What Is Your Latte Factors?

Have u heard the term “The Latte Factor?” mmmm, no, its not about phsyics, math? Wrong again. Yup, that’s it. Latte factor is about coffee but its impact your pocket dramatically. Yes its effect ur wealth. How it works……?

Latte factor talks about how much money are you wasting every day. It originate from American drinking two cups of coffee habit, I think 80% people in the world do. In America, people drink coffee two cups every day, if the price of a cup coffee is $5, each day evey American citizen spend $10 or $300 a month. If someone reduce their spend on coffee , become a cup coffee every day it mean he save $150 every month. If he put that money on the bank account, with the bank rate 4 % annually, he will receive $ 55.000 after 20 years after and its equal to present value $ 27.500.

Ok, ok, the number could be debatable, but the idea is ingenious. It created base on the simple idea that first thing you need to do to finish rich is look at small things on which you spend your money every day and see whether you could redirect that spending to your self, in this example putting five dollar on the bank account rather than a cup of coffee. You could find ur latte factor by your self base on your live style.

For most of us, there is no faster or more effective and easier way to take control of your financial destiny than to find out exactly how much potential wealth you are squandering as a result of unnecessary spending on non primary expenditure. Finding your latte factor is not the only way to finish rich, but it is the easiest one to do and I think also the first one.
I hope u got the idea, agree with it and doing it.
Have a nice business and happy sharing.