Magazine

Ask Sallie: Why Should Women Buy the F***ing Latte? (Video)

By Sallie Krawcheck

The internet is full of people telling women that if they could just bring themselves to skip their daily latte, they could become millionaires.

Here’s why that makes Sallie LOL.


Sallie’s answer:

Because it’s delicious coffee!

And because I’m sure there’s a planet on which not buying the latte and investing the money will turn into a million dollars — like some pundits say — but I don’t think it’s planet Earth.

Because in order for one to not buy the latte, invest the money, have it turn into a million dollars — you have to get, we estimate, a 10% return every year, after fees, after taxes, after inflation, over 40 years, year after year after year, in order for it to turn into a million dollars.

That is more than five times more than individual investors have earned over the past 20 years by investing in the stock market. So there are things you should do to get yourself in better financial shape, but buy the f***ing latte.


Disclosures

© 2019 Ellevest, Inc. All Rights Reserved.

All opinions and views expressed by Ellevest are current as of the date of this writing, for informational purposes only, and do not constitute or imply an endorsement of any third party’s products or services.

Information was obtained from third party sources, which we believe to be reliable but not guaranteed for accuracy or completeness.

The information provided should not be relied upon as investment advice or recommendations, does not constitute a solicitation to buy or sell securities, and should not be considered specific legal, investment or tax advice.

The information provided does not take into account the specific objectives, financial situation, or particular needs of any specific person.

Investing entails risk, including the possible loss of principal, and there is no assurance that the investment will provide positive performance over any period of time.

A newsletter you’ll love

Get all the news, advice, and must-know info on women, money, and career.

SIGN UP
Sallie Krawcheck

Sallie Krawcheck is the Founder & CEO of Ellevest.