I have been reading a bit lately. Book titles include but not limited to
- Your Money or Your Life
- You Can Buy Happiness (and It’s Cheap)
- Last Child in the Woods
- Cradle to Cradle – Remaking the Way We Make Things
- Why We Do What We Do
- Green Metropolis
- Early Retirement Extreme
- Why We Run
- The Lure of Long Distances
- How to Survive Without A Salary
- The Sponsorship Seekers Toolkit
- Blog Inc
- Goals – How to Get Everything You Want – Faster Than YO Ever Thought Possible
- Achieve Anything in Just One Year
- Possum Living
- Finding Freedom in a Unfree World
- Life-Span Human Development
- Growth Maturation and Physical Activity
- Qualitative Analysis of Human Movement
- No Impact Man
These are not all the books I have been reading in the last month. But the list above is getting more of my time than most. I am not always a cover to cover reader but a lot of them listed have been read cover to cover.
If you know these titles a general theme arises. Green, Self-help, Running, Physical Movement, Age and Finance. Not the usual finance but the philosophy of finance to be more specific. Green; my conclusion of living green is if you really want to go green, it is about consuming less. Over all these books are all for me about learning how I can get even more out of life.
My reading has lead to self-talk; I started to ask myself a few simple questions What does my coffee really cost? How long do I have to work to afford each cup of coffee. If I were to break down my year into the time I exchange with my employer for money. How long does it take in minutes, hours, weeks to pay for a java habit? I know that to pay the mortgage takes about 26 weeks of work per year at my current pay rate.
The answer is not simple well at least not to me. I drink quite a bit of coffee. As I have said in my about me coffee is my last vice. I no longer drink alcohol, I was never much of a drinker I had a drink once or twice a week. But then a few years ago my liver decided to stop working correctly and I was told to stop any consumption of alcohol. I am also Vegetarian and in the last year I have stopped eating chocolate (after figuring out that I was having bad reactions to amines). On the good side of not eating chocolate, I no longer suffer huge unexplained headaches.
I currently drink around 3-5 coffees a day. These are made on my home Breville 800 espresso maker. I rarely purchase coffee out call me a coffee snob but few make a coffee just the way I like it. I also have issue handing over $4-5 for a cup of coffee I can make at home for a lot less and it tastes better at home.
So the maths for what it cost me for a cup of coffee: That is really yet to come.
Coffee machine: Well I did not really purchase the machine directly. We used points from our Credit Card reward system to purchase the machine. I have spent around $220 in repairs to keep it going. But the machine makes a great cup of coffee. I am not sure of the exact cost of running the machine power wise but I will work that out as part of this process/project. I am also not sure of the cost per cup. I use beans that my wife purchases online, they taste great are award winning and come right to your door. Milk well I have expensive tastes when it comes to milk. I drink Scenic Rim 4Real Milk in my coffee. It is pasteurised but not homogenised. It is more expensive than milk from the local supermarket but it tastes so much better.
So my coffee habit cost quite a bit. But what I wonder is how much money I need to earn to pay for the habit and if I know the true cost would I still drink coffee. So lets say I still want to drink coffee because lets face it I enjoy it A LOT.
Could you have a passive income that would pay for say your coffee habit? How much money would need to be invested to earn sufficient passive income?
What if I no longer wanted to actively pay for coffee? That is I no longer want to swap time (my energy) in exchange for wage, that I then spend on a drink. How much money would I need to have invested to earn a passive income that would actually cover my habit of drinking coffee? Currently I have no idea but I am going to do my best to figure it out and bring you the results.
The question I ask myself is can I do more with less stuff and achieve more of what I want, time with family, coaching, running, time with friends. Am I willing to look at all that I currently do and question it’s worth to me? Its worth to my family?
My question to you is have you ever given much thought to how much time (mental and physical) you exchange for having, storing, consuming and enjoying all the things in your life? Is it really providing you what you want are your dreams and goals being achieved?