Monday, January 7, 2008

Once in a lifetime

How much would it take for you to sell a once-in-a-lifetime opportunity? If you won your choice between a pile of cash and a non-transferable chance to fly to and land on the moon, how much money would it have to be before you'd strongly consider taking the cash? A million dollars?

I think I'd sell out for less... one or two hundred thousand, maybe. (Of course, the trip would sell for far more than that, but the conditions said that wasn't an option.)

6 comments:

stolee said...

Two hundred thousand is still steep for me. I'd have trouble asking for much more than six figures, but would definitely try a million. Cash can be invested and lead to a long life of little joys (and no worries about money) that a single experience cannot beat.

g said...

I'm with stolee ...

A certain amount of money might afford you other opportunities that might not be as expensive as the once-in-a-lifetime one, but they might mean more or be more beneficial.

It depends on the situation, but I don't think I'd settle for lower than $500,000.

Travis said...

A "couple hundred thousand," after taxes got their way, would leave me with a little over a hundred thousand dollars. Certainly that's a lot of money, but I don't know how much total impact it would have on my life since I'm in debt for far, far more than that. It would make life easier down the road OR get me some fun things now, but certainly not get me to a point where I'd say I had "no worries about money." Thanks to taxes, I'd probably need a million to be able to say that.

(If I won a trip to the moon, would I have to pay gift taxes or something on that? That would make it pretty prohibitive. I don't know how these things work, and it's not really relevant to me anyway...)

Anonymous said...

I feel questions like these cannot be meaningfully answered in the general hypothetical. And the Moon example is bad to boot because the Moon is, well, boring.

Further, I'd say that IF a man can say, in the general hypothetical, "why of course I would probably favor a pile of currency rather than a once-in-a-lifetime experience because, well, just think of the benefit analysis", then that is a very, very boring man indeed.

Have some fucking imagination, people.

Travis said...

Some questions can be interesting to think about for a couple minutes even if you can't realistically answer them.

g said...

Allow me to translate anonymous's comment for the rest of us:

"Waaah! Da moon is boring! U r all boring! I gots more intellagence then u becuz I dont like to analyse questionz that requre analyzis, I just liek 2 B right on teh Intarnets! O, an i dont hav a point! But I gots moer imaginationz! Waaah!"