Want to buy a Ferrari? You could, if you can give up smoking. In 2010 the average price of cigarettes was $4.80 per pack. Thats $33.60 a week, $140, or $1,750 a year.
18 years of saved cigarette money will add up to $34,000 toward a college education. Saved for 30 years, with 4% interest, will be nearly $200,000. That’s your Ferrari. And that’s just for the money spent on cigarettes.
In addition, you’ll pay 40% extra for healthcare costs, 100% for life insurance, and faster than normal depreciation on you car and house. It all adds up to $15,000-$20,000 - up in smoke.
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