It surely comforts modern parents who have spent fortunes educating their children to know that these children are spending money on pork belly and not, for instance, cocaine. But what solace can it offer to realize that $300 a week put into an S. & P. 500 Index fund over the past five years would have provided an annual rate of return of 10.34 percent and grown to $100,354 today? Even saving $300 a week at a 6 percent rate of return would have yielded about $91,000, Mark X. Chemtob, a financial adviser at Ameriprise, said, adding that in both cases, the sums would qualify for a down payment on a starter apartment in New York.
Reading this, I was patting myself on the back, thinking, “I’m glad that I’ve never valued fine dining like other peers and instead am so good a living frugally,” BUT, that’s only if I don’t count grocery purchases. I do value cooking good natural foods over many other things, and buy more organic/local/CSA foods without feeling guilty about the additional cost than ever before.
Getting a juicer heightened this, as every juice book recommends organic fruits and vegetables, and mentions the dirty dozen which are highest in pesticides. If I’m making such an effort to eat well, I should think about avoiding pesticides too, no?
So, this is just another NY Times piece that leaves me feeling like a NYC millennial cliche, even though I’ve learned enough from Ramit to know better than to spend $300/week at restaurants.