ONE SIMPLE HABIT THAT CAN SKYROCKET YOUR RETIREMENT FUNDS.
18th October, 2020
Simple habits are what make up our daily lives. They are simple, yet, they have so much power they can make you happy, sad, stressed, strong, poor, or wealthy. This is why we need to take note of the simple things we engage in and modify them for our benefit which includes planning for comfortable retirement.
David Bach, a self-made millionaire wrote that “we a throw away too much of our hard-earned money on unnecessary ‘little’ expenditures without realizing how much they can add up to”
Coffee drinking is one simple habit that can be modified into wealth building.
Investing 1 cup of coffee a day can add $70K to your retirement funds - This is massive!
Most of us rely on many cups of coffee to get through the day. Surviving a whole workday without coffee may be impossible for coffee lovers. However, setting aside money for just one cup of cappuccino a day, 5 days a week, for investment can make a big difference to our retirement goals.
The below chart illustrates how much we could accumulate if we start with US $500, and invest just $87 monthly (~ $4 #cappuccino a day, 5 days a week for a month) in a balanced basket of ETF's returning 10%.
Clearly, the longer we stick to our coffee investment plan, the bigger our rewards will be. Of course, drinking one less cup a day is easier said than done but it’s worth the huge benefits.
Start investing your coffee money in wealth-building today, in a few years from now, you will be glad you started early.
