Enjoy Your Latte and Retirement, Too
Throughout the year I meet with dozens of new clients who have a variety of financial concerns and objectives. Interestingly, one of the most common confessions I hear among this eclectic group is about purchasing coffee. It goes something like this: "I buy a latte every morning. I know I shouldn't. I should really invest that money instead of wasting it on coffee. I'm bad with money."
It's fascinating that so many people believe that spending money on a daily coffee is going to derail them from achieving their financial goals. It won't.
This misconception actually points to a much bigger problem with the way investors view their financial decisions. Many people are so focused on pinching pennies on small purchases, yet they often neglect the much larger money decisions. It's far more important to get the big financial outlays right and establish a disciplined process for your savings.
Get the Big Spending Decisions Right
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