How-to: Create a handy running word/character count in TextEdit

I write every day for my work and projects. I have to write short-form, long-form and ultra-short for places like twitter and FB. Getting character and word counts right makes my editor's lives easier and helps me to estimate. if you like the sparse simplicity of writing in TextEdit then this short hack is for you. It should take about two minutes to set up. 

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