Look what my son bought me!!:
The Anthem Advance off-road racer made by Giant, retail price $6300. It’s a totally sweet, aggressive ride – and I can’t wait to get my hands on it.
It’s fantastic news, except for one thing: I’m not really getting it.
My son just finished a “Million Dollar Project” for his 4th grade class, where the teacher asked each of them to describe how they would spend $1 million if they could do anything they wanted with it. They then had to document all of their purchases, and write a balance sheet subtracting the dollar amount of each item, until they were completely out of money. Sounds like a pretty cool project for a 9-year-old, doesn’t it?
So he bought me the mountain bike, which he picked out because he knows I need one - and because, in his words, “It was the most expensive one I could find.” Of course, I nearly ruined the moment by listing a handful of more expensive bikes (that I just happened to know offhand, by coincidence) before my wife smartly jumped in and told me to drop it.
He also bought me a $500 Quintana Roo wetsuit, and set himself up with a $600 Specialized Hotrock mountain bike. You know what? I’m starting to think that watching all of those Xterra triathlons is finally having some effect on the kid.
Here were some of his other big ticket items:
· $100,000 to our church, because that’s what the Bible says (Is this really my son?)
· An RV so that we could go camping without having to sleep in a tent (OK - he’s definitely my son.)
· $100,000 worth of Tiffany jewelry for my wife (Hmm ... now he’s just making me look bad.)
· A $200,000 passenger ticket on Virgin Galactic's first spaceline flight scheduled for next year. (How cool is that? No one will ever accuse this kid of thinking small.)
He also bought dolls and toys for his two younger sisters, and he quickly realized that a million dollars is a lot of money to spend. His list has a huge amount of Legos and Star Wars figures, which caused him to do way more balance sheet subtraction than he ever intended.
He eventually figured out that it’s difficult to spend down exactly to zero, so once he got tired of subtracting, he sunk the remaining $137,820.04 into Walt Disney Company stock. I thought perhaps a lesson in a diversified portfolio was in order, but maybe they’ll teach that when he gets to 5th grade. At any rate, here’s how he justified the stock purchase and concluded his essay:
“Hopefully soon, I’ll have another million dollars to spend.”
Very well said. Maybe he’s got a bit of writer in him as well. Unfortunately, if that’s the case … that first million is going to be awfully hard to come by.
But I sincerely hope he makes it big someday - because I could really use a new mountain bike.