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Hello, Wine Abbers. My name is Jesse Meekum

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with another episode of the Wine Ab Podcast, and

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I'm here each week to obsess out loud about

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spending purposefully, saving aspirationally,

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and even giving joyfully. It all comes

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down to just these four simple habits.

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We give every dollar a job and start to feel

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what it means to trade off, or maybe just to

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trade. Mark and

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I just recorded a beginning balance episode where we talked

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a lot about trade and what that does, and the

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fact that we do it all the time and we

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don't even realize we're doing it. And

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when we learn to do it well, it

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feels better. It feels the way you feel when

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you're running Wine Ab. And to compare

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that, it feels a lot better than the

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way you were doing things

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beforehand, perhaps. The

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second rule is to embrace your true expenses,

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which just kind of means some

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of these trades are going to happen further out into

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the future. Staying with the

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punches means new information may

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come about, and that will mean

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that you're going to trade a little differently than you

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originally thought. And the fourth habit, we

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call it, we've called it rules for years.

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So I'm going to say that sometimes. I'm

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going to say rule sometimes, and you are

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just going to be like, yep, it's a

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rule also, a principle, a guideline, a good

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thing to do. And that

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is to age your money. And

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what we're really trying to do there is

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just give you time to think about the

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next trade. When we

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say trade, we just mean I've got this

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dollar. What do I want to

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trade it for? And we as

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humans are always in the pursuit

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of trade. Always. We

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can't help it. And it's

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how wealth is created. And that's

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that. So there's

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this bit that I've come

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across in my studying, and

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I use that term very loosely. But

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a lot of times people will talk about things

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not having inherent value. And

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at YNAB, we are kind of

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known for not caring how

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you spend your money. Well,

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I shouldn't say that. We do care. We

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care that you spend it purposefully. However,

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we really don't care what your purpose is,

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what my purpose is. I mean,

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I just got this thing from

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my wood shop and you couldn't care

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less about it. And you just

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got this thing for your candle making and I

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couldn't care less. But can

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we both really enjoy the fact that

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our money, our hard-earned money, was

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perfectly deployed to maximize

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enjoyment for each of us individually

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without worrying about the other person?

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I love that. I love

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it. No knock on your candles and you can't knock on my

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tool. So when

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we're thinking about this idea of inherent

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value or intrinsic value, people

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will use those both interchangeably. They'll say,

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well, that, you know, I want

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to spend my money on things that

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I know have value. It's got to have

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intrinsic value. And

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Mark and I did talk quite a bit about the

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history of gold as money and

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the intrinsic value there. But I've been

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thinking about this quite a bit. And after honestly

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getting comfortable from 20 years

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of me telling people, I do not

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care what you spend your money on,

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as long as it's purposeful, you

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would be hard-pressed to convince me that

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value is not completely

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and totally, absolutely subjective.

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Totally. And the reason I say this, and

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there's probably writing about this

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that people have thought long and hard about

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this and I'm not even aware of them.

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And if you are aware, send me the

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book. Send me, I don't want a

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podcast, I want a book, send me a heady

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book and say, Jesse, read this.

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This is a philosopher trying to figure

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out value and why we value things.

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Anyway, the reason I say that

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is because And value

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is, it is totally subjective in

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the sense that it's all around the context.

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If I have no food

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and I need

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some food, I'm going to value that

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very high. If I have gobs of food and

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you're like, hey, do you want another gob, like

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half a gob? I won't. I

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won't even care about it. I will value that half a

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gob of food very, very little. And

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I will value a chisel very high and

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you will value some kind of

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wick thing for your candles very high and

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we both won't value, if we

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were to swap, I wouldn't value the wick thing.

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I don't even know what you're talking about. So value

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is subjective. And when you

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can kind of just get comfortable with that,

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like truly someone that needs water, they

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value water more than anything. Someone

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that needs some food more than anything. Someone that needs

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a vision pro, that's

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what it's called, Apple Vision Pro. I don't feel

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like that name really rolls off the tongue. I

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need to memorize it because I keep stumbling on it.

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But someone might value that

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and someone else that, I

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don't know, is scraping together some money to

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replace their laptop. They're like, I don't like,

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I've got three grand here. I'm not doing

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that. I'm doing the laptop

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thing. It's always changing. It's

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so dynamic. Honestly, maybe that's why our third

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habit of rolling with the punches fits pretty

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nicely. You've literally seen

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value be subjective regularly

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as you've worked that third habit, that

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third principle. You've been able to say,

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you know what? Oh, I just found

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out some new friends are coming to town. Suddenly,

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I value a full fridge of groceries

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more than when it was just going to be me. And

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I was totally comfortable warming up random

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things, mashing them all together and,

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you know, pretending it's

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dinner. I hear a

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pitter-patter of feet running toward my office. So I

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think that might be my way

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of saying it's time to sign off. But

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I just want you to get comfortable with

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the idea that value is subjective because then...

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Because then no one gets to say like hey,

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man, why aren't you doing this? Hey, why aren't

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you doing that value is subjective? It's on you

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and you get to do the work the

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necessary and joyful and valuable

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work of figuring out What

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you value so there's

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no inherent value. There really isn't not even

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in food Not even

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in water because you might have just

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had a sip and you know, there's more later now

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There the pitter-patter stopped another knocking

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has started so Until

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next time remember it's just four

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simple