12.19.24 SAVE On Internet Service / American Train Travel
Dec 19, 2024
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Discover how to cut costs on your home internet by avoiding unnecessary high speeds. Many consumers overspend on services they don’t fully utilize. Explore the exciting resurgence of train travel in America, improving transit options and reducing urban congestion. Dive into effective financial strategies, from optimizing savings to investing for kids. Plus, learn about the potential risks of gift card fraud. It’s a blend of practical advice and positive changes in transportation!
33:26
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Quick takeaways
Many consumers overpay for home internet as they often select higher speeds than necessary, leading to increased monthly costs.
American train travel is witnessing a revival with more passengers opting for Amtrak, signaling improvements in U.S. rail services.
Deep dives
Understanding Internet Costs
Many consumers may not realize that they often overpay for home internet services due to aggressive marketing strategies from major providers. Companies like AT&T and Comcast typically lure customers in with low introductory rates for high-speed internet, which then skyrocket to much higher prices after a promotional period ends. In contrast, newer providers such as Google with G-Fiber, as well as T-Mobile and Verizon with their wireless home internet services, can offer significantly lower rates while still providing adequate speeds for most households. It’s important for consumers to assess their actual internet needs, as speeds of 100 to 300 Mbps are generally sufficient for streaming, working from home, or general browsing without the high monthly fees of one gigabit service.
The Value of Tracking Net Worth
Regularly tracking household net worth serves as a useful indicator of financial health and progress towards financial goals. By maintaining a net worth statement that lists both assets and liabilities, individuals can gain insights into their financial trajectory and make informed decisions moving forward. This practice not only acts as a financial temperature check but also motivates goal setting by creating a clear picture of one's financial position. Over time, a trend showing decreasing liabilities alongside increasing assets can help individuals strive for financial independence.
Challenges with Online Shopping and Customer Service
Consumers face potential difficulties when shopping online, particularly with fulfillment errors and customer service interactions. Experiences where orders are misdelivered can lead to frustration, as seen in a case where a customer received an incorrect item and struggled to resolve the issue with customer support. Companies like Amazon may require customers to provide additional identification when processing refund requests, which can further complicate the resolution process and leave consumers feeling hesitant about sharing personal information. This situation highlights the importance of being cautious and aware of the customer service policies of online retailers.
One way you may be able to save money is through home Internet service. Do you really need the highest speeds? So many of us overbuy for what we actually need. Also, train travel in the U.S. has lagged behind other developed countries, but that is starting to change.
Disclosure in Podcast Description: A Bond Account is a self-directed brokerage account with Public Investing, member FINRA/SIPC. Deposits into this account are used to purchase 10 investment-grade and high-yield bonds. As of 9/26/24, the average, annualized yield to worst (YTW) across the Bond Account is greater than 6%. A bond’s yield is a function of its market price, which can fluctuate; therefore, a bond’s YTW is not “locked in” until the bond is purchased, and your yield at time of purchase may be different from the yield shown here. The “locked in” YTW is not guaranteed; you may receive less than the YTW of the bonds in the Bond Account if you sell any of the bonds before maturity or if the issuer defaults on the bond. Public Investing charges a markup on each bond trade. See our Fee Schedule. Bond Accounts are not recommendations of individual bonds or default allocations. The bonds in the Bond Account have not been selected based on your needs or risk profile. See https://public.com/disclosures/bond-account to learn more.