You'll see this ridiculous picture in captions everywhere where someone's complaining about cutting out a daily work coffee to save money. The meme suggests that saving $20 a week gives you $80 a month or $960 a year. They've even got the maths wrong by assuming exactly four weeks in a month. After 10 years, you've supposedly saved $9,600, which isn't enough to buy a house, so you might as well enjoy your coffee.
Read MoreI see ads like this all the time from other advisers and it tends to annoy me.
It’s a clear play on the meme that went around ages ago about cutting back on coffee of avocado toast to save for a house.
It’s designed to get you annoyed, give you some FOMO and make you think you need to do more, and they can sell you on buying rental property, with the aim that this helps you pay off your loan faster.
Read MoreI often talk to people who think that because they have not started planning in the 20s, its too late now in their 30s, 40s, 50s or even 60s.
While the best time to start planning for your future is when you start work, the next best time is today, or tomorrow.
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