Posted on 07/18/2019 2:36:52 PM PDT by Red Badger
Suze Orman wants young people to stop peeing away millions of dollars on coffee. Last month, the personal-finance celebrity ignited a controversy on social media when a video she starred in for CNBC targeted a familiar villain: kids these days and their silly $5 lattes. Because brewing coffee at home is less expensive, Orman argued, purchasing it elsewhere is tantamount to flushing money away, which makes it a worthy symbol of Millennials squandered resources.
Ormans not alone in this view. The old guard of personal finance has spent years turning the habit of buying coffee into a shorthand for Americans profligacy, especially that of young Americans. Dave Ramsey, a finance personality who hosts a popular radio show on getting out of debt, says that forgoing lattes is one of four keys to saving thousands of dollars. Kevin OLeary, one of the investors on the entrepreneurial reality show Shark Tank, once told CNBC, I never buy a frape-latte-blah-blah-blah-woof-woof-woof. Even the official Twitter account for Chase Bank has gotten in on the fun, intimating via meme that a failure to brew at home is why young people dont have any money.
In the face of coffee shaming, young people usually point to things like student loans and housing prices as the true source of the generations instability, not their $100-a-month cold-brew habits. Nonetheless, coffee endures as a personal-finance flash point because it provides such a tidy intersection of generational tensions. A cup of coffee embodies changes in everything from how younger Americans eat to where they live and how they approach their finances. For young people who buy one each morning, the walk up to the barista can be a shame-tinged tug of war.
(Excerpt) Read more at theatlantic.com ...
Yes, about 5 cents at home and I don’t have to get out of my pjs to drive half an hour to the nearest $tarbucks. Proud to say I’ve never bought coffee out anywhere.
Since I’m too far from a commissary to get “military grind” generic coffee that is sold there, and also the same as is issued to mess halls (dining facilities for the modern military folks), I’ve gone to Maxwell House or Nestle’s Instant for my 2 cups in the morning.
Do what you want with your own cash, yes.
But then don’t moan about your 200,000 bucks of loan debt after daily blowing cash on five dollar cups of burned ookum at Starbucks and eating out every night in designer shoes while driving there in a brand new crossover while complaining about our Trump-induced materialistic society.
(whew)...that was fun!
;^)
Sure, except that the people wasting their cash NOW will be the ones to demand that the government ‘do something’ later.
I like my coffee, I really like my beer, but I pay myself first.
I don’t. But if I did, Suze’s got no business waggling her finger to people about it. She’s way too worried about dumb stuff.
I am SO sick of any criticism of personal behavior being labeled “shaming”. It’s just one more example how many millennials (and others) refuse to admit that reality exists and you can’t magically transform it into a beautiful princess who eats cakes all day if you’re really an ugly male.
It is a fact that many people piss away lots of money on the daily latte, eat more than they should, sleep around, etc. All of these behaviors have consequences and when a financial advisor, doctor, or whatever points out the consequences of this behavior, he is simply doing his job. You don’t have to take that advice, but the consequences are still there.
I watch people. When I find out what 2 of 3 people have no ability to exercise self control on, I buy that companies stock.
https://www.youtube.com/watch?v=M0yhHKWUa0g
Bad title...it’s more like “decision shaming”...if you’re still paying student loans don’t spend money stupidly...if you’re wealthy, buy what you want.
I think it’s good advice, but we all have pleasures we are willing to pay for.
One "Blue Sun" caffeine tablet & a glass of iced distilled water for me; I call it "Cafe Blanc."
I have to agree with this, I know people who spend $10 to $15 a day on coffee and then b!tch because they’re broke all the time.
Me as well
It weren't Millennials who shipped every blue collar manufacturing job off to China while importing an army of slave wage immigrants to work the few that remained.
It weren't Millennials that demanded that every job that paid over $10/hour require a college degree and then oversaw the skyrocketing of tuition rates to the point where a diploma costs as much as a new home.
Anyhow, I'm Gen-X. I'm just going to sit and watch the world burn, --and laugh my ass off when Millennials implement socialized medicine that makes health care affordable by sending grandma to the glue factory.
I was a coffee barista back in college. Its easy to get addicted to those fancy drinks, but its also easy to make them at home on the cheap. And once you get the techniques down, the home-made kind taste even better than the coffee-bar kind.
...."Guy who makes his own coffee because coffee isn't hard to make."
People have a natural dullness when it comes to small purchases made often. If they had to pay for a month at a time they wouldn’t buy coffee at a coffee bar.
I had it twice. Horrific, burnt taste. No wonder people have all kinds of stuff added to it.
“I dont. But if I did, Suzes got no business waggling her finger to people about it. Shes way too worried about dumb stuff.”
Your reading comprehensi8n is very poor or you were too lazy to read what she wrote.
No peabrain. I'm referring to the time it take me to brew and drink the coffee.
(But just so you know, I do bill for time to travel to their customers' sites. I hope you understand.)
ML/NJ
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