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this post was submitted on 13 Oct 2023
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Frugal
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Discuss how to save money.
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The people who tell you that you are poor because you get coffee at a coffee shop every day. At best you would save ~$2000/year if you bought $5 cup everyday. $2000 saved would not be a significant amount of money to make in an investment either. Personal happiness isn't worth trying to cut out things you like.
It's all about context though. $2000 is substantial to much of the people who live on this planet. You're right about that amount in investment returns would be considered small, but the people who this amount is significant don't usually have investments to rely on.
Right but I'd you're that hard up, you're not going to be buying $5 coffee's every day. Poor is relative.
That's true, but I'd like to think the price of coffee scales where you live. A $5 coffee in Los Angeles is a $2 coffee in Madrid. So in general probably not a big difference wherever you are.