So what does smoking, drinking, coffee, and eating out cost you through out your working career?
Well here are the assumptions. You smoke 1 pack of cigarettes a day at $5. You have 5 drinks a week at a bar. You eat out for lunch or dinner 3 times a week. You have your daily Starbuck's coffee fix 5 times a week.
All of this will probably cost you around $82.50 a week. Doesn't sound like much right? But when you multiple that by 52 weeks you're talking about $4,290 a year. You could probably double that amount if used it to contribute to your company 401k and had your employer match it. This may still not seem like a lot of money to you. So what if you stopped it while in your 20s and didn't do it throughout your working career?
Now this isn't including the tax benefit nor the additional cost of future price increases for those items. With that said, after 40 years of saving the money from those bad habits, you'd end up with a whopping $2,900,000 by the time you were 65 if you quit when you were 25.
Almost $3,000,000! Now how's that for an incentive?? Not to mention you'll actually be alive to enjoy it as well.