OTOH, I was looking at the book by that latte guy (I don't remember the title or the author, but his idea is that we could all become rich if we cut out spending on the little things (ie lattes) and invested that money. The incentive is, take that $5 latte, assume 10% per year for 20-30 years (depending on your age). When you realize how much that latte costs, you won't want it so much anymore.
Interestingly, he says that trying to cut out your debt first never works, and that you're better off investing something, and using the proceeds to pay off your debt. I don't know which method I believe.
I'm more likely to believe something that's presented logically.
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Date: 2005-10-24 05:30 pm (UTC)Interestingly, he says that trying to cut out your debt first never works, and that you're better off investing something, and using the proceeds to pay off your debt. I don't know which method I believe.
I'm more likely to believe something that's presented logically.