One Starbucks Caffè Latte Grande...$3.45
Two Mojitos................................$16.00
1/8 gram of weed.........................$1.25 ($10 a gram, NYC price)
A pack of cigarettes.....................$14.00 (price in the Bronx)
Totals $34.70/day.
Over 250 work days per year, $8675 a year.
If the person purchasing those little luxuries were 29 years old and were to invest it and get 6% a year, then it would be $50,000 by the time they are sixty years old.
$50,000 can buy a lot of metformin, insulin, furosemide, clonidine or sertraline.
I've been tracking my savings during my recent self improvement streak. The savings are enormous.
ReplyDeleteBut where can you get 6% today?
I just looked at my 401-k. I got 5.8% return over the last 52 weeks. I am running a conservative 40% domestic, Equity-Index fund and 60% short-term, domestic bond fund.
DeleteOkay, well, there's that :)
DeleteNot to mention the the nearly $269,000 in principal that they'd have as well
ReplyDelete