787: A Different Way To Look At The Latte Factor by Nick True of Mapped Out Money on Frugality & Mindful Consumption

Optimal Finance Daily - Financial Independence and Money Advice

Optimal Living Daily LLC

Self-improvement, Education, Business, Investing

4.5 • 1.3K Ratings

🗓️ 5 March 2019

⏱️ 9 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Nick True of Mapped Out Money shares a different way to look at the latte factor. Episode 787: A Different Way To Look At The Latte Factor by Nick True of Mapped Out Money on Frugality & Mindful Consumption Nick True is the founder of Mapped Out Money, where he helps you get a grip on your finances and take hold of freedom. His goal is to help you save more, live more, reduce debt, and get free. Mapped Out Money is for you if you want actionable steps to help get control of your money, you want to be free from money stress, you're ready to change your life and use money to support your dreams, and you don't want to settle for mediocrity. The original post is located here: https://mappedoutmoney.com/different-way-latte-factor/ Please Rate & Review the Show! Visit Me Online at OLDPodcast.com & in The O.L.D. Podcasts Facebook Group! and Join the Ol' Family to get your Free Gifts This episode is proudly sponsored by DesignCrowd! Get $100 off your first design project with the coupon code FINANCE: DesignCrowd.com/Finance Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

Click on a timestamp to play from that location

0:00.0	This is where
0:02.0	optimal finance daily, episode 787,
0:04.0	a different way to look at the latte factor
0:06.0	by Nick True of mapped-out money.com.
0:09.0	And I'm Dan, I'm your host here on the Optimal Finance Daily Podcast,
0:13.5	and this is where I read to you from some of the best personal finance
0:16.2	blogs on the planet.
0:18.0	For now, let's get right to today's post
0:20.2	as we optimize your life.
0:31.0	A different way to look at the Lautae Factor by Nick True of mapped-out money.com.
0:36.7	There is a long and drawn out debate in personal finance centered around the latte. It even got its own cool name, the latte factor. David Bach coined the term in the automatic millionaire. In his mind the
0:45.0	latte represents more than just your daily coffee choice. It's about small
0:48.9	purchases we all want to make but should instead sacrifice for long-term gain.
0:54.0	A few years ago there was another version of this factor that inspired a lot of outrage.
0:58.3	An Australian businessman stated,
0:59.9	millennials don't own homes because they're spending money on avocado toast.
1:04.8	The Lauté Factor debate.
1:07.2	On one side of the Lauté Factor, you've got Team Frugal who says spending four to five dollars
1:12.2	on a cup of coffee is just plain stupid.
1:14.7	They argue you should stop wasting money and invest it instead.
1:18.4	On the other side, you've got Team YOLO.
1:20.8	Okay, not really.
	...

Please login to see the full transcript.

Previous episode | Next episode

Disclaimer: The podcast and artwork embedded on this page are from Optimal Living Daily LLC, and are the property of its owner and not affiliated with or endorsed by Tapesearch.

Generated transcripts are the property of Optimal Living Daily LLC and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.