Jesse argues that the common refrain of a thing having "inherent value" or "intrinsic value" is not actually a thing. As Jesse explains, value is a moving target, constantly shifting along with our desires and material circumstances. To a starving man, food is worth more than gold. To that same man well-fed, it can be worth little. We see this with our own money -- as our circumstances change, the categories we prioritze shift. Rule 3, roll with the punches, acknowledges the ever-shifting nature of our needs and desires, and challenges us to make trade-offs to materialize those changes in our financial plans. To that end, nothing has an inherent value, but rather a variable value, the only certainty being that it will fluctuate over time.   Beginning Balance Podcast -- the show Jesse mentions has not aired yet, but will be coming soon! In the meantime, check out more of Jesse's musings about money here: Apple: <a href= "https://podcasts.apple.com/us/podcast/beginning-balance/id1569423517"> https://podcasts.apple.com/us/podcast/beginning-balance/id1569423517</a> Spotify: <a href= "https://open.spotify.com/show/7APubdzXN2eeeMdNpCLkiy?si=19e8c25d5b104494">https://open.spotify.com/show/7APubdzXN2eeeMdNpCLkiy?si=19e8c25d5b104494</a>   Got a question for Jesse? Send him an email: <a href="mailto:askjesse@ynab.com">askjesse@ynab.com</a>   Sign up for a free 34-day trial of YNAB at <a href= "https://www.youneedabudget.com">www.youneedabudget.com</a>   Follow YNAB on social media: Facebook: <a href= "https://www.facebook.com/iYNAB/">@iYNAB</a> Instagram: <a href= "https://www.instagram.com/youneedabudget/">@youneedabudget</a> Twitter: <a href="https://twitter.com/ynab">@ynab</a> Tik Tok: <a href= "https://www.tiktok.com/@ynabofficial?lang=en">@ynabofficial</a>

Podurama

Home

Trending

Personal

Your Podcasts

New Episodes

My Files

Favourite Episodes

Tags (Folders)

Recently Played

Bookmarks

Followed Playlists

Inherent Value Doesn't Exist

The YNAB Podcast