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Can't give up your daily latte? Do big things right and enjoy those little pleasures [Yahoo! Finance]
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Last starbucks corporation earnings: 4/28 04:05 pm
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US:NASDAQ Investor Relations: investor.starbucks.com/ir-home/default.aspx
It very likely has been drudgery most of their lives. A good chunk of financial failure can likely be traced back to some Ben Stein sound-alike high school teacher droning on about premium coffee and pizza and brown bag lunches. One of the toughest aspects of personal finance is balancing longer-term goals against the realities of today. Many finance writers and advisors prescribe an austere daily budget as the foundation for success. That prescription is so common that it has become cliche. Do a quick finance search online for Starbucks or pizza or even daily lunch options and you'll find dozens of stories explaining how that expense can be transformed into your retirement nest egg. The math is simple: $5 per day times 200 workdays per year times 20 years invested in a good growth fund at 8% equals $45,578.92! Wow, think what you could do with that! (Except in 20 years, that same $5 cup of coffee will probably cost closer to $10. God only knows about the price of other stuff.)
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