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The YNAB Podcast

116 - Asserting Your Authority

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

🗓️ 21 April 2014

⏱️ 2 minutes

🧾️ Download transcript

Summary

Perhaps generosity benefits the giver in ways not previously considered.

Transcript

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0:00.0

Hello, whinebbers. My name is Jesse Meekim and this is podcast number 116 for you need a budget where we teach

0:15.6

you four rules to help you stop living paycheck to paycheck, get out of debt and save more money.

0:21.6

I wonder sometimes with rule one where we are giving every dollar a job if you don't

0:26.8

imagine yourself as fairly authoritarian, where you assert your authority over your dollars.

0:35.0

And I wonder, sometimes all other benefits of giving and generosity aside, I wonder if giving is the ultimate in assertion of authority.

0:48.0

I wonder if when you give, you're kind of telling all of your money, like, hey, look at me, I don't need all of you.

0:57.7

I don't even need all of you.

1:00.3

Look at this.

1:01.3

I'm just letting some go for no direct, right, direct benefit to me.

1:06.6

But maybe that indirect benefit to the giver is just that you gain authority and stature in your dollars eyes and your

1:16.2

dollars maybe pay you a little more respect. I mean sheesh. If that guy didn't

1:21.0

need those dollars over there. He maybe doesn't need me. Maybe I should behave and act accordingly.

1:29.8

So the giver in giving generously asserts the ultimate authority and as a result gets a huge psychological

1:39.9

win where they can say, I don't need all this money I think that in and of itself may be worth

1:46.7

the generosity worth the giving aside from all the other societal benefits and personal benefits that may come your way.

1:55.0

So think about that next time you're giving. Is it a little bit liberating and do you feel like you letting go is empowering. Perhaps it makes you appreciate the dollars you have,

2:09.1

perhaps it makes you recognize that they aren't so all powerful after all.

2:14.4

Until next time follow Wineb's four rules and you will win financially.

2:18.9

You have not budgeted like this.

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