Would you quit skiing for $1,000,000?

[JTG]

Perhaps...but a mil now is also worth a lot more to Junior than it is to Warp. Assume either has the money to 80. If Junior didn’t spend a dime of the earnings, with compound earnings of 6.5% per annum, he’d have $50m by 80. Warp would have less than $2m. Or looked at another way, Junior could bank the principle and have $5m in earnings to spend over the next 60 years, whereas Warp might get to spend less than $1m.

 

[Benny Profane]

Explain please? I don't get what you are saying. How does the age factor in?

Hell, at my age I'd have to almost consciously spend it, with no kids.

Btw, as if 6.5% is going to be obtainable over the next decade, at least. Good luck with that.

 

[Harvey]

Old guys have a lifetime of skiing in the memory banks and less future needs to budget for.

Got it. I agree that the money has more cash value to the younger person.

And the old guy, might be more about quality time than money. I know I am. It really just hit me this year.

 

[Campgottagopee]

It's interesting this poll is split right down the middle
11 yes
11 no
1 greedy bastard

 

[MC2]

Pretty easy choice to trade 15 days a year

Now there’s your problem right there.

 

[Tjf1967]

I would give up skiing for a million. I love skiing but I love other things to. It certainly would allow me to retire a few years sooner.

 

[Campgottagopee]

It certainly would allow me to retire a few years sooner.

I'd be done tomorrow. Screw it.

 

[Benny Profane]

This season might result in the culling of a lot of older skiers who were almost done. A lot of sore knee elders who were dialing it down for a while might say, the first day they eat lunch in their car and use a port a potty in ten degree weather, (if even that), screw it, Florida/AZ here I come.

 

[Warp daddy]

Perhaps...but a mil now is also worth a lot more to Junior than it is to Warp. Assume either has the money to 80. If Junior didn’t spend a dime of the earnings, with compound earnings of 6.5% per annum, he’d have $50m by 80. Warp would have less than $2m. Or looked at another way, Junior could bank the principle and have $5m in earnings to spend over the next 60 years, whereas Warp might get to spend less than $1mwe

We are already Set for our lives and helping our children when we pass ,but i WOULD put it into an additional trust for my grandkids for when they reach a certain age .

 

[Warp daddy]

Old guys have a lifetime of skiing in the memory banks and less future needs to budget for.

Horsepucky !!!!! i call Age Discrimination, quick call the ACLU and AARP to rain down a shitstorm on Ted's fish Fry guy ????