Every spring, Coloradans watch snowpack reports with unusual devotion. We know the water filling our rivers in July often arrives as snow in January. The mountains collect it, then release it gradually when the valleys below need it most. Generosity also works like this.

At a party given by a billionaire on Shelter Island, the late Kurt Vonnegut informed his friend author Joseph Heller that their host, a hedge fund manager, had made more money in a single day than Heller had earned from his wildly popular…

Creating a habit of saving is hard, really hard. It requires discipline and few people enjoy discipline. But your daily disciplines (or lack thereof) can have a profound impact on your future. Consider the daily latte. The average medium latte at Starbucks costs $3.65 assuming you don’t “doctor” it up with extra flavors, different milks, etc. That cost is pre-tax. We know that $3.65 can add up, but what does it add up to? Let’s look at some simple math behind a lattehabit. The chart below illustrates the future value of that cup of coffee, depending on your consumption.