If a teen started smoking at age fifteen, paying $9 for a pack of cigarettes, then in the long-term after-inflation and such, it is equal to around $375,000 by the time they reach 65. It’s practically blowing up a Porsche 911 cabriolet according to the article. Last class we talked about finance, and I agree with the article where smoking is not an ideal choice considering personal finance. Many people smoke, like the young, the old, male, female, basically there is no age or gender limit. Although smokers know smoking concerns their health, many still continue on. Smoking doesn’t just affect health; there is also a huge opportunity cost smokers trade back in return for smoking. Just think about it. If you smoke you not only waste money on buying cigarettes, have a higher chance of getting cancer, but also a higher cost for insurance premiums. Your life insurance will probably cost more because your risk of dying is above everyone else, and your health costs will be higher as well compared to non-smokers. Oh and how can I forget the gray teeth and mucus that also comes along with smoking. The opportunity cost of smoking is huge. Smoking is an issue, and if you stop smoking you’re already investing in a life time savings plan.
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