Quitting Drinking Will Net You Over One Million Dollars

Quitting Drinking Will Net You Over One Million Dollars

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Quitting Drinking Will Net You Over One Million Dollars1. Cost of Alcohol2. Cost of Consequences3. Health Costs4. Value of Human Life

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According to this study done by the American Medical Association, alcoholic drinkers account for just under 50 percent of all alcohol purchases. Combined with sales data, this gives us a yearly average of about 4 to 5 thousand dollars per year that an alcoholic spends on alcohol, or about 10 to 15 dollars per day. This is right in line with what I averaged when I was still drinking, by the way, so this estimate seems right on the money to me.

1. Cost of Alcohol

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These consequence costs can include a wide range of opportunities. For example, I personally obtained a college degree after quitting drinking, which will change my earning potential significantly. This would also include the difference between someone who is working a steady job and earning money in recovery versus someone who is still drinking heavily and spending time in jail due to drunk driving charges. Also included in this category are court costs, lost jobs as a result of legal problems and time spent in jail, and so on.

2. Cost of Consequences

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888-262-12973. Health Costs

Alcoholics call in sick to work more often than others, and also have significantly higher health care costs due to both major diseases, as well as being sick with more common ailments simply due to a compromised immune system.

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888-262-12974. Value of Human Life

What is the monetary value of the life lost when a person dies early due to Alcoholism? We must first determine how much life the average alcoholic loses due to heavy drinking. By the raw numbers, it seems the toll for heavy drinkers is indeed an average of 30 years of life lost! This number takes into account a whole range of possible early deaths. Alcohol overdoses, drunk driving accidents, suicides, cirrhosis of the liver, and a number of other possibilities go into this average.

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888-262-1297Adding it All Up

Each year, the average alcoholic is sacrificing $37,300 dollars due to their drinking. Investing that money at a modest 5 percent interest will net you your million dollars in only 16 years. I understand that most recovering alcoholics will not be able to invest this money due to other responsibilities, but the point of the exercise remains clear: the cost of addiction is staggering.

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888-262-1297Implications of Recovery

1) Gratitude – Appreciate the gains you are realizing in recovery – both financially and health-wise. Take joy in your new prosperity.2) Recognize the responsibility that you’ve gained by spending your money and life appropriately, instead of selfishly wasting it on chemicals.3) Reward yourself in responsible ways by treating yourself to the good things in life that you truly enjoy in your recovery. Allow yourself to rationalize a few of these extravagances.

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