Yes, smokers and non-smokers alike can attest to the fact that smoking is a dirty habit. In addition to the health side effects and other negative associations that smoking has, there is a financial impact that smoking one pack of cigarettes per day carries with it.
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The cost of one pack of cigarettes per day
Assume that you smoke one pack of cigarettes per day. Let’s also assume that one pack of cigarettes costs $3.50. The money really adds up over several years:
- 1 day = $3.50
- 1 month = $105.00
- 1 year = $1,277.50
- 5 years = $6,387.50
- 10 years = $12,775.00
- 25 years = $31,937.50
- 50 years = $63,875.00
Investing the money from one pack of cigarettes per day
Had you invested the money that you spent on smoking one pack of cigarettes per day, you would be astonished at the results you would see. We are going to assume that you invested in a conservative account that returned 4% annually:
- 1 year = $1,328.60
- 5 years = $8,750.40
- 10 years = $17,842.33
- 25 years = $58,736.36
- 50 years = $211,912.28
Had you stopped smoking one pack of cigarettes per day (or cut back one pack for many) and invested, you would have over $200,000!
It’s amazing how the little changes in our lifestyle that can have a profound impact on our lives.
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Nice writing. You are on my RSS reader now so I can read more from you down the road.
Allen Taylor