Comments on: The true cost of coffee addiction http://earlyretirementextreme.com/the-true-cost-of-coffee-addiction.html Becoming debt-free is the first step to building a better world. Financial independence is the second. Doing what YOU want is the third. Thu, 09 Feb 2012 00:07:08 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: Retirement planning for “free”: A case study of a case study involving 1.2 crores « The Palimpsest of Sawbones Surio http://earlyretirementextreme.com/the-true-cost-of-coffee-addiction.html/comment-page-1#comment-24849 Retirement planning for “free”: A case study of a case study involving 1.2 crores « The Palimpsest of Sawbones Surio Mon, 15 Aug 2011 16:10:27 +0000 http://earlyretirementextreme.com/2007/12/the-true-cost-of-coffee-addiction.html#comment-24849 [...] and had a year in mind in his query). What the journo doesn’t discuss in the paper is the “true cost” of the trip from a retirement/FI perspective, which is not Rs. 10,00,000, but Rs. 33,333,333 [...] [...] and had a year in mind in his query). What the journo doesn’t discuss in the paper is the “true cost” of the trip from a retirement/FI perspective, which is not Rs. 10,00,000, but Rs. 33,333,333 [...]

]]> By: subodh http://earlyretirementextreme.com/the-true-cost-of-coffee-addiction.html/comment-page-1#comment-23907 subodh Wed, 20 Jul 2011 09:08:39 +0000 http://earlyretirementextreme.com/2007/12/the-true-cost-of-coffee-addiction.html#comment-23907 Excellent article.This clearly reminds me of what my father used to say "before wishing for anything just think once if you really deserve it?" Excellent article.This clearly reminds me of what my father used to say “before wishing for anything just think once if you really deserve it?”

]]> By: Jacob http://earlyretirementextreme.com/the-true-cost-of-coffee-addiction.html/comment-page-1#comment-23333 Jacob Thu, 07 Jul 2011 06:02:51 +0000 http://earlyretirementextreme.com/2007/12/the-true-cost-of-coffee-addiction.html#comment-23333 @gaius - If the $15000 is invested in food related industries, those assets will also rise as costs are passed onto consumers and earnings go up, so it's a wash. @gaius – If the $15000 is invested in food related industries, those assets will also rise as costs are passed onto consumers and earnings go up, so it’s a wash.

]]> By: gaiusgracchus http://earlyretirementextreme.com/the-true-cost-of-coffee-addiction.html/comment-page-1#comment-23330 gaiusgracchus Thu, 07 Jul 2011 05:57:15 +0000 http://earlyretirementextreme.com/2007/12/the-true-cost-of-coffee-addiction.html#comment-23330 Hmmmm. Regarding the $50/month for food comment: "Aiming for the lower figure of $15000 is doable in a foreseeable number of years. After saving $15000 one NEVER needs to worry about food again. One is financially independent of the food expenses." What if commodities continue to rise in cost? (They have and they will continue to rise -- and in the coming years they will probably rise a LOT.) Then the idea that you are financially independent of food expenses would not hold true.... Hmmmm. Regarding the $50/month for food comment:

“Aiming for the lower figure of $15000 is doable in a foreseeable number of years. After saving $15000 one NEVER needs to worry about food again. One is financially independent of the food expenses.”

What if commodities continue to rise in cost? (They have and they will continue to rise — and in the coming years they will probably rise a LOT.)

Then the idea that you are financially independent of food expenses would not hold true….

]]> By: cescfiberglass http://earlyretirementextreme.com/the-true-cost-of-coffee-addiction.html/comment-page-1#comment-20231 cescfiberglass Sun, 02 Jan 2011 05:19:46 +0000 http://earlyretirementextreme.com/2007/12/the-true-cost-of-coffee-addiction.html#comment-20231 Excellent Site! I will be looking forward to some great articles to guide me. I am not as extreme as you, but I like the ideas if I can implement them to enhance my lifestyle and help me save some real money. Excellent Site!

I will be looking forward to some great articles to guide me. I am not as extreme as you, but I like the ideas if I can implement them to enhance my lifestyle and help me save some real money.

]]> By: Khaleef @ KNS Financial http://earlyretirementextreme.com/the-true-cost-of-coffee-addiction.html/comment-page-1#comment-17357 Khaleef @ KNS Financial Mon, 18 Oct 2010 23:39:59 +0000 http://earlyretirementextreme.com/2007/12/the-true-cost-of-coffee-addiction.html#comment-17357 Thinking about becoming financially independent, one expense at a time is great! Of course I think ti will also help us curb unnecessary expenses as well. Thinking about becoming financially independent, one expense at a time is great! Of course I think ti will also help us curb unnecessary expenses as well.

]]> By: Weekend Reading – 10/08/2010 | Provident Planning http://earlyretirementextreme.com/the-true-cost-of-coffee-addiction.html/comment-page-1#comment-17033 Weekend Reading – 10/08/2010 | Provident Planning Fri, 08 Oct 2010 10:06:53 +0000 http://earlyretirementextreme.com/2007/12/the-true-cost-of-coffee-addiction.html#comment-17033 [...] articles I found this week that I’d like to share with you: Early Retirement Extreme – The true cost of coffee addiction – [Jacob offers a great way to look at the long-term cost of your expenses - big or [...] [...] articles I found this week that I’d like to share with you: Early Retirement Extreme – The true cost of coffee addiction – [Jacob offers a great way to look at the long-term cost of your expenses - big or [...]

]]> By: deegee http://earlyretirementextreme.com/the-true-cost-of-coffee-addiction.html/comment-page-1#comment-16837 deegee Sat, 02 Oct 2010 15:53:22 +0000 http://earlyretirementextreme.com/2007/12/the-true-cost-of-coffee-addiction.html#comment-16837 Makes me glad I don't drink coffee, so my coffee expense is zero. Can't beat that! Makes me glad I don’t drink coffee, so my coffee expense is zero. Can’t beat that!

]]> By: Traciatim http://earlyretirementextreme.com/the-true-cost-of-coffee-addiction.html/comment-page-1#comment-16816 Traciatim Sat, 02 Oct 2010 00:53:44 +0000 http://earlyretirementextreme.com/2007/12/the-true-cost-of-coffee-addiction.html#comment-16816 I, like George, wonder how you eat for $50 a month. I consider myself pretty good at eating cheaply and come nowhere near this figure . . . That's only $1.66 a day. I can probably do that through Breakfast and Lunch, but then supper is generally twice that amount per person all by itself. @Robyn: Generally if you want to retire and have a yearly income you can calculate a safe withdrawal rate around 4% (some people use 3.5 or 3.75% to be safe). So if you want to have $10000 a year of your own income, you need 10000 / 0.04 = $250000 of assets. In real life the calculation is much more complicated (due to inflation, taxes, etc) but as a rule of thumb 4% is considered the 'safe' withdrawal rate. I, like George, wonder how you eat for $50 a month. I consider myself pretty good at eating cheaply and come nowhere near this figure . . . That’s only $1.66 a day. I can probably do that through Breakfast and Lunch, but then supper is generally twice that amount per person all by itself.

@Robyn: Generally if you want to retire and have a yearly income you can calculate a safe withdrawal rate around 4% (some people use 3.5 or 3.75% to be safe). So if you want to have $10000 a year of your own income, you need 10000 / 0.04 = $250000 of assets. In real life the calculation is much more complicated (due to inflation, taxes, etc) but as a rule of thumb 4% is considered the ‘safe’ withdrawal rate.

]]> By: Money Funk http://earlyretirementextreme.com/the-true-cost-of-coffee-addiction.html/comment-page-1#comment-12516 Money Funk Sat, 12 Jun 2010 20:33:30 +0000 http://earlyretirementextreme.com/2007/12/the-true-cost-of-coffee-addiction.html#comment-12516 Wow, that is an awesome way to look at things. Great explanation! My usual daily/weekly buys will be totally nit picked now. Wow, that is an awesome way to look at things. Great explanation! My usual daily/weekly buys will be totally nit picked now.

]]> By: Macs http://earlyretirementextreme.com/the-true-cost-of-coffee-addiction.html/comment-page-1#comment-10934 Macs Mon, 26 Apr 2010 11:45:08 +0000 http://earlyretirementextreme.com/2007/12/the-true-cost-of-coffee-addiction.html#comment-10934 Funny, I was in the supermarket yesterday, looking at jars of coffee... thinking to myself 'how much is that in terms of capital for passive income?' My mental arithmatic failed me, yet I still came to the conclusion that I drink WAY TOO MUCH COFFEE. People give me some funny looks when I'm shopping, they just don't understand Jacob is my silent, invisible shopping buddy :) Funny, I was in the supermarket yesterday, looking at jars of coffee… thinking to myself ‘how much is that in terms of capital for passive income?’ My mental arithmatic failed me, yet I still came to the conclusion that I drink WAY TOO MUCH COFFEE.

People give me some funny looks when I’m shopping, they just don’t understand Jacob is my silent, invisible shopping buddy :)

]]> By: Andy http://earlyretirementextreme.com/the-true-cost-of-coffee-addiction.html/comment-page-1#comment-10931 Andy Mon, 26 Apr 2010 10:05:26 +0000 http://earlyretirementextreme.com/2007/12/the-true-cost-of-coffee-addiction.html#comment-10931 @George: I would think it by buying everything in Bulk, making food that lasts more than 1 day, etc. This post is excellent! It has given me more ideas. @George: I would think it by buying everything in Bulk, making food that lasts more than 1 day, etc.

This post is excellent! It has given me more ideas.

]]> By: George http://earlyretirementextreme.com/the-true-cost-of-coffee-addiction.html/comment-page-1#comment-10896 George Sun, 25 Apr 2010 21:05:12 +0000 http://earlyretirementextreme.com/2007/12/the-true-cost-of-coffee-addiction.html#comment-10896 Just discovered your blog, and I think it is totally awesome! How do you eat for $50 per month? I think I can do it $5 per day ($150 per month) and I thought that was super cheap. I did my own coffee calculation, and I pay $8 per pound for (what I think is) super high quality coffee. That comes out to 16 cents per cup. Sugar was 4 cents and creamer 5 cents, so the total is 25 cents. Just discovered your blog, and I think it is totally awesome!

How do you eat for $50 per month? I think I can do it $5 per day ($150 per month) and I thought that was super cheap.

I did my own coffee calculation, and I pay $8 per pound for (what I think is) super high quality coffee. That comes out to 16 cents per cup. Sugar was 4 cents and creamer 5 cents, so the total is 25 cents.

]]> By: $$ http://earlyretirementextreme.com/the-true-cost-of-coffee-addiction.html/comment-page-1#comment-9915 $$ Fri, 12 Mar 2010 02:48:49 +0000 http://earlyretirementextreme.com/2007/12/the-true-cost-of-coffee-addiction.html#comment-9915 This argument is made quite a bit and yet is so flawed. Final savings numbers are really skewed when not taking inflation into account. Although in principal it is still a wise idea to save as much as possible, I've analyzed in a more realistic way to come up with hopefully more accurate numbers. See the following if interested... http://livinginvol.com/?p=6 This argument is made quite a bit and yet is so flawed. Final savings numbers are really skewed when not taking inflation into account. Although in principal it is still a wise idea to save as much as possible, I’ve analyzed in a more realistic way to come up with hopefully more accurate numbers. See the following if interested… http://livinginvol.com/?p=6

]]> By: Robyn http://earlyretirementextreme.com/the-true-cost-of-coffee-addiction.html/comment-page-1#comment-6196 Robyn Sun, 09 Aug 2009 00:43:10 +0000 http://earlyretirementextreme.com/2007/12/the-true-cost-of-coffee-addiction.html#comment-6196 J - remedial math student here - could you explain the "canonical 4% withdrawal rate"? J – remedial math student here – could you explain the “canonical 4% withdrawal rate”?

]]> By: Jacob http://earlyretirementextreme.com/the-true-cost-of-coffee-addiction.html/comment-page-1#comment-6189 Jacob Sat, 08 Aug 2009 20:17:55 +0000 http://earlyretirementextreme.com/2007/12/the-true-cost-of-coffee-addiction.html#comment-6189 @chessiq - Actually I wonder too now. I also get 2280. @chessiq – Actually I wonder too now. I also get 2280.

]]> By: chessiq http://earlyretirementextreme.com/the-true-cost-of-coffee-addiction.html/comment-page-1#comment-6188 chessiq Sat, 08 Aug 2009 20:13:57 +0000 http://earlyretirementextreme.com/2007/12/the-true-cost-of-coffee-addiction.html#comment-6188 I really enjoy your blog, and it is an inspiration for me. I was wondering how you found the $900 on the $0.25/day coffee. For some reason, I am getting something like $2,250, so I suspect that I may be doing something wrong. I am going to try to figure out what expense I should start with on my expenses. It will be nice to say something like, "I am financially independent when it comes to food; I am working on housing." etc. I really enjoy your blog, and it is an inspiration for me. I was wondering how you found the $900 on the $0.25/day coffee. For some reason, I am getting something like $2,250, so I suspect that I may be doing something wrong.

I am going to try to figure out what expense I should start with on my expenses. It will be nice to say something like, “I am financially independent when it comes to food; I am working on housing.” etc.

]]> By: jane in sf http://earlyretirementextreme.com/the-true-cost-of-coffee-addiction.html/comment-page-1#comment-479 jane in sf Thu, 21 Feb 2008 02:00:05 +0000 http://earlyretirementextreme.com/2007/12/the-true-cost-of-coffee-addiction.html#comment-479 in the interests of saving dough and a strong dislike of drinking beverages out of a paper cup, i brew my coffee at home & can say it costs me approx. 1.55 average (french press - a couple of cups at home & enough for little thermos at work). yes, my name is jane & i am a caffeine addict. as i keep cutting my expenses, this one haunts me - do i have what it takes to quit (wean, otherwise headaches fierce). getting closer. it would be great to be free of all bad habits (my definition of "bad" here is that i rely on the substance & i would not want to be with me without caffeine, today that is . . . but the expenditure is going to get in my way. in the interests of saving dough and a strong dislike of drinking beverages out of a paper cup, i brew my coffee at home & can say it costs me approx. 1.55 average (french press – a couple of cups at home & enough for little thermos at work). yes, my name is jane & i am a caffeine addict. as i keep cutting my expenses, this one haunts me – do i have what it takes to quit (wean, otherwise headaches fierce). getting closer. it would be great to be free of all bad habits (my definition of “bad” here is that i rely on the substance & i would not want to be with me without caffeine, today that is . . . but the expenditure is going to get in my way.

]]> By: SJean http://earlyretirementextreme.com/the-true-cost-of-coffee-addiction.html/comment-page-1#comment-472 SJean Wed, 20 Feb 2008 17:26:06 +0000 http://earlyretirementextreme.com/2007/12/the-true-cost-of-coffee-addiction.html#comment-472 I know this is an older article, but it caught my eye, as I drink coffee Interesting way to look at it--I do not think one cup costs $1/day though, if you brew your own. I know this is an older article, but it caught my eye, as I drink coffee

Interesting way to look at it–I do not think one cup costs $1/day though, if you brew your own.

]]> By: sheri http://earlyretirementextreme.com/the-true-cost-of-coffee-addiction.html/comment-page-1#comment-21 sheri Fri, 21 Dec 2007 22:17:00 +0000 http://earlyretirementextreme.com/2007/12/the-true-cost-of-coffee-addiction.html#comment-21 Great new take on retirement savings! I semi-retired a little over a year ago in my mid-thirties. Hopefully I can implement some of your savings concepts to get me the rest of the way there. Great new take on retirement savings! I semi-retired a little over a year ago in my mid-thirties. Hopefully I can implement some of your savings concepts to get me the rest of the way there.

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