The Entrepreneur Forum | Startups | Entrepreneurship | Starting a Business | Motivation | Success

The Latte Factor... smh

Remove ads while supporting the Unscripted philosophy...become an INSIDER.

Chiara GB.

Contributor
Read Millionaire Fastlane
Feb 19, 2019
8
25
21
Zurich, Switzerland
Dear all

Today as I'm working from home, I was taking the time to brows through the news here in Zurich, Switzerland (land of the banks, smh). The first topic I see is what??? The Latte Factor of David Bach applied from a young woman who's 35, that tracked for 2 years (!) the little expenses she had having one latte a day... smh... seriously?

She kept tracking all little take away expenses and came to the conclusion that she would have saved up over 10000 swiss francs (almost equivalent to US dollar) a year. And she could have OF COURSE used it to invest the money... in you know already what way... MJ's book says it all.

Then the comments followed... and after having read 2/3 of MJ's book The Fastlane, I was very concerned of what I was reading in this comments left... Out of all of this Swiss (usually very money aware people) only 1 made the same reasoning MJ did in his book. Using the 40 years, saving up 10% etc. for what? For me not even seeing the day, because I might not be here anymore?

I'm shocked, really shocked to see how many people believe this BS over here... I'm glad I do not belong to them anymore... :)

Just wanted to share this as this mentality seem to be a real epidemic disease...

Wishing you all a productive day!

Kindest regards,
Chiara :)
 

Don't like ads? Remove them while supporting the forum. Subscribe.

RazorCut

Legendary Contributor
EPIC CONTRIBUTOR
FASTLANE INSIDER
Read Millionaire Fastlane
I've Read UNSCRIPTED
Summit Attendee
Speedway Pass
May 3, 2014
1,993
6,950
1,496
England UK
The world is a different place once the blinkers have been removed.

It's a mindset shift most are not privileged enough to have experienced. The trouble is for many they wouldn't thank you if you tried to educate them. And for many more the advice would fall on deaf ears anyway.

At the end of the day we are all different and all must take our own path in life as we see fit.
 

ZF Lee

Platinum Contributor
FASTLANE INSIDER
Read Millionaire Fastlane
I've Read UNSCRIPTED
Speedway Pass
Jul 27, 2016
2,337
4,116
1,026
22
Malaysia
Dear all

Today as I'm working from home, I was taking the time to brows through the news here in Zurich, Switzerland (land of the banks, smh). The first topic I see is what??? The Latte Factor of David Bach applied from a young woman who's 35, that tracked for 2 years (!) the little expenses she had having one latte a day... smh... seriously?

She kept tracking all little take away expenses and came to the conclusion that she would have saved up over 10000 swiss francs (almost equivalent to US dollar) a year. And she could have OF COURSE used it to invest the money... in you know already what way... MJ's book says it all.

Then the comments followed... and after having read 2/3 of MJ's book The Fastlane, I was very concerned of what I was reading in this comments left... Out of all of this Swiss (usually very money aware people) only 1 made the same reasoning MJ did in his book. Using the 40 years, saving up 10% etc. for what? For me not even seeing the day, because I might not be here anymore?

I'm shocked, really shocked to see how many people believe this BS over here... I'm glad I do not belong to them anymore... :)

Just wanted to share this as this mentality seem to be a real epidemic disease...

Wishing you all a productive day!

Kindest regards,
Chiara :)
If you can do away with expenses that are not necessary, in favour of using the cash for more useful things, by all means do it.

Saving money and reducing expenses is legit. You'll need to do that with a business, especially when some slow months come.

There are worse things than skipping lattes, you know...
 

MJ DeMarco

Administrator
Staff member
EPIC CONTRIBUTOR
FASTLANE INSIDER
Read Millionaire Fastlane
I've Read UNSCRIPTED
Summit Attendee
Speedway Pass
Jul 23, 2007
30,679
112,542
3,751
Fountain Hills, AZ
And the "stop drinking coffee" hypocrites drink champagne. The more idiots they convert, the more expensive their champagne.
 

rollerskates

Silver Contributor
Read Millionaire Fastlane
I've Read UNSCRIPTED
Speedway Pass
Jan 10, 2017
368
987
341
Texas
It is true that if you follow their method of "wealth", you must skip the coffee. Good thing there are ways to have your latte and drink it too.
 

Rabby

Platinum Contributor
FASTLANE INSIDER
Read Millionaire Fastlane
I've Read UNSCRIPTED
Summit Attendee
Speedway Pass
Aug 26, 2018
1,352
3,878
878
Florida
I would skip the lattes if I needed the money for rental properties, or to put into my own bootstrap business. But of course, when people write these kinds of articles, the lattes aren't the point. The real point is they want to sell their investment products, and they figure if they can deprive you of lattes they'll get the commission on 10,000 franks worth of mutual funds or whatever.
 

Ernman

Gold Contributor
FASTLANE INSIDER
Read Millionaire Fastlane
I've Read UNSCRIPTED
Summit Attendee
Speedway Pass
Feb 8, 2019
736
1,615
471
60
Florida, USA
The world is a different place once the blinkers have been removed.
Ain't that the truth. I've "known" for years that something wasn't right. Then I read MJ's books. Now that I understand what's wrong, I see it everywhere.
 

Create an account or login to comment

You must be a member in order to leave a comment

Create account

Create an account on our community. It's easy!

Log in

Already have an account? Log in here.

Sponsored Offers

  • Sticky
MARKETPLACE Kill Bigger Incubator
@Kak Out of curiosity, what types of businesses are you advising on? (I read this whole thread...
  • Sticky
MARKETPLACE Lex DeVille's - Advanced Freelance Udemy Courses!
Just bought 5 of your Upwork courses. Thanks for making valuable content Lex!
  • Sticky
MARKETPLACE Fox' Web School's "Legend" Group Coaching Program 2020
Thanks for the detailed response. I see it similar, in the beginning, you have only a small...
  • Sticky
MARKETPLACE Grow Your Business With a Book (An Unorthodox Marketing Strategy That Built One of the Largest...
Thanks for your offer to look at my book. Here's the link to the squeeze page Buy The Prosperous...
  • Sticky
MARKETPLACE You Are One Call Away From Living Your Dream Life - LightHouse’s Accountability Program ⚡
The day I can afford to pay 800 a month to have someone keep me accountable is the day I've won...



Forum Sponsor

sponsor

New Topics

Fastlane Insiders

View the forum AD FREE.
Private, unindexed content
Detailed process/execution threads
Monthly conference calls with doers
Ideas needing execution, more!

Join Fastlane Insiders.

Top Bottom