Here's an interesting piece from Money Central that suggests you can fatten your wallet by losing weight. Here's how they add up the savings:
- Latte factor: $783
- Life insurance: $275
- Health insurance: $680
- Health-care costs: $151
- Employer incentives: $600
And because I'm obsessed with showing how small savings can add up to big numbers, if you took that savings each year and invested it at 8%, in 20 years, you'd have almost $114,000. Do it for 30 years and have $282,000. 40 years gets you $645,000.
Not bad at all. You save a boatload of money and live a happier, healthier life. It's a pretty good deal.
I'm convinced that this is one of the money saving tips that's helped grow my net worth. I've always been relatively thin and have worked to keep myself in good shape. That's worth at least worth a couple hundred thousand dollars for someone past 40, isn't it?