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The Jesse Mecham Show

283 - The Debt Consolidation Myth

The Jesse Mecham Show

YNAB

Kids & Family, Education

4.71.1K Ratings

🗓️ 17 July 2017

⏱️ 8 minutes

🧾️ Download transcript

Summary

The launch of YNAB's new 80/20 guide, "The Debt Consolidation Myth"

Transcript

Click on a timestamp to play from that location

0:00.0

Hello, Wienabers. My name is Jesse Meekham. This is podcast number 283 for Wienab, where we teach

0:10.0

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

0:14.7

money let's talk about getting out of debt today I am very pleased to announce that I

0:19.0

wrote a little guide I call it an 80-20 guide and we might start rolling these out here in the future if people

0:24.1

like this one.

0:25.1

I wrote an investing book a while back that we're probably going to bring under this 80-20 guide

0:29.7

umbrella but the idea is you know the Pareto, 80% of your success comes from 20% of your

0:34.4

effort, 80% of your revenue comes from 20% of your customers, 80% of your

0:38.0

problems come from 20% of your customers, 80% of your

0:40.4

team issues come from 20% of your family, which is your one teenager. Anyway, Pareto's principal. You can see it all over, all over

0:47.6

the place and it holds true in business, it holds true in family it seems and I really like that concept as it relates to just kind of

0:57.4

tackling issues so in the investing book that I wrote many years ago we just

1:02.3

I really just wanted to say,

1:04.0

hey, if you know just this 20%,

1:06.0

you'll do better than 80% of the people out there.

1:09.0

And I decided that I wanted to really tackle

1:12.0

the idea of debt consolidation because you see that all the time still to this day

1:16.7

You see people wondering if they should consolidate their debt not get out of debt but consolidate their debt just moving things around shifting things

1:24.6

and I wanted to tackle that so it's on Amazon it's uh if you're on Kindle unlimited

1:29.8

which hopefully most of you are then it's set for free and you don't need to worry about paying for it.

1:34.7

I did not put it out there to try and make money.

1:37.4

So that being said, if you don't have Kindle Unlimited, it's a buck and, you know,

...

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