Thursday, November 21, 2019

Spending $20,000 on coffee over 12 years was worth it to this Millennial

Spending $20,000 on coffee over 12 years welches worth it to this MillennialSpending $20,000 on coffee over 12 years was worth it to this MillennialThe coffee wars have raged this past week, with financial expert Suze Orman adding her two cents to the conventional financial-guru coffee wisdom ditch the daily coffee-buying habit and brew at home youll save a bundleIn fact, she told CNBC, if you put your $100-a-month coffee money into a Roth IRA, you could literally be a millionaire in 40 years with an above-average return. Buying coffee daily, she added, was peeing a million dollars down the drain.Follow Ladders on FlipboardFollow Ladders magazines on Flipboard covering Happiness, Productivity, Job Satisfaction, Neuroscience, and moreLadders, for one, defended lifes small pleasures the daily cup of coffee but never did the math on what it was costing us.It seemed only a matter of time until there was a response from Millennials, and Vox soon published an essay called The Best $20,00 0 Ive Ever Spent Starbucks Every Day of My Adult Life.Minnesota graduate student Mae Rice copped to her daily venti iced coffee with hazelnut, soy, and caramel drizzle, a just-under $5 expense. To wit, In the 12 years since I turned 18 and left home for college, I have spent about $20,000 on Starbucks, she wrote. Her annual stipend in her MFA program is $18,120, she noted with some irony.Still, she explained the logic behind her ritual. We are a country built on habits, she wrote morning routines and daily exercise and 15 minutes of meditation and her Starbucks habit wasnt necessarily a good one it arguably holds me back.However, in a twist, the daily cup of coffee is the one thing she can rely on. They say people spend their money on experiences these days, and Starbucks is my loophole, pleasurable in the present and in the future. Its a distributionspolitik that will always be there, wherever shes living, whatever shes doing and it meant that she was secure enough to buy hersel f a small daily luxury.Security, comfort, and routine. That, Suze Orman, just might be worth a million bucks.You might also enjoyNew neuroscience reveals 4 rituals that will make you happyStrangers know your social class in the first seven words you say, study finds10 lessons from Benjamin Franklins daily schedule that will double your productivityThe worst mistakes you can make in an interview, according to 12 CEOs10 habits of mentally strong people

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