Home
>
Wealth Building
>
You?re Eating Your Retirement Money

You?re Eating Your Retirement Money

Ever think about how eating all those fast food meals for lunch are effecting your pocketbook. Let's do the math. You eat out 5 days a week at an average cost of $5 to $7 a day.

At $5 a day averaging 20 days a month (and some months more), but let's just go with 20 days x $5 = $100 a month x 12 months, that is $1200 a year. You could use that $1200 for a vacation, or as the title of this article states, start your own retirement fund. You do the math. Let's say you are currently 30 years of age and you save that $1200 a year x 35 years (retiring at age 65) = $42,000. Now that is just a straight $42,000 not invested in a mutual fund, IRA, or any type of fund that would pay some interest or grow over the years. It is a lot better than it just going down your throat, never to be seen again.

Let's do the math for $7 x 20 days = $140 a month x 12 months = $1680 x 35 years = $58,800. And if you spend more for lunch just do the math. It is a substantial sum of money going down the tubes (your esophagus to be exact)!

Years ago, when I worked in Corporate America, my co-workers would be mystified by my ability to buy a new dress, suit, coat, shoes, etc. each month. They consistently remarked on how good my wardrobe looked and wanted to know my secret. It was simple. I saved around $100 per month by bringing my lunch from home instead of eating out. I took some of what I saved for clothes and saved the rest. My friends were amazed that such a small change could have such great benefits for them.

I spend on average $2-$5 a week on lunch depending on what I buy. If for example I buy tuna, I can get that not on sale for $2 a can. Mixed with mayo or dressing, which I already have, that makes a week's lunch on a slice of bread, which again I already have in house, along with the piece of fruit. For those of you who are sticklers out there, tuna = $2; bread = $3; mayo/dressing = $3; that is still under $10 for the week, and at $5 a day for lunch, what you pay for two days of lunch I am getting lunch for a week. To be a bit more exact: remember, the mayo and bread last for more than one week, so the actual cost is even less than $10 per week.

For those of you who are already complaining you don't have the time to make lunch. Yes you do, after you have cleaned up after dinner, take the time to make up your lunch for the next day. Take some time on Saturday or Sunday to make up your lunch for the week.

So, start eating smart, and in the majority of cases a lot healthier, today, and the biggest PLUS is start saving lots of money for the special things you want and for an even better retirement.

Interested in having your own successful, home based creative real estate investing business? Chuck and Sue have been helping folks start successful home based businesses for over 19 years, and we can help you too! To see how, visit http://www.homebusinesssolutions.com for the latest FREE tips and tricks, educational products and coaching in creative real estate investing and home based businesses. No time to visit the site? Subscribe to our "how to" Home Business Solutions Digest, it's like having your own personal coach. Visit http://www.homebusinesssolutions.com to start today.

Lincolnshire shuttle from Midway .. Lockport Chicago limo O’Hare

In The News:

Most cameras allow you to instantly transfer images from a camera to a smartphone via Bluetooth, and you can print photos directly from your phone.

Security researchers have found a fake app pretending to be a version of the messaging app Telegram, and hackers are using the app to spread malware.

Meta recently announced it will cease working with third-party fact-checking organizations to flag misleading posts on Instagram, Facebook and Threads.

Scientists have developed a floating solar still device that is capable of harnessing the sun's energy to purify seawater and withstanding harsh maritime conditions.

Stay up to date on the latest AI technology advancements and learn about the challenges and opportunities AI presents now and for the future.

Tech expert Kurt “CyberGuy" Knutsson says business email compromise scams are a serious threat, as shown by Teresa W.'s near loss of thousands of dollars.

Big tech coming in 2025 includes solar umbrellas, AI TVs, smart earbuds and crazy robots. Tech expert Kurt “CyberGuy" Knutsson gives his take on the wonders revealed at CES 2025.

Tech expert Kurt “CyberGuy" Knutsson provides two methods to restore your contacts for iPhone and Android devices.

FBI warns that criminals are using generative AI to exploit individuals with deceptive tactics. Kurt “CyberGuy" Knutsson explains their tactics and how to protect yourself from them.

Tech expert Kurt “CyberGuy" Knutsson says hackers are embedding dangerous code in Chrome extensions to steal your data.

Google Maps Location Sharing is now built into Android settings; no need for Maps settings. Tech expert Kurt “CyberGuy" Knutsson discusses the welcome improvement for Android users.

Not all apps out there offer legit virtual private networks, according to Kurt the CyberGuy. He explains how to keep your information safe.

Apple's Image Playground transforms text prompts into images or animations in seconds, brining a world of creativity to the palm of your hand.

NASA's Ingenuity helicopter, which flew on Mars in April 2021, became the first aircraft to achieve powered, controlled flight on a planet other than Earth.

Stay up to date on the latest AI technology advancements and learn about the challenges and opportunities AI presents now and for the future.

Thieves who have iPhones can usually detect a hidden AirTag in vehicles they are attempting to steal, and an RFID wallet may not help you.

Genmoji, the latest addition to Apple's Apple Intelligence suite, uses artificial intelligence to generate customized emoji based on text descriptions.

It's easy to find yourself swamped in unread emails. Here are a few simple steps to archiving them and clearing out some of your digital clutter.

Keep your retirement plan safe from data brokers selling your personal information. Kurt the CyberGuy explains how to protect yourself and your retirement.

Turo faces scrutiny after tragic incidents involving rented vehicles, raising questions about security measures and regulatory frameworks.

A Chinese company has developed a spherical, 276-pound law enforcement robot that has been chasing down criminals at impressive speeds.

Here are some powerful online sleuthing tricks you can use to check the credibility of a website, see old pictures of places you've lived and even learn more about your neighbors.

Beware scam calls: Avoid unknown numbers and protect your personal information. Tech expert Kurt “CyberGuy" Knutsson talks about the increasingly common scam.

Tech expert Kurt “CyberGuy" Knutsson helps you crush your New Year's goals with these 12 apps to help you stay on track and succeed.

There are many untapped safeguards and tips you can learn to take your Wi-Fi knowledge to the next level, technology expert Kim Komando shares her tricks.

You?re Eating Your Retirement Money

Wealth Building