Kevin O’Leary tells people not to waste $28 a day on lunch.
He is immediately scorned because, the people who are struggling complain, then produce excuses as to why they need those $28 lunches. Do the math:
If you go out to lunch at $28 a day every workday, that works out to $560 per month in lunches. What if you had brown bagged it every day instead? That could easily free up $350 per month that could be invested. In an index fund at 9% per year, that adds up.
- In 10 years, it would be worth $67,000
- 20 years, $233,000
- 30 years, $640,000
- and at 35 years, you would break a million
Or you can keep going out and spending $28 a day on lunch, $5 on a Starbucks every morning, and complaining about how you are still broke and blaming “boomers” for the fact that you can’t afford to buy a house.
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