"For all the little things we spend our money on like fast food and starbucks, this alone over a long period of time could end up to be a considerable amount. Say you spend on average roughly $10 for lunch and starbucks. Over a year it’s $3,650 and over thirty years it comes to 109,500! Now imagine you put this money away in the stock market in some kind of an index fund, which historically averages about a 10% return. You would end up with 660,443.50! Isn’t this amazing? So yes, your daily fast food and starbucks is costing you over half a million dollars. This is also known as the Latte factor."
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I'm going to start saving $10 a day. How about you?
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I've often said I wished I bought a latte a day or smoked cigarettes or drank soda or got fast food a few times a week or something that I could quit doing. But I don't do any of that. Bummer. No "found" money for me lol
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