Making your own caffè latte every morning could save you $337,942 over your lifetime

Wake up and smell the freshly brewed espresso — and then, if you’re so inclined, buy it or brew it. Not buying coffee won’t make you a millionaire, but making your morning coffee yourself could save you hundreds of thousands of dollars over your lifetime.

To combat the idea of forgoing lattes in the name of becoming a millionaire, Beth McMillan, a Ph.D. student in the computer science at the University of Oxford, decided to crunch the numbers: She found that, if instead of buying a latte, you invested 3 euros ($3.19 in U.S. dollars) for every day you bought a latte into an account that paid 6% interest for 50 years, you’d end up with 318,135.57 euros, or $337,942.69.

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