[eightthirty]

I went to check my mail today and there was an Oprah Magazine in my mailbox with my name on it. Why, I don't know? So, I go to Oprah's website to see how I can find out where in the world it came from and I saw this!!

It was about reducing debt and saving money. It's called America's Debt Diet.

That's not what I want to show you, though! It's the Latte Factor Calculator!!

http://www.oprah.com/tows/pastshows/...040113_e.jhtml

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!


I calculated mine less the cost of gas because I can't NOT buy gas. I only drive 7 miles a day. I also didn't include my son's lunches because he has to eat and I find that the school lunches are far more nutrionally balanced than anything I can stuff in a sack. My total was $5904. Whoa!!

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!

[Little_Lisa]

Pretty cool! Thanks for posting, Mel!

[Lia]

I remember that i watched that program when they talked about the debt diet, and i was amazed how some people would spent soo much money without having enough income to support it... They gave good tips there

[NYShopgirl]

that's very interesting...

[eightthirty]

Originally Posted by lia_matos

I remember that i watched that program when they talked about the debt diet, and i was amazed how some people would spent soo much money without having enough income to support it... They gave good tips there

There are certainely a number of things I could cut out of my expenses and save. I'm going to change many things about my spending habits because of this.