
Back in the early 90s I bought Pearl Jam’s ‘Vs’ on CD. It was a great album that I’ve listened to regularly ever since.
I know subscriptions for all of our cultural artefacts are the in thing in the mid 2020s, but have we stopped to think about what that is going to mean as we reach old age?
Nothing to show for it
On the surface, £10 or $10 per month seems harmless enough, especially when access to the vast majority of the world’s music is (theoretically) available to you.
However, over the course of 40 years, that’s going to set you back nearly five grand in today’s money. Fine, that’s not so bad, until you realise the music stops as soon as the money stops.
Let’s add in the ten bucks a month for the movies you no longer own. Yes, these are a little more complicated because when I first started buying CDs we were also buying movies on VHS. Things have moved on a bit since, but DVDs still work fine if you don’t care about the resolution.
So, we’re up to twenty bucks a month in today’s money. We’re just shy of ten grand now, still with nothing to show for it.
Oh, but not everything is on one service. You’ll want Netflix, Disney, maybe Amazon Prime as well to cover most of the bases. Disney’s six bucks, Prime is nine bucks, so that’s fifteen bucks per month. What are we up to now?
Ten, ten, six, nine...wait, that’s thirty five bucks a month, every month for perhaps forty years. We’re not far off seventeen grand now. The scary part is, if that money had gone into a savings account at a reasonable 4% per month, you would be looking at £41,507.
A friend of mine bought the same CD around the same time as I did. He still has his. It still works great.
I however, traded all of mine in back in 2018 when I discovered minimalism, but that’s a story for another day.
It turns out, music and movies were what I valued, so now I can focus on getting rid of everything else. See, Minimalism™.
Paying for time
On the surface, the idea of a subscription isn’t too unreasonable. For the people who voraciously consume as much new music as they can, there’s a lot of value to be had in a subscription.
However, I know that I tend to listen to the same three to five albums heavily per year, along with the old favourites --Paradise Lost and Pearl Jam’s back catalogue mainly. The economics of a subscription start to make less and less sense for my consumption habits.
When it comes to movies and TV, the numbers don’t add up at all. Twenty five bucks a month for maybe one or two good series, maybe one or two good movies? What we are paying for is the hope of continuing to access them, only to find they’ve been removed from the service when we go looking for them.
What often gets missed in these cost discussions is, all being well, most of us are going to be around for a really long time. If I buy that CD in 1993, but I’m still using it in 2050 or beyond, let’s say 60 years, that £41,507 inches closer to £105,132 thanks to the power of compounding.
We’re over £100,000 now, over a lifetime of music and movies. Still with absolutely nothing to show for it.
An exercise
I want you to humour me for a minute. I want you to think about ten albums that have left an impression on you. Ten CDs (or vinyl if you prefer) that you would carry with you for the rest of your days.
Then have a look on eBay or any of the used marketplaces in your area and see how much it would cost to build that collection.
Chances are it’ll be less than a single year of your chosen music subscription, but it will be yours forever.
When you reach your pensionable age, you could use the money you saved to buy...well, anything you like, you’ve got £100,000.

Closing thoughts
I started writing this as exercise for myself. I had the idea in my head, but I never really sat down and looked at the numbers in any great detail.
Truth be told, they kinda scared the crap out of me. I had somewhat casually started racking up subscriptions for various things, not really taking the long view about it.
I would have a purge every now and again, but they would slowly creep up over time. To think that £35 per month compounds to over £100,000 in a lifetime is more than a little alarming to me.
I feel another purge coming on...
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