You’ve followed all the great advice out there on how to manage your latte factor and have cut back on overpriced treats and unnecessary subscriptions, and are getting more mindful with cashless payments. Yet, you don’t feel rich despite having more disposable income. Why’s that?If you only give up daily lattes, for example, this will amount to about $1200 a year in … [Read more...]
latte factor
5 Ways Convenience Hurts Your Latte Factor
“What? How on earth can convenience hurt me in any way,” you ask? Actually, it can do so in at least five ways, as you’ll see from this post on how taking shortcuts can hurt your latte factor. Leaving Power Drainers On In the month of Earth Day, it’s suitable to turn to energy use as a significant contributor to wasted money.If you are like most households, you just brush … [Read more...]
The Latte Factor Explained
David Bach coined a term in his book The Automatic Millionaire: A Powerful One-step Plan to Live and Finish Rich called “the latte factor.” Within the New York Times best seller he talked about this simple idea that the small trivial things we spend on every day add up to an extremely large amount over time. The “latte factor” is actually somewhat of a misnomer as it covers a … [Read more...]
