Malaysians, especially millennials, are spending quite a bit on coffee. Yeah, you heard that right.

Last year, the Malaysia Coffee Association said 85% of millennials are downing at least one cup a day.

Highlighting a report by The Star where a 42-year-old said she spends between RM70 and RM100 a week on coffee, Alvin Vong, the big cheese at EquitiesTracker, posed a rather thought-provoking question.

Indulge in beverages like coffee or save and invest towards a bigger goal?

The RM4,800 Coffee Hangover

Let’s do some quick math: RM100 a week = RM400 a month = RM4,800 a year

That’s a chunk of change that could’ve been your ticket to Europe, a new laptop, or, heck, even part of a down payment on a car.

But no, you’re literally drinking it away.

Speaking of down payments, listen to Vong’s statement: “If you invest RM300 a month with a 6% annual return over 10 years, you could potentially accumulate RM48,742.”

But sure, keep telling yourself that daily cappuccino is “essential.”

Your ‘Morning Boost’ is Their Jackpot

Let’s take a look at Zus Coffee, that local joint you can’t seem to stay away from.

They reported a whopping RM204.12 million in revenue last year.

But hey, who needs financial security when you’ve got your “morning boost,” right?

Keep it up; your credit card debt is the only boost you’ll get.






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