Rule Zero Morphs Before Your Very Eyes

The Jesse Mecham Show

YNAB

Kids & Family, Education

4.7 • 1.1K Ratings

🗓️ 13 April 2020

⏱️ 4 minutes

🔗️ Recording | iTunes | RSS

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Summary

Last week Jesse discussed the importance of Rule #1, giving every dollar a job. Rule one is always important, but in uncertain times like these it takes on renewed significance. Jesse has often talked about the rule before the rule, though, the so-called Rule Zero.

Rule Zero is understanding what's important to you, why you're bothering to give your dollars a job in the first place. At the end of the day, to what end are you budgeting? What's the purpose?

In the wake of the pandemic and economic woes gripping the country, consider whether the answer to Rule Zero has become clearer to you. Perhaps in these times you can find not only the resolve to budget like you've never budgeted before, but also to clarify why you're budgeting in the first place.

Transcript

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0:00.0	Hello, Wine Members. My name is Jesse Meekham and this is podcast number 424 for
0:09.2	Wineab, where we teach you four rules to help you stop living paycheck to
0:12.0	paycheck, get out of debt and save more money
0:15.3	even during these absolutely crazy times. I'm hedging here in that I'm recording this 10 days from when it will go live and that feels like I'm recording it for you to listen to in 10 years and I feel like I will sound like an idiot with whatever I say having 10 years pass in the next 10 days and then you listen to being like
0:40.0	Jesse what are you? Get a clue, man. Anyway, so at the risk of having you wonder what the heck
0:48.4	I'm talking about, because I'm having to talk to you so far away from current time.
0:54.4	Here we go.
0:56.1	Couple things I've noticed, but we do, well, let's just say this.
1:00.0	If Rule 1 is to give every dollar a job,
1:01.7	and we talked about that last week, you've never budgeted at a time like this,
1:05.7	but budgeting still is proactive planning given any situation.
1:10.5	And a dire situation does not mean that you stop budgeting.
1:15.0	Quite the opposite. It means you dig in.
1:18.0	So the worst things get, the more you need to budget and I don't mean budget like Jesse's company you
1:27.0	need a budget I mean plan be proactive take control think things through and just take that one step at a time.
1:37.0	However, to back up just a little bit and maybe go a smidgin lighter, not meme light, the memes are getting old.
1:46.8	Rule zero is where we talk about how you have Rule 1 and you're given every dollar a job, but Rule
1:52.4	Zero is like this rule before the rules
1:54.9	where it's about your priorities at a higher level it's about your life it's about your
1:59.5	values what you really really care about.
2:03.0	And I just want to say this,
2:04.0	I actually want to make this podcast a little shorter today.
	...

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