Well this example can be applied to any monthly expense. Consider this from the blog posting at sizusfinlit.blogspot.com.
"Some families are very happy because they earn over $200,000 with a combined income. However, this is no match for a simple cable bill, which is paid $120 per month for the entire life of most people. Using the average age newborns live to, which is 80, this becomes $115,200 of payments over one's life. If I factor in compound interest, paying $1440 annually at a 5% interest rate, this becomes $1,468,498. Wow, looks like the $200,000 just went out the window when you decided to own cable throughout your entire life, costing $1,468,498!"
This post was reposted from http://finlit.biz/estate-planning/how-much-is-cable-really-costing-you/, originally written on August 9th, 2014.
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