Business 9, Lesson 30 – How Much Money Won’t I Have at Age 70 if I Keep Watching TV?

Before I get into this I want to state that I do not watch that much TV.  Majority of my time is spent on social media.  I am not saying this is better, if anything it might be worse, but I spend about two to three hours per week watching TV.  Majority of my time is spent on social media, which I will be including in the hours I spend on “TV.”

I spend about 21 hours on my phone per week.  That is about 88 hours per month. According to the exercise Dr. North gave in Lesson 23 (multiply $20/hour); it would come up to $1,760 per month.  What does this number mean? This number is how much I will earn by the time I am 20 years old if I start at 15 years old.  If I keep up at watching social media and TV at 88 hours per month, from the time that I am 13 to the time I am 70, I would have lost approximately $1.2 million.

This proves that TV is not actually free.  You may not feel it in the moment, but spending time on social media and TV is costing you hundreds of thousands of dollars. 

Does knowing this make me want to cut down on my TV time?  I’m not going to lie; this does make me want to cut down.  Will I?  Maybe for a week before going back to my old schedule.  But I will keep in mind how much I’m wasting while watching videos on my phone.

Author: sophiaelahirpc

Part-time 9th Grade student in the Ron Paul Curriculum. Full-time teen writer living in Singapore.

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