The Cost of Luxury Purchases

The average luxury purchase is $520 a year. Instead of taking those dollars and putting them in a Roth IRA or open it up a taxable brokerage account, those purchases could cost you over $600,000 over retirement dollars. You're everybody who buys this stuff is going to be embarrassed and they're going to wish that they'd gone to money guy.com slash resources, downloaded the wealth multiplier. Buying luxury goods is more of a step eight type thing. So make sure you don't skip the steps.