I work for a company that is involved in the financial industry. One of our general newsletters recently had a tidbit of information that I found intriguing. I thought I’d share it here.
Little things can certainly add up. If an investor with a $5-a-day caffeine habit were to take the money he or she normally spends on lattes every month and invest it in an account earning a hypothetical 8% average annual return, the accumulation would be almost $150,000 after 25 years.
Tidbits like that make one think about their typical spending habits.