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what is the minimum amount of money (post tax) you would accept in exchange for shaving off 1 Year from your Lifespan? the deal is this: you obviously do not know when or how you will die. but in exchange for money, the death event is simply accelerated by 1 year. you will continue to not know when you die, but just know you will die 1 year earlier. situation is this: auctioneer is going from lowest price and higher and you must tell your agent your MIN amount to start bidding for this deal. what do you do?#tc #stock #rsu #bitcoin #401k
Few ways to look at this. 1. From my current TC 2. From potential win in the future (if I win the lottery and am worth 1 billion, then I might have just sold a year of my life for nothing) 3. Life is priceless (lol) 4. It's better to have money now while in good health than money when it's too late.
This is a totally illogical argument. Just humor me for a second - if someone offers you $5,000,000, in exchange for your life today, would you take it? Assuming there is no villainous character holding your near and dear in exchange for the ransom.
What would happen to my life? If I can remain similar or go to some third world country then sure
What would happen to your life? It will end. Do you know what that means?
We're all giving our years away for relatively shit pay already, so I'd take 50m for 1 year so that the rest of my years aren't spent wasted on working for other idiots.
^this
5 million would allow me to be FI today anywhere I'd want to live. To get to a similar level of wealth I'd need to continue the FANG grind for another 15 years or so. I'd say that 15 extra years of financial independence is easily worth 1 year of my life (especially if it's just shaved off the end).
Better to live a healthier, shorter life than a long miserable one. However it doesnât cost much to be healthier and unfortunately no amount of money can guarantee physical and mental health.
Not knowing when you will die makes this risky. If you are very healthy up to age 120, and then have a long tail decline on death bed comatose from age 120 to 125, then the deal for 1 year of your life is arguably worth a lower MIN. But if you will die in your prime years from a car accident, no amount of money will be worth it. This auction unfortunately does not reveal when your natural death would be, so you have to weigh the risks...
itâs an unknown variable, and the assumption should be made looking at the general likelihood. Assuming you are not in a war zone, a gang member or any other job which runs the risk of death, most regular people die of natural causes and old age (as opposed to untimely accidents). Thus, isnât itâs a reasonable assumption that your death will be of natural causes?