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A 5-minute iced coffee trick could save you $100,000 by the time you retire
|07/10/2017||Posted by BusinessMediaguide.Com under General World News||
As a young man, Warren Buffett estimated he could save $300,000 over his lifetime by adjusting his haircut schedule.
Americans looking for ways to contribute to retirement funds can similarly look to their daily purchases — such as their morning cup of coffee — for potential savings, according to a Vanguard Blog for Advisors post by Frank Kinniry.
“By pocketing the $3.50 for coffee each day and investing it instead in a low-cost, diversified Roth IRA, you’d have an estimated $106,000 after 30 years,” writes Kinniry. “I don’t think anyone would pay $106,000 for coffee!”
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