We got Scarlett’s lifetime hunting and fishing (sportsman) license for NC the other day. Before she is 1 years old, we could purchase this for $200. While we were there (Walmart), we (my wife Mindy and me) also got our lifetime licenses for fishing. For us, just for fishing in North Carolina was $250 each. Sportsman was $500, if that gives you an idea of the price increase after a baby turns one.
I go fishing every year, usually trout fishing in Pisgah Forest or Mills River. Before now, I purchased a single year license every year for $35 so in 7 years I would have paid around $250. I no longer need to make this purchase and on the 8th year I’ll actually be saving money (given I live 8 more years, its a gamble I know).
It got me thinking, what are things that last a lifetime? Things that you could pay for once, but remain with you for life – worthwhile investments since your biggest asset is you. I couldn’t think of much.
- Any lifetime licenses such as hunting or fishing
- Training of any kind for skills that do no disappear as technology evolves (IE: flying, scuba diving, etc)
- Your house, if you manage to pay this off it should last the rest of your life
- Education on any subject (similar to training)