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The Latte Factor

The Latte Factor: Getting Rich by Cutting Out Coffee (Not!)

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The Latte Factor & The 3 “Secrets” of Financial Independence

The FI community curses the latte factor as a reason for not being rich. Also, many discuss the latte factor without the underlying concepts mentioned. Thus, the latte factor is an example of a daily expense that grows exponentially when invested.

Through a third-person narrative, Bach mentions 3 “secrets” to financial independence. These secrets are paying yourself first, making it automatic, and living a rich life now.

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Piggy Bank

How Can the Financial Independence Community Assist Low-Income Earners

Assisting Low-Income Earners: The Tweet that started this post

I recently connected with a few FIRE folks on Twitter in an elongated discussion about how to best assist low-income earners. The example stated in the thread was a single mom of 3 making $10.68/hour working 60 hours 6 days per week making a gross income of around $33,000 by @Makerealcents.

@Makerealcents Tweet that started the discussion

Those engaged in the thread agreed that more needs to be done to assist low-income earners, as this is something, I am passionate about. When I started my FI journey I was making about $10.50 plus benefits, working 40 hours a week.

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