Today we will give you an easy way tip for you to get Savvy about your finances.
How often have you heard that it’s the little things that count?
Like that $5 latte you buy every morning.
Let’s say you buy 260 lattes during the year. That’s one each Monday through Friday for one full year. If each latte cost a total of $5, you would have spent $1,300 on lattes in a year.
Let’s say instead of buying lattes, you invest that $1,300 EVERY YEAR for the next 20 years, and you hypothetically earn 5% each year. At the end of 20 years, assuming no taxes or any fees, you would earn a total of $45,173!!
Now we cannot predict how much you would actually earn, it could be more or less than that, but it’s the concept that’s important to learn. There are many things we buy that are more wants than needs. Over time, it’s these little things that could make you financially independent.
Be sure and stay turned for our listen to our next Savvy Minute and remember Savvy UP!!
If you would like to schedule a discovery session you can contact me at 760-692-5190 or send me a private message.
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