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The $58,000 latte habit

The $58,000 Latte Habit

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.
Road through a field of yellow grain

It’s Just the Road

In the last few days stocks have taken a beating.  Volatility has finally returned after a near two year hiatus.  Friday February 2nd saw the largest single one day drop in the Dow Jones Industrial Average history.  The following Monday (Feb.…
Brannon Brown

Joy and the Successful Investor: The Upward Spiral

In my decade plus time advising clients, I have seen this truth—my most joyful clients are my most successful investors. Not the other way around. The rewards follow the joy, not joy the rewards. They view the future as bright and invest faithfully in it knowing that no amount of market return will ever be able to generate an internal joy, but that prudent stewardship and a long-term perspective can perpetuate the upward spiral of joy.
Brannon Brown

Feed Your Focus. Starve Your Distractions

Daily living, marketing, and the widespread adoption of mobile devices and social media have made it increasingly difficult to remain focused. Often, it is difficult to even know where to focus, much less maintain it over it time. But I’ve come up with a little reminder that I like to review from time to time, and I want to share it with you.