mods, please feel free to move this if it should be somewhere else....
I just posted this on another ecig forum in response to the comment that analogs are up to about $100/carton in New York. I thought it might provide some motivation to those who are making the switch.
I based the following on a few assumptions.
1. The average mortgage in the US is around $200,000.
2. While it's optimistic, you 'can' get 10-12% return on good growth stock mutual funds.
3. The $100/carton figure for New York is accurate.
4. The savings and mortgage calculators at bankrate are reasonably accurate. (Really, how far off could they be? The formulas are simple, but I was too lazy to do it long-hand)
That average smoker going through, lets say, 4 cartons a month, will spend $400/month in NY.
Let's say that instead of just buying what you need, you spend $100/month on ecigs. That's pretty much what I've done, and in 6 or 7 months I've tried more than a dozen liquids and owned 5 different PVs.
That leaves $300/month, not to mention almost certainly a higher level of health and a longer life expectancy, but we'll ignore all that for now.
Now, put $200 of that towards something else. Maybe you use it to take a $2400 vacation every year (last summer I spent 2 weeks in South Korea for less). Maybe you pay your house off 9 years early. ($200k mortgage at 5% + $200 extra would shave 8y&8m off)
Up to you. Either way, $200/month is life changing if you pay any attention to your finances at all.
You've still got $100/month.
Are you ready for your mind to be blown?
If you stick to good, growth stock mutual funds with long term track records, you can reasonably expect a long term return of 10-12% per year.
Do you know what you'll have if you invest $100/month at 12% from age 25 to age 65?
Approximately 1.4 million dollars.
You could retire a millionaire by doing nothing more than investing 1/4 of what the average New York smoker spends on cigarettes.
Now let's say you put that first $200 towards the mortgage as I suggested and pay your 30 year mortgage off in 21 years. Then for the next 19 years you invest your $100/month + the $200 extra you were putting into the mortgage, plus the $1,073.64 that was going into the average $200k mortgage to begin with.
Do you know how much you'll have at retirement?
$2,680,967.26 and a paid for house.
How's that for a reason to be glad you vape?
I just posted this on another ecig forum in response to the comment that analogs are up to about $100/carton in New York. I thought it might provide some motivation to those who are making the switch.
I based the following on a few assumptions.
1. The average mortgage in the US is around $200,000.
2. While it's optimistic, you 'can' get 10-12% return on good growth stock mutual funds.
3. The $100/carton figure for New York is accurate.
4. The savings and mortgage calculators at bankrate are reasonably accurate. (Really, how far off could they be? The formulas are simple, but I was too lazy to do it long-hand)
That average smoker going through, lets say, 4 cartons a month, will spend $400/month in NY.
Let's say that instead of just buying what you need, you spend $100/month on ecigs. That's pretty much what I've done, and in 6 or 7 months I've tried more than a dozen liquids and owned 5 different PVs.
That leaves $300/month, not to mention almost certainly a higher level of health and a longer life expectancy, but we'll ignore all that for now.
Now, put $200 of that towards something else. Maybe you use it to take a $2400 vacation every year (last summer I spent 2 weeks in South Korea for less). Maybe you pay your house off 9 years early. ($200k mortgage at 5% + $200 extra would shave 8y&8m off)
Up to you. Either way, $200/month is life changing if you pay any attention to your finances at all.
You've still got $100/month.
Are you ready for your mind to be blown?
If you stick to good, growth stock mutual funds with long term track records, you can reasonably expect a long term return of 10-12% per year.
Do you know what you'll have if you invest $100/month at 12% from age 25 to age 65?
Approximately 1.4 million dollars.
You could retire a millionaire by doing nothing more than investing 1/4 of what the average New York smoker spends on cigarettes.
Now let's say you put that first $200 towards the mortgage as I suggested and pay your 30 year mortgage off in 21 years. Then for the next 19 years you invest your $100/month + the $200 extra you were putting into the mortgage, plus the $1,073.64 that was going into the average $200k mortgage to begin with.
Do you know how much you'll have at retirement?
$2,680,967.26 and a paid for house.
How's that for a reason to be glad you vape?
