Will cost cutting and skimping help you save enough to become a millionaire? Cutting costs can definitely help you save money and cut debt. But, will it help you to save enough to become wealthy and financially independent? And even if it could, how long would it take to get you there?
Is brewing your morning cup of coffee at home vs purchasing a cup a day at your favorite barrister going to help you save enough to become a millionaire? Of course you’ll save the difference between the canister per cup cost and a single grande or medium at retail prices… which can definitely add up. But let’s do the math.
Purchasing a 30 ounce canister of coffee at grocery store can cost about $11 which equates to about .40 per cup. Purchasing a medium coffee at your local barrister can range between $1.39 – $3.79 or so. So let’s say you save about $2.50 a day for the 5 day work week. That’s $12.50 a week. If you save that for 50 weeks you’d save $625. if you do that for 20 years you’d save $12,500.
Is being inconvenienced, if not miserable, the path you have to take to skimp your way to becoming a millionaire? I’m more of the opinion that enjoying a cup of coffee a day, exactly when you want it, and coming up with a better way to make money and to have your money make money, is a better road to becoming financially independent.
I believe that learning how to invest your time, talent, and treasure is the best way to become a millionaire. Learning how to syndicate a commercial real estate investment can give you the opportunity to scale your investments and to purchase a larger property than your finances can afford.
It’s not likely that you’ll be successful at something if you don’t have the faith and belief that you can do it. So if you don’t know how to find a quality investment or if you aren’t confident in your ability to raise capital, contact FITS Academy and learn how to take the first step to learning your way to financial independence !