The One Number Budget: Simplifying Financial Planning for Retirement with John Crane

Welcome back to Don’t Retire… Graduate! On this episode we’re joined by John Crane, a financial advisor and author of The One Number Budget.   In the episode, Eric and John share their dislike of traditional budgeting—which Eric less-than-affectionately calls the “B-word”—and go through John’s exercise of finding the “one number” you need for this new budgeting concept.   In this episode we’ll talk about: •Budget shaming and why it’s harmful •Taking a lifetime approach to budgeting •What it means to find your number and how to do it •Importance of financially funded retirement •Avoiding financial vampires •Figuring out how to use accumulated wealth, create income, manage taxes, and avoid running out of money before running out of oxygen •The concept of human life value and why it matters •How Target has perfected the art of being a financial vampire and driving impulse purchases •spending for love and how it can hurt your finances •long term care insurance and how it can impact multigenerational planning [embed]https://youtu.be/etKxXHUWGaU?si=9LdysRfO_6nsp_JJ[/embed] About John Crane: Author, financial advisor, and retirement income planner John W. Crane has spent more than a decade providing personalized financial guidance to business professionals, corporate executives, and medical specialists, utilizing a comprehensive planning process to identify each client’s unique goals. He’s a member of the National Association of Insurance and Financial Advisors and has received top honors from the premier association of financial professionals, MDRT. A lifelong learner himself, John shares his expertise with students at hospitals and high schools throughout Washington, D.C.   www.cranefinancial.com/ www.linkedin.com/in/johncrane/ Visit dontretiregraduate.com for a full transcript of this episode.