43 episodes

Solopreneurs and small business owners: learn about leadership, operations, entrepreneurship, productivity, taxes, client creation, marketing, bookkeeping, and more.

It's Not About The Money Steve Nay and Tyler Smith

    • Business
    • 4.3 • 6 Ratings

Solopreneurs and small business owners: learn about leadership, operations, entrepreneurship, productivity, taxes, client creation, marketing, bookkeeping, and more.

    Coming soon: Interviews about the many hats of an entrepeneur

    Coming soon: Interviews about the many hats of an entrepeneur

    Coming up in a few weeks: a new series of interviews with experts in areas of business where you might want help: marketing, finance, IT, management, operations, insurance, and so forth. 
    You, as a solopreneur, have to wear all the hats of a functioning business, even if you're not an expert at all of them. Sometimes you'll want to outsource a particular function and hire a professional to do just that piece. Sometimes you'll want to keep doing it yourself, but you want to get better at it. Sometimes you don't even know that it's important for the business and you need someone to give you an introduction. 
    Wherever you are in your business journey, this series will give you ideas, milestones, guideposts, and practical tips to continue growing and getting better at what you do. 
    We're taking off a few weeks to prepare, but we'll be back soon to share this exciting series with you! 
    --- Steve Nay: 
    https://daybreaktax.com/ https://www.linkedin.com/in/nsteven/ Tyler Smith: 
    https://www.tylersmith.io/ https://www.linkedin.com/in/tylersmith-io/ 

    • 5 min
    YNAB Rule 4: Age your money

    YNAB Rule 4: Age your money

    What if you could put all your bills on autopay, treat your credit card like cash, and step back from the stress of worrying about when your transactions happen? 
    That's the peace of mind available when you get to YNAB Rule 4: Age your money. 
    When the money you're spending today was earned long ago, you can suddenly let go of a whole category of money stress that you might not even realize you have. 
    Tyler and Steve demystify the "credit card float" and illustrate with cafeteria-style cereal dispensers. 
    If after all this you'd like one-on-one guidance through your money journey, Tyler is the coach for you. 

    (00:00) - Girl Scout cookies

    (03:18) - Rule Four: Age your money

    (06:16) - The magic of getting to 30 days old

    (09:05) - Demystifying the trap of the "credit card float"

    (17:08) - What is an age of zero?

    (18:21) - How to increase the age of your money

    (19:57) - How old should your money be?

    (23:59) - Aging your money isn't out of reach

    (26:23) - You can hire Tyler as your YNAB coach
     --- Steve Nay: 
    https://daybreaktax.com/ https://www.linkedin.com/in/nsteven/ Tyler Smith: 
    https://www.tylersmith.io/ https://www.linkedin.com/in/tylersmith-io/ 

    • 29 min
    YNAB Rule 3: Roll with the punches

    YNAB Rule 3: Roll with the punches

    Best-laid plans rarely survive contact with reality, but getting your budget to reflect reality is where the clarity comes from. 
    Tyler and Steve have both had aspirationally-too-small budgets for groceries and eating out. What to do? 
    Rule 3 empowers you to get your budget to show what's actually happening and align the way you spend your money with the things you actually, truly value. 

    (00:00) - Dogs and their exercise
    (03:39) - Where contact sports intersect with personal finance
    (06:11) - Underestimating groceries
    (10:17) - Reflecting reality is the goal
    (13:48) - Your priorities change all the time
    (18:12) - Where is the money going to come from?
    (19:51) - Can you roll with the punches too much?
    (22:05) - Conscious tradeoffs
    (23:50) - "Recent moves" feature
    (27:31) - Modifying behavior, not just changing a number
    (30:29) - Honesty and alignment
     --- Steve Nay: 
    https://daybreaktax.com/ https://www.linkedin.com/in/nsteven/ Tyler Smith: 
    https://www.tylersmith.io/ https://www.linkedin.com/in/tylersmith-io/ 

    • 35 min
    YNAB Rule 2: Embrace your true expenses

    YNAB Rule 2: Embrace your true expenses

    In part two of our series, we discuss YNAB Rule 2: Embrace your true expenses. 
    Not every expense happens regularly or predictably. Budgeting for the infrequent or high-impact purchases that happen throughout the year increases your resilience. It can even take circumstances that used to be emergencies and convert them into mere inconveniences. 

    (00:00) - Auditioning in a quartet
    (03:36) - Rule 2: Embrace your true expenses
    (08:17) - Categories of true expenses: Predictable and unpredictable-but-inevitable
    (10:49) - How to have fewer emergencies
    (15:41) - The joys of auto-pay
    (19:47) - True expenses vs. an emergency fund
    (26:53) - Some of Tyler and Steve's true expenses
    (34:01) - Debt payoff
    (36:50) - How Tyler got converted to YNAB
     --- Steve Nay: 
    https://daybreaktax.com/ https://www.linkedin.com/in/nsteven/ Tyler Smith: 
    https://www.tylersmith.io/ https://www.linkedin.com/in/tylersmith-io/ 

    • 40 min
    YNAB Rule 1: Give every dollar a job

    YNAB Rule 1: Give every dollar a job

    The first episode in four-part series on the YNAB Four Rules. 
    Today: Giving every dollar a job, and why embracing the reality of your financial picture empowers you with clarity about your priorities. 

    (00:00) - Cute, little dogs
    (02:17) - Rule 1: Give Every Dollar a Job
    (05:47) - A plan, not a forecast
    (10:21) - Scarcity and priorities
    (14:08) - Building the muscle of decision-making
    (15:53) - The three approaches to personal finance: Accounting, forecasting, and allocating
    (20:23) - YNAB excels the best when you reflect reality inside of it
    --- Steve Nay: https://daybreaktax.com/ https://www.linkedin.com/in/nsteven/ Tyler Smith: 
    https://www.tylersmith.io/ https://www.linkedin.com/in/tylersmith-io/ 

    • 29 min
    Steve makes a spreadsheet of McDonald's points

    Steve makes a spreadsheet of McDonald's points

    Tyler and Steve have a McDonald’s…problem? And Steve dives into the numbers to figure it out. 
    Along the way, they discover the value of McDonald’s rewards points, what lessons Tyler learned from how McDonald’s prices different sizes of fries, and how to run what-if scenarios. 

    (00:00) - Another weird spreadsheet
    (01:40) - Different prices at different McDonald's locations
    (04:09) - How much are the points worth?
    (07:37) - "Optimal" ways to spend points
    (10:38) - Using McDonald's pricing as a model
    (16:28) - What-if scenarios
    Links: Episode 18, "Optionality" --- Steve Nay: 
    https://daybreaktax.com/ https://www.linkedin.com/in/nsteven/ Tyler Smith: 
    https://www.tylersmith.io/ https://www.linkedin.com/in/tylersmith-io/ 

    • 20 min

Customer Reviews

4.3 out of 5
6 Ratings

6 Ratings

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