Mr. Money Mustache and YNAB (You Need A Budget) Do A live Show

Mr. Money Mustache, base in Longmont CO, sits down with the creator of the YNAB (You Need A Budget) and discuss their approaches to living the good life.

[@milwaukeemotor5995]

if you have a property (place to live with no mortgage) then you can work (be more flexible) just to pay daily living expenses, groceries, car insurance, phone bill, internet, gym membership, hydro, etc.

[@rusticrow]

Fundamentally, the real content begins from 30:13. Both offer steely advice and show their true colours from this marker. Jesse displays strength of strategy while Pete displays underwriting conviction. Jesse/YNAB are system focused while Pete ultimately focuses on 'intention' If you can marry both approaches then the average person has much to gain from their first principle wisdom. Just by simply starting and adopting their frameworks. Whether one chooses to mimic Pete's conviction/frameworks isn't the point. Their point is to understand, from first principles, your motives and intentions then reason up from there. Impressed with their very human and accessible approach to removing the fear from money management.

[@saplingqwason]

i think that laughter broke my speakers half way through

[@JeffSeglem]

Two great minds. Common sense principles. Thanks for doing this.

[@scholzdigital]

Content starts at 03:16

[@naomiking2442]

I really loved this discussion! I particularly enjoyed the conversation about the mortgage. I just paid off my mortgage... And although I understand having a mortgage technically would make sense, it makes me much more happy not to have it! So grateful for your writing Pete!

[@kimwieczorek1879]

😢seems like he was drunk, tipsy

[@thepenthouse1507]

Hahaha I love his comment on cars. My eyesight to not good enough to drive. Everybody in my life is like "but you could drive there" No. I can't drive there. Driving for groceries and stuff like that isn't normal. My shops are a 5 minute walk. I love it.

[@oneconcept22]

Always amazing. Thanks

[@carolannstevens5814]

Two great guys!!! Thank you!

[@turtlesage364]

Im sick of traveling for work for 15 years now. I have 6 states left to go and that going to be on my bucket list.

[@bobbiclinger7500]

YESsssss! Thank you! Finally, a financial guru who says "don't pay for your kids' college"! I wasn't going to.

[@milwaukeemotor5995]

what's your logic behind it?

[@carolannstevens5814]

I agree!!!

[@kdmtube8354]

Adults make kids expensive and not kids make kids expensive.

[@thepenthouse1507]

iPads and Xboxes make kids expensive 😂

[@MsSmile2005]

So true! Stay out of the parenting rat race and travel sports, your kids will be completely happy with an old-fashioned childhood.

[@nicholaspitti8171]

Trying to reduce the things you dont want in life is a good plan. But the thing to remember about stress is there are good types of stress that make you grow.

[@AlexaMorales]

"In America you know how it is, if people have a choice between getting something for free and paying for it, people always want to pay."

[@AlexaMorales]

While there is truth to that statement, most musicians would have trouble believing it because we work in a field where a lot of people *don't* want to pay for it. 💩

[@AlexaMorales]

BUT the bottom line is money is how we Americans express value, so if something is free or low-cost we figure it's not valuable, and if a crappy thing is expensive we assume the opposite is true.

[@chrisp2481]

this crowd is cracking up at the most mild stuff. Which would be funny if it wasn't crushing the volume into my earbuds

[@soundsnags2001]

Your a cranky dude, Chris.

[@leonard720p9]

33:15 Headphone Warning!

[@looizao]

This post should be at the top!

[@maxurmanbendermann2633]

thx

[@khanriza]

Kept the audience standing for a whole hour?! Worth it. Great info.

[@mdw000]

They could have brought a chair or sat on the floor😂

[@Macrike]

real life 5 They were sat on the floor.

[@milwaukeemotor5995]

view on renting vs mortgage i'm sure there are hundreds of factors to consider

[@jimsestito8207]

54:17 MMM great job ignoring his mortal enemy the V12 truck burning 6 MPH in the back.

[@DNaupari]

To get the attention of a crowd without a microphone- Say in a big strong voice If you can hear me clap once (then clap loudly one time) If you can hear me clap two times (clap loudly twice) If you can hear me clap three times (the crowd will jump in and clap loudly three times) Immediately thank everyone for paying attention. Works every time!

[@milwaukeemotor5995]

or use the microphone is it working

[@californiahandball]

I have a clean burning Civic ;) Natural Gas, I bought it used for $7,000 cash. I pay a little over half of what a "normal gas Civic" in fuel because here in Southern California Gas is about $3.70-$3.99 and my CNG fuel is about $2.00-$2.20 a gallon.

[@TravisFisher]

My CNG car died a few years ago. I miss those cheap gas prices...

[@elbeefo748]

Most people who talk about F.I.R.E recommend making 50k or more . When 15/hour(Colorado minimum) will only get you 28k. I still see how the financial principals still apply but retiring early will likely be a lot harder. Specially with debt

[@Juan_Hernandez_Jr.]

Sounds like you need to move somewhere where the pay is higher, or get 2 jobs. It's all about priorities. Want to work until you need diapers again? Decisions, decisions

[@DrewSynder]

For the love of god, edit this video to remove the destructive laughter mid-way through.

[@BassedMike]

You brought up knowing this in your early 20s helps you retire earlier. I'm 17 XD

[@Daywalkr]

Stick by this stuff now and you'll be a wage slave for like, 4-7 years as opposed to 40.

[@BassedMike]

VildStyle I’m hoping to be out of “wage slave” before the year is out. I’m currently saving to start Amazon FBA

[@milwaukeemotor5995]

what was his annual income prior to retirement? and how many years did he work prior to retirement?

[@JeffMuehlbauer]

"Just a couple bitcoins is all you need to retire" he said, mockingly.

[@barryquinn7831]

i know right! owning a couple of bitcoins in 2018 would buy your 1st property right now

[@odnilniloc]

Let them mock what they don’t understand.

[@GruncleJohn]

MMM/ YNAB zen! I’m 2 yrs too late

[@patassion]

Sometimes people who are good speakers don’t make good reading material vs the other way around.

[@kirstyjjamieson]

The opportunity cost of having children is a considerable cost

[@thenewsamurai1]

Sub spanish pleas

[@milwaukeemotor5995]

there should be 3 categories, single, married, married with children

[@MrCreepers21]

Is this a comedy show?

[@MrCreepers21]

MMM's secret. Become an engineer. Convince people through a blog they need to be frugal while making money off said blog about being frugal.