Coffee lovers, rejoice. You can have your latte and a prosperous retirement, too.
Many mainstream financial experts have used coffee as a prime example of wasting money, saying your morning coffee ritual from Starbucks SBUX, -0.25% or a local cafe are killing your chances of properly retiring. Suze Orman, author of numerous personal finance books and a television host, said a daily coffee habit is essentially like “peeing $1 million down the drain.”
Takeout coffee is a want, not a need, she said. “I wouldn’t buy a cup of coffee anywhere, ever — and I can afford it — because I would not insult myself by wasting money that way,” she told CNBC.