Another bad habit that can add up over the course of time is
being a regular drinker of carbonated sodas or “pop” as it’s known in the area
of my upbringing. This is one bad habit
I am guilty of myself. A 12 pack of 12 Oz Coca-Cola can run around $5.
If you
drink two of these of week it comes to $10 per week. This adds up to $520 per
year. At 10% per annum, which is the oft quoted historical compounded annual growth
rate of the stock market this equates to $23,534.81 over a 40 year career span.
A good stock picker may get 15%, which compounds that single $520 amount to
$139,289.04 over the same amount of time. Time compounds any unnecessary
expenditure.
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