Watching TV Could Cost You $1 Million

Submitted by Dmitri Davydov on Sat, 2007-07-28 07:32.

When people ask me what was the best decision I made when I decided to create this website, they are often surprised when I tell them that it was my decision to quit watching TV.

There is no doubt that TV costs people far more financially than they believe. For most people, TV is a habit that costs in excess of $1 million over a lifetime, or the equivalent of a healthy retirement account.

I made a conscious choice about five years ago to drastically reduce the amount of TV I watch. The average person now watches 4.5 hours of TV a day.

While my watching habits weren’t quite that bad, I did find out I was watching about three hours a day, far more than I thought at the time.

I made the conscious decision to take those three hours and devote them to creating a website with a friend of mine.

Over the first three years I used the time I had been watching TV to help create and build our websites while still working full time in another job.

It’s amazing the amount you can accomplish when you find an extra 3,285 hours to work on something you enjoy doing rather than vegging in front of the TV.

Those hours helped us create a small network of websites and blogs which allowed both of us to quit our jobs and work on them full time a couple of years ago.

To put it into perspective, if you watch an average of 31.5 hours of TV each week (which the average person in the US does) and you value your time at minimum wage of $5.85 an hour, you are spending nearly $800 a month to watch TV. That comes to nearly $10,000 a year.

I would imagine that most people reading this value their time well above minimum wage, so the cost is likely several times that number. When you look at it from that perspective, watching TV is an extremely expensive and financial draining habit to have.

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