The Latte Factor: Save Five Dollars a Day

The Latte Factor

From the show Automatic Millionaire: How to Become One

David Bach, author of The Automatic Millionaire, says you don't need a lot of time or money to make a million dollars. If you save five dollars a day, you'll be a millionaire in 41 years. And you could be a millionaire in 34 years if you save $10 a day!

If you're already feeling financially strapped, you might be thinking, "Where am I going to find an extra $5 a day to save?" David says you'll find the money in what he calls your "latte factor," the money you spend everyday on things like fancy drinks and eating out. Complete this worksheet and find out how you could become a millionaire by eliminating a few guilty pleasures!

How Much Do You Spend Daily On:


Category	Cost
Coffee/Tea:	$
Bottled Water/Soda:	$
Eating Out:	$
Cigarettes:	$
Soda:	$
Vending Machine Snacks:	$
Candy/Gum:	$
Newspapers/Magazines:	$
Long Distance/Cell Phone:	$
Kid's Lunches:	$
Gas/Fares/Tolls:	$
Other:	$
Other:	$



Total Monthly Expenses:	$



Your Yearly Latte Factor:	$

If your yearly Latte Factor above is greater than $1800—and instead of spending it you invested it with a 10% annual return—in 41 years you'd have $1,000,000!

Tell Yourself the Truth About Your Money

	Take the Five Day Challenge and create your own spending journal.
	Quiz: Could you be a millionaire couple?

TALK WITH OTHERS



		I am not a millionaire, but I am on my way to being one. The goals that I have set are to tithe, don't get too discouraged with the adversities and setbacks, always believe that you can accomplish anything that you set your mind to and believe… — sam2304 Join the discussion!

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