Rule One Reviewed
The Jesse Mecham Show
YNAB
4.7 • 1.1K Ratings
🗓️ 8 May 2023
⏱️ 5 minutes
🧾️ Download transcript
Summary
Jesse is going back to basics and reviewing the Four Rules, which are the foundation of YNAB. The first rule: give every dollar a job. What does that mean exactly? YNAB wants you to live and spend according to your values and priorities -- the things that are most important to you. In order to do that, you first have to start giving your dollars jobs that are in line with your priorities. That's the heart of Rule One.
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Transcript
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| 0:00.0 | Hello, Wine Appers. My name is Jesse Meakin with another episode of The Wine App Podcast, |
| 0:08.6 | where we teach you four rules to help you stop and paycheck to paycheck, get out of |
| 0:11.6 | debt and save more money. Really, what we're talking about is making sure that you're spending |
| 0:16.2 | lines up with the kind of life you want and you're spending gets you that or doesn't. |
| 0:21.1 | But we've been talking so much about credit cards and I don't know, little nitty gritty details |
| 0:28.0 | that I thought we would step back for the next few weeks and review. |
| 0:31.5 | Well, let's review the method. Let's talk about rule one today. |
| 0:34.8 | And yeah, let's just riff on this a little bit. A lot of the time what happens is people come to |
| 0:41.2 | Wine App and they're just feeling like they're stuck. They're just in this cycle of earn, spend, |
| 0:46.7 | earn, spend and you look back and you don't really have a lot to show for it. |
| 0:50.7 | And so you start to think to yourself, well, hold on a moment, I'm making good money. |
| 0:55.8 | This really shouldn't be the case. Like one, it shouldn't be this hard to get ahead. |
| 1:02.1 | Two, you look at how much money you're making and you're like, I should be doing better. |
| 1:06.4 | And three, and kind of more of a macro view, you're looking at your life and you're saying, |
| 1:12.4 | I'm not even sure my money is really helping me achieve what I want. Whoa, I'm not even sure. |
| 1:17.5 | I know what I want. And I get that because what I want seems to change with the weather. |
| 1:24.8 | And that changes a lot right now. Rule one is really about making sure that your money |
| 1:32.6 | just lines up with the life you really want. So the hard work, a lot of the times, |
| 1:36.9 | once you kind of got in the details of the software dialed in, which you know, one or two little |
| 1:42.3 | workshops away and you're good to go. But what I'm talking about here is knowing what you want |
| 1:48.8 | out of your life, like thinking, what do I want to achieve? What do I want my life to look like? |
| 1:55.0 | And then you build your categories that look like that ideal life. And you start funding |
... |
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