Ask Jesse: Pre-Tax vs Roth IRA's, Giving Dollars Jobs in Retirement, Saving for Multiple Goals at Once

Jesse ponders the question -- what is enough? What if you set the bar at physical subsistance, enough food, shelter, and clothing to be secure? If that is enough, then everything you have beyond it is extra. When you set the bar there, then everything you spend on extra takes on more meaning -- it's not stuff you have to buy, it's stuff you get to buy, and therefore is more expressive of yourself.   What does your money need to do... once you have enough?     Order Jesse's new book, Never Worry About Money Again: www.neverworryaboutmoneyagain.com   Got a question for Jesse? Send him an email: [email protected]   Follow YNAB on social media: Facebook: @ynabofficial Instagram: @ynab.official Twitter/X: @ynab Tik Tok: @ynabofficial  

In keeping with the theme of last week's episode and reducing your information intake, today Jesse encourages reducing your to-do lists as well. Referencing Oliver Burkeman's Four Thousand Weeks, he points out that waiting to relax and engage in leisure until after the to-do list is finished is a futile exercise -- the to-do list will never be finished, the sense of urgency to add more and do more will never relent... until you give yourself the grace to have a "human-sized" to-do list. Then relax, and slow down. In doing so, things will become clear to you in a way they never would in the ceaseless hustle and bustle.   Order Jesse's new book, Never Worry About Money Again: www.neverworryaboutmoneyagain.com   Got a question for Jesse? Send him an email: [email protected]   Follow YNAB on social media: Facebook: @ynabofficial Instagram: @ynab.official Twitter/X: @ynab Tik Tok: @ynabofficial  

YNAB is all about creating clarity with your money, and that central question -- what does it need to do? -- and therefore, clarity in your life. Clarity is very difficut, if not impossible, to achieve when you are overloaded and overwhelmed with inputs. Today Jesse challenges you to unhook yourself from the matrix, turn off the feeds, leave social media, and drastically reduce your diet of information. Not just for a week, try it for a year. Maybe two years.   When you have fewer inputs into your thought process, you have more time to consider what is important to YOU, without having to parse what the algorithm is trying to push as important. You need space to think and reflect, and to get space you need to clear space. Give a try and see what happens! You may just find the answer you've been looking for (hint: what does your money need to do?)   Got a question for Jesse? Send him an email: [email protected]   Order Jesse's new book, Never Worry About Money Again: www.neverworryaboutmoneyagain.com   Follow YNAB on social media: Facebook: @ynabofficial Instagram: @ynab.official Twitter/X: @ynab Tik Tok: @ynabofficial  

Jesse reflects on the technological and cultural sea change underway as AI permeates everyday life. After publishing his new book, Never Worry About Money Again, Jesse scheduled the release of the audiobook version -- which he recorded himself in a studio in Salt Lake City -- only to find that someone had already released an audiobook with an AI generated voice clone. There are many such cases nowadays, leading Jesse to wonder -- how do you know whether anything is authentic anymore?   Authenticity seems to be becoming a more and more valuable quality in an AI infused world, and how you spend your money is tangled up in the question as well. How do you know that what you're buying is authentic? How do you even know that where you are spending your money is authentic?   The most important things you spend your money may very well be the things that are right in front of you -- a physical book, groceries from a local farmer.    Got a question for Jesse? Send him an email: [email protected]     Follow YNAB on social media: Facebook: @ynabofficial Instagram: @ynab.official Twitter/X: @ynab Tik Tok: @ynabofficial  

In part 3 of the latest installment of Ask Jesse, Jesse reflects on his 2023 experiment of ditching his credit card and spending only with a debit card -- which he stills does today! He also answers a question about what he eats for breakfast, and shares how his experience leasing a Tesla (which he now owns) led to him to realize that his insistence on driving a 2002 Honda Civic was really just pride masquerading as frugality.   Got a question for Jesse? Send him an email: [email protected]   Pre-order Jesse's new book! www.neverworryaboutmoneyagain.com   Follow YNAB on social media: Facebook: @ynabofficial Instagram: @ynab.official Twitter/X: @ynab Tik Tok: @ynabofficial  

In part 2 of the latest installment of Ask Jesse, Jesse offers some advice about how to work with a spouse who is reluctant or disinterested in YNAB. He also discusses savings accounts for kids, and how the Mecham family uses YNAB with the kids, at each stage of age and maturity.   Got a question for Jesse? Send him an email: [email protected]   Pre-order Jesse's new book! www.neverworryaboutmoneyagain.com   Follow YNAB on social media: Facebook: @ynabofficial Instagram: @ynab.official Twitter/X: @ynab Tik Tok: @ynabofficial  

Jesse's answering questions from his inbox, including questions about which retirement accounts to contribute to, how to save money in retirement when you don't have an income, and how a young person can save for multiple goals at the same time.     Got a question for Jesse? Send him an email: [email protected]   Pre-order Jesse's new book! www.neverworryaboutmoneyagain.com   Follow YNAB on social media: Facebook: @ynabofficial Instagram: @ynab.official Twitter/X: @ynab Tik Tok: @ynabofficial  

Jesse reads a short excerpt from his new book, Never Worry About Money Again. How does it feel to not worry about money day to day? It's not the end of all worry, but the freedom from money worry gives you the space to think about and work through the rest of your life. As Jesse says, the way you spend isn't just a parallel to the rest of your life, it is your life.   Pre-order Jesse's new book! www.neverworryaboutmoneyagain.com   Got a question for Jesse? Send him an email: [email protected]   Follow YNAB on social media: Facebook: @ynabofficial Instagram: @ynab.official Twitter/X: @ynab Tik Tok: @ynabofficial  

    Pre-order Jesse's new book! www.neverworryaboutmoneyagain.com   Got a question for Jesse? Send him an email: [email protected]   Follow YNAB on social media: Facebook: @ynabofficial Instagram: @ynab.official Twitter/X: @ynab Tik Tok: @ynabofficial  

Jesse shares a story about how one little donut that he passed by every day on his way to class as a struggling college student inspired him to develop a method for managing money that transformed his life, and millions of others by creating YNAB.     Pre-order Jesse's new book now! www.neverworryaboutmoneyagain.com   Got a question for Jesse? Send him an email: [email protected]   Follow YNAB on social media: Facebook: @ynabofficial Instagram: @ynab.official Twitter/X: @ynab Tik Tok: @ynabofficial