Coffee A Day and $15,000 Difference In Net Worth

Okay, I know the title of this post is a bit strange, but if you read on you’ll get at what I’m trying to say. Most people view spend and saving as equal opposites. For example, saving $3.33 is the opposite of spending $3.33 on a cup of fancy coffee. This makes sense if you are thinking about your math class and what you were taught in school. Therefore most people assume it’s the truth with personal finances as well. Making this assumption, however, is not only incorrect, it can have a devastating effect on your net worth. Let me explain a little further:

The problem with the $3.33 saved and $3.33 spent on coffee not being equal arises because the amount you can earn in in

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3 Responses to Coffee A Day and $15,000 Difference In Net Worth

  1. Loi Tran says:

    Little things add up, but people need to watch out for the big purchases also. If they save on small stuff and spend on big stuff, in the end, they’ll spend all that they save on the little stuff and more.

  2. Bored says:

    I must say that I began falling into the fancy-coffee/day trap, until I realized how much I was spending!

    But its soooo good! Personally, I limit myself to only 1 coffee every saturday morning now…so in a way I get to have my fix, with only 1/7 the cost! :)

  3. B. Durbin says:

    If you really really can’t forego the fancy coffee, get a job as a barista, or at least enough training to make the coffes yourself. They really are not hard once you’ve got the basic tricks down.

    (NB: I don’t drink coffee, but I love to make the fancy drinks.)

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