Looking After the Dollars...

Discussion in 'Wealth Creation & Management' started by House, Jun 1, 2016.

  1. House

    House Administrator Staff Member

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    Simple, easy and cost effective way to increase the retirement funds :)

    [​IMG]
     
  2. errol43

    errol43 New Member Silver Stacker

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    Small amounts make a difference,,Ex1...$4 a day for coffee= $1460 a year for 10 years =$14600 for 10 years...interest 8%p.a.= double your money every 9 years...

    8% p.a. is a high earning figure at this present time which means high risk...bank deposits around 3% at present.

    You also have to factor in the possibility of a GFC would could immediately cut your investment in half , maybe less if you have invested in the right stocks.


    Just imagine if it happened in year 9, your nest egg at around $23000 and you loose 50%, you are back to around $11,500, less than the $14,600 you have in vested at $4 a day.

    Now if you invested $4 a day in silver $10 state coins, then you always have a large % of your savings insured...

    The figures shown in the graphs are great as long as our system holds up.

    Maybe the answer is to diverse your $4 coffee savings into half investments, half silver.

    Regards Errol 43
     
  3. scrooged

    scrooged New Member

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    I can't function without my coffee. That $4 is an investment into my personal productivity.
     
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  4. Skyrocket

    Skyrocket Well-Known Member Silver Stacker

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    ^ me too but I'm a tight arse and pay $1 for coffee at 7/11
     
  5. ego2spare

    ego2spare Active Member

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    You didnt hear this from me, But if u go to the atm at 7/11 insert your card, click the voucher for $2 large coffee for $1. Complete your atm transaction but put in the wrong pin.. it will spit your card out and the voucher. Then use the voucher :cool:
     
    House likes this.
  6. SpacePete

    SpacePete Well-Known Member Silver Stacker

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    I'm a double tight arse and bring instant coffee to work (instant coffee that I buy in bulk when its on special).

    .
     
  7. Golden ChipMunk

    Golden ChipMunk Well-Known Member

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    Was it International Roast or Home Brand?

    I don't drink coffee, just tea and I recycles the Tea bag.... Better values!!! :p
     
  8. House

    House Administrator Staff Member

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    All very true but this isn't your nest egg, it's money that can very easily be spared and therefore do nothing more than put you in front even if the market crashed 50%. And if you think that's going to happen, short yourself and put an outrageous $6/day in!

    Something like VAS or an LIC would give better results long term than picking it yourself. I believe iShares Asia, Eu and HK have averaged 10%+ return over the last 3 years.

    I thought most work places had fancy Nespresso machines and so coffee was free?
     
  9. SpacePete

    SpacePete Well-Known Member Silver Stacker

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    There was a time when I survived on those little International Roast and Blend 43 packets that can be found in cheep offices and hotels. Now I've moved on to better instant coffee like jars of Maccona.

    Remember I was selling those old 1/10 oz silver coins in a jar? That was a Maconna coffee jar I think.

    [​IMG]
     
  10. wrcmad

    wrcmad Well-Known Member Silver Stacker

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    +1
    Never worked anywhere that didn't supply coffee, tea, hot chocolate, powerade, milk and bikkies. :D
     
  11. smk762

    smk762 Active Member Silver Stacker

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    Gotta spend money to make money.
     
  12. lowtech

    lowtech Active Member

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    I unintentionally kicked a HEAVY caffeine addiction, by making a hot drink from about 1/6 tsp of cayenne and hot water.

    Haven't had a coffee since. Haven't felt this good either, for 25 years.

    Just take small sips for the first cup though, until you 'learn how' to drink it.

    Then you can drink it however you like, without spluttering, haha.

    If you seriously want to save your coffee money, give it a try.
    Two cuppas.
    The noob one and after it gets low, (don't drink the crap in the bottom, haha!) top it back up with water and have another one.

    Go try it.
     
  13. Fat Penguin

    Fat Penguin Well-Known Member Silver Stacker

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    Just out of interest, those of you who buy $1 coffee or recycle tea bags etc, how much alcohol would you consume in a typical week?
     
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  14. Jislizard

    Jislizard Well-Known Member Silver Stacker

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    I recycle my tea bags into compost. I also throw in the coffee grounds.

    Going out for a coffee is expensive but probably the cheapest thing you can do outside your own home. We go once a week on Sunday for the family coffee.

    I also chuck money into silver when it feels right, I don't buy regularly and I don't buy new releases but if any junk silver coins show up, I try to jump on them.

    I stopped reading the chart when it mentioned the 8% interest.

    I would just plough the money into an offset account and get around 5% savings on the mortgage.
     
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  15. Miksture

    Miksture Active Member Silver Stacker

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    If nothing else this strategy creates a cushion against the bad times. It should be done in addition to saving for a house and other investments in my opinion. Use the small but regular investment to build up a reserve that is not committed to any core strategy, ie you are not using it to offset some risk.

    Just my thoughts.
     

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