The $500 Cup of Coffee: A Lifestyle Approach to Financial Independence Especially for Millennials and the People Who Love Them

by Steven W Lome

"The $500 Cup of Coffee" helps balance present-day choices and future needs by asking, “why are you paying $500 for a cup of coffee?” If you’re a baby-boomer, like authors Steve Lome and Dave Kramer, you’re not. But if you’re 20 or 30-something years old, consistent investment of small amounts adds up over time. When you invest rather than ingest your coffee money, the future value of one week of gourmet coffee could easily exceed $500 thanks to the power of compound interest. Lome, a residential real estate developer, and co-author, David Kramer, a mortgage broker, nearly lost their shirts when the housing market crashed in 2008. Picking up the pieces, they wrote "The $500 Cup of Coffee" to inform and inspire others to build and hold onto to their wealth. Writing in a friendly style, they show you how to take control of your money so that money stops controlling you. They demonstrate that managing money is not difficult, investment is not scary, and that financial security is within reach, especially if you’re young and invest your time and money wisely. A how-to book that doesn’t tell you what to do, it presents a big picture view that will inspire you to think more carefully about education, work, home, and planning for the future. With "The $500 Cup of Coffee" as your guide, you’ll make smarter money choices, build your wealth, and use it to make life better.

250 pages, Paperback

Published May 18, 2017

Reviews

[Mandy Davis · Rating 4 out of 5]

I'm about to graduate from college, so this was the perfect book for me. It's definitely written for someone like me who had little to no prior personal finance knowledge before. If you're 40 and know what you're doing, you probably won't learn a thing. There were a handful of typos and the charts appeared to be made in Excel which made it look cheap (makes sense though because this appears to be self-published). All in all, a very useful book for me—I will be recommending this to my college-aged friends.

[Douglas Bowen · Rating 2 out of 5]

Money and personal finance book. Kind of dumb, not original, and poor approach to very common savings and investment ideas. I would never reread this book.

[Josh Liston · Rating 2 out of 5]

The authors sound like interesting people with a positive outlook on life (away from their work/writing), but this book was beyond boring..

[Nell · Rating 4 out of 5]

A step by step guide for anyone wanting to take control of their finances.

[Scott Winterroth · Rating 5 out of 5]

I found this book to be packed with quality advice for getting on the right path to financial success, especially good for someone in their early twenties and looking for a roadmap to success.

[Michael Lynch · Rating 5 out of 5]

Good full overview with faces and financial truths.