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Today we’re talking about something called “The Latte Factor” and wasting money. When we talk about the latte factor, this isn’t a boycott against Starbucks or anything like that.

The "latte" is simply a metaphor for the tiny purchases we make every day, without thinking, that bleed money from our pockets. It’s the candy bar at the gas station, or the souvenir at the airport. The latte is different for each and every person.

The thing that irks me the most, is when I read an article on the internet, and people do these ridiculous formulas like I gave at the beginning of this video.

“Skipping your latte 5 days a week is $25/week you could be saving. That’s $100/month. Invested over the next 30 years, that’s $150,000 you could be missing out on!” They're not wrong. That's what the math comes out to. But you know what? 30 years is a LONG TIME.

And some point between now and 30 years from now, I’d like to live life at least a little bit.

Okay, now obviously, there’s got to be a happy medium, right? We can’t be super penny-pinching stingy, but we also can’t splurge all the time either. There has to be a fine balance.

My recommendation is this: Find one or two things that are really important to you, budget for them, and then cut back on things that don’t matter to you as much.

I guess in closing, all I’m trying to say is that, “Yes, be mindful of your finances. Pay close attention to them, budget, save, pay off debt, and invest.” But you also can’t put off gratification forever until you retire and THEN begin to enjoy life. And I think sometimes we lose sight of that.

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GoPro Hero 6 Black: [ Ссылка ]
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Music: Epidemic Sound

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