How coffee lovers can enjoy that Starbucks trip and still achieve financial security

Pick any personal finance guru’s TED talk or “how to save money” blog post, and there’s a good chance you’ll hear something about eliminating small luxuries for budgeting purposes.

Making coffee at home could save you a gazillion dollars per year!

Switching from a $5-per-day Starbucks habit to making Folgers at home can help you save a substantial amount of money over time. (More than $1,500 per year, to be precise.)

Is switching from freshly ground, mocha-whipped coffee to freeze-dried coffee going to increase your chances of success in the grand scheme of things?

These apps teach young adults the life skills they need to survive in the real world that college did not.

The author of “I Will Teach You To Be Rich,” Rami Sethi, is skeptical. According to Sethi, we should be concentrating on the big picture, not the small details.

In a recent tweet, Sethi summarized the situation as follows: “Buy as many lattes as you desire. A $5 coffee will not change your financial situation. However, learning how to invest automatically, choose the appropriate asset allocation, and negotiate a $15,000 raise will. I believe in asking $30,000 questions, not $3 questions.”

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