Lose Weight and Save a Half-Million Dollars

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?

Comments

[logan]

Good review site to learn how to make money

[Zachary]

I used to be so susceptible to the latte factor. Now I'm immune!
-Zachary

[limeade]

I'm not really that into splurging or impulse buying. Plus, I love to cook so I don't need to eat out all that often. Like you say though, you can save a ton of money over the long run.

-limeade
http://fiscalmusings.blogspot.com

[Battery]

I am bout to Lose Weight tomorrow!
Thank you!

[Eating Healthy has costs too]

While I endorse being healthy, eating at home, etc. It can save you on long term medical bills but the daily costs are more expensive. A pound of ground turkey $2.99 vs a pound of hamburger $1.39. Supposed you need a quick bite at McDonald's you could get a breaded McChicken for $1 but the healtier choice of a grilled chicken sandwich or a salad will cost you $3-$5