A woman recently posted an ad on Craig’s List here in NYC asking for advice on how to find a rich – and by rich she means really rich – husband. She’s found guys who make $250k a year, but
“$250,000 won’t get me to Central Park West,” she said, asking questions like “where do rich single men hang out?”
A rich guy responded:
“Your looks will fade and my money will likely continue into perpetuity … in fact, it is very likely that my income increases but it is an absolute certainty that you won’t be getting any more beautiful!” the banker wrote.
“So, in economic terms you are a depreciating asset and I am an earning asset,” he said. “Let me explain, you’re 25 now and will likely stay pretty hot for the next 5 years, but less so each year. Then the fade begins in earnest. By 35 stick a fork in you!”
“It doesn’t make good business sense to “buy you” (which is what you’re asking) so I’d rather lease,” he said.
Both posts have since been removed from Craig’s List, but the lesson is indelible.
(Thanks to Lena for the tip!)