Have you ever wondered how much it
really costs to have a fat belly? Did you know you may have a skinny financial future
because of a fat belly?
Yes, there are massive health costs; a man with a waist measurement of more than 100cm is in the top risk category of coronary heart disease and Type II
Diabetes. Too much fat on your body affects how you feel about yourself, how fast you can move, how well you perform in all areas of your life and even how deeply you sleep and how soooper your sex life is-all WOW things in your life that are hard to put a $$$ on and some of us would say invaluable… BUT financially how much does it cost in $$$ value to be overweight???
Here are some interesting $$$ facts but please know that cutting out all the fun foods (and drinks) you love is not the goal-too many studies to show that people who diet or deprive themselves, end up fatter than the folks who have a moderate, “Normal” eating life-so no fanatics here!!
The numbers below are not done on cutting out take-away food or alcohol, just having a bit less or having them less often. The $$$ amounts are calculated, with compound interest, at the current rate ofsuperannuation from all the major financial institutions and you could play with your own numbers, ask your financial planner to work them out for you or go to the calculator on any of the Financial institution websites…
Takeaway Meals: Most burger, fries, soft drink and a dessert meals are around $10. If you normally have 4 takeaway meals a week = $40
2 take-away meals instead of 4 = a $20 saving every week. If you invest that $20, in a high interest superannuation fund /bank/investment account/fund (10%) because you are not going to touch it until you retire (The same as wanting to be fit, strong and healthy when you retire!!). You will save $1000 in your first year which will give you the $1000 deposit you need to start investing seriously…
$20 a week = $80 a month. Invest $80 a month, with a $1000 deposit, over 20 year = $64 188 in your bank investment account!! (you only invested $21 000 and earned $44 188 in interest). If you do this over a 40 year work life (you will have to work the 40 years anyway) you will end up with $489 287 (you only invested $41 000 and earned $449 287 in interest). If you invest this in the Australian Share market or even just in the banking shares (which have earned an average 13% interest over the last few decades, you will end up with $1 162 642 (over 1.1 million dollars and you would of only invested $41 000 of your own money and earned $1 142 642 of interest)
Alcohol: Based on changing from 14 drinks a week, 2 drinks every night or an average of 7 on each night of the strong-end (weekend) to 7 drinks a week. Average $$$ cost per week for alcohol = $112 ($8 per drink).1/2 the alcohol invest $56 a week = $224 a month. With your $1000 deposit and using the same times and interest returns as before, you would have…$167 618 in your bank/investment account at 10% interest over 20 years (you would of only invested $54 760 and earned over $110 000 in interest)$1 288 537 in your bank/investment account at 10% interest over 40 years (you would of only invested $104 520 and earned over 1.1 Million dollars in interest) $3 016 392 in your bank/investment account at 13% interest over 40 years (you would of only invested $104 520 and earned close to 3 Million dollars in compound interest)
This means …
2 less take away meals and
7 less drinks a week
and you could have over 4 Million extra dollars in retirement to live free and independently, have great holidays, go shopping, give to your kids or grandkids or give to your favourite charity
Instead of the money in the bank creating wealth, you could put those calories in your body and here is how fat you could get…
2 Take-away meals a week = 3000 calories x 52 weeks a year = 156,000 calories a year x 20 years = 3,120,000 million calories. 1kg of fat = 9000 Calories
3,120,000 calories = 346kgs of fat (double this for 40 years!!), you will have to burn off or end up carrying around on your body)
7 drinks a week on average = 980 calories x 52 = 50 960 Calories. 1kg of fat = 9000
Calories. 50,960 x 20 years = 1,019,200
calories = 113kgs (double this for 40 years!!), you will have to burn off or end up carrying around on your body)
The extra Take-away meals + Alcohol =
459kgs extra over 20 years or almost 918kg extra over 40 years????
459kgs (over 20 years) extra to burn off
versus $231 806 (10% return over 20 years) extra to spend!!!
459kgs is a LOT of extra exercise, hours and hours and hours to keep that weight under control OR a simple direct debit from your wages to your financial future fund.
And people say it is too hard to be rich and too hard to lose weight??