By Source, Fair use, wikipedia
The 1973 song Smokin’ In The Boys Room written by the band Brownsville Station may be about breaking school rules for smoking and not getting busted, but what’s the money angle? This kid didn’t want to learn or work. Without education how do you begin to understand money? If you can’t survive working the checkout counter at the school bookstore how are you going to earn an income and secure your financial future?
According to a 2017 article in Money Magazine, the national average cost of a pack of cigarettes in the U.S. was $6.16. Extrapolating the per pack price to a carton of ten packs makes the average cost of a carton $61.60. For one pack per day smokers, buying three cartons each month means spending about $185, which is almost $2,218 per year. Looking at the bigger picture one must account for transportation costs, the value of your own time, and the higher probability of medical expenses. Each of these costs will increase over time.
If you took the $2,218 and invested that every year at a return of 5% you’d have $25,847 after ten years. You would preserve ten-years of expenses ($22,218) and make an additional $3,671. If someone gave you an extra nickel for each dollar you earned would you take it? Yeah, a no brainer.
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