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Fair enough. It looks like Suze really believes a latte will add up to $1M. She's a blowhard, and wrong -- although I think it's fair to say it'll cost well ove
by asdfasgasdgasdg 8y ago
Fair enough. It looks like Suze really believes a latte will add up to $1M. She's a blowhard, and wrong -- although I think it's fair to say it'll cost well over $100k over that period, which is not insignificant.
Most people who say to skip the $5 a day latte understand that that alone isn't going to make you rich. Instead, the point is to engage in good spending habits, the sum of which will make you at least substantially wealthier than you would be otherwise. The fact that Suze took it literally does not mean the advice needs dismantling. Quite the opposite.
That being said, I do think it's kind of interesting that this guy is writing about don't buy a latte. Buy as many lattes as you want, as long as you don't hire his firm. They'll hit you up for 1% of your AUM under $2M, which is going to hurt a lot more than lattes for anybody who still gives any thought to the price of one.