Hello, why-nabbers. My name is Jesse Meekham, and this is the inaugural podcast for you need a budget

where we teach four rules to help you stop living paycheck to paycheck, get out of debt and save more money.

Welcome to our very first podcast. I look forward to doing a lot more in the weeks, months, and years to come.

This podcast will go out every Monday

and hope you can find some time to listen to it on your way to work,

on your way from work, while you're working out, or maybe while you're budgeting.

I hope to provide some motivation, some inspiration, some things to think about, different ways of looking at your money.

Many of you know exactly what we're about and maybe there are some of you listening that don't know a thing about us.

The website is you need a budget.com. People call

it Y-Nab for short. We have four rules. First rule is to basically give every dollar a job.

Second rule, save for a rainy day. The third rule is to roll with the punches and the fourth rule is to stop

living paycheck to paycheck and some of you are probably saying that's not a rule that's a

mandate and it kind of sounds like that and it's certainly not very creative but it does work.

And I want to talk about Rule 1 today, excuse me, Rule 4 today, being our first podcast, we'll talk about the fourth rule. There's a

stat that's been floating around for a long time 70% of people live paycheck

to paycheck and I actually heard recently that it's 80% so I don't know if

that has something to do with the economy this great recession that we're in but

70% or 80%, whatever it is, it's the majority of people,

and there's a portion of that stat that is rarely mentioned but extremely important.

And that is that 70% of people live paycheck to paycheck

regardless of their income.

So you think about that for a moment. You think where you are

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