Can a lifetime membership save money?
Can a lifetime membership save money?
Sources:
Yes, a lifetime membership can save money, depending on various factors. In a discussion from the 149R | Whole Life Insurance on the ChooseFI, an example is given of someone who paid $3,500 for a lifetime CrossFit membership instead of the regular $150 per month. This resulted in saving $1,800 a year, yielding a 51% return on investment. The individual also set up automatic investing for the $150 monthly savings, accelerating their financial independence goals further. However, the savings depend on staying consistent with the membership and location stability 1.
It highlights how strategic financial decisions, like opting for a lifetime membership, can be advantageous if the conditions align with long-term goals.