You know me already! Click here if you want the boring bio. The Latte Factor is not about the coffee, my friends. The Latte Factor is about how to live your richest life now. Your dreams are closer than you realize. My wife likes it too. Let this lovely tale, laced with practical wisdom, inspire you to make a few elegantly simple changes—— without budgeting——to build the wealth you need for a life you love.
The Latte Factor may be his simplest and most powerful message yet. His powerful and easy-to-use program will show you how to spend, save and invest your money to afford your dreams. Read this book, put it into practice, and then share it with everyone you know. It will change your life. The Factor—we put it to work in our own lives!
The Latte Factor will stir your heart and uplift your soul. It is so very worth your attention, contemplation, and implementation. He knows how to teach you to achieve financial freedom better than anyone.
Here's the 7-step strategy one guy used to become a self-made millionaire and retire at 30
I loved every page. His timeless principles will inspire you to live a life that goes beyond wealth, and one that embraces meaning and giving. This great story can inspire you to take action to live your best life. This incredibly powerful story will change your life. Anyone from any generation or background can use this book to fuel their dreams and empower their future.
You can do this!
We Achieved Financial Freedom in 5 Years. You Can Too.
But as I blogged about personal finance, I started to save a little more money, pay off more debt , and watch my retirement nest egg grow. I looked at the money we were saving. It was becoming more significant. It takes some time because you need to benefit from the power of compounding.
But after a while, I started thinking about how much my money was working for me. It was almost like sending out employees who were working for me. And then I started to see how that money could fund a fair amount of our expenses, particularly if we became more frugal with our lifestyle.
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And then I began to realize that the most important thing to me was not a bigger house, expensive vacations, cable channels, or a new car. But I wanted the freedom to work when I wanted to work, where I wanted to work, doing what I wanted to do.
I realized that I could get there by giving up things that had once seemed important to me. For example, I could trade in the bigger house, new cars, cable packages, and expensive vacations for freedom. I could trade those things for a lifestyle where I spent less money and saved more , which would let me have this lifestyle where I have the ability to work where and how I want. When I graduated from college, we had no money and a lot of debt.
But how was that going to help me now? The benefit is always 20, 30, 40, or more years away.
How to Achieve Financial Freedom in 5 Years | Cash Cow Couple
As I learned more about personal finance, I started to look at money in a different light. Have you ever noticed people you think have a lot of money seem cheap? You know that the person is probably wealthy, but they watch every dime. In some ways my stepmother, who passed away a couple of years ago, was like that. She watched every dime. And you know why? She lived off her wealth.
By retirement, she had done pretty well for herself. How much income can that generate in a year? But by making her nest egg last, she was able to enjoy freedom.
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For instance, she was able to take a part-time job she loved. She was a pilot for years, and her part-time job was with a company that built things for pilots. And then she could do things in her community on the side, as well. And looking at money this way puts saving into a whole new category. I guess they can afford the payment, but what are they thinking?
To me now, people just seem so casual about the money they spend. And eventually, I want to downsize our home. Sure, you hear about people like Mr. When you buy a home with a large mortgage and an expensive, financed car, those things alone can eat up half of your take-home pay. It can give you a framework for examining your spending, so that you can see where you need to make changes.
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As you look at your spending through this particular lens, here are a few other things to consider:. Keep in mind that this budget framework, like any other, is a starting point. The goal is to look at your spending through this lens to see where you might make some tweaks. Or do you fall somewhere in between? For those at the lower end, a higher necessities budget may be necessary for a while, especially if you live in a place where housing is more expensive. Here are some examples:.
Or maybe you have a good income that could allow you to save more. It all depends on your priorities. I wanted to save more. So I started out with the framework but planned to quickly move beyond that. For me, this came down to understanding the difference between necessities and lifestyle choices. Many of our spending choices, even those that fall into the necessities category, result from lifestyle choices. Sure, you need a place to live. But the house you decide to live in is a lifestyle choice.
Many people could significantly reduce monthly expenses by moving into a smaller place or a different neighborhood. Likewise, you have to eat. But reducing your grocery spending is usually an easy way to save money every month.
You may also be able to reduce spending on other necessities, like clothing and your vehicle. The key when looking at these spending categories is honesty. You may find that some things fit into your necessity budget. One other note here: What looks like a lifestyle choice for some individuals may be a necessity for others and vice versa. For instance, I work from home full-time. That means I need good, reliable internet access.
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