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The Jesse Mecham Show

What's the Alternative?

The Jesse Mecham Show

YNAB

Kids & Family, Education

4.71.1K Ratings

🗓️ 22 April 2024

⏱️ 8 minutes

🧾️ Download transcript

Summary

Jesse reviews the Four Rules and takes issue with those who say, "yeah must be nice to have extra money to make a plan with... everything I make is spoken for." It's true, there are some people who have a legitimate income problem. But this argument often becomes an excuse to not actually make plans for your money, to not try to follow the rules and start to get ahead on your expenses. After all, what's the alternative?

 

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askjesse@ynab.com

 

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Transcript

Click on a timestamp to play from that location

0:00.0

Hello, Wineabbers. My name is Jesse Meek.

0:07.0

I'm with another episode of the Wineab podcast and I'm here each week to obsess out loud to y'all about spending purposefully saving aspirationally and even

0:16.2

giving joyfully. It all comes down to just these four simple habits. Let us

0:20.4

review. Give every dollar a job, embrace your true expenses, which means you look

0:25.6

ahead to larger, less frequent expenses, you break them up into smaller monthly amounts,

0:29.8

and now when you're giving every dollar a job, you're also thinking about future you, and your decisions

0:34.3

become a little more clarified, a little more obvious even.

0:38.9

Rule 3, roll with the punches.

0:41.0

Change your plan, it's your plan, it remains your plan, even after you've said it's your plan, it remains your plan. It's your plan. It remains your plan. You can

0:45.9

change it. Don't change it too much. Don't pretend you're planning when

0:48.7

you're actually just writing something in sand. The wise man built his house upon a rock,

0:54.1

and foolish man did it on sand.

0:57.2

And I think we want to be somewhere in the middle.

0:59.5

And I think my analogy broke down,

1:01.2

but I can't re-record these are one-take situations so we're just

1:04.8

gonna go with that the fourth rule is to age your money it tastes better no it

1:09.6

actually just means that you want to spend money that you earned a little while ago.

1:15.0

30 days, 40 days, 80 days.

1:17.5

Kind of depends on your situation, what age of money you find optimal.

1:22.0

You will find as you follow the first three rules, the fourth rule

1:24.8

does kind of just take care of itself. You will find that money just sits and having money sit

1:32.0

and not do anything at all for you except tell you that it's there for something off in the future, it is so empowering.

...

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