Rule Four and Waistlines
The Jesse Mecham Show
YNAB
4.7 • 1.1K Ratings
🗓️ 9 September 2019
⏱️ 9 minutes
🧾️ Download transcript
Summary
Jesse goes back to basics and breaks down YNAB's Rule Four: Age Your Money
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Transcript
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| 0:00.0 | Hello, Winebbers my name is Jesse Meekham and this is podcast number 392 for |
| 0:09.6 | Wineb where we teach you four rules to help you stop living paycheck to |
| 0:12.2 | paycheck get out of |
| 0:13.3 | debt and save more money we're going back to the basics people we've talked |
| 0:17.6 | about rule one give every dollar a job give every dollar a job. |
| 0:22.6 | Rule 2 where you embrace, you don't shun, you embrace your true expenses, even the kinds you don't like or find a little weird at family reunions. |
| 0:29.8 | Rule 3 where you give every dollar a job, you are a war monger looking to overtake every other |
| 0:36.5 | country that has ever given you problems and then rule benevolently from that time forward. So you just tell your dollars what to do and when new |
| 0:45.0 | things come up you change your strategy, change your tactics and win at any |
| 0:49.4 | and all costs. Ethically speaking of course. Now rule four age your money. It's a different |
| 0:58.4 | concept but it's not new. It's just a different spin on things. We want you, I want you, to think about that dollar in your |
| 1:07.6 | pocket or in your account and ask yourself, when did I earn that dollar? That next dollar that I'm going to spend when did I earn it and then the next time you go to some store |
| 1:18.1 | Because you wanted to because you have absolute intention you go to that store and you spend your money and your |
| 1:25.0 | money is doing exactly what you want it to do and then you just ask yourself that |
| 1:29.9 | dollar I just spent when did I earn earn that? Did I earn it yesterday? That dollar was a |
| 1:35.0 | day old. Did I earn it a week ago? That dollar is a week old. Did I earn that a |
| 1:40.3 | year ago? That dollar is a year old. and if you find yourself in retirement |
| 1:45.0 | slowly slowly drawing down on that massive nest egg you built because you |
| 1:49.8 | overtook the country called retirement in style? |
| 1:53.3 | Well, if you have that massive nest egg that's available, |
| 1:57.4 | and you look at that dollar and you say, |
| 1:58.7 | when did I earn this dollar? |
... |
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