Can Coffee Really Ruin Your Finances? #AskTheMoneyGuy

July 24, 2020

We’ve heard it for years: STOP buying that morning latte and your financial problems will be solved! Producer Rebie joins us as we break down how to tell if your coffee purchases are affecting your financial life and what is REALLY derailing your finances.

In this episode, you’ll learn:

The 3 biggest components to building wealth
4 lifestyle choices that derail your finances (even more than your fancy coffee order)
How much you actually need to save to become a millionaire in retirement
A complete breakdown on why your latte costs so much
A special Q&A segment!

Research and resources from this episode:

Enjoy the Show?

Get FREE downloads full of financial advice from our Resource Page!
Subscribe on YouTube or wherever you listen to podcasts.
Leave us a review on Apple Podcasts.
Send us your questions or share your story.

If you have any questions (or just want to say hi!), join the conversation on Facebook, Twitter, or Instagram!

FILED UNDER: Podcasts, Featured

TAGGED WITH: compound interest, debt

Connect

Subscribe

Most Recent Episodes

Financial Advisors React to Money Advice from ChatGPT

Mar 24, 2023

Will ChatGPT be your new financial advisor? In this react episode, we’ll break down some money advice from ChatGPT and compare it to our own thoughts and opinions. Enjoy the Show? Sign up for the Financial Order of Operation (FOO) Online Course! Sign up for our Know...

Financial Planning 101 (By Age) 2023 Edition

Mar 17, 2023

Throughout every decade, there are different areas of your financial life that come in and out of focus. In this episode, we'll discuss what you need to focus on by age, pitfalls to watch out for, and how to know you're doing it right. In this episode, you'll learn:...

Is the 2023 Housing Crash Around the Corner?

Mar 10, 2023

Housing prices skyrocketed after the pandemic to all-time highs, and mortgage rates have more than doubled since 2020. Homes are harder to purchase for more Americans, which means it’s more important than ever to make sure you are ready to buy before purchasing. In...

Watch This Before Rebalancing Your Investment Portfolio!

Mar 3, 2023

85% of Americans don’t rebalance their 401(k). Are they making a huge mistake? In this episode, we’ll discuss the “why” behind rebalancing, how to do it, and the data on whether or not rebalancing can increase your return. In this episode, you’ll learn: What...

Don’t Make This HUGE 401(k) Mistake!

Feb 28, 2023

Americans are making a HUGE mistake in their 401(k) that could cost them thousands by retirement. We’ll talk about why this is happening and how you can avoid making the same mistake in this Q&A episode! For more information on how to make the most out of every...

Alex Hormozi’s Top Money Advice! (Financial Advisors React)

Feb 24, 2023

In this episode, we react to Alex Hormozi's financial advice. Enjoy the Show? Sign up for the Financial Order of Operation (FOO) Online Course! Sign up for our Know Your Number Course! Check out our Net Worth Tool! Get FREE downloads full of financial advice from...

Everything You Need to Know About Finances in Your 20s

Feb 17, 2023

In this episode, we discuss everything you need to know about finances in your twenties. In this episode, you’ll learn: The top financial advice for your twenties How to start building wealth and the steps you should take Enjoy the Show? Sign up for the Financial...

Americans are DESTROYING Their Financial Future! (New 2023 Data)

Feb 14, 2023

New data shows that Americans are struggling when it comes to credit card debt and savings rates. In this Q&A, we discuss the new shocking data and give you tips on how to avoid this huge financial mistake.

The Most Valuable Asset in Building Wealth!

Feb 10, 2023

This episode will show you how to maximize the most valuable resource you have - starting right at this moment. What is it, you may ask? It’s TIME. If you give your money time to grow, you’ll be amazed at how much your dollars can become - it’s incredible! How wild is...

How Many Americans Don’t Have $1,000?! (Shocking Stat)

Feb 7, 2023

A shocking amount of Americans don’t have $1,000 in savings. In this Q&A, we’ll discuss the latest data, how that number has changed over the years, and different ways you can beef up your savings.