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Assuming you’re buying a single line and all the prices do not change for 30 years, which is highly unlikely.
Math time
Output
Still, even with this rough math above, you’re saving around 20,000 dollars. If not more if we add in inflation.
Pro Tip
Instead of Losing $20,000+, Let's Make $100,000+
Let’s assume you save 50 bucks a month by switching your phone plan. If you took that $50 and invested it in the S&P500 (at a 10% return) for the 30 years shown above, it would total $113,000.
So now, instead of paying the phone companies and losing $20,000+. You end up after subtracting the phone service in the green $106,000 dollars. I don’t know about you, but that sounds like an excellent financial decision. The key to any good financial decision is not to rely on luck but to consistently make small progress over a long period.
