Today is 31st May... No Tobacco Day
I know all you smokers do not want any gyan on how smoking affects your health
I am not here to do that
But I will not leave this opportunity to give you Gyan on how smoking affects your WEALTH !
I understand that your job is tension filled and you do need a break and smoking helps you get back to job with clear mind
But there are 100 other ways of getting out of this stress/tension.
How about a 5 min breathing exercise?
Why not a cup of Hot coffee?
A research paper published in the Indian Journal of Public Health in 2017 revealed that Indian smokers spent a whopping Rs.13,000 crore on treatment towards medicines due to tobacco use.
Cigarettes are also getting more and more expensive year after due to heavy taxes by Govt.
So, this smoking addition not only burns a hole in your lungs but in your pocket too.
HUGE HEALTH BENEFITS OF QUIT SMOKING
The health benefits of not smoking for 3 to 6 months include:
- the small hair-like structures that clean your lungs, called cilia, are working better
- you’re likely to cough and wheeze less, and cough up less phlegm
- blood flow to your fingers and toes improves
- your body is better at protecting cuts and wounds from infection
- you may feel less stressed or in a better mood than when you were smoking.
I would say that your entire Retirement Corpus can be created by just your 1 single habit of Quitting Smoking !
Spending ₹3500 per month on cigarettes?
Invest instead and get a return of ₹2.42 crore in 30 years. (See image)
Quit Smoking and Start Investing!
your eyes is not deceiving you.
its indeed 2.42 CRORES !
They say SMOKING IS INJURIOUS TO HEALTH.
I would SMOKING IS INJURIOUS TO YOUR WEALTH even more !!
Like wise We all know by staying invested and investing regularly you create wealth but how many people have ran the race so far.
What all you can do when you quit smoking and route that money
a) Spend quality time with family
b) Have a Vacation with family
c) Start that hobby that you always longed for
d) Pay off your loan and become debt free
SMOKING AFFECTS YOUR INSURANCE PREMIUM :
REMEMBER WHEN YOU QUIT SMOKING, NOT ONLY ARE YOU SAVING ON CIGARETTE MONEY BUT ALSO ON YOUR MEDICAL EXPENSES THAT SMOKERS INCUR DUE TO POOR HEALTH.
And may you also be aware that Life Insurance companies CHARGE MORE PREMIUM for smokers.
I calculated for EXIDE Life Insurance for a 30 year old for Rs.1 crore for 30 years term a
and these are the results
The premium for a 30 year old NON-Smoker comes to Rs.9676 (incl GST)
See the premium for a Smoker
Did you observe it’s a huge 40% plus jump from Rs.9676 to Rs.13,775/-
Insurance put Smokers into HIGH-RISK category and hence the premium shoots up.
And this difference of Rs.4099 for a period of 30 years even a very conservative growth of 12% per annum grows to a huge huge 12 lakhs
So, quitting easily results in profit in all directions. (Except if you a ITC shareholder) !
Smoking will kill you definitely earlier than you are supposed to.
But routing your smoking money to Investments will help you live peacefully but also help you live with pride with RICHNESS.
& Start investing!!!
All the best
Author : Don’t Retire Rich
All the best,