The Angry Millionaire
Winegard HD7694P

Cut the Cable and Save Your Retirement

Have you ever considered cutting cable television and saving some money?  I find it extremely disturbing that more people are very familiar with terms like HBO, Showtime, and ESPN, however, they know little or nothing about 401Ks, Roth IRAs, 529s, stocks, bonds or mutual funds.  I hate to be the bearer of bad news, but choosing cable over retirement is not a wise financial decision.  However, by “cutting the cable,” you can probably save enough money to make a huge impact on your retirement without making a huge impact on your entertainment.  When I moved into my current house in October of 2013, I needed to turn on my utilities.  You know, the essentials… water, electric, gas, cable and Internet.  Cable?  When did cable become essential?  We all know and can agree that the Internet is practically a necessity these days.  Life is much more “inconvenient” without it.  However, you never hear cable companies promoting just Internet.  “Bundle and save!” they say.  However, there is no such thing as a free lunch and you are only saving if you bought all of their services separately.

Since I have no need for a home phone, (who really does?) I really didn’t need my cable company’s “TV/Internet/Phone Bundle plan.”  So I opted for high speed Internet and their mid-level high-definition (HD) cable package at $89.00 a month.  I figured that the monthly price wasn’t all that bad, so I signed up for 24 months to get their best “deal,” and the services were turned on.  A month later, a $123.00 bill.  What?  $123?  I thought it was only $79.00 a month!!!  What they don’t tell you is how incredibly expensive taxes are and, in my case, I was being forced to rent an HD decoder that converts their cable channels to 1080p resolution for my TV.  I called and asked if I could save some money and purchase the HD decoder.  “Sorry, but we only rent the decoders” is what I was told.  Of course you only rent the decoders, it is a money maker!  So I did what most people do…They complain to their friends!

After catching my a local friend of mine, I whined and cried to him about my atrocious cable bill and wanted some emotional comforting.  $123?  “That is cheap,” he stated.  What?  Cheap?  My friend goes on to tell me that his cable bill is almost $200 a month.  $200???!  What exactly was he watching!?  Come to find out, my friend has the top level cable, Internet and phone package.  I asked him if he really uses all of those things.  He said, “Not really, but it is nice to have.”  Nice to have?  Well bless his heart!  I am sorry, but I do not pay for things that are just “nice to have.”  “Nice to have” does not pay the bills nor funds the retirement accounts.  I knew there had to be a better way.  After looking online, I discovered that the normal over-the-air broadcast stations I watched as a child are now broadcasting in HD.  Really?  HD?  How do they do that?  The best thing is… it is free!  I like free.  My bank account likes free.  My retirement accounts, especially like free.

The fix

After spending more research on over-the-air HD broadcast television, I found a site called  It allowed me to search my area for local area HD broadcast transmitters.  It turns out that the Dallas, TX area has 18 HD broadcast transmitters.  18?  I had to see exactly what 18 transmitters could do for me.  My research also discovered that I was going to need an HD antenna to bring in those free over-the-air HD broadcast channels.  I did some searching and found the 1byone Amplified HD antenna at for only $29.99.  I purchased this antenna and patiently waited.

Indoor HD Antenna

Once my 1byone Amplified HD antenna arrived, I eagerly hooked it up.  I was amazed!  Even though there are only 18 broadcast transmitters in my area, I was receiving over 25 channels, all in HD!  Some of the channels, however, were not coming in as clear as I would have liked.  This was because my bedroom is located on the northwest side of my house and the transmitter antennas are located on the southeast side.  My solution?  I “needed” an outdoor HD antenna!  Now being a former electrician in the Navy and an Extra Class licensed Ham Radio Operator, I knew the tools and equipment I would need for such an installation.  The first thing I would need would be a good outdoor HD antenna!  I searched my favorite website and found the Winegard HD7694P High Definition VHF/UHF Antenna.  It received some really good reviews compared to the others.

Winegard HD7694P High Definition VHF/UHF Antenna

According to Amazon, the Winegard HD7694P has a reception capacity of 45 miles.  Since the HDTV transmitters in Dallas are approximately 25 miles away, I felt this antenna was a good choice.  Once the antenna came in, there was almost no assembly required.  Just simply move the antenna elements into their proper position.  Now, of course, I was going to need additional parts and tools.  Below is a list of the things I used:

8-Port Bi-Directional HDTV Amplifier/splitter – This will amplify the antenna reception and allow you to split the channel into 8 separate lines (1 for each of your rooms)
Ideal 33-793 Compression Hip Kit – This tool kit allows you to cut the coax cable and make the connections
Ideal Compression RG6 F Connectors – 50pk or reg/tri/quad coax cable – Self explanatory.  I like Ideal products.  They are of high quality and have never failed me.
50 ft RG6 coax w/ ground wire – Since I already had pre-existing coax that was ran from the out side of my house to the attic, I simply needed a piece to run from the antenna to side of my house.
Channel Master CM-1805 5ft Steel Antenna Mast – I used 3 sections, totaling 15 feet of mast.  Each end is tapered to all easy connection and expansion.
F Type 75 Ohm Terminator – 10 Pack – I used these to plug any unused jack on my amplifier/splitter

Optional tools:

Multimeter/Ohmmeter – I own a Fluke 115, and this allowed me to verify all of my connections, as well as I used it for all of my other electrical projects.

Without going into extreme detail, I mounted the antenna and ran the cable to a pre-existing coax cable that was on the side of my house and made the connection.  Using my multimeter, I located the same cable in the attic and connected it to the amplifier/splitter.  I found and connected all of the coax cable runs that connect the jacks in each room of the house and connected them to the splitter.  I powered the splitter from an outlet in my attic and then connected my TVs.  I adjusted the antenna to point southeast and set my TVs to “air” and selected auto channel scan.  If you have any questions about my setup, experiences, or need some technical assistance about installing an outdoor HD antenna, leave your questions in the comments below.

The results?

Shockingly, my TVs found over 50 channels, with most of them being in HD.  The main local channels are so clear in HD, you really cannot tell the difference between cable and broadcast.  Will watching only broadcast TV satisfy your entertainment needs?  Not really.  However, if you subscribe to or already have Internet streaming services like Netflix, Hulu, or Amazon Prime, broadcast TV will most certainly fill in the emptiness quite well.  Especially if you need some local new and weather information.  Will I ever go back to cable?  Unlikely.  The combination of the broadcast antenna with Internet streaming services fill all of my entertainment needs.  Besides, I spend more time in front of a computer, reading books or listening to podcasts/audio books than I do watching TV.  Also, keep in mind, just as with cable, not all 50+ channels I found were of my liking or language ability.  However, I was mainly concerned with the main stations and public broadcast channels.  Sesame Street anyone?

Can cutting cable really impact my retirement?

You bet it can!  Now if you are fortunate enough to have the ability to maximize all of your retirement accounts and still enjoy cable television, then good on you.  However, if you are choosing to pay for cable over funding a ROTH IRA or other retirement investment vehicle, then you are really losing out.  Look it up for yourself and do the math.  I was paying $123 a month on cable and Internet.  Now, I am paying $63.00 a month just for internet.  I am saving almost 49% or $60.00 a month.  $60 a month invested into a retirement account, such as a Roth IRA for the next 20 years at an 8% return will yield you around $35,000+ (your day of retirement may be sooner or later than mine)  My figures are hypothetical of course, however, that does not make the principle invalid.  I would rather have an additional $35K in retirement than pay for cable.  Wouldn’t you?

Cutting cable and saving for retirement chart

So what are your thoughts on cutting cable?  Have you ever thought about it?  Have you done it?  Do you miss cable?  Did you go back?  Leave me a comment and tell me about your experiences.  I would love to hear from you.

Until next time…KCMO…Keep Calm and Money On!

Johnathon Brady
The Angry Millionaire



  1. Szilvia says:

    Cutting cable? I have never thought about it. I know I dont live in U.S. but in Hungary cable is the only option. 88 digital channel + 28 HD channel + 100/50 mbit/sec NET + homephone is 16,25 USD/mounth. I know it is different situation but here is it the best offer.I am ok with it. Plus out block is on cable 😛 Arcticle is really intersting!

    • Johnathon says:

      Hi Szilvia,

      Thank you for your reply. $16.25 is much more affordable and what we are expected to pay here in the U.S. Out block? What is that? A new series? Thank you for stopping by and commenting. I appreciate it!

      Keep Calm and Money On,

      Johnathon Brady

  2. Szilvia says:

    Sorry Johnathon, it is “our block”. Mistake 🙂 Our block is on cable – this is correct. 16,25 USD/mounth is the minimum price in Hungary. Usually suburban houses use to cut cable. 🙂

  3. Sarah says:

    Great post Johnathan. The most powerful thing I learned about saving money is that the little amounts really do add up to a powerful LOT.
    In a recent post, I showed my readers how reducing any expense and saving the difference can (depending on how much you save!) help you invest enough to supply yourself with that thing for life, for free. ( For example, changing how you buy coffee could result in you getting free coffee for life. I think the principle is the similar to what you describe here.
    Hope you have a great weekend and thanks for sharing!

    • Johnathon says:

      Hi Sarah,

      Many would be surprised by how much we really spend on things. As long as you have a retirement plan as well as a disaster plan, you should enjoy the fruits of your hard labor. Getting out of debt is a wonderful thing, but just don’t miss too much your life’s journey doing it. I have heard from a couple that have lived on ramen noodles and crackers for half a decade just to get out of debt. That is quite an accomplishment until you find out that one of them passed suddenly. What enjoyable memories do you have for the past 5 years? Ramen noodles and crackers? Your life, as well as your finances, should be a balance. When you find that balance, you are truly enjoying your life. Thank you for commenting and good luck on your blog! By the way, we definitely have something in common. We both love Japan!

      Johnathon Brady

      • Sarah says:

        Thanks for your reply Jonathon. I completely agree. I have many wonderful memories from the last 5 years (and very few memories of eating ramen and crackers, lol!) but the best memories have come since we achieved the financial freedom to be able to quit our jobs and travel the world, which we’ve been doing for the past year.
        I think that it can be okay to really concentrate on saving and investing for a specified, limited period of time in order to achieve a goal like being able to quit your job or change jobs, something that will really bring in immense personal rewards. But I agree that it’s important to find things to enjoy along the way regardless – after all, we never know if today may be our last. And we don’t have to spend a lot to have a good time. (I worked out that, if you shop well, you can cook a chicken and vegetable stirfry for the same price as a packet of noodles anyhow, so why go for ramen? 😉
        Have a great day and keep up the good work!

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I am not a financial expert. All information on this site is documentation of my opinions, experiments and stupid mistakes and should not be taken as professional financial advice. Should you need that level of expertise, please contact a financial professional.