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08-22-2008, 12:38 PM
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Join Date: Aug 2006
Posts: 105
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EAA Lifetime Membership - worth it?
Hello,
My yearly membership is due to expire at the end of the month, and I'm considering to just shell out the cash for a lifetime membership, to the tune of $975. I'm currently 26, and I figure it will take about 24-25 years for this to pay for itself, not taking into account the price going up (inflation).
Has anyone else done the lifetime membership?
General Thoughts?
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08-22-2008, 01:53 PM
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Join Date: Jun 2007
Location: Rhode Island
Posts: 937
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Thought about it - never pulled the trigger. ROI isn't great as you pointed out. I think I decided its really a status thing.
Member for 12 years now...
__________________
Highest Regards,
Noah F, RV-7A
All men dream, but not equally. Those who dream by night in the dusty recesses of their minds wake in the day to find that it was vanity: but the dreamers of the day are dangerous men? for they may act their dream with open eyes, to make it possible. -T.E. Lawrence
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08-22-2008, 01:55 PM
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Join Date: Feb 2005
Location: Huskerland, USA
Posts: 5,862
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The interest you would make off of $975 is $30 a year conservatively, so it would take you about 90 years to make it work. Of course, the "coolness" factor for the value for being a "Life Member" is not factored in. That could be priceless.
__________________
RV-7 : In the hangar
RV-10 : In the hangar
RV-12 : Built and sold
RV-44 : 4 place helicopter on order. 
Last edited by Geico266 : 08-22-2008 at 01:57 PM.
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08-22-2008, 02:01 PM
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Join Date: Jan 2005
Posts: 3,642
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Quote:
Originally Posted by RyanM
Hello,
My yearly membership is due to expire at the end of the month, and I'm considering to just shell out the cash for a lifetime membership, to the tune of $975. I'm currently 26, and I figure it will take about 24-25 years for this to pay for itself, not taking into account the price going up (inflation).
Has anyone else done the lifetime membership?
General Thoughts?
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If you want to send me your $975 right now I will promise to pay your dues for you every year for the rest of your life!
There may be altruistic reasons for doing so, but I can't imagine any personal financial reason for doing so. Can you earn 4% (= ~ $40) annual interest somewhere by investing? Of course you can and you should be able to do MUCH better! So it would never make financial sense to do a lifetime membership, unless you want EAA to be able to earn interest from your money. Maybe that's good enough reason for you. If so, go for it.
__________________
Steve M.
Ellensburg WA
RV-9 Flying, 0-320, Catto
Donation reminder: Jan. 2021
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08-22-2008, 02:18 PM
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Join Date: Jan 2005
Location: NC25
Posts: 3,503
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Quote:
Originally Posted by RyanM
Hello,
My yearly membership is due to expire at the end of the month, and I'm considering to just shell out the cash for a lifetime membership, to the tune of $975. I'm currently 26, and I figure it will take about 24-25 years for this to pay for itself, not taking into account the price going up (inflation).
Has anyone else done the lifetime membership?
General Thoughts?
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Ryan:
What is not advertised about LIFE Membership in EAA is all the benefits that you get. If you go to AirVenture, you get invited to a reception with great guest speakers. One year (100-years since the Wright Brothers flew) we had the reception in the evening and eveyone got to fly the Wright Flyer simulator and not wait in line. One of the decents of the Wright brothers spoke after dinner. Another year at the museum, Harrison Ford spoke. Sean Tucker and Burt Rutan have also been speakers. Yes a free meal and drinks as well as a great speaker are not the reason to become a life member. Become a Life member because you can and want to support EAA in the long haul.
Where would us homebuilders be without EAA support in looking out for our interests in the government.
__________________
Gary A. Sobek
NC25 RV-6 Flying
3,400+ hours
Where is N157GS
Building RV-8 S/N: 80012
To most people, the sky is the limit.
To those who love aviation, the sky is home.
Last edited by RV6_flyer : 08-22-2008 at 04:55 PM.
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08-22-2008, 02:48 PM
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Join Date: Mar 2006
Location: Kyle, TX
Posts: 566
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Depends on how old you are now. I signed-up about five years ago (age 35) so as long as I live at least 22 more years it's a savings! (I don't suggest the extra $'s for the jacket though.)
__________________
Fred Magare
GySgt, USMC (Ret.)
PP-ASEL, A&P
Frederic.magare "at" gmail.com
RV-9A Firewall Forward
[Engine purchased]
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08-22-2008, 03:01 PM
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Chief Obfuscation Officer
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Join Date: May 2005
Location: Livermore, CA
Posts: 1,110
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I've been so close to doing this so many times, but the $1,000 always seems to buy me a few parts for the RV or some avgas.
Quote:
Originally Posted by alpinelakespilot2000
If you want to send me your $975 right now I will promise to pay your dues for you every year for the rest of your life!
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Now that was funny!
Last edited by RV7Factory : 08-22-2008 at 03:07 PM.
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08-22-2008, 03:19 PM
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Join Date: Jun 2005
Location: C09 - Morris
Posts: 579
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yes, it's worth showing your support of the EAA and avation.
__________________
(This post by: Christopher Checca EAA Lifetime Member #799388)
Allen Checca (father)
Christopher Checca (son)
RV-6A - N468AC
ENGINE: Lycoming 180 HP O-360-A1A
PROPELLER: Senisentch 72FM859-1-85
WEIGHT: Empty Aircraft 1152 lbs
BASED: KC09 - Morris, IL.
Flying since June 6, 2005
N468AC Web Site
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08-22-2008, 03:36 PM
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Join Date: Jan 2008
Location: Delaware
Posts: 79
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How do you know that the EAA will be around for you to break even on your investment? I believe that the EAA has reached the peak of its growth and influence. It has gone from a grease under the fingernails and people working together for their mutual benefit to a staff and management focused organization. who see the membership as a cash cow to be milked every year at Oshcosh IMHO.......
Why haven't they addressed the ethanol in auto gas issue? The last significant project they undertook was the Young Eagles. Prior to that was the Auto gas testing and the STC's for using auto gas in aircraft, With the blending of ethanol in auto gas those STC's are worthless.
I'd keep my money in the bank and pay as you go....
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08-22-2008, 03:37 PM
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Join Date: Jan 2005
Location: Oklahoma City, OK
Posts: 921
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re: I did
Funny you posted this. I just did the lifetime thing at airventure this year. But, I included my wife. I figure this way, I'll never have to worry about not being able to afford renewal.
Just do it and don't look back.
Marshall Alexander
RV10 N781DM |
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