Can we talk about blowing a dollar on something stupid?

Yes, just one dollar. Who cares. You have 876 of those dollars in your bank account, why would you miss just one?


Here is why. Remember interest? We talked about it before. Its when your money earns money by doing what it does best, working. Actually you lend your dollar to someone, they pay you money to borrow that dollar and eventually give you your dollar back.  I call this giving your money a job.

Anyway back to my point, the reason you should think about that dollar you are blowing on that snickers bar that you your ass does not need (well mine doesn't anyway) is because of this:

Your dollar over your lifetime could actually pay you 33 dollars over your lifetime! *


Ladies and Gentlemen that is a shit load of money for one small, measly dollar to give to you! I am choking on my snickers right now just thinking about it. 

So you may be saying to yourself, "Well big deal, 33 dollars won't buy me much either!" but we are only talking about the effects of blowing 1 dollar. You probably blow 100 dollars a month on stupid shit without even blinking. So use this same concept on 100 dollars blown on shit every month and see where we end up.


So instead of blowing 100 dollars a month on, you save it, earn interest on it, and over your lifetime you end of with........wait for it.............

$1,112,186.25! **

For God Sakes People can we stop blowing money on shit we don't need? 

We can! Start tomorrow. Just don't blow 3 dollars you normally blow and by the end of the month you will have saved 100 dollars, you are now well on the way to 1.1 million large. 

Ladies until next time, stop blowing money on 3 dollars of shit each day.

*For all you geeks out there I did a time value of money calculation using 7% compound return over 60 years
** This is the future value of 100 dollars, invested monthly over 720 months, or 60 years, at 7% interest.