Archive for May, 2014

As some of you know, a couple of years ago I gave my kids an ultimatum.   If you want iphones you must give up cable TV.   Every year since I gave them this ultimatum I offer them the chance to give up their phones and get cable back but every year they refuse.    Watching TV on our Roku and Apple TV devices is now an ingrained way of life for the whole family.   Generally speaking, we’re usually a season or two behind the current season since I just finished watching the last season of Breaking Bad as an example.

Where I think Hulu does a GREAT job is bringing new shows and content from around the world.   I can now watch shows from the UK and Latin America that I’ve never seen before.   My current crop of shows that I enjoy watching include PramFace, The Booth and the End, Endgame, and a day doesn’t go by when I find something new that I haven’t watched.  I’m getting ready to start watching British TV show “In the Thick of It” soon which promises to be quite funny.

Perhaps these shows are available on cable TV or perhaps they are not, the one thing I am sure of is that I can’t stand paying for 100 channels of ESPN or 100 channels of cartoons when I barely watch sports or cartoon TV.   Even better yet however is that HuluPlus always has the shows I want to watch when I want to watch them, I just click a button and it streams it to my TV, no need for DVR, no need to schedule recordings, no need to worry about running out of disk space, no need to do anything but just click to watch.

If you want to save some money, try dumping your cable TV, there are more and more options everyday!

While this is a personal finance blog, I do on occasion stray into a few tangent subjects.  I hadn’t thought too much about the whole Edward Snowden fiasco but as I watched Edward Snowden tonight on NBC, I began to see this guy as more of a HERO than a ZERO.    I don’t know the full details of what he did other than to reveal the incessant spying the U.S. Government has on its own citizens taken from a page of the old Soviet Union “how to spy on your citizens” manual but he seems to have done the right thing.

The most important thing I learned was not to google Rangers scores or more importantly don’t use any google products at all.  This guy definitely deserves some level of clemency.  Let’s face it, he’s already done hard time by living in Russia!

The real question now is which politician will stand up for liberty and which ones will continue to carry water for the gestapo state.

This past Memorial Day Weekend, which I spent at home, I watched an old show on TV that I hadn’t seen in decades, it’s a TV show called the Price is Right.   The premise of the show is for people come up and try to guess the prices of items to win various prizes then vie for a chance to enter the “ShowCase Showdown” for a chance to win a few more prizes.

During the summers of my youth, I watched this show almost daily and was always in awe of the prizes.   A funny thing happened as I was watching the show and the famous spinning of the big wheel to determine who gets to go to the showcase.  The host, Drew Carey, notified the contestants that if they land on the 1.00 mark, they’d win a whopping $1000!   Whoa….wait…what?  Just a measly $1000?

The show started in 1972 and I don’t know if the jackpot for landing on the 1.00 was $1000 back in 1972 or not but by the 80s I’m pretty sure that landing on the 1.00 awarded you a $1000 prize.    I went back and did the calculations and adjusting for inflation at 3% per year for 42 years (1972-2014), the Showcase 1.00 should payout $23,701 today in inflation adjusted dollars.   To be fair, the jackpot does offer $25,000 if you hit the 1.00 mark twice but that’s what the jackpot should be for just landing there once if all things were kept equal and consistent.   You can think about this another way, how much groceries or gasoline do you think you could have bought with $1000 in 1972 with what you can buy today?

In today’s world where wages are stagnant and minimum wage barely pays for substandard living, it’s important to understand the real enemy: Federal Reserve fictitious interest rate policy to inflate currencies.     Dim-witted people that call themselves “Republicans” or “Democrats” with hopes of working through a “political process” to solve problems don’t ever seem willing to handle the real cause of all economic problems.   Don’t expect any changes any time soon for as long as clowns are in charge, that ShowCase jackpot will continue to be worth $1000 and people will laugh in a decade or two when $1000 buys a can of Coke.