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Financial Focus: Cable TV Goes From $200 A Month to Becoming Obsolete

What’s Pay Per View again?

Some time ago, I wrote a series of articles about why one should, as the phrase goes, “cut the cord.”

As a society, yes, our “entertainment” (since the 1980s), has blossomed into the world of cable TV.

Thirty years later, whether it is news, sports game shows or movies, we now call it “video” or “streaming.”

Because of our hunger for live or video entertainment content, cable companies have expanded their channel rosters to 372 channels at a supposedly introductory price of $99.99.

Now, you want to show off, that’s fine. Keep the 372-channel version. But for 98 percent of us we all have watching patterns.

So myself, for example, I can only watch TV in the early morning and late evening because of my schedule. In the morning, I need business content and at night, I need to relax with good drama shows and movies.

Bloomberg TV is on Bloomberg.com. So, along with financial news, information, charts and tables, I click on the “Live” button, and bang, I’m watching Bloomberg TV, for free on the Internet.

Now, while I am not a ” big fan” of prime time TV, if I am in the mood for both TV, like Saturday Night Live, and feature films, from “The Wolf of Wall Street” to “Robocop,” just plug into Hulu for $10 a month and/or Amazon at $9 a month.

Now, for people over 40, I probably just freaked them out! Yes, that’s right, this is not your CBS, NBC or ABC TV channels. TV today is roughly what it has always been, a video device.

In today’s 21st century, now that we can include the Internet, we can include streaming media or ” Live” events. And because we can make the device smaller, we can now watch our “New TV” either on our old TV, your new smartphone (no, not your home phone) or even, your new watch. And because of the Internet, we now have more choice and new channels.

And if all we need is an Internet connection, which you can even get, even outside of the cable company then how much is your cable bill again?

I have, like many others, reexamined my watching habits, tailored them to the “New TV” and pay only $19 a month!

That’s a savings of $181 a month.  Just in time for Con Ed, Boost Mobile and FoodTown.

Anthony Rivieccio is the founder & the CEO of The Financial Advisors Group, celebrating its 20thyearasafee-only financial planning firm specializing in solving financial problems. Anthony, a recognized financial expert since 1986, has been featured by many national and local media including: Klipingers Personal Finance, The New York Post, News12 The Bronx, Bloomberg News Radio, Bronxnet, Norwood News, The West Side Manhattan Gazette, Labor Press Magazine, Financial Planning Magazine, WINS 1010 Radio, The Bronx News and The Bronx Chronicle.

For financial assistance or a FREE 2016 Investment Analysis. Mr. Rivieccio can be reached at (347) 575 5045.

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