In the United States the average coast of a pack of smokes is about $4.35. If the average smoker smokes a pack a day, he or she will have spent $1,600 on cancer sticks in a year! Ridiculous.
So what would happen if you invested this cancer money? Let me show you.
Scenario #1 - Investing in a money market account with an annual yield of 4%:
Year | Balance |
5 | $ 9,014 |
10 | $ 19,980 |
15 | $ 33,322 |
20 | $ 49,554 |
25 | $ 69,302 |
Scenario #2 - Investing in a mutual fund with an annual yield of 8%:
Year | Balance |
5 | $ 10,138 |
10 | $ 25,033 |
15 | $ 46,920 |
20 | $ 79,079 |
25 | $ 126,331 |
Wow, don't you smokers feel like ass holes?