Many of us go about our lives spending money left and right on drinks. Did you know that most Americans spend more then $3.00 on a cup of coffee? Wow! I was looking up some information regarding how much that could mean in savings with compound interest over my life time and found something extremely surprising!
I looked at the local Starbucks coffee prices and was pretty surprised to see that most options were well above $3.00 dollars a cup. I started to think about what that could mean for many of us including myself. I Personally spend about $3.00+ dollars on bottles of Glacéau Vitamin Water. Well, with that said I’ve decided that I’m going to start putting my water money to good use for myself. My way of thinking has switched to, “gotta have da water” to “live today like no one else, to live like no ones else tomorrow!”
So, what exactly can $3+ dollars of coffee do for my future if I decide to invest it as oppose to consuming it? Take a look at this! If I was to instead put those 3-4 bucks in an account that has compound interest:
Wow! So By the time I retire (plus 20 yours or so), just saving the 3 freakin’ bucks could by me a house? I mean, even with inflation folks that wouldn’t be bad at all. Ok, so perhaps if you spent more money, with inflation, on coffee this would really start to look like an excellent Idea! The earlier you start to do this the better the affect over time. And what if you were to increase from $100 to $150 or even more during appreciation? What if you decided to invest in other countries bonds when they are paying higher percentages? What if you decide that your Mutual fund ca bring in more than 8% with reinvesting your earnings monthly or annually!
The point is folks, I’d really like for you guys to really pitch in for a cup of coffee here at moolah blog lol :D, just kidding, but in case you feel compelled, I’ve added a Mug of hot coffee to my front page again! 
Save your coffee money, it could come back and be the best thing you’ve done!
Buy me a cup o' Joe!
May 13th, 2008 at 12:05 am
But how does this work out if you don’t have the coffee… oversleep a job interview… and end up without a well-paying job?
May 13th, 2008 at 2:14 am
Great Post! I’m one of those big coffee spenders. This one hit home.
May 13th, 2008 at 2:42 am
Great post! I posted something similar on my blog concerning my diet coke addiction. If I could somehow slow down on the amount of soda I drink each day, I could afford a new house as well (at retirement).
May 13th, 2008 at 6:22 am
This ‘advice’ is older than my grandmother’s panties … and more tired than her as well. It sounds great on paper, but it’s entirely disconnected with reality. By the same principles and logic as applied to weight loss, people should have been losing pounds and inches left and right with the explosive popularity of diet soft drinks in recent years as a replacement for the full-calorie equivalents. Instead, morbid obesity has exploded among the populace in that time.
e.g.:
http://theshot.coffeeratings.com/2007/06/quit-coffee-get-rich/
May 24th, 2008 at 4:23 am
[...] looking up some information regarding how much that could mean in savings with compound interest ohttp://moolahblog.com/investing-a-cup-of-coffeeCoffee - Wikipedia, the free encyclopediaOn average, a single cup of coffee of about 207 milliliters [...]