Many of you would have seen this cheeky conversation between a smart alec who doesn’t smoke versus a smoker. The smoker spends quite a sizable sum of money over years on cigarettes — an opportunity cost. To the Genius non-smoker, the money that you have not spent on cigarettes, where is your Ferrari then? The money, if had been saved and invested by not carrying out certain actions in life, could have translated into something bigger over time, due to the beauty of compound interest. In all honesty, many of us are very similar to the Genius. I don’t smoke, don’t drink and don’t buy branded luxury goods. What have we actually done with the money we had “supposingly put aside” over the years”?...