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The YNAB Podcast

054 - Your Car is a Wealth Sucking Parasite.

The YNAB Podcast

YNAB

Consolidation, Total, Budget, Dave, Peace, Money, A, Education, Ynab, Finance, Bankruptcy, Makeover, Fpu, Software, Management, Personal, Need, Ramsey, Financial, University, Debt, Kids & Family, You

4.71.1K Ratings

🗓️ 29 October 2012

⏱️ 10 minutes

🧾️ Download transcript

Summary

If you're like most (and you probably are), you're driving too much car. Consider how it just might be keeping you from the financial goals you REALLY care about.

Transcript

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0:00.0

Hello, I know I know I'm Eber's my name is Jesse Meekam, and this is podcast number 54 for

0:17.2

you need a budget, where we teach you four rules to help you stop living paycheck to

0:21.0

paycheck, get out of debt and save more money.

0:25.0

One way that you can save a massive, massive amount of money is to stop caring so much about what other people think of you,

0:35.0

mainly people that you don't even know.

0:38.0

I want to write an essay.

0:42.0

I want to write like a short night like a little report or some kind of a not an

0:48.4

expose like a what do they call that a treatise? Is that the right word?

0:53.0

On Cars. And what a big wealth sucking hunk of metal they are.

1:00.0

And I've been amazed as I've just chat with people.

1:04.4

They, well, it's very easy to get people to chat with me about their finances

1:08.4

as soon as they find out what I do.

1:11.1

It's like I'm a pastor or something. I mean they just come and like start

1:17.3

confessing and anyway it's interesting because people will come and tell me about this and that.

1:24.5

And what I've discovered is there's a continuum of price points on all different types of goods.

1:35.0

Food is, you know, everyone pays the same amount of food for the most part.

1:40.0

You get really, you know, restaurants obviously that goes out the window but where you can go organic that's more expensive.

1:46.5

But everyone pays the same amount for a loaf of bread and everyone pays the same amount for clothes.

1:55.8

There's always these extremes, right?

1:59.0

You don't see a middle income person

2:02.0

buying a high-end item of clothing as a rule.

2:07.0

There are always exceptions, but I'm speaking purely in generalizations here.

...

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