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The YNAB Podcast

091 - Creation vs. Consumption

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

🗓️ 5 August 2013

⏱️ 8 minutes

🧾️ Download transcript

Summary

Sometimes creation trumps consumption purely for its own sake; where you're satisfied on a personal level, even though the math doesn't work.

Transcript

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0:00.0

Hello, whinabbers. My name is Jesse Meekham, and this is

0:15.0

podcast number 91 for You Need A Budget, where we teach you four rules to

0:19.7

help you stop living paycheck to paycheck, get out of debt, and save more money. I am not the

0:26.2

guy to talk about what I'm about to talk about, because I am just simply not that guy.

0:34.0

But in line of recent blog posts that Mark has written up

0:41.0

and just getting me thinking about different ways to cut back consumption.

0:45.4

I was thinking about increasing creation in my own life and there comes a point where you fall into a bit of an optimization trap, where you can almost always answer yes to would it be better to pay someone else to do this thing?

1:04.0

Changing the oil. I used to do it myself.

1:07.0

Now I pay someone to do it.

1:08.0

Mow my lawn. I thought I was going to quit that this season.

1:14.6

And after like a week, I was so bothered by it

1:19.7

and just didn't want to do it that I went back

1:22.3

to using the guys I used to do my own

1:26.5

lawn. I quite enjoyed it and then at some point I just thought you know what this

1:30.3

isn't worth it. It's happened to me a lot where I look and I say hey I

1:38.0

could be working on Wyneb right now instead of spending three hours doing yard work and

1:42.3

that will bring me greater return. instead of spending three hours doing yard work.

1:42.7

And that will bring me greater return

1:45.1

than the money spent paying these guys, or oil changes,

1:50.8

or fixing a leaky faucet or causing a flood in your dining room because

1:56.1

you didn't tighten something down when you were replacing a pump and a toilet, which totally

1:59.9

happened to me.

...

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