That’s right the second Cash Accumulators team strategy update involves getting rid of our existing Internet/Satellite TV bundle package. The Internet/Satellite TV bundled package came with a steep monthly fee of $165. Going forward we have decided that it was more cost-effective to bundle the Internet with the same carrier that our mobile device is set up with. Bundling the Internet and the mobile device plans together resulting in the Internet service only being $33/month. The Satellite TV subscription has been replaced with setting up a Netflix account. The monthly fee for the Netflix account is $9/month. The resulting total cost for the Internet/Netflix is $42/month. This revised team strategy results in a monthly savings of $123/month or $1476/year.
The Benefits
– This decision has had little impact on our quality of life for a couple of reasons. Firstly, we didn’t watch much TV to begin with, and secondly most of the shows and movies we did enjoy are on Netflix.
– There has been no difference in the quality of the Internet service.
– This revised team strategy has surprisingly increased the amount of time we spend with family and friends, as shows or sporting events that we want to see have become a group event at times.
– There are numerous sites online that enable you to stream live sporting events or watch shows a couple of hours after they have aired.
– The best benefit from this revised team strategy though, is the additional savings of roughly $1500/year.
The Significance Of Saving $1500/year
The significance of this revised team strategy for the Cash Accumulators and the resulting cash savings is that it enables us to invest additional cash into the Cash Accumulators to increase their investment skill set. This increased investment skill set will increase the amount of dividends we are able to generate, along with at the same time reducing the passive income required to cover the Cash Accumulators annual operational expenses due to now saving an additional $1500/year. The implementation of this revised team strategy enables an additional $123/month to be invested into the Cash Accumulators investment skill set. If this $123/month investment has a 5% rate of return after 4 years, it will be worth $6,521. This $6,521 with a 3% dividend yield will generate an additional $196 of annual dividend income. Overall we are very happy with the results from this revised team strategy!
Cash Accumulators fans what is your Internet/Satellite TV set up?
Mr. Captain Cash
Leading the way to financial independence.
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