$5 Starbucks to a Millionaire

Stop drinking Starbucks coffee every day and invest that money in Starbucks stock instead — that could make you rich, even a millionaire! 🤑

Let's do the math! $5 every day, 20 days a month = $100/month. At 11% YoY return: $21,059 in 10 years 🤷‍♂️, $80,854 in 20 years 🤔, $250,638 in 30 years 😃, $1,006,311 in 43 years 🚀

In 43 years, I will be 79 years old (or dead!), and $1 million would have lost about 75% of its value to inflation. Besides, have you ever heard a millionaire say, "I became a millionaire because I stopped going to Starbucks"?

When I hear financial influencers talk about trading buying the product with buying their stock (that too in hindsight), I cringe a little 🤐

The real problem is much bigger! Most times, we rationalize spending hundreds and thousands of dollars on things that improve our life marginally.

In September 2022, I attended a free webinar about investing in USA. The mentorship program cost $14,000. We skipped a Cross-Canada road trip, and I bought the $14,000 program instead. I invested in Ohio, tapped into a network of millionaires, got mortgage clients worth $10,000, and gained a wealth of knowledge for years to come.

We were able to take the Cross-Canada road trip a year later, and I can afford the $5 Starbucks every day today. I chose to invest in my skills that make me a millionaire in 2 years, instead of 43.

Here's my personal formula: for every $1 that goes into something that I can absolutely live without, $1 goes towards improving my skills. I am my most important asset. I would always have the highest ROI on investing in my skills. The rest is NOISE 🙃

— Nav