Robert Croak
speaker
5,698 appearances
34 recordings
1 series
first heard Jun 2026
last heard 4d ago
Robert Croak’s voice in public audio — every appearance, attributed to the second.
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recordings per month · last 12 monthsRecordings per month over the last 12 months — 34 in all, peaking in Aug 2026 with 13.
Appearances
I know that's a lot, but follow along.
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And because of the math we just walked through, that has a massive multiplying effect.
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Remember, we divided our income gap by 4% to get our nest egg target.
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That means every $1,000 a month you cut from your expenses is $12,000 a year you don't need your portfolio to generate
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And here's the kicker, which means $300,000 less you need saved using that same 4% math.
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So let's say that again.
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Every $1,000 you can cut from your monthly budget is $300,000 less that you need in your nest egg.
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So lowering your expenses isn't just saving money.
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It's directly shrinking the size of the mountain you have to climb heading into retirement.
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Yeah, I think, and we've talked about this many times, this is where the real debate comes in.
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Because if you locked in a mortgage at 3% or 4% and your portfolio is earning meaningfully more than that, that's where the real argument for keeping the cheap debt and letting your money keep compounding elsewhere instead of rushing to pay it off, that's where it all comes in.
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And there's no universally right answer here.
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It depends on your risk tolerance and, honestly, your peace of mind.
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Some people sleep better with zero mortgage payment, regardless of the math.
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And some people would rather arbitrage that money and keep the low interest mortgage and make more with their money in the stock market.
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That is why personal finance is personal.
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But I also want to cover car payments because in this category, it could be subscriptions you forgot you're paying for, memberships you don't use, whatever reoccurring expenses have crept into your life over the years.
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These are smaller individually, but they do add up, and they're the easiest to cut because there generally is no real tradeoff.
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Yeah.
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I agree, Austin.
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Showing 61–80 of 5,698 · page 4 of 285
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