ILLY Coffee - Smart Financial Stewardship

David Bach, financial guru and author of the annoying "Finish Rich" series of books, coined the term "Latte Factor." He describes the concept as follows:

The Latte Factor® is based on the simple idea that all you need to do to finish rich is to look at the small things you spend your money on every day and see whether you could redirect that spending to yourself. Putting aside as little as a few dollars a day for your future rather than spending it on little purchases such as lattes, fancy coffees, bottled water, fast food, cigarettes, magazines and so on, can really make a difference between accumulating wealth and living paycheck to paycheck.

$5 per day (the average cost of a latte and a muffin) x 7 days = $35 per week;
$35/week = $150/month ;
$150 per month invested at a rate of 10% annual return =
1 year = $1,885 ; 2 years = $3,967; 5 years =$11,616; 10 years = $30,727; 15 years = $62,171 ; 30 years = $339,073; 40 years = $948,611
Take action today!

SO I'M TAKING ACTION TODAY (!) BY BUYING THIS $15 CAN OF ESPRESSO TO MAKE AT HOME IN MY MR. COFFEE--I'M GOING TO BE RICH, B*TCHES, RICH!

(I may still indeed retire dependent on the crumbs of Social Security, but at least I'll have good coffee to go with them.)