Owen Rascovitch

So one of the things we touched on earlier on is about fees.

The fees are typically coming down across the industry.

And we did this example at the beginning of the show, which was save $50 a week, which is pretty reasonable.

You invest it, you get a 10% return and that's not excluding, like that's after fee.

So it's a pretty good return.

It may or may not be achievable, but anyway.

And then you do that for 30 years.

And we said that you come out with $428,000.

Yeah.

We just did another example using the same calculator, but we did the same thing but with 1% in fees.

So instead of returning 10%, you return 9%.

It's a very small difference in the face of it.

You think, oh, 1% of fees, I've only got $5,000 invested, bugger all.

Well, under the same scenario, that $428,000 becomes $355,000.

Yeah.

So all of a sudden you're paying 1% in fees, but you're getting 17% less at retirement or whatever this goal is that you have for yourself after 30 years.

So the point here is that the smallest, smallest little difference can have a huge impact down the line.

And the way I think about that is imagine like if you have a set of binoculars and you're looking a long way away at your financial goal, it might be retirement or whatever, and

If you tilt those binoculars down or you shake a little bit, you're going to be looking at something totally different to what you were looking at in the distance.

And that's the way I think about it is that if you just make a tiniest little change, it can have a huge impact on what you're actually looking at.