Cut the Cord and Never Look Back

Cut the Cord and Never Look Back!

Cut the cord and see if you find yourself saying, “I wish I had spent more of my time watching TV.”

Objectively, the most “optimized” way forward towards Financial Independence is to eliminate paid television altogether and redirect what would have been money spent on ridiculous cable bills to investments in a low-cost broad market index fund, reducing our timeline to FI. And of course there is the truth that if we were to eliminate television altogether, we would likely be happier and more productive.

But, for the overwhelming majority of us, we will still want to view sports and our favorite shows in the comfort of our home or on our electronic devices.

One of the keys to having a high savings rate is driving down monthly expenses. This requires thinking outside the box in regards to recurring expenses including cable. Arguably cutting the cord, in regards to cable, is a BIG way to keep more money in your pockets. There are ways to get TV entertainment for a fraction of the cost and one such option is through a one time investment of a high definition antenna. And don’t overlook the free library resources to be taken advantage of in your town.

A lot of the cable companies will try to lure you into purchasing multiple services by offering a bundling discount. Don’t fall for it if all you need is internet service. Find out what speed meets your specific needs and compare the prices of local carriers. Often times you can get things like the installation fees waived for being a new customer and especially if you let the competing companies know you are receiving multiple quotes. Be sure to get any sign-up offer in writing.

Fiology thanks Deanna of Recovering Women Wealth, for shaping this lesson.

Read:

Watch:

Listen:

Take Action:

  1. For one month, commit to no television. Note how you filled your time. Did you miss your normal programming? If so, research how you can still watch the programming you missed. Your least expensive and most efficient option will likely be far cheaper than paying for a traditional cable subscription.

Additional Resources:

Quote:

I’d like to live as a poor man with lots of money.” – Pablo Picasso

David Baughier

My passion for helping others led to the curation Fiology. Help me spread the message of Financial Independence by clicking a colorful link above and sharing this post on your favorite social platform. Thank you!

8 Comments

  1. […] Cut The Cords That Tie Us Down! […]

  2. sohokat on August 2, 2018 at 12:03 pm

    I get all my entertainment for free at the local public library. Free books, free movies, free TV shows. Having bought a small one bedroom condo for cash eleven years ago, my housing expense is $300 per month. So I guess I have fulfilled Picasso’s dream — living like a poor person with plenty of money.

    • Fiology on August 2, 2018 at 12:25 pm

      sohokat,

      Seems like you have it all figured out! Would love to hear more of the story. Not many people were thinking so strictly about Financial Independence eleven years ago.

  3. […] Cut the Cords That Tie You Down […]

  4. You've Done The Math, Now What? - Ms. Fiology on August 30, 2018 at 10:30 am

    […] calculated you FI number and set a goal. Next, you starting driving down your monthly expenses by cutting the cord and/or switching to a cheaper cell phone plan.  Wanting to gain some of your time back, you began […]

  5. […] Cut the cord with cable […]

  6. […] 6. Cut the Cord – I currently have zero cords to cut but I know many people who have saved a chunk of change from canceling cable. Fiology Lessons has an awesome article with resources on cord-cutting. […]

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