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The Jesse Mecham Show

270 - Ownership Overhead

The Jesse Mecham Show

YNAB

Kids & Family, Education

4.71.1K Ratings

🗓️ 17 April 2017

⏱️ 3 minutes

🧾️ Download transcript

Summary

When you're buying something, you're also tacking a bunch of todos on to your list.

Transcript

Click on a timestamp to play from that location

0:00.0

Hello, Winebers my name is Jesse Meakem, and this is podcast number 270 for Wyanab, where we teach you four rules to have

0:15.2

to stop living paycheck to paycheck, get out of debt, and save more money.

0:20.0

This might be a little bit of a short podcast. It's a little bit of a PS as it relates to what we talked about last week

0:26.0

with the cost of ownership.

0:28.4

There's also rolling around in my head

0:30.6

this idea of the overhead of ownership and it has nothing to do with the

0:36.2

money you outlay for repairs for the trailer for the raiser, for the cover for the raiser,

0:42.2

has nothing to do with that. it just has to do with the

0:44.7

overhead of that thing the mental overhead of it where you just think oh I've got to do that

0:52.1

thing oh I've got to put that on my to do list all devotes in my Saturday to maintaining that thing to taking care of that thing washing that thing

0:59.2

Winterizing that thing rapping that thing, whatever it may be. And that overhead can be significant.

1:07.0

Think about the overhead that I get from, say, planting a garden. Yes, you're hoping for a great harvest and I love gardening, but to pretend there was no mental

1:14.8

overhead with that garden once it's planted, not even close. You're thinking, how is the

1:19.5

soil? Is it moist enough? Do I need to measure the pH?

1:23.0

Is it get enough sun?

1:25.0

How will I rotate the crops?

1:26.0

You know, should I re-seow some other lettuce or something?

1:29.0

And there's just always some to-does that are tacked on with anything you undertake.

1:35.2

And when you own something, you are accepting a whole lot of to-do's.

1:38.8

And again, I'm not talking about, last week we were talking about money and insurance costs and repair and maintenance costs.

1:45.4

I'm just talking about the mental overhead of owning a home, an expensive toy, an expensive car that you suddenly feel like you should wash in detail more often.

1:57.0

Just anything where that ownership of the thing demands a little bit of your time.

...

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