Send Jesse an email up for a free 34-day trial of YNAB at Kelly Frawley and Emily Pollock are attorneys specializing in matrimonial and family law, and regularly contribute to Forbes on issues related to divorce and business. The Four Pillars of Investing by Bernstein.A Random Walk Down Wall Street by Burton Malkiel.The Little Book of Common Sense Investing by Jack Bogle.If your number of shares is going up, then your portfolio is still growing by an important metric! Jesse has another recommendation: look at the number of shares you own, not the value of those shares on paper. Why are you investing in the first place? What is your time horizon? Do you think the economy will grow in the (long-term) future? If yes - and this has been historically true over a long time horizon - then a broad market index will also grow over the long run, and sticking to your investment plan is the thing to do. Ouch! Jesse reminds us not to panic, and to go back to your written investment plan (you have one of those, right?). Got a question for Jesse? Send him an up for a free 34-day trial of YNAB at A listener writes into the show - what should she do with her investments in this market? Each week she is seeing the value of her portfolio go down, and she is losing as much value as what she puts in each month. Layered Money: From Gold and Dollars to Bitcoin and Central Bank Digital Currencies by Nik Bhatiaįour Thousand Weeks: Time Management for Mortals It's not all business books this time! Topics range from leadership to the history of money to science fiction. Got a question for Jesse? Send him an shares a few book titles he has been working through lately, and how the lessons from Jocko's Exteme Ownership have been working their way through the Mecham household and YNAB.
Jeremy has a FREE 60-minute investing basics course as well as some fun and useful web tools to understand how investments can grow over time, the futility of trying to time the market, and more.įor YNAB listeners, you can save $20 off the full Learn to Invest course using the discount code "YNAB" when you checkout.
He recommends using YNAB to help with the spending less money part, then teaches the rest in his Personal Finance Club. To build wealth you need to spend less, save more, and then invest using a simple, reliable strategy, such as investing in broad market index funds. Jeremy's pretty clear that there's no magic to good investment strategy.
When the pandemic hit, he needed something to fill his time, so he decided to build a resource for other people to learn the fundamentals of investing and how to build their own nest egg. Jeremy then spent two years playing video games, traveling, coaching beach volleyball, and learning about what to do with all of his money. Jeremy built the successful internet startup RentLinx, sold the company in 2015, and retired a couple years after at the age of 36.
You can follow Christopher on Instagram: a question for Jesse? Send him an up for a free 34-day trial of YNAB at Jesse invites entrepreneur and avid YNAB'er Jeremy Schneider on to the show to help de-mystify investing for YNAB'ers looking to get started. And, because he uses YNAB and reconciles daily, he pays his cards off monthly and never carries a balance! Christopher also enjoys travel, and has learned how to "travel hack" his way through many trips using credit cards rewards. Using YNAB, Christopher has been able to achieve many notable financial goals - paying off his student loans and becoming debt-free while living in notoriously expensive Manhattan, purchasing a motorcycle he had wanted since he was a kid, and helping others improve their financial wellbeing through personal coaching and social media.
Looking to build on the budgeting habits instilled by his mom, Christopher began using YNAB 4 in 2014, and fell in love with both the simplicity of the method and the precision of the software. She led by example, too, always setting aside money for Christmas and birthdays, for emergencies or unexpected expenses, on a middle class income. Christopher learned the value of budgeting from an early age, when his mother taught him and his siblings how to put aside money for things they wanted. In today's installment of Money Stories, Jesse talks with YNAB Ambassador Christopher Campbell, a 33-year old marketing director living in Portland, ME.