Good Habits, Bad Habits, and Quitting Smoking By Wes McComb

Good Habits, Bad Habits, and Quitting Smoking By Wes McComb

August 14, 2023

I quit smoking. Cigarettes. Again. Cigarettes have been my burden, vice, and solace since my first one in my early teens. My high school still had a smoking area when I was in Grade 9. We just had to step out a door and we went from math to a social melting pot where a lowly minor niner could puff away next to fully grown men in Grade 13. Cigarettes got caught up in all my memories of those developing years and will always be linked to many of my coming-of-age experiences. At the same time, I knew they were bad for me. By the time I was 18 I was trying to quit.

I watched societies attitude towards smoking change as tobacco advertising got banned, smoking was prohibited in the workplace, planes, bars, then patios and now it is dirty looks and a small, fake cough by passerbys. When I ride my bike to work, I get more whiffs of marijuana than tobacco. Call me old fashioned, but shouldn’t getting high at 7 am be more of a social stigma than smoking a cigarette?

I had quit for years. I didn’t even think about it anymore. Then two years ago I used the excuse that I had a lot of stress in my life and let that be my pretext for starting again. Of course, in reality nicotine just gives you one more thing to worry about. Actually, it gives you lots of things to worry about: do I smell? Do I have enough cigarettes to last the evening? Was that cough just a cough? Was I more breathless than usual climbing the stairs? Now that I have quit smoking and am so stress free, I may have to take up an extreme sport or pay more attention to American politics.

Three weeks ago, I went to the cottage by myself, got enough supplies so I wouldn’t have to go to town for a week, and stopped smoking. I have quit so many times before I recognize the stages of nicotine withdrawal: day one and two there is lethargy, the third everyone you interact with is annoying, the fourth day is the worst and I am unbearable and after that it gets easier. I remember quitting once in my 30s and my wife telling me on the fourth day to start smoking again because she couldn’t stand being around me.

I had to quit. I am now in my 50s and one thing that has sunk in is that you need your health. There is no point saving money and working hard all those years to never be able to enjoy it. I take care of myself physically, eat well, and feel I am a pretty contented person. I want to be able to walk the golf course, canoe around my lake, water ski, ride my bike to work and most importantly beat my sons in an arm wrestle for a long time.

?

Compounding is one of the most important concepts to grasp. Smoking is one of those negative compounders. Someone can smoke for years with little recognized health affects and suddenly there are irreversible consequences. Continuing to smoke is one of those short term, impulsive decisions that many of us have difficulty stopping. Trying to imagine the long-term detrimental consequences can be hard. This is also true of positive compounding. If I had instead saved the money I spent on smoking (cigarettes are 24 dollars a pack) over the years I would be healthier, wealthier, and maybe wiser. That is what I try to show young people: look at the long-term compounding consequences of what you do.

What you read, eat, do on your phone, savings, who you surround yourself with all have repercussions, good and bad. So, pick the good ones, even if it takes you 40 years to do it.

National Bank Financial – Wealth Management (NBFWM) is a division of National Bank Financial Inc. (NBF), as well as a trademark owned by National Bank of Canada (NBC) that is used under the license by NBF. NBF is a member of the Investment Industry Regulatory Organization of Canada (IIROC) and the Canadian Investor Protection Fund (CIPF), and is a wholly-owned subsidiary of NBC, a public company listed on the Toronto Stock Exchange (TSX:NA). The securities or sectors mentioned in this letter are not suitable for all types of investors and should not be considered as recommendations. Please consult your Wealth Advisor to verify whether the security or sector is suitable for you and to obtain complete information, including the main risk factors. Some of the securities or sectors mentioned may not be followed by the analysts of NBF.I have prepared this report to the best of my judgment and professional experience to give you my thoughts on various financial aspects and considerations. The opinions expressed represent solely my informed opinions and may not reflect the views of NBF.

Carolyn Chlebus

Customer Experience Leader & Strategist

1 年

Kudos Wes, a great read as well ????

Jennifer Plenert

Senior Vice President, National Manager - Ontario Region at National Bank Financial Wealth Management

1 年

Congrats Wes and great article!

Jane Shantz

An established Change Management Advisor/Strategist | Planning | Stakeholder Management | Operating Model Designer | Corporate Culture| Project/Program Management | Business Transformation | Leadership Alignment | Coach

1 年

I had to read this one! Good job McComb!

Mullen, Andrew

Founder at Mullen Business Consulting

1 年

You go Weston. Health really is Wealth. Love the arm wrestling quest. My money is on Nick for the Record!

要查看或添加评论,请登录

Wes McComb, MBA, CIM, PFP的更多文章

  • Oh Canada! What Do Investors Do Now

    Oh Canada! What Do Investors Do Now

    Oh Canada! What Do Investors Do Now The surge in Canadian pride has not been this strong since the Quebec referendum in…

    2 条评论
  • What Have You Done For Me Lately?

    What Have You Done For Me Lately?

    What Have You Done For Me Lately? One of the most satisfying parts of being a wealth advisor is helping people achieve…

    1 条评论
  • Daniel Kahneman and Why Investing is Difficult

    Daniel Kahneman and Why Investing is Difficult

    By Wes McComb April 15, 2024 If you hear a large animal rustling through the long grass coming towards you your…

  • Ice Baths and 1000 steps

    Ice Baths and 1000 steps

    By Wes McComb March 25, 2024 If you use any social media, listen to the news, podcasts or have any contact with the…

  • Why Equities Are Forever

    Why Equities Are Forever

    Why Equities Are Forever By Wes McComb March 11, 2024 Investors often wonder how much of their portfolio should be in…

    1 条评论
  • Mistakes New and Not So New Investors Make

    Mistakes New and Not So New Investors Make

    By Wes McComb March 4, 2024 The list of errors below is real since I have done most of them myself. I have seen, over…

    1 条评论
  • How Investors Can Educate Themselves

    How Investors Can Educate Themselves

    By Wes McComb February 26, 2024 The question “what should I read” from people asking about investments is fairly…

    1 条评论
  • Why We Do What We Do

    Why We Do What We Do

    By Wes McComb December 11, 2023 Don’t sell anything you wouldn’t buy yourself-Charlie Munger (1924-2023) Most of my…

  • The Myth of the Day Trader

    The Myth of the Day Trader

    The Myth Of The Day Trader I get told occasionally by someone that one of their children is day trading. By which I…

  • Where is the Recession?

    Where is the Recession?

    Where Is the Recession? By Wes McComb July 31, 2023 This has been the most anticipated, designed, dreaded economic…

社区洞察

其他会员也浏览了