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The YNAB Podcast

064 - My Financial Life

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

🗓️ 7 January 2013

⏱️ 14 minutes

🧾️ Download transcript

Summary

Instead of takling about how we budget, which is just how I teach, and nothing special. I wanted to discuss everything else financial, how and why I do the things I do, and let you then draw your own conclusion. I'm no expert on this, butit may give you some ideas.

Transcript

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0:00.0

Hello, whinabbers, my name is Jesse Meekam, and this is podcast number 64 for You Need

0:17.4

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

0:21.6

get out of debt, and save more money. Today I don't really

0:26.4

want to talk about budgeting, but maybe more the fruit of budgeting, so to speak. I want to talk about how I run my financial house and I'm

0:37.1

no expert. This is just when I do right or right,

0:44.0

sub-optimal.

0:45.0

Anyway, so take from it what you will and disregard the rest.

0:50.0

Let's start with something extremely basic and something that I'm lacking. Well, not

0:57.7

totally lacking, but my father's an attorney. He wrote me up a will a couple years ago, and he's an attorney in Arizona.

1:05.4

So for two years now, I think, or three, I have not taken it to a Utah-based attorney to have it

1:12.3

adopted to kind of the Utah legalese.

1:15.8

So I need to do that.

1:19.1

I have reached out to my Facebook friends

1:22.3

for referrals for a Utah-based attorney that's done lots of

1:25.3

wills and is not just your cousin. So if you know anyone write me at Jesse at

1:30.7

unit of budget.com and I'd love to have him help me out with adapting this will

1:36.2

to Utah. So we do that. Life insurance is pretty straightforward. I bought some term life insurance.

1:44.0

20 year term, probably when I was 23.

1:51.0

And it's a bargain, so we do that.

2:00.0

Let me figure out exactly what that is worth as far as income goes.

2:07.0

I bought it before when I wasn't making as much money as I am now,

2:13.2

thankfully.

...

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