|
Taking The Shortest Route To Get Rich!- Stop Smoking |
|
|
|
It’s the truth! Follow along and be amazed!
A smoker may smoke one pack of cigarettes per day. Let’s assume
that the trip to the store (gas, etc.), the purchasing of a brand name
package of cigarettes, as well as the applicable sales tax make this
little excursion cost $5.
Let’s assume that the
smoker will not increase her or his habit, but instead remain steady at
one package of cigarettes per day for an entire year. Therefore, let’s
multiply $5 by 365 days. The result is a staggering $1,825 per year. If
you were to average this over a 12-month period, you will have a savings
of about $152 per month.
If you were to invest this money in an
investment savings account with a six percent annual return, and if you
were to continue annually adding to this account $1,825, in thirty years
your investment could total $66,621!
Still not convinced? Imagine
the savings of a heavy smoker with a two pack a day habit. $10 per day
for 365 days adds up to an amazing $3,650. Invest this amount annually
for thirty years in an interest bearing investment account with a six
percent yield, and in thirty years you will have saved a staggering
$133,241! Now there is a little nest egg we’d all like to enjoy!
What
would you do with an extra $66,621 or $133,241? You may be able to pay
off your home, buy that sports car you always wanted, take an incredible
cruise in the lap of luxury, or spend a year just bumming around the
country or Europe, taking in the sights and sounds of states or
countries you have never seen in person. Of course, these figures to do
nothing to speak of the enrichment you receive from better health, a
longer life, and all the social and psychological factors that improve
when you quit smoking for good.
If you are still not convinced,
consider some of the costs of smoking that go beyond the $5 you spend on
a pack of cigarettes. For example, if you will purchase life insurance,
as a smoker you will have to pay about $1,000 per year more than a
non-smoker. If you purchase your own health insurance as a smoker, you
will quite possibly pay about $350 per year more on the premiums than a
non-smoker in a similar state of health as you are.
Our heavy
smoker with the $3,650 a year habit can accumulate an amazing $186,538.
Who says that quitting smoking won’t make you rich? Of course, all of
these calculations have not even begun to factor in the savings of
healthcare co-payments and medication expenses that are not being
incurred simply because you have quit smoking. Similarly, you will not
lose time at work due to smoking related illness, which also will not
mean lost wages and lost social security payments that will later on
affect your retirement benefits. All things considered, quitting smoking
is a fiscally sound decision all the way around.
|
