3151: The Time Value of Money (or why 25 years of cable TV doesn't cost as much as you think) by Stephen Popick with GRS

Optimal Finance Daily - Financial Independence and Money Advice

Content provided by Optimal Living Daily LLC and Optimal Living Daily | Diania Merriam. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Optimal Living Daily LLC and Optimal Living Daily | Diania Merriam or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://ppacc.player.fm/legal.

2d ago 11:43

MP3•Episode home

Discover all of the podcasts in our network, search for specific episodes, get the Optimal Living Daily workbook, and learn more at: OLDPodcast.com.

Episode 3151:

Stephen Popick unpacks the often-misunderstood concept of the time value of money, showing why recurring expenses like cable TV aren’t as costly in today’s dollars as they appear over decades. By factoring in inflation, investment returns, and personal opportunity costs, he makes a compelling case for thoughtful financial planning that balances present needs with future goals.

Read along with the original article(s) here: https://www.getrichslowly.org/the-time-value-of-money-or-why-25-years-of-cable-tv-doesnt-cost-as-much-as-you-think/

Quotes to ponder:

"The time value of money is a complex term for a simple concept: Any given amount of money is worth more today than the same amount in the future."

"Your personal time value of money is very tough to measure on a personal level."

"Would I rather have $30,000 today or cable television for the next 25 years? There’s no one right answer."

Episode references:

Good Debt, Bad Debt: https://www.amazon.com/Good-Debt-Bad-Invest-Smarter/dp/1591840260

The Automatic Millionaire: https://www.amazon.com/Automatic-Millionaire-Powerful-Immediately/dp/0767923820

Learn more about your ad choices. Visit megaphone.fm/adchoices

3955 episodes