Steve Lome & David Kramer: How to Build and Hold onto Wealth TPS209

TPS208Steve Lome, a residential real estate developer, and Dave Kramer, a mortgage broker, nearly lost their shirts when the housing market crashed in 2008. Picking up the pieces, they wrote the book  “The $500 Cup of Coffee” to inform and inspire others to build and hold onto their wealth.


  • Steve and Dave believe in a lifestyle approach to financial independence.
  • It all starts in changing your thinking so that you’re going to achieve a healthy financial future.
  • It’s not a one size fits all approach. People don’t have the same goals.
  • Through successes and failures, they have learned that when people have bigger picture of themselves, of the world and the consequences of their decisions, they’ll be able to ask better questions and make better decisions.
  • Not trying is far worse than not succeeding in your plans and goals.
  • Some people tend to be so frugal, they don’t enjoy their money and some, even when they have a lot of money, it’s never enough.
  • In order to have a good relationship with money, you must have a good relationship with yourself.
  • Spending money to make money is a good idea.
  • Having an expensive car, or a fancier vacation doesn’t really move your happiness scale.
  • You have to look at how you spend money to make you happy and improve the quality of your life.
  • If you invest your coffee money well in small amounts, it will add up over time.
  • Save it, forget it and go live your life.
  • No need to be a chronic saver, living for the day and saving for the future to achieve a meaningful balance.
  • Not only learn to prioritize but be able to manage cash flow.
  • Look at the things that you are doing now that are already working.
  •  No matter what level you’re starting at, you’ll achieve success.


Steve and Dave’s website: