They say money can’t buy happiness. Maybe not, but what if it could buy true love?
Apparently some men are willing to pay $20,000 to find their true love. I would be hesitant to spend $20,000 on anything, much less a dating service. Especially since Match.com is only like $20 a month. However, the article claims that 88% of the clients meet their eventual spouse in the first nine months. If I have a 90% chance of meeting the person I intend to spend the next 60 years of my life with, it just might be worth it.
Before I go any further, I need to mention that I have a girlfriend (sorry ladies) and am not looking for a new one. However, I’d like you to humor me for the rest of the post as I pretend I am single and completely unattached.
It Makes Perfect Financial Sense
From an economic point of view, this could be the best investment I ever make. My perfect woman is almost certainly going to be one with a job. If I marry a girl with a good job and we combine our income, I should have my $20k back in just a few months. Then anything she earns for the rest of our lives is straight profit. Who wouldn’t want to get in on an investment that pays you back in under a year and then provides up to 60 more years of gains? Although if she is loaded with debt, this kind of changes the equation.
Maybe I would make that one of my prerequisites; I can tell the agency that I only want to be introduced to ladies that have a net worth of at least $20k or more. This way, as soon as I marry her I will have at least my initial investment back, and possibly more.
I’m joking here, but only partially. Honestly, marrying someone and adding a second income is one of the best ways to increase your net worth. From a financial perspective, unless they fix you up with someone loaded with debt and children, anyone should make their $20,000 back pretty easily.
How Much is Love Worth?
What if I signed up for the service and they told me they had found my absolute dream girl except for one thing; she doesn’t have a job and never plans to have one. Maybe she is 100% committed to volunteer work or has a full time job taking care of a disabled family member or something. The point is, would it still be worth $20,000 to find true love?
Well I plan to live until I’m about 85, which gives me 60 more years to live. If they can introduce me to my soul mate tomorrow, that means I will get to spend the next 60 years with her. If we take $20,000/60 years, that comes to $333 a year for the best thing in my life. That’s about how much I spend on food in a single month. Now I’m a big fan of food, but I really can’t say that I should be spending 12 times more on food than I do on LOVE.
Let’s take the other scenario. Pretend I’m going to die in a year by some horrible, freak accident. In that case, I’m probably even more willing to spend the $20,000. If I only have one year left to live, you bet your ass I want to spend that year with the girl of my dreams.
A 12% Chance of Failure
I’ve talked about this service as if there were a 100% rate of success. I’m an optimist, so if I see something working for 88% of people, I’m just going to assume it will work for me. However, there is that small chance that you haven’t found your match after a year. I guess your options would be to pay for another year or cut your losses. While you would be out $20,000, I’m certain you would have learned a lot about what you are and aren’t looking for in a woman. It’s not worth $20k to me, but at least it’s something to walk away with.
Love is Definitely Worth $20,000
As I mentioned before, I do have a girlfriend and I’m not looking. I’m actually relieved that I have Tag, because if I didn’t there’s a good chance I’d be calling into Selective Search and getting ready to drop $20k. To be honest, if I hit 30 and was still single, and I did some more research on the company and thought they were truly legit, I might spend up to $100,000 to use the service.
If you are single, what is love worth to you? How much would you pay for an 88% chance of meeting your soul mate in the next year?
This post was included in the Carnival of Personal Finance.