Rule One: First Principles & Making Better Decisions Through Tradeoffs
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English - August 27, 2022 06:00 - 24 minutes - 23.6 MB - ★★★★★ - 60 ratingsEntrepreneurship Business Management cashflow finance budget Homepage Download Apple Podcasts Google Podcasts Overcast Castro Pocket Casts RSS feed
Previous Episode: Running Your Business on YNAB: Mark's Complete Onboarding Process
Mark and Jesse revisit YNAB's Four Rules to explore whether there's a deeper, more universal concept underlying them. It's often been said that Rule One -- give every dollar a job -- is about aligning your money with your priorities. While that is true, there's a deeper truth. Rule One is really all about tradeoffs, or opportunity cost, in that when you give a dollar a job, it then ceases to do every other job which it could have done. The tradeoff reveals the priorities, or value set, of the budgeter.
Mark Butler, Virtual CFO
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