The Latte

Cutting out the latte has become a budgeting flashpoint.

Some claim you must “CUT” the expense out of your budget. Think how much the $4 could climb when invested over thirty years, they cry.

Others say, “KEEP” your latte. It’s not a large enough expenditure to make a significant difference to your savings rate, they soothe.

Neither side is correct. Neither side is wrong.

It’s up to you…

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Your Financial Teacher

When people reach a certain age where their finances become a concern, they begin to question why they never learned this in school?

Why the calculus? Why the stats? Why the trig? Why not financial education?

It’s a fair question; an important one.

Instead, we’re forced to seek out teachers on our own.

For some, they find a teacher…

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Take Ownership

When we don’t understand something we’ve learned to outsource the problem.

We don’t understand website design then we pay someone. We don’t understand a home repair then we hire a contractor. We fear tax time then we tap an accountant.

Outsourcing basic finances, though, helps those in the financial services industry make such large incomes.

They sell you with no fees, hiding the fact they’ll sparse out your future into bad products that pay them a commission.

They sell you insurance…

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Test Your Savings Rate

Entrepreneurs test like crazy. They test the different prices for products they sell. They test different marketing tactics. They test different technologies. They probably test different clothes they wear. They -- seemingly -- test everything.

Why don’t we do the same when saving?

Think you can only save 5% this month? Why not try 10%? What’s the worse that could happen? If you can’t make it without putting your family at harm, then simply tap the funds you planned on not spending.

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