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Sure Internet is $30, but it replaces a whole bundle of other services. Back in 1984 the cost to develop a couple rolls of film and make some long-distance phon
by massysett 10y ago
Sure Internet is $30, but it replaces a whole bundle of other services. Back in 1984 the cost to develop a couple rolls of film and make some long-distance phone calls would easily equal today's internet bill.
The cost of education and health care is what is crushing today's generation, not backup cameras, Starbucks, and iPhones.
- Jtsummers 10y agoIt compounds, though. You can't tackle your debt if your other cash outflows are too high. iPhone, Starbucks, sodas, cable TV (versus Hulu + Netflix + Amazon, which many have in addition to cable TV), that's 2-4k/year. If your debt is $100k or less, that's 2-4% of the principle that you can pay off as extra in one year of living more modestly, which means you can get your home and other things much earlier.