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The Jesse Mecham Show

212 - Rule Four Reloaded

The Jesse Mecham Show

YNAB

Kids & Family, Education

4.71.1K Ratings

🗓️ 22 February 2016

⏱️ 6 minutes

🧾️ Download transcript

Summary

Rule Four reloaded.

Transcript

Click on a timestamp to play from that location

0:00.0

Hello, whinabbers my name is Jesse Meekham and this is podcast number 212 for Wienab.

0:14.4

Where we teach you four rules to help you stop living paycheck to paycheck, get out of

0:18.2

debt and save more money. There's an interesting little rule change that we've made here.

0:26.0

It hasn't really changed much of anything.

0:28.0

What we used to call Learn to Live on last month's income.

0:31.0

We're now saying age your money. The tie to the month, the

0:36.8

tied to the income, paycheck cycles, all of that gave us reason to pause and think,

0:42.8

okay, what is it we want people to achieve?

0:45.1

What is the principle behind this rule?

0:47.3

Not the mechanic, but the principle.

0:48.6

And the principle is, we want you away

0:50.9

from the financial edge.

0:51.9

We want you to stop living paycheck to paycheck. Now, paycheck to paycheck

0:56.8

for everyone is very different. If you're sharing finances you might have a

1:01.0

partner that gets paid weekly that gets tips that gets paid once a month

1:06.0

every other week twice a month it goes all over the place someone's a freelancer

1:11.0

they sell houses, who knows.

1:13.8

So tying it to that whole idea of paycheck to paycheck

1:17.2

is problematic because everyone's situation is different.

1:20.4

So in the idea that we want to embrace here though is to back away from the financial edge.

1:26.0

Be able to budget a month ahead.

1:29.0

Be able to sit down and say, I want my money to do all these things this month I want to

...

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