A 5-minute iced coffee trick could save you $100,000 by the time you retire

pulse

July 10, 2017 5:26 PM

Iced coffee in a french press is hassle-free, tastes like a cold brew from the store, and it could save you about $106,000 over 30 years. Here's how to make it.

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As a young man, Warren Buffett estimated he could save $300,000 over his lifetime by adjusting his haircut schedule.

Americans looking for ways to contribute to retirement funds can similarly look to their daily purchases — such as their morning cup of coffee — for potential savings, according to a Vanguard Blog for Advisors post by Frank Kinniry

Kinniry notes that while Vanguard recommends saving enough so that retirees can spend 75% their annual income from when they were working, the median account balance among Vanguard retirement plan investors fell by 11% from 2014 to 2015.

But that trend is not irreversible, especially for younger investors.

Convinced you need to start making coffee at home? Here's an easy trick to make iced coffee with a french press:

It's like your own cup of iced coffee from Dunkin Donuts or Starbucks, without the risk of being out $106,000 by the time you retire.

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