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The Stimulus – Round Two
December 30, 2020
guilty looking cat peering around a christmas tree with christmas balls on floor
January 4, 2021
latte on a yellow backdrop

How often do you find yourself saying, “I can’t afford that?” Whether it’s about an unplanned expense or something that you want to buy. David Bach, author of The Latte Factor, says that’s usually just a lie we tell ourselves.


In his book, The Latte Factor, Bach lays out several key points in his book that can be summed up thusly: Small amounts of money spent on a regular basis cost us far more than we can imagine.


The Latte Factor came about after a class Bach had taught some years ago. One of his students said she couldn’t afford to save, but she was drinking a latte at the time (and most every day in his class.) He ran the numbers and showed her that, if she skipped the latte, she would save $5 a day.

What does $5 a day mean to you? Let’s do the math. Not spending $5 a day would save $1,825 in a year. That translates to $18,250 over 10 years. But what if we went one step further and invested the money and got a 10% return. Over that 10-year period, you could turn $18,250 to $47,335.


As you head into the new year, vow to stop saying “I can’t afford that” and take a second look at your finances. You don’t have to starve yourself of enjoying everything life has to offer. Instead, pick one thing you know you spend money on that you might be able to do without. Is it your morning latte, eating out for lunch every day?


If you want to get serious about getting your finances in order this year, here are two recommendations:


  1. Buy The Latte Factor and read about how Zoey turned her morning latte into the words “I CAN afford this.” It’s a quick read.
  2. Take a look at your current debt. Instead of making multiple payments for multiple loans, have you thought about consolidating those payments into one lower monthly payment? You may even get a lower interest rate that will minimize the amount of interest you’re paying. APPLY NOW or CONTACT US to see if we can help you get started in getting your finances in order this year.

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