Go Back  Bike Forums > Bike Forums > General Cycling Discussion
Reload this Page >

"Wow, You Must Be Rich!"

Notices
General Cycling Discussion Have a cycling related question or comment that doesn't fit in one of the other specialty forums? Drop on in and post in here! When possible, please select the forum above that most fits your post!

"Wow, You Must Be Rich!"

Old 11-17-22, 03:29 PM
  #26  
Chuck Naill
Senior Member
 
Join Date: Mar 2009
Location: US
Posts: 681
Mentioned: 0 Post(s)
Tagged: 0 Thread(s)
Quoted: 356 Post(s)
Liked 97 Times in 70 Posts
Originally Posted by indyfabz View Post
Itís sort of a running joke thanks to the number of times I have posted a photo of it.
Yes, sir. I am sure it is a beautiful bike, but I was responding to if you can retire at 58. I retired 18 months ago and had to consider the questions I posted.
Chuck Naill is offline  
Old 11-17-22, 03:29 PM
  #27  
indyfabz
Senior Member
 
indyfabz's Avatar
 
Join Date: Jan 2010
Posts: 36,138
Mentioned: 205 Post(s)
Tagged: 1 Thread(s)
Quoted: 16654 Post(s)
Liked 11,754 Times in 5,621 Posts
Originally Posted by Chuck Naill View Post
Are you single, have some healthcare, own transportation, and have no debt?
Yes to all except health insurance. I would be eligible for continuing coverage for up to 18 months out of my own pocket. After that, I would be at the mercy of the market. I have good, very affordable health insurance through work. That would be the biggest nut to give up.
indyfabz is offline  
Old 11-17-22, 03:32 PM
  #28  
Polaris OBark
ignominious poltroon
 
Polaris OBark's Avatar
 
Join Date: Jan 2022
Posts: 2,490
Mentioned: 3 Post(s)
Tagged: 0 Thread(s)
Quoted: 1429 Post(s)
Liked 2,114 Times in 1,148 Posts
Originally Posted by Chuck Naill View Post
I am sorry to confuse you. I responded to the members post with the same questions a financial planner would ask.
Are you a real one, or do you just play one on the internet?
Polaris OBark is offline  
Old 11-17-22, 03:38 PM
  #29  
Troul 
:D
 
Troul's Avatar
 
Join Date: Oct 2013
Location: Mich
Posts: 6,167

Bikes: RSO E-tire dropper fixie brifter

Mentioned: 0 Post(s)
Tagged: 0 Thread(s)
Quoted: 6 Post(s)
Liked 2,179 Times in 1,457 Posts
Originally Posted by indyfabz View Post
Yes to all except health insurance. I would be eligible for continuing coverage for up to 18 months out of my own pocket. After that, I would be at the mercy of the market. I have good, very affordable health insurance through work. That would be the biggest nut to give up.
i'd stick it out a few more years. are you currently covered with there dental & vision too?
__________________
-Oh Hey!
Troul is offline  
Likes For Troul:
Old 11-17-22, 03:48 PM
  #30  
Chuck Naill
Senior Member
 
Join Date: Mar 2009
Location: US
Posts: 681
Mentioned: 0 Post(s)
Tagged: 0 Thread(s)
Quoted: 356 Post(s)
Liked 97 Times in 70 Posts
Originally Posted by indyfabz View Post
Yes to all except health insurance. I would be eligible for continuing coverage for up to 18 months out of my own pocket. After that, I would be at the mercy of the market. I have good, very affordable health insurance through work. That would be the biggest nut to give up.
When I was between gigs I took out catastrophic polices just to protect assets in case.

In the US, unless you qualify for disability, SS and Medicare don't begin until the mid '60.

I wish you well and hope it works out. One shouldn't put off living.
Chuck Naill is offline  
Old 11-17-22, 03:50 PM
  #31  
Chuck Naill
Senior Member
 
Join Date: Mar 2009
Location: US
Posts: 681
Mentioned: 0 Post(s)
Tagged: 0 Thread(s)
Quoted: 356 Post(s)
Liked 97 Times in 70 Posts
Originally Posted by Polaris OBark View Post
Are you a real one, or do you just play one on the internet?
Seriously, I didn't elicit anything from you. You chose to engage. Go away.
Chuck Naill is offline  
Old 11-17-22, 04:32 PM
  #32  
indyfabz
Senior Member
 
indyfabz's Avatar
 
Join Date: Jan 2010
Posts: 36,138
Mentioned: 205 Post(s)
Tagged: 1 Thread(s)
Quoted: 16654 Post(s)
Liked 11,754 Times in 5,621 Posts
Originally Posted by Chuck Naill View Post
One shouldn't put off living.
I know that. Fewer than two months after I turned 35 I volunteered to be downsized in the wake of an acquisition. Ended up taking nearly two years off from the working world to enjoy life. Among other things, I took three extended bike tours, including one of nearly four months in the U.S. and one of seven weeks in Andalucia, Spain. Would not trade the experiences I had for the money and career advancement opportunities I sacrificed, especially since I ended up getting my former job back. And no, I didnít get any government benefits, like unemployment, during my time off.
indyfabz is offline  
Likes For indyfabz:
Old 11-17-22, 04:35 PM
  #33  
indyfabz
Senior Member
 
indyfabz's Avatar
 
Join Date: Jan 2010
Posts: 36,138
Mentioned: 205 Post(s)
Tagged: 1 Thread(s)
Quoted: 16654 Post(s)
Liked 11,754 Times in 5,621 Posts
Originally Posted by Troul View Post
i'd stick it out a few more years. are you currently covered with there dental & vision too?
Yes. I wanted to stay until 60, but current conditions have become unacceptable. Unless I can change them, I cannot see myself staying there until 60.
indyfabz is offline  
Old 11-17-22, 04:49 PM
  #34  
SurferRosa
seŮor miembro
 
SurferRosa's Avatar
 
Join Date: Dec 2018
Location: Pac NW
Posts: 6,944

Bikes: Old school lightweights

Mentioned: 79 Post(s)
Tagged: 0 Thread(s)
Quoted: 2962 Post(s)
Liked 4,284 Times in 2,273 Posts
Originally Posted by DonkeyShow View Post
I grew up driving a Porsche 944 s2 and ppl acted like it came with a new 911 price tag.
I drove a 968 for about 10 years. While it was less expensive to initially purchase (used) compared to my two new Acuras, it was immensely more costly to service.

Owning a Porsche was fun and wonderful experience very similar to a gambling addiction.
SurferRosa is offline  
Likes For SurferRosa:
Old 11-17-22, 04:50 PM
  #35  
Troul 
:D
 
Troul's Avatar
 
Join Date: Oct 2013
Location: Mich
Posts: 6,167

Bikes: RSO E-tire dropper fixie brifter

Mentioned: 0 Post(s)
Tagged: 0 Thread(s)
Quoted: 6 Post(s)
Liked 2,179 Times in 1,457 Posts
Originally Posted by indyfabz View Post
Yes. I wanted to stay until 60, but current conditions have become unacceptable. Unless I can change them, I cannot see myself staying there until 60.
Anything less than five years will go by faster than one may think. I'd wager to say you can do it as long as your health doesn't toss a wrench into your chain.
__________________
-Oh Hey!
Troul is offline  
Old 11-17-22, 05:37 PM
  #36  
Koyote
Senior Member
 
Join Date: Sep 2017
Posts: 6,676
Mentioned: 35 Post(s)
Tagged: 0 Thread(s)
Quoted: 6059 Post(s)
Liked 9,177 Times in 3,964 Posts
Originally Posted by pdlamb View Post
On the transportation, I think indy has posted a picture of his bike.
Originally Posted by Chuck Naill View Post
I am confused why you posted this? Have you become his spokesperson?
indyfabz has posted the photo of his bike numerous times, largely because it is quite a nice bike.
Koyote is offline  
Old 11-17-22, 05:55 PM
  #37  
joesch
Senior Member
 
joesch's Avatar
 
Join Date: Sep 2017
Location: Hotel CA / DFW
Posts: 1,444

Bikes: 83 Colnago Super, 87 50th Daccordi, 79 & 87 Guerciotti's, 90s DB/GT Mtn Bikes, 90s Colnago Master and Titanio, 96 Serotta Colorado TG, 95/05 Colnago C40/C50, 06 DbyLS TI, 08 Lemond Filmore FG SS, 12 Cervelo R3, 20/15 Surly Stragler & Steamroller

Mentioned: 10 Post(s)
Tagged: 0 Thread(s)
Quoted: 493 Post(s)
Liked 557 Times in 365 Posts
Originally Posted by indyfabz View Post
I have spent much of the day trying to assess whether i can afford to quit my job in March, at the age of 58. I think it might be possible. Need a few more pieces of information to make a final decision.
Wow ... you must be poor to need soo many years of working
joesch is online now  
Old 11-17-22, 06:01 PM
  #38  
zandoval 
Senior Member
 
zandoval's Avatar
 
Join Date: May 2010
Location: Bastrop Texas
Posts: 3,675

Bikes: Univega, Peu P6, Peu PR-10, Ted Williams, Peu UO-8, Peu UO-18 Mixte, Peu Dolomites

Mentioned: 8 Post(s)
Tagged: 0 Thread(s)
Quoted: 649 Post(s)
Liked 1,029 Times in 662 Posts
Originally Posted by cb400bill View Post
..."How much was your bike?", the correct answer was $700. That was a large enough amount that they knew you were a serious cyclist, but small enough amount that they didn't think that you were Cra-Cra.
I have been asked that a few times. My reply is often confusing... Originally, or as it is now?

I think the true value of the few bikes that I have could only be realized if I parted them out... Ha
__________________
No matter where your at... There you are... Δf:=f(1/2)-f(-1/2)
zandoval is offline  
Old 11-17-22, 07:23 PM
  #39  
jon c. 
Senior Member
 
Join Date: Mar 2012
Location: Tallahassee, FL
Posts: 4,434
Mentioned: 5 Post(s)
Tagged: 0 Thread(s)
Quoted: 1323 Post(s)
Likes: 0
Liked 637 Times in 350 Posts
Originally Posted by indyfabz View Post
Yes. I wanted to stay until 60, but current conditions have become unacceptable. Unless I can change them, I cannot see myself staying there until 60.
Good luck. I'm a bit older and have stayed longer than I ever thought I would have to. Health insurance is the real problem.

But I'm going some time next year for sure.
jon c. is offline  
Likes For jon c.:
Old 11-17-22, 07:58 PM
  #40  
rsbob 
😵‍💫
 
rsbob's Avatar
 
Join Date: Sep 2020
Location: Seattle-ish
Posts: 3,978
Mentioned: 1 Post(s)
Tagged: 0 Thread(s)
Quoted: 1563 Post(s)
Liked 2,929 Times in 1,665 Posts
Originally Posted by DonkeyShow View Post
914s just happen to be cool af I think

Would love a 914-6 to mess about in.
My 71. Originally a 4 cylinder but swapped in a 3.0 911 engine. The whole car has been heavily modified, but didn’t want it to look that way.


71 with 3.0 6 cyl

Not a bicycle but shares the garage with one
__________________
Road and Mountain 🚴🏾‍♂️




Last edited by rsbob; 11-17-22 at 08:04 PM.
rsbob is offline  
Old 11-17-22, 10:37 PM
  #41  
Koyote
Senior Member
 
Join Date: Sep 2017
Posts: 6,676
Mentioned: 35 Post(s)
Tagged: 0 Thread(s)
Quoted: 6059 Post(s)
Liked 9,177 Times in 3,964 Posts
Originally Posted by Polaris OBark View Post
I have to confess to naively assuming lots of people in Saudi Arabia are wealthy. But I also recognize that is probably very inaccurate.
I believe the Saudi royals are pretty wealthy...The typical non-royal, not so much.
Koyote is offline  
Old 11-17-22, 11:56 PM
  #42  
DonkeyShow
Full Member
 
Join Date: Jul 2021
Posts: 239
Mentioned: 1 Post(s)
Tagged: 0 Thread(s)
Quoted: 144 Post(s)
Liked 149 Times in 96 Posts
Originally Posted by rsbob View Post
My 71. Originally a 4 cylinder but swapped in a 3.0 911 engine. The whole car has been heavily modified, but didnít want it to look that way.


71 with 3.0 6 cyl

Not a bicycle but shares the garage with one
My guy! That's a beauty. Real Fuchs?
DonkeyShow is offline  
Old 11-18-22, 03:43 AM
  #43  
sjanzeir
BF's Resident Dumbass
Thread Starter
 
sjanzeir's Avatar
 
Join Date: Apr 2016
Location: Jeddah, Saudi Arabia
Posts: 1,420

Bikes: 1990 Raleigh Flyer (size 21"); 2014 Trek 7.6 FX (size 15"); 2014 Trek 7.6 FX (size 17.5"); 2019 Dahon Mu D9; 2020 Dahon Hemingway D9

Mentioned: 6 Post(s)
Tagged: 0 Thread(s)
Quoted: 696 Post(s)
Liked 1,329 Times in 435 Posts
Originally Posted by Koyote View Post
I believe the Saudi royals are pretty wealthy...The typical non-royal, not so much.
Saudi Arabia is no different from any other country. From the fabulously wealthy to the homeless and the Average Joe and Jane in between, there are people of all sorts of backgrounds in all walks of life. As a matter of fact, the social diversity of Saudi Arabia could easily be the envy of many "liberal" Western countries. The differences are just in the details. To keep this on topic, if you look at Google Earth, you'll quickly see that the urban sprawl, combined with the extreme climate, makes it impossible for most people to get around on a bicycle. That's why a Dutchman's Dutch bike is a Saudi's (or average expat's) 1998 Toyota Tercel.
sjanzeir is offline  
Old 11-18-22, 05:17 AM
  #44  
wolfchild
Senior Member
 
wolfchild's Avatar
 
Join Date: Feb 2008
Location: Mississauga/Toronto, Ontario canada
Posts: 8,127

Bikes: I have 3 singlespeed/fixed gear bikes

Mentioned: 23 Post(s)
Tagged: 0 Thread(s)
Quoted: 3574 Post(s)
Liked 2,050 Times in 1,046 Posts
Originally Posted by sjanzeir View Post
So, I was staring at my old steelie the other day and reminiscing about my college days in 1990s Irbid, Jordan, and I had flashbacks about the many times that people - especially girls - made the assumption about me that I must be loaded for choosing to be commuting on such an expensive bike (which used to be a price-leader 10-speed at the time) instead of driving! What never occurred to a lot of people was that I cycled because I couldn't possibly afford to own a car, not to mention to rely solely on the chaotic public transit system. I always found the remark hilarious, and after a while, I stopped trying to correct people. Good times!
Your experience is completely different than what we cyclists experience here in Canada and North America....Over here any adult male who rides a bicycle for the purpose of commuting and errands is considered a DUI who lost his drivers license, lost his job and can't afford to drive.
wolfchild is offline  
Old 11-18-22, 05:49 AM
  #45  
BTinNYC
...
 
Join Date: Oct 2021
Location: Whitestone and Rensselaerville, New York
Posts: 793

Bikes: Bicycles? Yup.

Mentioned: 3 Post(s)
Tagged: 0 Thread(s)
Quoted: 236 Post(s)
Liked 705 Times in 361 Posts
Originally Posted by rsbob View Post
My 71. Originally a 4 cylinder but swapped in a 3.0 911 engine. The whole car has been heavily modified, but didnít want it to look that way.
Best looking 914 ever. I'm sure it scoots too.
BTinNYC is offline  
Old 11-18-22, 06:21 AM
  #46  
staehpj1 
Senior Member
 
staehpj1's Avatar
 
Join Date: Aug 2006
Location: Tallahassee, FL
Posts: 11,240
Mentioned: 7 Post(s)
Tagged: 0 Thread(s)
Quoted: 1000 Post(s)
Liked 478 Times in 367 Posts
Originally Posted by wolfchild View Post
Your experience is completely different than what we cyclists experience here in Canada and North America....Over here any adult male who rides a bicycle for the purpose of commuting and errands is considered a DUI who lost his drivers license, lost his job and can't afford to drive.
I always am a bit amazed when some dumb ass gives me the tilting of the hand in the drinking gesture when they see me on a bike. Yeah buddy you are so clever you figured it out.
__________________
Pete in Tallahassee
Check out my profile, articles, and trip journals at:
https:/www.crazyguyonabike.com/staehpj1


staehpj1 is offline  
Old 11-18-22, 06:22 AM
  #47  
DonkeyShow
Full Member
 
Join Date: Jul 2021
Posts: 239
Mentioned: 1 Post(s)
Tagged: 0 Thread(s)
Quoted: 144 Post(s)
Liked 149 Times in 96 Posts
Originally Posted by BTinNYC View Post
Best looking 914 ever. I'm sure it scoots too.
Black or green would look best.

tho bobs is very tidy for a 50 year old car.
DonkeyShow is offline  
Old 11-18-22, 07:00 AM
  #48  
phedge
Newbie
 
Join Date: Sep 2022
Posts: 72
Mentioned: 0 Post(s)
Tagged: 0 Thread(s)
Quoted: 35 Post(s)
Liked 259 Times in 89 Posts
Originally Posted by indyfabz View Post
Yes. I wanted to stay until 60, but current conditions have become unacceptable. Unless I can change them, I cannot see myself staying there until 60.
I was in that same spot the last few years. When you no longer recognize the profession you've been in for 30 years it's time to reevaluate. I stepped out in March.
phedge is offline  
Likes For phedge:
Old 11-18-22, 07:06 AM
  #49  
Chuck M 
Happy With My Bike
 
Chuck M's Avatar
 
Join Date: Sep 2020
Location: Oklahoma
Posts: 1,465

Bikes: Hi-Ten bike boomers, a Trek Domane and some projects

Mentioned: 1 Post(s)
Tagged: 0 Thread(s)
Quoted: 553 Post(s)
Liked 1,394 Times in 681 Posts
Originally Posted by indyfabz View Post
I have spent much of the day trying to assess whether i can afford to quit my job in March, at the age of 58. I think it might be possible. Need a few more pieces of information to make a final decision.
A couple of years ago, our accountant was discussing a plan for me to retire around 57. Then one morning when heading out to play golf he dropped dead. In less than two weeks, I will be 58 and still working. But I can afford to take a substantial reduction in pay next month to start a new job after nearly 38 years and my wife and I bought the building where he leased offices. While I dream of retiring early, I know my wife will put me to work for a zero dollar a year salary and ruin my plans.
__________________
"It is the unknown around the corner that turns my wheels." -- Heinz StŁcke

Chuck M is online now  
Likes For Chuck M:
Old 11-18-22, 07:37 AM
  #50  
skidder
Bipsycorider
 
Join Date: Sep 2012
Location: Orange County, California
Posts: 1,635

Bikes: Why yes, I do have a few! Thank you for asking!

Mentioned: 12 Post(s)
Tagged: 0 Thread(s)
Quoted: 1148 Post(s)
Liked 952 Times in 656 Posts
Originally Posted by rsbob View Post
I learned the phrase back in the 80s that ”Perception is reality”. What others perceive is real to them.

Depending how I dress when I enter a store or dealership, has a great deal with the way I am treated, or not treated at all.

When I ride my carbon Bianchi, people my age, or older don’t initiate conversation. When I ride my 80’s steel Bianchi, suddenly I am worth talking to. I’ve had that happen with cars too,
Back in the early 2000s I was a car salesman for a while, and this statement was as far from reality as you can imagine. We had folks coming in who were "dressed-to-impress" whose credit rating was so poor it 'wouldn't buy them the steam off a hot dog' (as the NYC-bred sales manager called it). We also had folks coming in who were casual dressed in a t-shirt and shorts who could write a check for $30,000 for a vehicle without any worry. Interesting customer we had was a casually dressed big guy with a beat-up 4WD Toyota 4-runner (or Landcruiser? cant remember) and bought a $50,000 loaded 4WD Chevy Tahoe for cash; turned out he was a member of the Anaheim Ducks ice hockey team.
skidder is offline  
Likes For skidder:

Thread Tools
Search this Thread

Contact Us - Archive - Advertising - Cookie Policy - Privacy Statement - Terms of Service - Do Not Sell or Share My Personal Information -

Copyright © 2023 MH Sub I, LLC dba Internet Brands. All rights reserved. Use of this site indicates your consent to the Terms of Use.