The Conservative Cave
Current Events => General Discussion => Topic started by: Ralph Wiggum on September 09, 2024, 06:46:12 PM
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Kevin O'Leary rips workers who waste money buying daily cups of coffee: 'What are you, an idiot?'
O'Leary advised people to stop spending money on 'stupid stuff' like daily sandwich and coffee purchases
"Shark Tank" star Kevin O'Leary isn't known to mince words, and his take on workers splurging on their daily cups of coffee and work lunches was no exception.
"Stop buying coffee for $5.50. You got to work and spend $15 on a sandwich – what are you, an idiot?" O'Leary, also known as Mr. Wonderful, said in a financial advice clip shared on Instagram last week.
"It costs 99 cents to make a sandwich at home and bring it with you," he continued, "You start to add that up every day, it's a ton of money. Most people, particularly working in metropolitan cities, are just starting on their job, making their first $60,000, [and they] piss away about $15,000 a year on stupid stuff, and that's what they should stop doing."
O'Leary's post encouraging workers to rein in their spending coincides with data released earlier this year indicating that 12% of Americans visit coffee shops daily and 36% visit at least once a week.
At the same time, Americans spend an average of over $20 at coffee shops each week, according to the numbers.
https://www.foxbusiness.com/media/kevin-oleary-workers-piss-waste-money-buying-daily-cups-coffee-idiot
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Hear "Mr. Wonderful" on Fox Business at least once a week and he is absolutely f-ing brilliant when it comes to business matters.
Haven't set foot or driven to a Starbucks drive-up in probably a decade.
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There's a post that pops up frequently on reddit, claiming that skipping the avocado toast and FourBucks coffee saves a whopping couple of grand over a year, maybe enough for a car down payment, not enough for a mortgage down payment, or even first/last month rent deposit for an apartment, but not life changing amounts of cash.
Which IMHO, even if the math is right, misses the point. Start cutting some extras, see the small effects, then start looking for more places to cut, save, get that snowball going, invest the savings in either financial improvements or self improvements (education, health improvements, job skills) and get a process going that will lead to financial security.
So many people want a one and done answer to so many things, which is rarely how reality works. Processes, multiple steps, planning work and working the plan and being patient are all things that people don't want to do (myself included :whistling: ) but they work. Or so I'm told.
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There’s lots of ways people waste money, atm fees subscription services they don’t use going into a 7-11 is a big one, buying lottery tickets and those little bottles of energy drink.
Clark Howard has lots of good ideas to help you..
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Starbucks coffee has a burnt taste. Never really liked it.
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Starbucks brewed coffee is accurately nicknamed Charbucks. Their espresso is fine. I'm not a coffee snob, but we buy whole bean coffee, grind our own, and use a drip coffee maker. Not buying Starchucks or Peet's or Dutch Bros and making our own ~fresh probably paid for the burr grinder and coffee maker in 2 or 3 months. And we can adjust the strength to our tastes.