Article
Smoking Just One Pack A Day Will Cost You $408,480.32 In Retirement Savings!I know what you are thinking…YEAH RIGHT! How could smoking cost so much?
Everyone is aware of many of the costs of smoking. Recent studies have
measured the costs to a person’s overall health, in that person’s life expectancy and in the costs to society.
The true financial cost of SMOKING just one pack a day is astounding. It is easy to calculate that at $4.00 for one pack of cigarettes a DAY the cost for one year is $1460.00.
Over the course of a lifetime of smoking, estimated at forty years (age 20 to 60) the cost would be $58,400.00.
Imagine… $58,400.00 of hard earned money being PUFFED AWAY! But wait, it gets worse.
STOP! Take a deep breath before you continue… get a brown paper bag just in case you start to hyperventilate. You know shortness of breath…rapid breathing, etcetera, may occur.
Using a projected interest rate of eight percent, compounded annually, with a yearly contribution of the $1460.00, and investing his into a tax deferred savings account such as an IRA or 401K plans over those 40 years, our ex-smoker would have $408,480.32 saved for retirement.
ARE YOU OKAY?
That’s RIGHT $408,480.32 DOLLARS! Think about it… let it sink in for a minute.
Are YOU ANGRY?
I have to confess, as a kid I tried smoking. I didn’t like it. I am glad that counting the many mistakes I have made in life, SMOKING habit isn’t one of them.
My mom smoked. She smoked two packs of cigarettes a day. When my Mom was a kid her older brother and friends thought it would be cute to let her smoke at 6 years old.
Back then it was COOL to smoke, and a pack of cigarettes only cost ten or fifteen cents. She always said that she would quit when they cost a DOLLAR a pack. Well, a dollar a pack came and went. I remember when she was in the hospital and it looked like she was improving… the doctor was able to take the tubes out and she was so HAPPY.
Then to my disbelief… the first thing she wanted was a cigarette! THOSE CANCER CAUSING NICTIN STICKS!
STOP Smoking!!! Please do it now.
Besides retiring HEALTHY, you can also retire WEALTHY.
In our example above, I used eight percent has the annual percentage rate. If I had used ten percent the results would have been $650,732.27 .
This is one example of how it only takes a little savings each week to make a big difference in YOUR future.
FACT: 96% of Americans will retire with little more then Social Security according to a federal report.
I don’t know about you, but living on Social Security is not my idea of retirement. As a matter of fact, if you are not retiring in the next couple of years, Social Security may only be aunrealized DREAM for you.
Remember when you were a child: and talking with your friends about what kind of life you wanted? ARE you living that life today? No one plans to end up with nothing. It just happens. Right?
WRONG! It doesn’t just happen! From the time you are about ten years old you are being programmed by society. If you are like most Americans, you are now well-programmed to spend money that you don't even have!
You are being enticed from every angle to keep up with friends, co-workers, family members. To look cool you need to dress a certain way and live a certain lifestyle.
Companies spend millions of dollars each year getting you to buy their products. Credit Card companies give away free PIZZAS and T-SHIRTS to get fresh SLAVES (OOPS) I mean sign-ups for their offers.
It's the OLD "You have to establish your CREDIT" trick.
The largest retailer in America has one of the largest DATA WAREHOUSES in the world. They collect data on everything from when it rains or snows to what items to move where and when in their store to get you to buy! You and I are being PROGRAMMED to SPEND and SPEND some more.
HERE’S my point! Credit (buying on credit) is ROBBING you of a SECURE financial future.
Yes it is! It‘s those itsy bitsy monthly payments that are preventing you from saving even a little and investing in your future.
!!!DO SOMETHING ABOUT IT TODAY!!!
"Though no one can go back and make a brand new start, anyone can start from now and make a brand new ending"
--- Carl Bard
Let us show you how to retire wealthy, healthy and wise.
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