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 20 million dollars in exchange for 20 years
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Joe Salter
Level 3


USA
691 Posts

Posted - 09/11/2012 :  21:03:47  Show Profile  Visit Joe Salter's Homepage  Reply with Quote
If you won 20 million dollars and had to accept the money based on one condition; you would have to accept that you would live 20 years less automically once you get the money than if you don't take the money?

Is 20 million dollars worth giving up the last 20 years of your life? Would the opportunities and burdens/freedom of having that money be worth living a shorter life?

What would you do?

Joe S.

Mike Fisher
Level 3



USA
640 Posts

Posted - 09/12/2012 :  09:49:44  Show Profile  Send Mike Fisher a Yahoo! Message Send Mike Fisher a Private Message  Reply with Quote
Joe, you shouldnt stay up late at night watching cable tv....hahahaha

oh and no I wouldnt.

Mike
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Dave Altman
Administrator



Georgia
621 Posts

Posted - 09/12/2012 :  10:45:08  Show Profile  Visit Dave Altman's Homepage Send Dave Altman a Private Message  Reply with Quote
I think people make that decision all the time and not even for 20 million. They sell their life and happiness for much less. How many people "work themselves to death," not like in a physical sense, but by working too many hours, in a job they hate, under self-imposed stress; and ignoring their own health, family, and other personal relationships?

We all need money to live, but if that is our main goal of living, we don't really have a purpose for being alive.



"A successful individual typically sets his next goal somewhat but not too much above his last achievement. In this way he steadily raises his level of aspiration." ~Kurt Lewin
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Joe Salter
Level 3



USA
691 Posts

Posted - 09/12/2012 :  15:46:32  Show Profile  Visit Joe Salter's Homepage  Reply with Quote
Mike, was the 20 million dollar idea on tv? :) I just thought of it in my head. These days I can't manage to stay up late enough to catch my favorite shows like Conan and others...

I don't think I would either. That's 20 years of less juggling! That would stink... Plus, I want to have more time for grandchildren, so it's a no for me.

Very true, Dave. The lust for more money and things does rob us of a balanced life. Yet, on the other hand I value quality over quanitity. I'd rather live 50 great years than 70 mediocre or bad ones. The answer to this question would definitely depend on the person's life situation. I can see how a poor person might take the 20 million and share it with his or her family in order to improve their quality of life in exchange for a shortened life span.

I don't think it would be necessarily bad to pick to have the 20 million. Some people might really enjoy their life better and use the money wisely and for good causes like helping others out or starting a business or whatever, and they might actually have a much better life because of it. It would all depend on what the person was like BEFORE they got the 20 million and the people he or she lets get a portion or the money.


Joe S.
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Dave Altman
Administrator



Georgia
621 Posts

Posted - 09/12/2012 :  16:42:20  Show Profile  Visit Dave Altman's Homepage Send Dave Altman a Private Message  Reply with Quote
You are taking about a hypothetical thought experiment, like if you could save an old lady or the Mona Lisa out of a burning museum, but you can only save one, which one would you pick?

I am talking about real choices, not made up impossible or illogical ones. Skipping life so that you can enjoy your golden years doesn't work out for everyone. Lots of people die before they have ANY golden years. I know several people that have died in their 50's or younger. It's smart to plan for later, but don't forget to live for the day, either.




"A successful individual typically sets his next goal somewhat but not too much above his last achievement. In this way he steadily raises his level of aspiration." ~Kurt Lewin
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Joe Salter
Level 3



USA
691 Posts

Posted - 09/12/2012 :  20:26:33  Show Profile  Visit Joe Salter's Homepage  Reply with Quote
Yes, it was just a hypothetical thought experiment.

What is illogical about the one I used? I understand that it's hypothetical, yet it's not entirely impossible though either because it could actually be arranged. Although, it's not likely to ever happen.

How do you skip life to live for the golden years? You mean just look forward to retirement and try to get the earlier years done as fast as possible?

Yes, lots of people die much earlier than expected.

I agree with you about planning for the future, but yet, you need to live and enjoy the present also.

Joe S.
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Dave Altman
Administrator



Georgia
621 Posts

Posted - 09/12/2012 :  20:43:17  Show Profile  Visit Dave Altman's Homepage Send Dave Altman a Private Message  Reply with Quote
What IS logical about your example, Joe? How or where would you win 20 million dollars and who is going to put that one condition on it? None of it makes any sense! ;0) It would be impossible. How are you going to tell when someone is going to die then make sure they die twenty years before that? You can't determine anyone's death date, so you can "automatically" make sure they die before that date.

I meant that people put off enjoying life, waiting to do it in some future time that they may never live to see.


"A successful individual typically sets his next goal somewhat but not too much above his last achievement. In this way he steadily raises his level of aspiration." ~Kurt Lewin
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Joe Salter
Level 3



USA
691 Posts

Posted - 09/12/2012 :  22:15:19  Show Profile  Visit Joe Salter's Homepage  Reply with Quote
Yes, I see where you're coming from. It is just an idea, I am just saying that someone agreeing to get 20 million dollars in exchange for 20 years of life is logical. Yet, yes, we don't know when we are going to die, so it would be impossible I guess to know when to "say okay it's time to go" you're going to die at 94, and you're now 74, so let's get to it :) I am just presenting it as a question to ponder. The structure of it does contain logic which is the defintion: application of reason through rational thought. Forget about whether or not we can predict our death. The point is to think about what would make you choose one over the other and why. The decision hopefully would be based on rational thought.

It's entirely unlikely, but a person could have 20 million and offer it to another person and say, here it is, but you have to agree to beat yourself to death with a P90X Deco club when you're 56. Let's just say the person was assumed to live to 74.

I see your critique about it's pretty much impossible to predict when the 20 years would start, because we can't pinpoint someone's life expectancy with full acuracy. I agree, that part is not very logical. But the idea of trading your time or years of your life for something else is pretty straight forward and logical.

For example, would you agree to be paid a certain amount of money to juggle only once a year? Or would you take a certain amount of money to give up "such and such" (you fill in the blank) That's the basic logical hypothetical question I am presenting. I am you pointed out some good real life scenarios where people do this all the time. We always are giving up something for something else. Or, spending our time on something while having to be away from another thing. It's just interesting to consider how people value their "years" "time" "money" and other variables, and how they would hypothetically or literally exhange one for another.

Joe S.
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Dave Altman
Administrator



Georgia
621 Posts

Posted - 09/12/2012 :  22:35:40  Show Profile  Visit Dave Altman's Homepage Send Dave Altman a Private Message  Reply with Quote
Yeah, the last paragraph of your post is basically the same thing I said in my first post on this subject. A balance life is finding that sweet spot between time and money. Most of us have to devote a fair amount of our time to make money so that we can have our basic needs met and to be able to afford a few nice things during the little bit of time we have left, both in the short term and our total time left.

I err on the time side. I don't make much money, but I do have more time to enjoy, or to worry, depending on my mood. Some people stockpile more money, but they have very little time to enjoy it, and although it is hard to calculate, I bet some of them do die 20 years earlier, do to stress, lack of exercise, and other bad lifestyle habits. For example, some people work like crazy, then party equally as crazy on the weekends. That takes its toll. I rarely party like crazy and definitely not every weekend. All my days are basically the same. When and how much I work has very little to do with what day of the week it is, or if it's a holiday, or not. Sometimes I work more on holidays, since that is when other "normal" people are off and want to be entertained.


"A successful individual typically sets his next goal somewhat but not too much above his last achievement. In this way he steadily raises his level of aspiration." ~Kurt Lewin
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Mark Kolbusz
Level 5



USA
2076 Posts

Posted - 09/13/2012 :  13:28:39  Show Profile  Visit Mark Kolbusz's Homepage  Reply with Quote
I would take the money...I dont want to be around to see what the world is like in 60 years


T.B.M.
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Dave Altman
Administrator



Georgia
621 Posts

Posted - 09/13/2012 :  13:36:14  Show Profile  Visit Dave Altman's Homepage Send Dave Altman a Private Message  Reply with Quote
60 years? Hmmmm, you might not be around then, Mark. How are you feeling today? You think you have 60 years left in your old body? Going by your profile pic, you're little a little worn out already.

I could possibly make it another 60 years, but probably no more. Unlike you, Mark, I would love to see what the world is like 60 years from now. Surely, some things will be worse, but there might be a few amazing things that are only dreamed about today.


"A successful individual typically sets his next goal somewhat but not too much above his last achievement. In this way he steadily raises his level of aspiration." ~Kurt Lewin
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Mike Fisher
Level 3



USA
640 Posts

Posted - 09/14/2012 :  10:45:19  Show Profile  Send Mike Fisher a Yahoo! Message Send Mike Fisher a Private Message  Reply with Quote
No Joe it wasn’t, just thought maybe you had been up watching late night horror movies that resulted in your seemingly sudden....from my end....infatuation with mortality and death.

I'm joking of course.....Mike
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Joe Salter
Level 3



USA
691 Posts

Posted - 09/14/2012 :  23:08:42  Show Profile  Visit Joe Salter's Homepage  Reply with Quote
Hey Mike. I see... I get it now :) Yeah, I guess I did start coming out with a lot of heavy mortality and existential pondering quetions :) I guess it only seemed fitting since the forum is "dying" on Dec 21st. (No, I am not getting suicidal because the forum is closing or all of a sudden questioning my life meaning and mortal existence) Haha :)

Oh, by the way, I used to be a horror movie fan. (Texas Chainsaw Massacre, The Shining, Friday the 13th). Texas Chainsaw Massacre is my all time favorite since I was little. That explains a lot probably...

Joe S.
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Joe Salter
Level 3



USA
691 Posts

Posted - 09/14/2012 :  23:11:41  Show Profile  Visit Joe Salter's Homepage  Reply with Quote
quote:
Originally posted by Mark Kolbusz

I would take the money...I dont want to be around to see what the world is like in 60 years


T.B.M.



Glad to see someone going for the money. I bet a majority of people would do the same.

Mark, in 60 years, I will working on 5 clubs in a nursing home using your Renegade 105mm's you gave me. And, probably still honing my 5 ball overhead form, which might go down in history as the worst ever.

Joe S.
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