents.com.
  • Get Organized with Jill Pollack! - I interivew Jill Pollack, an organization expert, and host of “Consumed”, a one-hour de-cluttering/life-changing TV show for HGTV Canada. She shares some great tips on finding some breathing room with your stuff!
  • You’re Never Really Saving Money… - You’re not really saving money. You’re simply acknowledging future expenses.

If you want to subscribe to the podcast, you can do so over at iTunes, or through this RSS link.