Title:
Become a Millionaire - Stop Smoking Word Count:
461 Summary:
I can show you over $1 Million reasons why you should stop smoking today. Have you ever wanted to become a millionaire? I will show you how to not only become one but also save your life.
Keywords:
Quit smoking millionaire money
Article Body:
So you want to be a millionaire? If you smoke or are thinking about it - I will give you at least $1 million reasons not to start. For the sake of discussion, I am going to use me as an example. I have smoked for over 20 years and frankly I enjoyed it. It wasn´t until I finally got it through my head about the health risks to me, my family and the rising costs that I finally decided to quit. You all know or should know about the health risks and I will not rehash it. What I want to talk to you about is the financial impact. I smoked 2 packs of cigarettes per day and on a good Friday night out on the town it could sometimes be as much as 3 packs.
Ok.. here it comes. Two packs of cigarettes per day at an average cost of $3.50 per pack multiplied by seven days equals $49.00 per week or $2555.00 for one year. Now lets take a teenager at age 18 who starts to smoke and lets also assume they were to stop at age 65 on retirement which is 47 years. 47 years x $2555.00 = $120,085.00 spent on cigarettes at todays prices.
Now a hundred and twenty thousand dollars is in itself not enough to make you rich but you could buy some pretty nice stuff for that amount. The magic is in a little thing called compound interest. Assuming that instead of smoking - You took that same two packs per day or seven dollars and invested it in a mutual fund. Let´s also assume that you invested it in an index mutual fund which over the lifetime of the stock market has averaged 10% per year. After 47 years you would retire with $2,730,489.02. That almost $3 Million dollars. How is that for an incentive to not smoke? What about the rest of us who have smoked for 20 plus years? A man or woman who quit at age 40 under the same scenario who save $282,615.51. Now that´s not a million dollars but it would still buy a pretty nice home. What is even more astounding is that these figures are based on today´s prices and don´t even account for inflation over the same amount of time.
Even if you are not interested in investing the money saved from smoking then think about this: $2555.00 applied one time each year to a $200,000.00 mortgage would cut 10 years off of a 30 year loan. You would be paying your home off in one-third the time. The bottom line: If your health and family aren´t enough to make you stop - Think about why your not living next door to the rich and famous. I hope this gives you food for thought about all the extras in life you are giving up by smoking.
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