Money Talk With Anthony

Learning and talking about Finance

Money Talk: After Election Money Thoughts

By Professor Anthony Rivieccio MBA PFA

So, it looks like Donald Trump won the US Election. And with a slim majority in Congress it’s safe to assume that some of his economic policies might get passed

Without getting too specific in this article , my immediate thoughts after the election

* Lower Interest Rates

The Federal Reserve Board , an independent board , in charge of US rates has maintained that interest rates will stay low. If true, now would be a good time for seeking out a short term loan, from durable goods, to maybe even a car. While long term debt like mortgages, can be tricky, I would keep my eyes open

* Taxes

A Trump victory ensures the 2017 Tax cuts, set to expire next year, will be renewed. Furthermore, he’s promised even more tax cuts. Tax cutting allows for higher consumer spending and economic growth. I would think the Stock Market would like this very much

So, 2025, could be a good time to look at lowering or getting some short term debt– and use the extra saving monies — and put into the stock market.

If you need specific assistance, from budgeting, to taxes, to investments and retirement, feel free to reach out!. You get easy access to our team of Certified Financial Planners®, who can answer your questions and provide guidance

Professor Anthony Rivieccio, MBA PFA, is the founder of The Financial Advisors Group, celebrating its 25th year as a full service investment planning & management firm . Anthony is also owner of Rivieccio Financial Advisors, a virtual only financial planning & advisory firm, opened in 2021.

Mr. Rivieccio pens a financial article called “Money Talk” along with ” Financial Focus”. Mr. Rivieccio, a recognized financial expert since 1986, has been featured by many national and local media including: Kiplinger’s Personal Finance, The New York Post, News 12 The Bronx, Bloomberg News Radio, BronxNet Television, the Norwood News, The West Side Manhattan Gazette, Labor Press Magazine, Financial Planning Magazine, WINS 1010 Radio, The Co-Op City News, The New York Parrot, The Bronx News, thisisthebronX.info , The Bronx Chronicle & The Parkchester Times.

Anthony is also currently an Adjunct Professor of Business, Finance & Accounting for both, City University of New York & Monroe College, a Private University.

Ask The Professor is your new Personal Finance Do It Yourself community found in Facebook Groups.

https://facebook.com/groups/2895516820767852/

For financial assistance, Anthony can be reached at (347) 575-5045. Have Facebook? My email is a_rivieccio@yahoo.com My personal page is www.facebook.com/anthonyfromthebronx

The New World of Spending, Credit Cards & Charge backs

By Professor Anthony Rivieccio MBA PFA

People believe that we have been in an economic growth period since 2022 but in reality, consumer spending, which represents 70% of economic growth, has NOT been debt free spending– it has been credit card spending or debt.

In 2022, credit cards were used for 31% of all transactions, and that number increases with income, jumping to 50% for those earning more than $150,000. This is largely thanks to the growing benefits customers get from using certain cards, such as cashback, sign-up bonuses, travel perks, and even insurance. Unlike debit cards, credit cards also provide a layer of protection between you and your actual money: Most cards won’t hold you liable for fraudulent or unauthorized transactions.

Credit card disputes, for example, have increased dramatically in recent years as consumers realize just how easy it is to dispute a charge, sometimes even legitimate ones. Disputes were worth an estimated $11 billion across 105 million transactions in 2023, up from $7.2 billion in 2019. Their value is projected to increase another 40% by 2026. North American merchants ate the cost of a 69% increase in so-called “chargeback misuse” in 2023, an estimated 20% of which was considered likely to be “friendly fraud” — that is, disputing a legitimate transaction for a refund.

This might be another warning sign that we’re in a credit-card-perks-and-rewards bubble. Looking at the landscape, merchants and legislators are pushing for lower processing fees; consumers are becoming increasingly savvy about their credit card use (which is not profitable for lenders); and friendly fraud is rising. Eventually, all of this may result in a reduction of those perks many of us have gotten so used to.

So, what are we spending and who is spending it?

Anthony is also currently an Adjunct Professor of Business, Finance & Accounting for both, City University of New York & Monroe College, a Private University.

Ask The Professor is your new Personal Finance Do It Yourself community found in Facebook Groups.

https://facebook.com/groups/2895516820767852/

For financial assistance, Anthony can be reached at (347) 575-5045. Have Facebook? My email is a_rivieccio@yahoo.com My personal page is www.facebook.com/anthonyfromthebronx

Passive Income By Professor Anthony Rivieccio MBA PFA

What if you could generate revenue while you sleep? It’s not a dream, but a reality achievable through passive revenue streams.

Passive revenue can boost your wallet without requiring you to work harder or extend your already busy hours.

By implementing one of these passive revenue strategies, you can create additional income streams that work tirelessly in the background.

*Market Other Businesses’ Products and Services

Have a website? A newsletter?

Affiliate marketing is one of the simplest ways to start generating passive revenue. By promoting other businesses’ products or services that complement your own, you can earn commissions on every sale made through you.

* Leverage Your Relationships

Many people rely on referrals, but few actively create systems to reward and encourage them. By setting up a referral program with partners or clients, you can generate passive earnings without having to actively chase new business.

For example, if you work in a service industry like consulting, web development, or real estate, you can establish referral relationships with complementary people. For every client they send your way, you offer a commission or other incentive, and vice versa. Over time, this network of referrals can bring in consistent passive revenue.

* Set Up A Membership Community

If your audience and clients are highly engaged and looking for ongoing value, creating a membership community can be a highly profitable passive revenue stream. Membership communities provide exclusive content, resources, or support in exchange for a recurring fee—giving you consistent monthly revenue.

There are many social media platforms that allow you to easily create and manage a membership community of clients, where you can offer premium content, webinars, or direct access to you for advice and coaching. The key is to offer ongoing value that justifies the recurring membership fee, but once the community is set up, it can run with little input from you.

* Create An Online Course or Other Digital Products

Its all about the knowledge. Whether it’s a specialized skill, industry expertise, or unique insights into your market, your knowledge is valuable. Why not turn that knowledge into an online course that sells over and over again?

The beauty of this is that you only need to create the course once, and it can generate revenue for months or even years with minimal updates. There are many Internet platforms to make it easy to create, market, and sell your course online.

* Monetize Video Content

With the rise of platforms like YouTube and TikTok, video content has become an accessible and lucrative way to generate passive revenue. Once you create and upload a video, it can continue to generate views—and revenue—for months or even years.

You can monetize video content through ad revenue, sponsorships, or affiliate links embedded in your videos. The key is to create engaging, evergreen content that attracts a steady stream of viewers over time. Whether it’s tutorials, product reviews, or educational content, video offers endless possibilities for passive earnings.

Our office, in currently working on different combinations of these ideas over the course of the last 25 years, can confirm that ” passive income ” for our firm, represents 10% of our overall annual income

It’s only 10%, but now we don’t work much .

That’s why it’s called : Passive!

Anthony is also currently an Adjunct Professor of Business, Finance & Accounting for both, City University of New York & Monroe College, a Private University.

Ask The Professor is your new Personal Finance Do It Yourself community found in Facebook Groups.

https://facebook.com/groups/2895516820767852/

For financial assistance, Anthony can be reached at (347) 575-5045. Have Facebook? My email is a_rivieccio@yahoo.com My personal page is www.facebook.com/anthonyfromthebronx

Money Talk: Deflation & Boxing

First of all, a short disclosure .

During my 1990’s Wall Street days you didn’t mind spending some money on luxury items and at that time, PPV Boxing, a new thing at the time, was selling ” top level” fights on Pay Per View ( PPV) for $24.99.

In 2006, they went up to $34-$39.99 and that’s when I decided to get the ” illegal Cable box”

Move forward twenty years later, to today, PPV Boxing can go as high at $74-79.99..

That is a 70% price increase in 20 years.

And of course 20 years later , my ” illegal Cable box” does not work any longer ( it worked for 10 years )

I love Boxing, so did I go the Cable PPV $74 rout?. No, I cut the cord , went streaming , and found some , let’s say, interesting access points ) to watch it.

So would I go back to PPV Cable or streaming for Live Boxing?

I thought the answer would always be NO but some quick announcements have shown me that I might go back – at a discounted rate of 75%.

he chairman of Saudi Arabia’s General Entertainment Authority wants to to tackle illegal streaming and appease boxing fans around the world by reducing PPV prices.

Boxing fans can buy Anthony Joshua’s IBF heavyweight title fight against Daniel Dubious for just $19.99 on September 21

“I dream of a PPV with a good price to make the fans happy and subscribe and get them to watch it legally.

“Usually when I see a high PPV, a lot of people go and watch the fight illegally and this is not healthy for boxing and the platform.” What I will try to push is to have our Riyadh Season shows at less than £20 in England and less than $20 around the world…

“I would prefer to have one million fans subscribe and buy the PPV for £20 than less than 500,000 [for £40].

“The people go around it illegally because the price is high. In the future, this will not build boxing.

“If I give the fans good fights at a good price then I will increase the fanbase.”

And the trend could be permanent ( for now).

American viewers uninterested in paying for Artur Beterbiev’s and Dmitry Bivol’s supporting boxing cast are in luck, as Top Rank announced that ESPN+ will carry a one-fight broadcast of the main event– for $15.

Now, that’s deflation ! Are they taking away many of our ” sports entertainment” areas of TV: from Golf , to Boxing to Soccer to Wrestling ?

Let me white former WWE star Ted Dibaise:

Everybody, has a price for the million dollar man”

Anthony is also currently an Adjunct Professor of Business, Finance & Accounting for both, City University of New York & Monroe College, a Private University.

Ask The Professor is your new Personal Finance Do It Yourself community found in Facebook Groups.

https://facebook.com/groups/2895516820767852/For financial assistance, Anthony can be reached at (347) 575-5045. Have Facebook? My email is a_rivieccio@yahoo.com My personal page is www.facebook.com/anthonyfromthebronx

In 2021, a funny thing happened! We were introduced to " Streaming TV"

After ” Cable TV” started their revolution in the 1980s-90s, over thirty years later, we now see a ” 3rd version of TV” , with what we know as ” Traditional TV” , before the 1980s

And how’s it going?

Since 2022, According to ” Business Insider” , Cable TV has lost 5.1 million subscribers, or almost 22% of the Cable TV base. Is that good news? Well, ” Streaming TV ” is losing 3% of that base due to subscribers ” coming then leaving”. In 2023, Cable TV had 34 million subscribers.

In January 2023, adults aged 65 or older were the most likely to subscribe to cable TV, while adults between the ages of 35 and 44 were the most likely to have subscribed in the past but later canceled.

The COVID-19 pandemic accelerated the shift to streaming, and major networks created streaming services to take advantage of the trend. Comcast, Charter, and Altice are the main players in the cable TV industry.

In 1992, 53 million subscribed to Cable TV. Thus in the last 30 years, Cable TV subscribership has gone down 36%

Today, just 40% of U.S. households have subscribed to cable TV, and the number of pay TV subscribers worldwide has declined by 20 million in the past three years.

In July 2022, streaming consumption in the country surpassed that of Cable TV, making streaming the most popular form of content consumption today.

So how’s it going?

I’m 64 years old ! So based on the info above , I think it sucks !.

But I try to learn from life and my clients & students, especially my younger ones.

So I’m 64 years old! And , I ” cut the cord ” many years ago!.

Now, price? That’s a whole different other study !. In the meantime , praise the Lord for FAST ( Free) platform services.

Anthony is also currently an Adjunct Professor of Business, Finance & Accounting for both, City University of New York & Monroe College, a Private University.

Ask The Professor is your new Personal Finance Do It Yourself community found in Facebook Groups.

https://facebook.com/groups/2895516820767852/

For financial assistance, Anthony can be reached at (347) 575-5045. Have Facebook? My email is a_rivieccio@yahoo.com My personal page is www.facebook.com/anthonyfromthebronx

Your Money & The 2024 Election-- scared yet? By Professor Anthony Rivieccio MBA PFA

By Professor Anthony Rivieccio MBA PFA

If you are reading this then you must behave just opened your 401 k statement. Yes, it took a hiccup! Then it starts to come back! Then, hiccup

For the last 2 years, while The Biden Administration has crowed over economic and stock market growth– with some accounts getting 40% in the last 20 months — then hiccup time !

July came!

Crazy talk about legalizing crypto. The ” AI ” hype is fully not ready for primetime. The Middle East war, The US employment reports showing significant weakness, as shown by the Employment rate going from 3.7 % to 4.3%—a 15% increase in unemployment.

But, exhale a moment: The markets in recent days are coming back !

Some perspective

To be clear, there’s no reason to panic when things like this happen. In 2023, the S&P 500 returned over 21%, and the Nasdaq churned out over 40%—and both of these indexes dropped 8.8% and 9.8%, respectively, across four weeks last fall.
Consider this: The S&P 500 is down over 8.2% from its peak this year, and it’s still up over 9.5% year-to-date. Historically speaking, that’s still an above-average year. Corrections like this might feel dramatic, but they are ultimately completely normal in the stock market cycle.

Yes , the roller coaster year of 2024, is in full motion

More important, the upcoming Presidential candidates have ” extreme different” positions when it comes to ” taxes” and economic policy , in general.

So how will; inflation and interest rates look , which will no doubt effect our financial markets in 2024?

How will the new Presidents domestic policies effect our US Economy in 2025 & Beyond?

Yes, this election is economically important

It’s normal to feel a bit uneasy during tumultuous economic times, but in our honest opinion, NOW, would be the time to seek financial professionals .

If you need specific assistance, feel free to reach out!. You get easy access to our team of Certified Financial Planners®, who can answer your questions and provide guidance

Anthony is also currently an Adjunct Professor of Business, Finance & Accounting for both, City University of New York & Monroe College, a Private University.

Ask The Professor is your new Personal Finance Do It Yourself community found in Facebook Groups.

https://facebook.com/groups/2895516820767852/

For financial assistance, Anthony can be reached at (347) 575-5045. Have Facebook? My email is a_rivieccio@yahoo.com My personal page is www.facebook.com/anthonyfromthebronx

Debate on Economy- Trump vs Biden

This article is about ECONOMICS and The Presidential Debate only. It is not an endorsement for any person or party

Now with that being said; in layman visual terms, Trump looked younger, Biden was losing his voice and at times mumbled and stumbled more than a midnight drunk walking out of the bar.

Now let’s talk Presidential Economics

* The Economy

Joe Biden says, his policies are lowering inflation that started with Trump policies. Joe says, if it was not for his Inflation Reduction plan, our economy would be in kaos.

Donald Trump says, he left the US with the greatest economy of all time. When it was handed to Joe Biden, he destroyed it.

* Budget Deficit

Trump says, that if we reinstitute his personal and business tax cuts, economic growth will pay for the budget Deficit. Trump says if you cut Government regulations, that would be another way

Biden says, we need to ask the wealthy to pay more, by raising taxes, over anyone making over $400,000. Biden says, Trump’s 2017 tax cut plan, were the widest in history and make our budget Deficit even wider.

* Black suffering in Economy

Biden says we have had much gains in : small business, housing & child care policies.

Tru.p says the biggest tax to black suffering is inflation as poor families, suffer the most.

*Social Security

Joe says we can fix social security by having the wealthy pay their fair share in taxes.

Trump says social security will be broke if we keep allowing illegals access to it, via social programs

While of course the debate covered many Non Economic areas, these were the economic highlights of the debate .

As an economist, I can honestly say that both candidates do see the concerns that can hurt our economy, short and long term like : Debt, Social Security and Taxes. I agree and disagree with both in regards to some of their solutions

Now, looking at it in layman terms, and I say this with the deepest of respect, but after the 30 minute mark, I looked at my coworker and said ” I don’t care what party your for or against, I just hope they have an ambulance on stand by.

Anthony is also currently an Adjunct Professor of Business, Finance & Accounting for both, City University of New York & Monroe College, a Private University.

Ask The Professor is your new Personal Finance Do It Yourself community found in Facebook Groups.

https://facebook.com/groups/2895516820767852/

For financial assistance, Anthony can be reached at (347) 575-5045. Have Facebook? My email is a_rivieccio@yahoo.com My personal page is www.facebook.com/anthonyfromthebronx

Biden and Trump Income Tax

Let me get right to the point!. This conservation has nothing to do with there views on : Abortion, Child Care, The Insurrection or Putin’s Russia . This has to do with our money, only.

So in saying that; will the candidates lower your taxes? Is your Tax bracket too high , now?

CURRENTLY, under our system of Individual & Businesses our Tax Structure is currently under ” The Trump Tax Plan of 2017″. A systematic TEMPORARY way to LOWER Individual & Business Tax rates. Temporary, in that they are scheduled to expire, in January of 2026.

What happens , 18 months later, if Jan comes and no changes are made? Then, they are scheduled to go back to Tax year 2017. Is going back in time a good thing for our Tax code?.

Enacted by former President Donald Trump, the Tax Cuts and Jobs Act of 2017, or TCJA, included lower federal income tax brackets, bigger standard deductions and higher gift and estate tax exemptions, among other provisions.

If Congress doesn’t take action, those tax breaks will sunset after 2025. And if the TCJA provisions expire, more than 60% of tax filers could face increased taxes, according to the Tax Foundation.

INDIVIDUALS

The TCJA temporarily lowered federal income tax rates, which dropped the top rate from 39.6% to 37% through 2025.

BUSINESSES

The TCJA lowered tax rates from 35% to 21%

If the Trump plan expires for Individuals:

In our opinion, it’s ugly. The 6.6% decrease in taxes per year since 2017 only comes out to 0.9% per year, for those last 7 years. In 2025, going back to 2017 laws, you’ll be looking at a 6.6% tax INCREASE .

With Businesses, the drop from 35% to 21% is a 40% tax decrease. If the plan expires, business taxes will go up by 40%.

Biden says, hell adjust it to make sure anyone less than $400,000 a year. Biden also says he wants businesses to pay a minimum tax and has even mention a rate at 39%.Trump says ” he’ll extend the cuts” for both Individuals and Businesses.

In the end , the President proposes but it is Congress, your Congressperson & Senator who vote and draft any new and adjusted tax laws. But note again, without any action by Congress, by law, the tax rates go back to 2017.

So actually it sounds like the Congressional voting right NOW might be the most important vote you can take. It will be those individuals that will be tasked with keeping, changing or , doing nothing , with the current Tax law were in, in 2017.

Vote, with your money first

Anthony is also currently an Adjunct Professor of Business, Finance & Accounting for both, City University of New York & Monroe College, a Private University.

Ask The Professor is your new Personal Finance Do It Yourself community found in Facebook Groups.

https://facebook.com/groups/2895516820767852/

For financial assistance, Anthony can be reached at (347) 575-5045. Have Facebook? My email is a_rivieccio@yahoo.com My personal page is www.facebook.com/anthonyfromthebronx

Is ( Trump) Hush Money Tax Deductible

Ok! So in Trump’s case , he paid for sex!. For others, it’s just a transaction. Trump did not pay Ms Daniels, Trump’s lawyer, Michael Cohen, did. The trial showed ” the intent” of the business transaction. Yes, it was labeled ” legal services”. The Court recently said, the transaction was a fraud. This, is ” hush money” Tax deductible?.

There is a background of important tax rules at play for many businesses. Let’s start with the fact that just about every kind of payment has tax consequences, to both the recipient and to the one who paid the money.

So let’s figure this out. Firstly, Hush Money is Income. If you get paid hush money, is it income you have to report on your taxes? Yes, the IRS says almost everything is income.

Now get ready for this. President Trump proposed and was passed in 2017 to restrict many plaintiff deductions for legal fees, a tax law that hurts legal settlements.

So if it’s declared as income, guess what?

Businesses Deduct It. Businesses routinely settle legal claims of all sorts to keep claims and amounts quiet.

The tax law changed in a major way in 2018. Since then, the tax law says that businesses and individuals can no longer write off confidential legal settlements for sexual harassment or sex abuse. These restrictions only apply if confidentiality is required. So if you just pay hush money but do not expressly call for nondisclosure or confidentiality, companies can still write it off. Some companies settle without requiring confidentiality to get around the new rules.

Most companies are willing to forgo a tax deduction to keep the settlement quiet. Then again, some companies want to have their cake and to eat it too

So what does it all mean:

Legal Fees Can Be a Problem. For businesses, legal fees are almost always tax deductible, even if the legal fees are very expensive. They are just one of numerous business expenses. But since 2018, if you are paying hush money for sexual harassment or abuse, and if you require confidentiality, not even the legal fees can be deducted.

Thus, in Trump’s case, his own law did him in! Let’s hope Stormy put the hush money on her taxes .

Anthony is also currently an Adjunct Professor of Business, Finance & Accounting for both, City University of New York & Monroe College, a Private University.

Ask The Professor is your new Personal Finance Do It Yourself community found in Facebook Groups.

https://facebook.com/groups/2895516820767852/

For financial assistance, Anthony can be reached at (347) 575-5045. Have Facebook? My email is a_rivieccio@yahoo.com My personal page is www.facebook.com/anthonyfromthebronx

2024- Red Lobster - Blood on the Shrimp

By the time you read this you might have heard the news. Actually we heard it in April but could not accurately report ( because of Income Tax Season) but we can now.

Say Goodbye to Red Lobster !

In mid-April, many news outlets started reporting and leaked out the debt-laden seafood chain and home of beloved cheddar biscuits was considering filing for Chapter 11 bankruptcy protection. Red Lobster is being bogged down by increased labor costs and expensive leases on its restaurants.

Red Lobster reported a $11 million losses in the third quarter of 2023, and in the fourth quarter, the picture got even worse, with the restaurant chain seeing $12.5 million in operating losses.

Red Lobster’s particular problems are attributable to a mix of poor brand positioning and unstable leadership. The seafood-restaurant business is a tough one in the US, and people who are hankering for lobster or fish are increasingly going to steak houses .

Years of changing tastes, tough industry conditions, and poor brand management all contributed to the chain’s difficult position.

So, they are thinking bankruptcy?

Is it poor management? Not enough sales? More ” Endless Shrimp” promotions?

Here’s the sad part:

What separates Red Lobster is a decade of private-equity and investor tampering. Pinging from owner to owner makes it hard to settle on a turnaround vision. The company faces challenges that necessitate a long-term view that requires patience — the kind that the short-term-focused Wall Street often struggles to tackle.

The seafood chain has been operational since the 1960s, and was thriving until the 2000s .

And then came the infamous Endless Snow Crab promotion.

In the summer of 2003, Red Lobster introduced its Endless Snow Crab promotion, which offered customers all-you-can-eat snow crab for $22.99.

But the promotion worked a little too well. Customers took advantage of the deal by ordering heaps of snow crab, and restaurants couldn’t keep up.

Endless Snow Crab cost the company a reported $3.3 million in profits and the chain’s then-president, Edna Morris, stepped down as a result. The New York Post also reported in 2003 that the bungled promotion cost Red Lobster a whopping $405.9 million of stock value in a single session after investors began rapidly selling off their shares.

The deal ended up being what Restaurant Business called “one of the biggest marketing blunders in industry history.”

And then came the 2008 Recession

The Great Recession majorly impacted the restaurant industry, and casual-dining brands took the brunt as people cut back on luxuries like dining out. Nationwide food-and-beverage chains like Bennigan’s were forced to shutter, and others, like Starbucks, closed hundreds of locations, CBS News reported in 2008.

Restaurant Business reported that, after the Great Recession, Red Lobster was also struggling to make a comeback, putting pressure on Darden to turn away from the brand and focus on other restaurant concepts.

CNN reported that by 2008, Olive Garden’s sales were outperforming Red Lobster’s, and Darden was diversifying its portfolio of restaurants with fast-growing chains like Longhorn Steakhouse, Capital Grille, and Yard House.

In 2014 the chain was sold to private equity. Again and again and again till today.

So they tried one last plan, The Endless Shrimp promotions, daily , for $20.

Many say that was the final blow to the loss reported earlier in this article. Notice that the daily promotion is now only on Mondays and the price went up to $25 .

So , what happens now?

Some stores are already closed. Some did not tell their employees till the last minute.

The ones that are open, for now?

Go and eat! The food is still good, just remember, now there’s blood on the Shrimp.

Anthony is also currently an Adjunct Professor of Business, Finance & Accounting for both, City University of New York & Monroe College, a Private University.

Ask The Professor is your new Personal Finance Do It Yourself community found in Facebook Groups.

https://facebook.com/groups/2895516820767852/

For financial assistance, Anthony can be reached at (347) 575-5045. Have Facebook? My email is a_rivieccio@yahoo.com My personal page is www.facebook.com/anthonyfromthebronx

Money Talk: What kind of TV do you watch

Money Talk: What kind of TV do you watch?

By Professor Anthony Rivieccio MBA PFA

Many years ago , I wrote an article discussing how “streaming” was going to be the new way to watch TV, whether it is cable or broadcasting.

It happened so fast!

According to recent reports, Cable TV represented just 30 percent of all TV use, and broadcast networks represented 20.8 percent of all TV use. Streaming was the most popular way people watched TV, with 37.7 percent of TV viewing in May 2023.

Here Are The Top 10 Streaming Services:

YouTube: 8.8 percent
Netflix: 8.2 percent
Hulu: 3.5 percent
Prime Video: 3.2 percent
Disney+: 2 percent
Tubi: 1.4 percent
Max: 1.4 percent
Peacock: 1.2 percent
Paramount+: 1 percent
Roku Channel: 1.1 percent
Pluto TV: 0.9 percent

The next and younger generation, wants their TV: portable and cheap.

Well, portable, we see the majority of Americans should be there soon. As far as cheap; I think that’s a matter of opinion.

Based on simple inflation: the 1993 Cable Bill was $25 a month and should be worth $45 today. Is your cable bill $45 today? No? Exactly, and that’s just one reason

Secondly, you’ll see above, some are cheap, some are even, FREE!

But lastly, before you cut the cord. Remember this ( as I said several years ago ) in my opinion the maximizing of price and value will come in both: understanding what you consume & how you get that content

Using myself as an example, because of my work lifestyle, I consume

* Morning/ Afternoon- Business news

* Late evening- Sports/ movies

I do not watch TV in between.

So for my business news, there are many platforms where I can get 24 hour business news, live and FREE , by using, for example, Pluto TV and tap into their ” News section” . I keep it on all during business hours because of the nature of the work we do. If I want to get even cuter, CNBC, the cable news channel, has LIVE streaming, right on their website page. Just go to CNBC.com and bang

In the late evening, I like to relax and watch TV for 2 hours to unwind. Maybe a Sports event or a movie ?

If it’s Sports, it will not be live, only because of my hours, but, I can go right to You Tube , which is FREE , to watch delayed nights of : Baseball, football, basketball, etc.

As a Boxing & Wrestling Fan, their is more than enough content to satisfy that consumption.

If it’s a Movie, I go right to Tubi , again a FREE platform , to watch a movie. They do have a large selection . Pluto TV also has a great selection of on demand shows, from 1952- to 2022.

Notice I keep saying Free, right. But I’ll be frank, by doing this, then buying stand alone platform channels ( for example HBO) at $5-$10 a month, I think one can save hundreds or even thousands of dollars per year.

And of course, CBS, FOX, NBC & ABC are still free right!?

So, do you cut the cord? Are you ready for ” streaming TV”!?.

Contact

Any questions please free to contact me