Miles vs. cash: annuity scenario
Nov 7, 2014, 7:20 am
#1
Original Poster
Join Date: Aug 2006
Programs: SPG Gold
Posts: 162
Miles vs. cash: annuity scenario
Suppose you won a lottery type thing where they pay you out monthly over your lifetime (or at any rate, over a very long period) and were given the choice:
1,000,000 miles a month or:
$20,000 a month
where miles = any American based program including TY, MR, UR etc.
Which one would you go for?
1,000,000 miles a month or:
$20,000 a month
where miles = any American based program including TY, MR, UR etc.
Which one would you go for?
Nov 7, 2014, 8:16 am
#3
Moderator: Travel Buzz
Join Date: Aug 2012
Location: Sunny San Diego
Posts: 3,099
Cash... no doubt about it! Miles are great, traveling is terrific, but cash is king. For 20K a month, you can buy those flights retail and have plenty of change left over to eat, get a car, pay your mortgage, etc.
Nov 7, 2014, 9:14 am
#4
Join Date: Jul 2012
Location: DFW
Programs: UA 1K, HH Diamond, AA PLT, DL Silver
Posts: 427
Cash, obviously. I don't have the time off to burn 12,000,000 miles a year. Even if bought tickets for the extended family.
With the cash, I can maximize the enjoyment of my time off for travel in addition to utilizing the assets for things other than travel (gasp!)
With the cash, I can maximize the enjoyment of my time off for travel in addition to utilizing the assets for things other than travel (gasp!)
20k please
Nov 9, 2014, 6:23 pm
#12
Join Date: Apr 2012
Location: Canada
Programs: AC E50k, A3*G, UA*S, MR Titanium, HHonors Gold, Carlson Gold, NEXUS
Posts: 3,669
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Go on...
Originally Posted by Centurion
Take the cash as a mile will be soon be worth no more than a penny even for creative flyertalk members. I could have flown to paris this week for under $1500 usd in First
Nov 10, 2014, 5:23 am
#13
Join Date: May 2010
Posts: 688
Suppose you won a lottery type thing where they pay you out monthly over your lifetime (or at any rate, over a very long period) and were given the choice:
1,000,000 miles a month or:
$20,000 a month
where miles = any American based program including TY, MR, UR etc.
Which one would you go for?
1,000,000 miles a month or:
$20,000 a month
where miles = any American based program including TY, MR, UR etc.
Which one would you go for?