My $132,683 Comcast Bill

$132,683 — That's how much I'm paying for cable. Now, I do have HBO, Showtime, and 386 other channels of digital bliss, but $132,683!? Please. Is this a billing error? Not exactly.

I recently came across Jon Hanson's Foolish book Good Debt, Bad Debt. In it, he notes:

If you are forty years of age, every $100 a month you continuously burn costs you over $132,000 at age sixty-five. Said differently, invest $100 a month for twenty-five years (ages forty to sixty-five for example) in a mutual fund or other investment at only 10% and you will have $132,683...Is it worth $132,683 for cable TV with all the premium channels? Continue reading...

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