Stop Smoking Will Make You To Be Rich Guy

You want to be rich guy? If you smoke, or think about this - I will not give any reasons at least $ 1 million to start. For the sake of discussion, so that I have with my example. I smoked for over 20 years and to be honest, I liked it. It was not until I finally got in my head about the health risks for me, my family and decided the rising costs, I finally quit.

You all know or should know about the health risks and I do not want to warm up. What I want to mention the financial implications. I smoke 2 packs of cigarettes a day and on a Friday evening in the city, which could sometimes up to 3 packages.

Ok.. Here it comes. Two packs of cigarettes per day at an average price of $ 3.50 per pack, multiplied by a further seven days $ 49.00 per week or $ 2555.00 for one year. Now we have a teenager at the age of 18 who is starting to smoke, and it also suggests that went up 65 years of retirement 47 years. Be 47 years x $ 2555.00 = $ 120,085.00 spent on cigarettes in today's prices.

Now hundred and twenty thousand dollars is in itself not enough to make you rich, but you can buy something nice for that amount. The magic lies in a little thing called compound interest. Under the assumption that instead of smoking - you have invested the same two packs a day or seven U.S. dollars in a mutual fund. We further assume that you invested in a mutual fund index for the duration of the scholarship average of 10% per year. After 47 years into retirement with $ 2,730,489.02. Worth almost 3 million U.S. dollars. As it is an incentive not to smoke?

And the rest of us who have smoked for 20 years? A man or woman who has given up 40 years on the same stage to save $ 282,615.51. Now that one million U.S. dollar, but would still buy a nice house. What is even more surprising that these figures at today's prices and will not even take into account the inflation during the same period.

Even if you do not mind investing the money saved on by smoking then does the following: $ 2555.00 applied to reduce interest once a year for a mortgage of $ 200,000.00 to 10 years from a 30-year loan. You do not pay your home one third of the time.

The bottom line: If you take your health and your family are not enough to - Think about your life, why not next to the rich and famous. I hope that one wonders about all the extras in life is determined by smoking.