How the little things add up

You may have heard of the "Latte Factor", and although this term is aimed at an American audience, it is only the brand names that change in the UK. Here is how small costs you may have at the moment would exponentially grow if you invested the cash as opposed to wasting it. In all circumstances, I'll assume you save the cash for 32 years (from the average First Time Buyer age until retirement) and that the money gets saved into an account paying 6.25% interest (tax free):
Daily Newspaper - £10,534 Sausage roll and can of pop - £39,505 20 fags a day - £221,233 Packet of chewing gum - £18,346
Total - £289,618
As you can see, these small costs add to up to a fortune overtime. It is necessary to think about this carefully and make a decision. Would you rather have the instant gratification of the above, or would you rather have £289,618? It seems an obvious answer but why then are so little of us making the right choice.
If you want the cash then look at ways you can replace, substitute and amend. Learn how to break habits. Discover new ways of doing things. For those that want to break from the norm and do things differently there is a massive support network on the internet.
If you want to live life differently then think about how you can use your new wealth to good effect. Doesn't it rock your world to think that changing your life in so small a way can eventually lead to you becoming a millionaire and beyond. This is the Butterfly effect in real life!
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