$318,497.38 for a pair of general admission tickets and an average parking pass

[Mr. Cooke]

What is the true opportunity cost of buying Skins season tickets? $318,497.38. For the record, I have a pair of tickets in section 403 and a green pass. Here are the variables:

-The tickets cost $79/seat, or $1,580 ($79 x 20)
-Prince George's County ticket sales tax of 11.25% (thanks to the Honorable Jack Johnson and PG County Council).
-A green parking pass for the year is $350 ($35 x 10 games)
-I've assumed ownership of the tickets for 30 years and an annual cost adjustment of 3%. Keep in mind that the average CPI over long periods of time has been 3.1%. Although the Skins have held ticket prices steady for the last few years, consider how much ticket prices have risen over the last thirty years (a much greater increase than the 3% assumption or historical CPI).
-I've used a 7.5% assumed compound rate of return if the money were invested and not used to purchase season tickets and parking passes. Throughout history, most every rolling ten year periods of time and every twenty year period of time markets have returned slightly higher than 10%
-Also, keep in mind that the money used to purchase our tickets/passes is after tax, and so had the funds been alternatively invested in a traditional IRA or 401K (both pre-tax) the aggregate amount would be much higher.
-And this excludes all the beer, hot dogs, Skins clothes etc. we purchase.


12011$2,107.00$2,265.03$2,199.05 22012$2,170.21$4,767.88$4,494.18 32013$2,235.32$7,528.43$6,889.58 42014$2,302.38$10,568.12$9,389.64 52015$2,371.45$13,910.03$11,998.92 62016$2,442.59$17,579.07$14,722.20 72017$2,515.87$21,602.06$17,564.45 82018$2,591.34$26,007.91$20,530.88 92019$2,669.08$30,827.77$23,626.92 102020$2,749.16$36,095.20$26,858.22 112021$2,831.63$41,846.34$30,230.69 122022$2,916.58$48,120.14$33,750.50 132023$3,004.08$54,958.53$37,424.09 142024$3,094.20$62,406.69$41,258.17 152025$3,187.03$70,513.25$45,259.77 162026$3,282.64$79,330.57$49,436.19 172027$3,381.12$88,915.07$53,795.08 182028$3,482.55$99,327.44$58,344.40 192029$3,587.03$110,633.05$63,092.48 202030$3,694.64$122,902.26$68,048.00 212031$3,805.48$136,210.82$73,220.03 222032$3,919.64$150,640.25$78,618.01 232033$4,037.23$166,278.29$84,251.84 242034$4,158.35$183,219.38$90,131.79 252035$4,283.10$201,565.16$96,268.64 262036$4,411.59$221,425.01$102,673.61 272037$4,543.94$242,916.62$109,358.40 282038$4,680.26$266,166.64$116,335.25 292039$4,820.66$291,311.35$123,616.91 302040$4,965.28$318,497.38$131,216.70

[ST21]

Watching the Skins beat the Terds....Priceless!!!

[PigSkins]

watching the skins beat the terds....priceless!!!

rofl

[skinfan2k]

imagine if you put that money towards your retirement

[SonOfWashington]

12011$2,107.00$2,265.03$2,199.05 22012$2,170.21$4,767.88$4,494.18 32013$2,235.32$7,528.43$6,889.58 42014$2,302.38$10,568.12$9,389.64 52015$2,371.45$13,910.03$11,998.92 62016$2,442.59$17,579.07$14,722.20 72017$2,515.87$21,602.06$17,564.45 82018$2,591.34$26,007.91$20,530.88 92019$2,669.08$30,827.77$23,626.92 102020$2,749.16$36,095.20$26,858.22 112021$2,831.63$41,846.34$30,230.69 122022$2,916.58$48,120.14$33,750.50 132023$3,004.08$54,958.53$37,424.09 142024$3,094.20$62,406.69$41,258.17 152025$3,187.03$70,513.25$45,259.77 162026$3,282.64$79,330.57$49,436.19 172027$3,381.12$88,915.07$53,795.08 182028$3,482.55$99,327.44$58,344.40 192029$3,587.03$110,633.05$63,092.48 202030$3,694.64$122,902.26$68,048.00 212031$3,805.48$136,210.82$73,220.03 222032$3,919.64$150,640.25$78,618.01 232033$4,037.23$166,278.29$84,251.84 242034$4,158.35$183,219.38$90,131.79 252035$4,283.10$201,565.16$96,268.64 262036$4,411.59$221,425.01$102,673.61 272037$4,543.94$242,916.62$109,358.40 282038$4,680.26$266,166.64$116,335.25 292039$4,820.66$291,311.35$123,616.91 302040$4,965.28$318,497.38$131,216.70

wat

[GhostofSparta]

12011$2,107.00$2,265.03$2,199.05 22012$2,170.21$4,767.88$4,494.18 32013$2,235.32$7,528.43$6,889.58 42014$2,302.38$10,568.12$9,389.64 52015$2,371.45$13,910.03$11,998.92 62016$2,442.59$17,579.07$14,722.20 72017$2,515.87$21,602.06$17,564.45 82018$2,591.34$26,007.91$20,530.88 92019$2,669.08$30,827.77$23,626.92 102020$2,749.16$36,095.20$26,858.22 112021$2,831.63$41,846.34$30,230.69 122022$2,916.58$48,120.14$33,750.50 132023$3,004.08$54,958.53$37,424.09 142024$3,094.20$62,406.69$41,258.17 152025$3,187.03$70,513.25$45,259.77 162026$3,282.64$79,330.57$49,436.19 172027$3,381.12$88,915.07$53,795.08 182028$3,482.55$99,327.44$58,344.40 192029$3,587.03$110,633.05$63,092.48 202030$3,694.64$122,902.26$68,048.00 212031$3,805.48$136,210.82$73,220.03 222032$3,919.64$150,640.25$78,618.01 232033$4,037.23$166,278.29$84,251.84 242034$4,158.35$183,219.38$90,131.79 252035$4,283.10$201,565.16$96,268.64 262036$4,411.59$221,425.01$102,673.61 272037$4,543.94$242,916.62$109,358.40 282038$4,680.26$266,166.64$116,335.25 292039$4,820.66$291,311.35$123,616.91 302040$4,965.28$318,497.38$131,216.70

I know those numbers signify something, but for the life of me, dude, I can't figure it out. You might need to clarify that, or at least clean up the format a little if the point is in there.

[Jeeb]

This is kind of dumb, if you don't want to spend the money on it don't. You could make a similar argument about any hobby ever or anything entertainment wise you would spend your disposable income on. THINK OF THE MONEY YOU WOULD SAVE!!

[Mark The Homer]

Sorry, you're going to have to do it over. The county tax is ten percent.

[illone]

I saved 115K by quitting smoking.



Pretty much any weekly, or daily expense extrapolated over a large sample size like 20-30 years is going to be a sticker shock type number.

You spent a couple hundred bucks a week to watch your favorite team play

[hieverybody]

That could buy one big tv.

[PlayAction]

This is kind of dumb, if you don't want to spend the money on it don't. You could make a similar argument about any hobby ever or anything entertainment wise you would spend your disposable income on. THINK OF THE MONEY YOU WOULD SAVE!!

Fast forward thirty years when you'll start thinking about "planning" for retirement. "How come I don't have any money?"

[CurseReversed]

Sorry, you're going to have to do it over. The county tax is ten percent.

hahaahah good stuff. With the financial calc it would only take him a minute anyways, but still. lol

Man when you put it like that you can see that it truly does add up to that much, crazy. just goes to show how the small things now can affect the future so greatly when they are amortized.

[Mr. Cooke]

Sorry, you're going to have to do it over. The county tax is ten percent.

Mark,

With apologies and an adjusted PG County tax of 10%, the final opportunity cost is a mere $315,625.

To a couple others: OK, I'm not the best (or even good) enough to re-format. But moving left to right...

-The year is indicated first ex:12011, 22012, 32013...

-The second value represents the EOP Savings Balance.

-The inflation-adjusted balance is indicated third.

As to the merit or futility of this exercise, it's just a thought. As indicated, I'm a season ticket holder. And to reiterate this is after tax money. On a pre-tax basis, it's closer to a half million dollars over a 30 year period. How many of us max out our work 401K's and fully fund our IRA's before we purchase season tickets/parking?

Private industry has for the most part eliminted defined benefit pensions, the average savings rate in this country is extremely low, the Social Security Trust Fund will be insolvent in 2041 without significant changes and most people in this country believe that their retirement will be a struggle. Imagine having an additional $315,000 after taxes or a half million before taxes down the road.

Semper Fi

[elkabong82]

I pay $3.25 a week for milk. In one year that's $169 just on milk. Over 30 years, w/o adjusting for inflation, that's $5,070 for milk. $5K for milk! I'm just going to quit milk.

[Skin'Em84]

Shoot, I pay 200 a month on electricity. After a year, that's 2400, after 30 years that's 72,000 bucks!

I should quit having electricity.