This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

How to Earn $1 Million by Not Watching TV

Movies: In addition to cable, most people are going to want to watch movies. That means either purchasing the DVDs or renting them from a service such as NetFlix and paying a monthly fee.

DVD/DVR: In order to watch the movies that you rent, you are going to need a decent DVD player. This will cost at least a few hundred dollars. And again, you'll likely replace this a minimum of several times over your lifetime as technologies change and better quality devices are created. You also may buy recording devices or DVRs like Tivo and related accessories to catch all of your favorite shows.

Gaming system: If you are into video games, you will purchase a gaming system to use. These can cost anywhere from a couple hundred dollars on up. You will also likely buy a number of these over your lifetime as the systems improve.

Games: If you purchase a gaming system, you will also need to purchase or rent games to play on that system. This can get quite costly, as most people want a variety of different games to play. It can easily run more than $100 a month if you purchase multiple games.

Energy: You will need to pay for the electricity to run the TV and other related electronics. This will vary greatly, depending on the type of TV you have and how much energy costs where you live, but it will likely be a minimum of $10 a month and possibly much more.

Commercials: A huge hidden cost of TV that people never consider are all the commercials they watch. The commercials are there to get you to buy products -- and they are effective. Economist Juliet Schor estimated that for every hour of TV a person watches each week, he or she will increase his or her annual spending by about $200, according to a 1999 article in the Spokane, Wash., Spokesman-Review. In 2005, Nielsen Media Research reported that the average person watched approximately 4.5 hours of TV a day, or 31.5 hours a week . At $200 in extra spending for each hour watched, that means that the average person spends an extra $6,300 a year due to TV commercials that they wouldn't have spent if they didn't watch TV.
2 of 3

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free
AAPL $118.05 -0.70%
FB $105.46 -0.26%
GOOG $748.99 0.10%
TSLA $229.52 5.20%
YHOO $33.12 0.49%


Chart of I:DJI
DOW 17,822.08 +9.89 0.06%
S&P 500 2,091.56 +2.42 0.12%
NASDAQ 5,122.5010 +19.6930 0.39%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs