2016 Cali fishing lic

Great purchase! Does it include all the stamps to go with? Steelhead, sturgeon ,etc?. Id like to get one for Cochino. Just a little bit outta my price range.

 

But...what if you purchased it for $490 fourteen years ago, at age 23?
$490 / 14yrs = $35 per year.
And now I'm basically fishing for free, for the rest of my life.

Right. Im not sure what math crash is using ?

Common Core 

  

But...what if you purchased it for $490 fourteen years ago, at age 23?
$490 / 14yrs = $35 per year.
And now I'm basically fishing for free, for the rest of my life.

Right. Im not sure what math crash is using ?

The kind that doesn't have a time machine that will go back 14 years.

The younger you are the more the lifetime license makes sense bat some age it stops making sense 

Hope that helps.

Damn looks like I need to buy Logan his before his next birthday for sure! The gift that will be with him for a lifetime!

Right. But i dont think you have to go back as far as 10 to make it work as you stated. Mine will pay itself sooner.  As it seems Pats has as well .

Well, part of the appeal of lifetime licenses was the assurance that this money was going to be set aside for projects to improve hunting & fishing in CA. But that all went down the tubes in 2008/9 when the state started poaching money from other budgets to dump into the general fund.
The lifetime license prices have gone up faster than general inflation rate would account for, btw. That same license is now $844.50. But I am seriously considering one for my son before he turns 10 because it'd be $517 (if purchased today). 

I was looking at this last year and the fees seem to jump, give or take $10 each year.  I might have to pony up before the year is over...

2016 ?????

2015 is   :  children 9 and under = $517.00,   from 10-39=$844.50,    40-61=$761.00,    and 62+=$517.00

2014 was:  children 9 and under = $510.25,   from 10-39=$833.50,    40-61=$751.25,    and 62+=$510.25

2013 was:  children 9 and under = $504.50,   from 10-39=$824.00,    40-61=$742.75,    and 62+=$504.50

2012 was:  children 9 and under = $492.00,   from 10-39=$803.25,

2010 was:  children 9 and under = $463.25,   from 10-39=$761.25,    40-61=$685.25,    and 62+=$463.75

Right. But i dont think you have to go back as far as 10 to make it work as you stated. Mine will pay itself sooner.  As it seems Pats has as well .

I don't think you have to go as far back as 10 either. You can figure out the math yourself with the following:

1.  Your age, the cost of a license today both annual and lifetime.
2.  Actuarial tables from the social security administration to determine the chances that you will die in any given year going forward.
3.  An understanding that $1 in 5 years is less valuable than $1 today, and a discount rate that you are comfortable with. I used 3.5%.
4.  An approximation of the annual GDP deflator.

I didn't do the math to figure out where it makes sense at every age, but a lifetime license for someone under 10 is an easy buy. A lifetime license for someone over 100 is an easy pass. There is a certain age where it is indifferent whether you purchase an annual or a lifetime.

At this point the only thing that would motivate me to purchase a lifetime license is if I moved to southern Oregon.

Everyone's circumstances vary, do the figuring for yourself. But you can't say well Pat did it 14 years ago and it's paid for itself. The problems with that are that, even if true which I haven't done the math on and dont plan to, we have perfect knowledge that Pat is alive, well, and still fishing. Information we didn't have 14 years ago. Also, as Pat points out, costs have increased faster than the GDP deflator since 2000.

The math isn't as simple as

If cost of lifetime license < cost of annual license * number of years I plan to continue fishing in California then BUY

Else, DON'T BUY.

And if common core teaches our kids that and the old math didn't, then common core is superior.

Actuarial tables will be worthless in 20 years when the average American has access to cost-effective time travel options. Thanks Obama... 

Right. But i dont think you have to go back as far as 10 to make it work as you stated. Mine will pay itself sooner.  As it seems Pats has as well .

I don't think you have to go as far back as 10 either....

it's a bit more complicated. If instead you invested these money (like into kid's account) they would grow and easily double in 10 years. And, on top of that, this is very risky investment. But it's priceless too

Right. But i dont think you have to go back as far as 10 to make it work as you stated. Mine will pay itself sooner.  As it seems Pats has as well .

I don't think you have to go as far back as 10 either....

it's a bit more complicated. If instead you invested these money (like into kid's account) they would grow and easily double in 10 years. And, on top of that, this is very risky investment. But it's priceless too

That is what the discount rate is for.  I dunno about easily doubling in 10 years, that's 7.2%.  Kind of optimistic.

Year by year works for me, may take a year off and let the fish repopulate.

Ennnn mine ran me $700.  Not sure I'll live long enough for it to pay for its self.  I just picked up my license last weekend.

If I was smart I woulda gots me a lifetime license years ago, but...

On a side note licensing fees pale in comparison to the yearly cost of fishing tackle, kayak stuff, camping fees, gas and everything else associated with fishing.

The yearly license provides a hell of a lot of fun per dollar IMHO.