Watch Me Become A Millionaire

I will be the first person to admit that I will occasionally go and spend around $4 for a latte at a coffee place.  In order for me to achieve my ultimate goal of financial independence, I have to curtail this activity somewhat.  But again, going to extremes on any matter is usually, in my opinion, not a productive thing to do.

Instead of cutting out going to coffee shops entirely, I will limit myself to getting a coffee on a special occasion - Say, on the Friday at the end of a work week in the evening, and maybe one more on the weekend.  To those who buy 3-5 coffees a day, this may sound absurd - But I was one of those people who would buy 3 or 4 lattes in one day.  4 lattes! That’s around $16! Multiply $16 by 365 days and you’re spending $5840 a year.. on coffee!

That’s the same coffee you can make at home! Yeah, I know - “It’s the ambiance“. I’m not paying $5840 a year for that ambiance anymore.  A latte here and there is okay for me - But not 3-4 a day.

Look at it this way; With all of the money you save not spending on lattes, you can actually buy stock with the coffee company instead.

This entry was posted on Thursday, November 15th, 2007 at 12:57 pm and is filed under Finance. You can follow any responses to this entry through the RSS 2.0 feed. Responses are currently closed, but you can trackback from your own site.