Rule One: First Principles & Making Better Decisions Through Tradeoffs

<p>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 <em>tradeoffs</em>, 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.</p> <p> </p> <p>Mark Butler, Virtual CFO</p> <p><a href="https://markbutler.com">https://markbutler.com</a></p> <p><a href= "https://letsdothebooks.com">https://letsdothebooks.com</a></p> <p> </p> <p>You Need a Budget</p> <p><a href= "https://www.youneedabudget.com">https://www.youneedabudget.com</a></p>