Bad habits can also be very expensive habits! If the average smoker who pays $300/month in cigarettes were to quit smoking and take the money and invest it, the results are astonishing.
$300/month invested in a tax free retirement account growing at 8%/annum over 25 years would result in $274 452! What? You spend over $600/month on cigarettes? Over the same period and investment return, your account would grow to $545 395. Yes, over half a million dollars. Something to think about everytime you fork over your hard earned cash for a pack of smokes!
