Save Money And Get Rich Faster

Summary: I just finished a Venti Latte at Starbucks, my fifth this week. As I enjoyed my coffee and thought about my next "save money grow rich" article, it hit me like a ton of bricks that my coffee could be the subject of my article. I started doing the math on the latte in my hand; Three dollars and forty cents multiplied by five times a week multiplied by fifty two weeks. That's eight hundred and forty dollars I'm spending a year on fancy coffee!

I just finished a Venti Latte at Starbucks, my fifth this week. As I enjoyed my coffee and thought about my next "save money grow rich" article, it hit me like a ton of bricks that my coffee could be the subject of my article. I started doing the math on the latte in my hand; Three dollars and forty cents multiplied by five times a week multiplied by fifty two weeks. That's eight hundred and forty dollars I'm spending a year on fancy coffee! If I saved that money each year and invested with five percent interest, which is pretty easy to get, I could have sixty thousand dollars in thirty years. I'm spending sixty thousand dollars on a cup of coffee. I'm not even accounting for inflation which is going to make that latte cost over eight dollars in the last eight to ten years of that thirty year period. At eight percent interest it would be one hundred and ten thousand dollars. Yikes! What little things are you spending your money on? You might not drink fancy coffee, but I'll assure you that there are other things you're spending your money on that can be cut from your budget. That money can be saved, grown, and used to become rich or at least retire comfortably. How much do you spend on bottled water, cigarettes, beer, and lottery tickets? You don't have to give up all of your favorite vices