Bad Habits Week Day 1: Cigarettes

Cigarettes can really add up over time. Let’s assume that it costs roughly $5.00 per pack per day. It would cost $1,825 per year if someone smoked 1 pack a day. Giving up that habit for one year could turn into $82,598.14 over the course of a 40 year career span. This assumes if you invest that amount in an index fund that gets the historical stock market rate of 10% compounded annually. At 15% it goes to nearly half a million dollars. At 22% it goes to $5.1 million! Just double and triple these amounts when smoking 2 and 3 packs per day (table below).

Based on data for West Virginia from International Business Times

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