Recently, my dad quit smoking after years of us encouraging, motivating, persuading, yelling, and cussing (you name it, we’ve done it). It was a struggle for so many years, but the fear of sickness finally convinced him to quit smoking. Many of us smoke (in fact, one third of all male in this world do), but none of us ever think about the harm it has on our body and our wallets. From experience, I won’t dare try to convince anyone to quit smoking, but here are some financial facts we should all consider every time we light a cigarette.
- At $5 a pack of cigarettes, my dad could’ve accumulated $1.6 million in investment and savings. This is assuming that he would invest or save the money weekly for 50 years earning 10% annually. 50 years ago, the cigarettes were not $5, but my dad smokes more than one pack of cigarettes many days of the year too. This also does not include the cost of lighters or matches.
- His life insurance is much higher because of his “experience” in smoking. Actually, we were told that his insurance would probably be 1/4 if he never smoked.
- His health insurance is the same thing, read the life insurance point again
- Non-smokers receive home owners insurance of about 10% because there are less chances that they will burn down their home
- Non-smokers usually perceive a better image than smokers which indirectly lead to a higher salary. This is due to smokers potentially having yellow teeth, bad breath and smelly clothes.
- Those extra packs of gum, extra trips to the dry cleaners all add up in our lives.
The list goes on and on. Smoking ranks as one of the most harmful activities we can do to our physical and financial health. If you read this blog because you want to live financially free, why don’t you quit smoking too?
Pass this onto your smoking friends!
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{ 17 comments… read them below or add one }
Hi Moneyning, I should email my dad this linkage! Thanks!
I’m going to share this with my cousin. She’s still young and has time on her side. Maybe this will motivate her.
Emily and Laura: Good luck! I hope this article helps at least one person quit!!
Great info, if only I could get my hubby to read it and actually follow through.
Albuquerque Realtor: Forward it to him/her and see what happens!
Looking for some help or opinion on getting father to cut back smoking
My dad did it after some 30-40 years. We were so proud of him! It (and alcoholism when he was younger) did some real damage to his body, but stopping then was better than never.
Really nice post – thanx for sharing
… I stopped smoking too — here’s the website I helped set up to help other people stop smoking. Thanks!
Congratulations. I’ve just got my Mum to give up. She’s a housewife so she’s inside all day most days. I basically got her to just stop completely, and it worked. After all if you haven’t got any cigarettes in the house, then you can’t smoke.
All these nicotine patches, hypnotherapy, nicotine gum, pills, etc are a waste of time. All you need to do is just stop completely. It worked for my Mum and it’s also how my Dad gave up many years ago.
My God!! That is the best article I’ve ever read to convince me to quit smoking. I’ve been smokin’ cigs for the better part of 10 years. I’ve thought about quitting, but never really seriously. But when you add the financials up, it’s an absolute no-brainer. Why, thank you, sir.
Chris Mechanic
good for your dad! He must of persevered because it is hard especially after all of those years !
Your dad has a big wil of power. My mom has been smoking for 30 years and cannot quit this habit up
“I won’t dare try to convince anyone to quit smoking, but…”
really?
You said your dad’s life insurance would be about 1/4 of the cost if he quit. I’m a life insurance agent and have found it’s usually half to 1/3 the cost for a non smoker.
Here’s another incentive to quit… I have a carrier now who will give current cigarette smokers Non Tobacco life insurance prices for 3 years. If you quit during that time, you keep your low premium forever. If you don’t, your premiums go back up double or triple to what smokers pay.
I’m impressed he smoked for 50 years! Could it mean that smoking really isn’t that bad for you?
My theory is that those with SUPERIOR immune systems smoke drink etc. I have an inferior immune system, and get a massive headache if I smoke, so I don’t do it.
Thank you for great post!