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The Jesse Mecham Show

A Major Downside to Not Having Money Stress

The Jesse Mecham Show

YNAB

Kids & Family, Education

4.71.1K Ratings

🗓️ 30 January 2023

⏱️ 5 minutes

🧾️ Download transcript

Summary

Not having money stress is a GREAT feeling to have. But a YNAB employee, Katie, pointed out a downside to it -- people assume you make more money than you really do. Because who else would  have no money stress except people who are rolling it in?

 

Got a question for Jesse? Send him an email:

askjesse@ynab.com

 

Sign up for a free 34-day trial of YNAB at www.youneedabudget.com

Transcript

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0:00.0

Hello wineappers, my name is Jesse Mekin with another episode of The One and Podcast where

0:09.0

we teach you four rules to help you stop and pitch.

0:11.0

You can pitch, I can get out of debt and save more money trying to have you ultimately

0:20.1

really transform your relationship with money.

0:24.0

You want you to not have it be so stressful or as Katie says that works at wineapp, she

0:31.8

said there is one big downside to radically transforming how you work with money, adopting

0:38.6

the four rules, living the method.

0:41.9

It's a massive downside and it is that you are friends because you are so chill and relaxed

0:49.2

about money.

0:50.8

Your friends think you make 250 grand a year and that is a downside because then when

0:58.7

the bill comes they look at you, you know, they just think, well Katie can cover that.

1:05.9

She obviously makes 250k because she is so chill and relaxed when it comes to money.

1:12.8

Everyone knows the way you relax about money is you increase your options.

1:17.4

So yeah, someone that makes 250k all else equal, they will be more relaxed because they have

1:21.8

more options but it's not about making more money every once in a while it is.

1:26.6

But for those of you listening to this podcast, for what we know about you and what you've

1:31.7

told us about yourselves, it really for the most part is not about making more money.

1:37.3

It's about having the money do what you really want it to do.

1:40.9

And if you want to be relaxed with your money, just start building up a pile of decisions

1:46.5

not yet made and that is called cash.

1:49.9

You just pile it up so you look ahead to larger, less frequent expenses.

1:56.8

You brainstorm, nothing's off limits.

...

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