According to one investment expert, each $5 cup of coffee you buy at age 30 costs you $225 in retirement.
Phil Davis, author of the investment newsletter philstockworld.com, writes that $10,000 invested at 10 percent can turn into a half million in 40 years.
And how do you get to the $10,000? Look at your lifestyle: A $10,000 cheaper car, fewer fancy vacations, and maybe a less expensive cup of coffee.
It's a good lesson to remember that each $10,000 spent at age 30, costs about $450,000 at age 70. – 51-x
Rick Good spent ten years in the newspaper business, including with The News & Observer (Raleigh, NC) and The Greenville News (Greenville, SC). He co-wrote, with Melinda Coleman, Rutledge to Riley: Governors of South Carolina, 1776–Present (Published by The Greenville News), and is the author of Mind Games Trivia #1 (Amazon). He has recently spent 15 years creating original trivia content through Sounds Good Mobile Entertainment and continues that with his new company, SGME Software. He edits The Smart Reader’s money, real estate, and business coverage.