From Alcoholic to Rich...
From Alcoholic to Rich...
Hey Everyone!!
Happy day number 5 for me and going strong!!
I just thought that I would give everyone an interesting perspective on the financial aspects of alcoholism. I did an audit of my alcohol consumption to calculate how much I spent a year in drinking (i.e. Bars, Distributors, etc). Here's the figure I came up with for myself:
Yearly Consumption: $2,035.61
Monthly Consumption: $169.63
Daily Consumption: $5.58
Here are some figures that may shock you as they did me; if I invested the drinking money into the stock market instead of literally “pissing” it away:
05 years @ 10% $13,495.46
10 years @ 10% $36,634.66
15 years @ 10% $75,451.38
20 years @ 10% $139,678.32
30 years @ 10% $416,726.75
I hope that I have sparked some insight into my “former” problem.
l8ter,
n33d2st0p
Happy day number 5 for me and going strong!!
I just thought that I would give everyone an interesting perspective on the financial aspects of alcoholism. I did an audit of my alcohol consumption to calculate how much I spent a year in drinking (i.e. Bars, Distributors, etc). Here's the figure I came up with for myself:
Yearly Consumption: $2,035.61
Monthly Consumption: $169.63
Daily Consumption: $5.58
Here are some figures that may shock you as they did me; if I invested the drinking money into the stock market instead of literally “pissing” it away:
05 years @ 10% $13,495.46
10 years @ 10% $36,634.66
15 years @ 10% $75,451.38
20 years @ 10% $139,678.32
30 years @ 10% $416,726.75
I hope that I have sparked some insight into my “former” problem.
l8ter,
n33d2st0p
No problem...I'm glad I could help. That is definitely a good reason to stop drinking alone!! Not to mention the gain in health and clarity of mind. It's only been day 5 and I seem to be able to think and concentrate clearer.
Amazing!! Love being sober!!
Amazing!! Love being sober!!
Member
Join Date: Jan 2009
Posts: 174
In euros I easily spent 1k a month, probably 2k a month at my worst. Spent a large sum of money that I received from the sale of a relatives house when they died. Went on a few holidays (To drink in a different country) but the rest went purely on booze. Expensive Irish booze
Worth every penny if it let me get to this stage of my life a lot faster than it might have otherwise.
But yeah, I'm sure I would have found some other crap to spend it on otherwise!
Worth every penny if it let me get to this stage of my life a lot faster than it might have otherwise.
But yeah, I'm sure I would have found some other crap to spend it on otherwise!
Guest
Join Date: Feb 2010
Location: Virginia
Posts: 182
First, congrats on your five days!
Second...WHOA! Thanks for the financial reality check! I knew I was saving money by not drinking but I took a few to figure out how much and it's no wonder I've felt like I have so much money lately!!
Second...WHOA! Thanks for the financial reality check! I knew I was saving money by not drinking but I took a few to figure out how much and it's no wonder I've felt like I have so much money lately!!
I'm extremely early on, after relapsing for a long time. I figured up today, I was spending $260 a month on alcohol. I think I want to sock that money away for a nice sober vacation with my family this summer.
Member
Join Date: Oct 2007
Location: Albuquerque, New Mexico
Posts: 565
This was something I did as well. When I stopped drinking, I didn't get rid of my liquor bill. My liquor bill just became my monthly contribution to my 401k. I figured if I could still manage to pay the bottom line bills and still drink, then I could easily save most of the money. I will admit to buying a new TV. I don't use credit at all; and I couldn't if I wanted to!
It hasn't been all easy, there are unexpected things like lawyers and medical bills. But those are also things I would have neglected when I was drinking. I currently can't drive, so I save a ton of money there too.
It hasn't been all easy, there are unexpected things like lawyers and medical bills. But those are also things I would have neglected when I was drinking. I currently can't drive, so I save a ton of money there too.
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