Monday, December 23, 2019
Suze Orman Stop buying coffee and you could be a millionaire
Suze Orman Stop buying coffee and you could be a millionaireSuze Orman Stop buying coffee and you could be a millionaireThere are two types of people in this world Those who enjoy a cup of coffee while sitting in a cafe or while on the go and dont mind paying for this daily convenience, and those who are convinced that this expenditure is keeping you from knowing true wealth.The latter are the people who use on using latte calculators to add up the amount of Starbucks lattes you spend in a year and shoving it in your face. Try Googling, I never buy coffee.Follow Ladders on FlipboardFollow Ladders magazines on Flipboard covering Happiness, Productivity, Job Satisfaction, Neuroscience, and moreFinancial guru Suze Orman has joined the anti-coffee club in a big way. She wouldnt buy a cup of coffee anywhere, the multi-millionairetells CNBC Make It. Moreover, she says, a daily coffee habit is the potential waste of a million dollars.You go in every single day and you spend a dollar to thre e dollars, she chides. Well, more than that, in some citiesOrman goes on to say that a daily coffee habit is approximately $100 a month, and $100 a month in a Roth IRA over 40 years is a million dollars. Well trust her math on that one.And so, You are peeing a million dollars down the drain after you are drinking that coffee.Yes, Suzie, we are. But boy, do we love our daily coffee ritual the very best part of a morning routine. Because of course, youre not always paying for the coffee. Sometimes youre paying for the convenience, or for a place to sit on your way from here to there, or for a few moments alone in the middle of the city.So what would you rather have at retirement having enjoyed the many pleasure of a million coffees, or a million dollars? Some days, its a toss-up.You might also enjoyNew neuroscience reveals 4 rituals that will make you happyStrangers know your social class in the first seven words you say, study finds10 lessons from Benjamin Franklins daily schedule t hat will double your productivityThe worst mistakes you can make in an interview, according to 12 CEOs10 habits of mentally strong people
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