Mark Moss argues that skipping your morning coffee won't make you rich. Real wealth comes from building assets that grow 10-20% annually, far outpacing wage increases of 3% and inflation around 10%. Focus on appreciating assets, not penny-pinching.
I see way too many gurus online telling you you should quit your morning cup of coffee. But the problem with trying to cut out your morning cup of coffee is that you're only saving a couple bucks, maybe $5 or $6, but you can't save your way to wealth. You see, saving your wealth can only go to zero. What you want to focus on is growing your wealth instead. But I'm not talking about extra side hustles or starting a new business. If you focus on building your assets instead of your income, you can grow wealth 3, 4, 5, 10 times faster. You see, the average wage increase in the United States is about 3% a year. But the cost of living is going up by 10% a year, but I could get my assets to go up by 10, 15, or 20% per year. So instead of focusing on skimping in your morning coffee, think about building your wealth by multiplying your assets, which is going to do way more for your bottom line.
