Can you retire rich by cutting out your daily coffee purchases? It’s a personal finance debate, popularized in The Latte Factor by @AuthorDavidBach, that never goes away. Here’s a discussion thread that veers into satire and silliness. twitter.com/dougboneparth/…
If you buy a $3 cup of coffee on your commute to work 5 days a week, you’d spend $90/mo. That’s $1,080/year.
If you invested $90/mo at a 6% rate of return for 5 years, you’d miss out on a simple joy that makes life worth living.