The hidden cost of your morning coffee
Is it sabotaging your financial goals?
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Weekly Market Update 🗒️💡
Indexes
The S&P 500 closed the month of September down 4.9% and the quarter down 3.7%.
The Nasdaq fell 5.8% this past month and saw a decline of 4.1% throughout the quarter.
Both indexes posted their worst months this year.
The Dow fell by 3.5% in September and 2.6% overall for the quarter.
The RSI (Relative Strength Index on the S&P 500), fell to its lowest reading in the 12 months. The RSI helps indicate momentum and is used to measure the speed and magnitude of price action.
The index continues to be oversold.
October
Although it is known for some big sell-offs, October has been a positive month for the market in the past.
From 1950 - 2021, the S&P 500 ended October up 0.9% on average, while the Dow has seen increases of 0.6%.
Performance to Date
The Dow:
Week to date: down 1%
Month to date: down 3.1%
Quarter to date: down 2.2%
The S&P 500:
Week to date: down 0.2%
Month to date: down 4.4%
Quarter to date: down 3.1%
The Nasdaq:
Week to date: up 0.7%
Month to date: down 5.2%
Quarter to date: down 3.6%
Is your morning coffee stopping you from building wealth?
We all have daily habits.
Those seemingly small expenses add up over time.
For example, have you ever stopped to consider the true cost of your morning coffee?
Imagine this: your daily coffee, just $5 a day, could be standing between you and financial freedom.
Not convinced?
In 2000, a cup of coffee cost just $1.96.
Fast forward to 2014, and it was $2.70.
That's an over 37% increase in just 14 years!
Even worse…
Today, that same cup of coffee sets you back around $5.
Which is a stunning 85% increase in 9 years!
But let's not stop at the dollars and cents.
It's also about your time and the opportunities you're missing out on.
How much time do you spend waiting in line every morning?
Those are valuable minutes wasted.
Now, let’s fully grasp the hidden cost of your daily coffee habit.
It's more than just caffeine.
It's an investment in your future financial freedom.
Instead of that daily cup, think about what you could buy.
ETFs, stocks, mutual funds, and other valuable investments should come to mind.
Here's why:
Saving $5 per day adds up to $35 per week, roughly $150 per month, and around $1,825 annually.
If you invested a year's worth of $5 coffee savings into the S&P 500 which has historically averaged 10% per year, you would end up with $116,804 after 20 years.
But here's the real kicker:
Those savings can transform into a powerful investment portfolio that pays dividends and grows your wealth month by month.
So, your daily coffee expense might be a roadblock on your journey to financial success.
Now, to solve this problem…
Follow these 7 simple tips to break free from this cycle and speed up your journey towards the life you always wanted: