Wednesday, December 07, 2005

How the Rich Get Richer

We will let you in on a little secret to make money fast. If you have a Rose Bowl ticket, sell it. A $175 face-value ticket can get you a big profit. A big profit. Tickets started trickling into the hands of the public on Tuesday and were quickly showing up for resale between $1,000 and $4,000. We will use USC as an example. It has 62,000 season-ticket holders but has an allotment of only 24,000 Rose Bowl tickets. Now if you happen to be well off and can contribute $25,000 a year to USC (earning you entrance into the Scholarship Club), you were allowed to purchase up to eight Rose Bowl tickets. If you are one of these fortunate souls, you can use two of the tickets and turn around and sell six (no doubt prime seats) at the current top dollar of $4,000. So $4,000 multiplied by six is $24,000. Wonderful! Plop down another $1,000 and you have your Scholarship Club dues paid for the next year! Is this a great country or what?

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