251 - Rule Two With a Wild Income
The Jesse Mecham Show
YNAB
4.7 • 1.1K Ratings
🗓️ 21 November 2016
⏱️ 9 minutes
🧾️ Download transcript
Summary
Rule Two times two (or three, or four) when it comes to a variable income.
Transcript
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| 0:00.0 | Hello, Wienembers. My name is Jesse Meekham and this is podcast number 251 for Why Now, where we teach you four rules to help you stop living paycheck to paycheck, get out of debt and save more money. Today, part three of our four-part series on how you manage to manage the money with |
| 0:28.1 | a variable income. It's not that hard, follow the four rules, but there are a few things to focus on and with me I have Todd Curtis I will cut over to that conversation now |
| 0:40.0 | All right I'm here with Todd Curtis chief customer Customer Officer of Wineb. This is part three of a four-part series all about your wild wild income that is variable. |
| 0:52.0 | Let's see. |
| 0:53.0 | We left it off. |
| 0:54.0 | We were talking about only budgeting money you have on hand. |
| 0:58.5 | That gives you absolute clarity around what amount it should be. We didn't really talk too much about scarcity, but we do know that when things are scarce, your priorities are more apparent. |
| 1:10.3 | Very clear. Yeah. So, and that is that is a blessing not a curse in small business it |
| 1:16.7 | starts to highlight strategy or bad strategy it starts to highlight truly what you |
| 1:22.2 | care about and it's a great tool for basically |
| 1:27.4 | strategic decision-making. |
| 1:28.8 | Yeah, it can really push you to get creative as well. |
| 1:31.2 | Exactly, exactly. But we left it kind of where on a variable |
| 1:36.2 | income it implies that at some point the person has a high income and that it |
| 1:41.6 | you know it's up and down so when we're on the up what are you and I |
| 1:45.8 | afraid of people doing what I mean how do we walk them off I mean they're gonna |
| 1:51.6 | they're gonna mess up where where does that happen right so I'm afraid of |
| 1:57.1 | somebody in that in that really good month taking that money and having it all go right out the door |
| 2:05.0 | as soon as it came, you know, as fast as it came in |
| 2:08.0 | on something that is maybe an immediate want instead of a longer term need. |
| 2:16.0 | Now hold on, I want to celebrate. |
| 2:18.0 | I sold the big house. |
... |
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