Save Money And Get Rich Faster

Save Money And Get Rich Faster

Save Money and​ Get Rich Faster
I just finished a​ Venti Latte at​ ​ Starbucks,​ my fifth this week .​

as​ I​ ​ enjoyed my coffee and​ thought about my next save money grow rich article,​ it​ hit me like a​ ton of​ bricks that my coffee could be the​ subject of​ my article .​

I ​ started doing the​ math on​ the​ latte in​ my hand; Three dollars and​ forty cents multiplied by five times a​ week multiplied by fifty two weeks .​

That’s eight hundred and​ forty dollars I’m spending a​ year on​ fancy coffee! if​ ​ I​ ​ saved that money each year and​ invested with five percent interest,​ which is​ pretty easy to​ get,​ I​ ​ could have sixty thousand dollars in​ thirty years .​

I’m spending sixty thousand dollars on​ a​ cup of​ coffee .​

I’m not even accounting for inflation which is​ going to​ make that latte cost over eight dollars in​ the​ last eight to​ ten years of​ that thirty year period .​

at ​ eight percent interest it​ would be one hundred and​ ten thousand dollars .​

What little things are you spending your money on? You might not drink fancy coffee,​ but I’ll assure you that there are other things you’re spending your money on​ that can be cut from your budget .​

That money can be saved,​ grown,​ and​ used to​ become rich or​ at​ ​ least retire comfortably .​

How much do you spend on​ bottled water,​ cigarettes,​ beer,​ and​ lottery tickets? You don’t have to​ give up all of​ your favorite vices…,​ I​ ​ mean luxury items .​

Life is​ pretty boring if​ ​ all you do is​ save every penny,​ but it​ is​ a​ good idea to​ take an​ inventory of​ what you are spending,​ what you can give up,​ and​ what it​ is​ worth to​ you in​ future dollars.
Track your daily expenses for a​ week .​

Make a​ list of​ each of​ the​ expenses and​ separate them into the​ items that are absolutely necessary,​ like gas,​ and​ the​ items that are not necessary,​ like the​ coffee.
Here are some other areas that you can cut back and​ save
Eating out .​

Only eat out occasionally and​ take your lunch to​ work.
the​ mid afternoon candy bar .​

Hey,​ it’s good for your health too.
Prepacked convenience foods .​

Carry over credit card interest .​

Pay your credit card bill off monthly .​

Extra cable channels.
You’ll be amazing how fast you can come up with two hundred and​ fifty dollars a​ month that can be saved .​

Using the​ savings calculator at​ ​ you can see that two hundred and​ fifty dollars saved monthly for thirty years adds up to​ a​ lot of​ money .​

Time to​ ditch the​ latte,​ save money,​ and​ get rich faster.

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