Financial celeb Suze Orman really wants everybody to ease up on their Starbucks intake. In fact, the best-selling author says the younger generations could be “peeing $1 million down the drain” if they don’t kick that daily latte habit.
‘The best $20,000 I ever spent: Starbucks every day of my adult life.’ Rice says she orders a venti iced coffee with hazelnut, soy and caramel drizzle pretty much every day. And she’s being doing that for the past 12 years.“Paying for a tiny dose of luxury doesn’t make me an irresponsible millennial,” she wrote. “Still, there’s a certain dysfunctional ring to it: I’ve spent more than a year’s graduate school stipend on my Starbucks habit.
Rice acknowledges that her daily dose arguably holds her back, whether it’s getting in the way of buying a home or saving enough for retirement — that $20,000 would have seen some nice returns over the past decade. But she also says it’s a critical part of her living in the moment, and she wouldn’t trade it.
Clearly, she’s not alone in embracing the “sustainable luxury.” Starbucks SBUX, +0.43% has been on a roll lately, with its stock, up about 30% over the past year, riding same-store sales momentum to record highs.
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Source: CNBC - 🏆 12. / 72 Read more »
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