Would you trade 2 years of your life for $1,000,000 in cash?
Say the devil gave you the option of sacrificing two years of your life for a million bucks (tomorrow you wake up 2 years older and with a lotto ticket in your hand that ends up being worth $1 M after taxes) - would you take it?
I think it'd be very tempting. $1 M now would compound to around $7 M after 30 years at a real interest rate of 7%, so I could probably retire a good 5-10 years earlier. But on my death bed, I'd sure as hell be willing to give up any amount of money in the world to live for another two years.
Thousands of people sign up for this deal year after year for a lot less than 1M. It's called IBD.
You're right. in IBD you don't sleep for two years, and by the end of it you physically aged 5.
As a turtle I often live to be 150 so I'd say yes
Not to split hairs, but I believe Blastoise is a tortoise.
I know people that joined the army for the $10,000 bonus
stupid question
Yes, I would.
Well people who joined the army aren't really people, they're just soldiers. Their lives are obviously worth less.
FUCK YOU!! That is all.
I have at one point actually been very close to death I would say that after being in that position you would give all the money world to live even just a few more days with the people you love.
Depends on whether "2 years of your life" means you die 2 years sooner (75 vs. 77 for example) or you are 2 years older right now (26 vs. 24 for example). In the first case, I might be tempted. In the second case, which is what you seem to be talking about, I would not. These are supposed to be the best years of our lives.
Well considering we are supposed to die again on Oct 21st I'll say no
I'd sign that contract right now.
Then I'd spend $750,000 on models and bottles, saving $250,000 for a place in a bunker before December, 21st 2012.
Id do living 2 years less for a m now, so dying at 75 instead of 77.
giving up 2 years right now for a m, not so much.
for 5m wed be talking but a m is nowhere near enough to compensate for 2 years being gone without any other benefit.
IBD might be a shitty 2 years but u still get compensated alot more than a m in future earning potential and skills you acquire.
Yes. Yes I would.
I would do 5 years for 1 million SHEAT.
I would compare this to taking a job that paid $500k/year for two years knowing that you would not be allowed to leave the office or develop any personal relationships. It would effectively be like missing two years of your life. Now think about what the all-in comp is for analysts and I think you'll figure out how many people would say yes to this. Before you try to say that being an analyst opens doors to make even more in the long run, so does $1m. This is an easy answer. For those of you saying you would pay anything to get back two years on your deathbed, you'll be able to retire at least two years earlier and enjoy more time with them than you would have if you were still working.
Depends on my age. I can't even remember my first two years college so I missed it for free. Scratch that. It cost me dearly in beer money.
No, money Is just paper. A million is chump change, my time here on this earth is priceless.
Heres the real question, would you know you are two years older? If I wasnt aware that I was actually two years older I would do it. Its the easiest million you will ever make for fucks sake.
lol WSO probably not the best place to ask this question. you are basically describing everyone on this board except we are doing it for less $
actually not a bad trade if you think about it -
you dont really know how long you are going to live (62, 75, 84, 92?) and so the expected utility from those distant years is pretty low because of the high uncertainty.
Therefore, lopping 2 years off your life expectancy probably wont move the needle too much in terms of lifetime expected utility, and the increase in MU from an additional $1,000,000 might well out weigh the loss of expected MU of the last two years of life.
Another way to approach
Would you pay $1,000,000 in cash to extend your life by two years? if you would, then the MU of those two years is >$1,000,000 so you wouldnt take the $$$. if you wouldnt pay the million then you should be willing to accept $1,000,000 for two fewer years of life. [slightly off in terms of discounting but a good approximation in terms of original problem]
Economics is great...you can use it to justify anything!
Well after I've made my millions, I would be willing to spend the remainder of all my assets to live another two years, will is likely to have a future value of over a million dollars. But regardless, you can't consider two years of youth equal to two years of old age. They are simply different goods.
Look at it this way, you give up 2 years of your life now and get a million bucks in return. You then spend that million bucks over the next two years partying your ass off and you will easily recapture those two years and most likely 4 or 5 more years worth of life experiences in those two years. So 2 years of life experiences is less then the possibility of 7 years worth of life experiences. Therefore you take the million dollars and you go balls to the wall for 2 years after.
I would take it in a heartbeat.
And to those who think that you'd be less willing to take it now than at 75, I think you are seriously mistaken. I think at 75 you would give a shit less about money and (if you lived well) would basically want to cherish the rest of your time on earth. At 24, time is ample, money is not.
You mean the Devil is now accepting two years as payment for a million? WTF!? I gave him my soul in '06 for a million (interest rates were attractive at the time). Soooooooooooo mad right now...
Thanks for the advice guys. I have made my decision and will tell Satan tomorrow. Hopefully he doesn't add any obscure clauses in the fine print.
it is not just ANY 2 years of your life, it's two years right after college. starting in banking makes the transition from college even more brutal in some ways in my opinion. my buddies in marketing engineering etc. are still able to hang out with college friends, hit up house parties etc. they can take a day off here and there if there is something going on, and can at least plan shit for the weekend. in banking you can't do any of that.
i kind of feeling like i am losing touch with so many of my college friends, and feel kind of left out. so these 2 years of slavery when you are 22 right out of college are pretty brutal.
Million isn't worth much to financial professionals that are already pulling in a lot of money or expect to in the near future. Outside of the world of the "elite," I think you would be hard-pressed to find people who wouldn't accept the trade. There are so many people out there that struggle to save even a few thousand dollars a year, let alone a million. Many of them have their lives dictated by money and two years would be a small price to pay for decades of financial stability.
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