Re: Losing 30M

Stephen Melachrinos

> As for Life Memberships,  that is a liability for ARRL.  Someone had “genius idea” on that and those who bought in when it was $125 for membership will probably live into 
> their 80’s or 90’s thus getting a “free ride”.   ARRL loses money.

Life memberships are a good thing if you view them like an endowment--invest the money and spend the income.

Life memberships are NOT a good thing if you spend all the money in the current year. Then you have a continuing liability that is unfunded.

From what I've heard, ARRL implemented it wrong.


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