Go Back  Bike Forums > Bike Forums > Road Cycling
Reload this Page >

How do you afford to have so much!?

Road Cycling “It is by riding a bicycle that you learn the contours of a country best, since you have to sweat up the hills and coast down them. Thus you remember them as they actually are, while in a motor car only a high hill impresses you, and you have no such accurate remembrance of country you have driven through as you gain by riding a bicycle.” -- Ernest Hemingway

How do you afford to have so much!?

Old 09-30-11, 08:34 AM
  #76  
patentcad
Peloton Shelter Dog
 
patentcad's Avatar
 
Join Date: Nov 2005
Location: Chester, NY
Posts: 90,401

Bikes: 2017 Scott Foil, 2016 Scott Addict SL, 2018 Santa Cruz Blur CC MTB

Mentioned: 70 Post(s)
Tagged: 2 Thread(s)
Quoted: 1027 Post(s)
Likes: 0
Liked 2 Times in 2 Posts
This thread is a Johnny Lunchpail Pissing Contest.







No Lexus for any of you.
__________________
http://www.cotsiscad.com
patentcad is offline  
Old 09-30-11, 08:40 AM
  #77  
DropDeadFred
Senior Member
 
DropDeadFred's Avatar
 
Join Date: May 2011
Posts: 4,429

Bikes: 2013 orca

Mentioned: 0 Post(s)
Tagged: 0 Thread(s)
Quoted: 0 Post(s)
Likes: 0
Liked 0 Times in 0 Posts
Originally Posted by johnnyletrois View Post
I was once told that you have to make at least $250k/yr to live comfortably
false, but the right mentality that makes people in this economy believe they are broke when they aren't, they are simply living beyond their means.

I saw this guy in a clip that lived a lifestyle of a man who made 100k a year on a 30k salary. He was thrifty, bought used and shopped smart. He pulled it off and no one was the wiser.
DropDeadFred is offline  
Old 09-30-11, 08:42 AM
  #78  
datlas 
Beyond Bogus
 
datlas's Avatar
 
Join Date: Dec 2007
Location: Malvern, PA (20 miles West of Philly)
Posts: 28,303

Bikes: 1986 Alpine (steel road bike), 2009 Ti Habenero, 2013 Specialized Roubaix

Mentioned: 386 Post(s)
Tagged: 2 Thread(s)
Quoted: 8549 Post(s)
Liked 95 Times in 57 Posts
It's an interesting thread.

When I started as a cyclist back in my college days in the mid 1980's, my friends and I used to joke about the old geezers we saw with expensive bikes who apparently had money to spare but couldn't hold a line and would get dropped on the first hill. We rode crappy cheap bikes because we were starving college students.

I am now in my 40's and although not "rich" do live a modest lifestyle and can afford to have a decent bike. Nothing fancy but decent. As you get older you do have more discretionary income, generally, if you have a decent job (sorry to those unemployed or underemployed BFers). and as others have said it comes down to priorities. I drive a crappy 13 year old saturn and spend very little on clothing (except cycling clothes) and jewelry, etc., so if I spend a couple thousand dollars/year on bike stuff that's feasible. It still pisses of my wife but it's better than spending the money on hookers and blow.
__________________
Originally Posted by RUOkie View Post
never underestimate the idiocy of BF.
Originally Posted by rjones28 View Post
Addiction is all about class.
Originally Posted by seedsbelize View Post
Better to just stay out of the 41
datlas is offline  
Old 09-30-11, 08:47 AM
  #79  
johnnyletrois
Senior Member
 
Join Date: Jul 2010
Posts: 89
Mentioned: 0 Post(s)
Tagged: 0 Thread(s)
Quoted: 0 Post(s)
Likes: 0
Liked 0 Times in 0 Posts
Four pages and nobody has said it yet:

SUGAR MOMMA
johnnyletrois is offline  
Old 09-30-11, 08:47 AM
  #80  
DropDeadFred
Senior Member
 
DropDeadFred's Avatar
 
Join Date: May 2011
Posts: 4,429

Bikes: 2013 orca

Mentioned: 0 Post(s)
Tagged: 0 Thread(s)
Quoted: 0 Post(s)
Likes: 0
Liked 0 Times in 0 Posts
Originally Posted by datlas View Post
It still pisses of my wife but its as good as spending the money on hookers and blow.
fify
DropDeadFred is offline  
Old 09-30-11, 08:57 AM
  #81  
Hiro11
Senior Member
 
Join Date: Jun 2010
Posts: 2,051

Bikes: To the right: opinions, not facts.

Mentioned: 5 Post(s)
Tagged: 0 Thread(s)
Quoted: 447 Post(s)
Likes: 0
Liked 22 Times in 14 Posts
IMO:

1. A surprising number of people make $150K+. Cycling is popular in this cohort.

2. Bikes are relatively cheap compared to other types of conspicuous consumption. One boat equals a hell of a lot of bikes.

3. Cycling is very popular among people in their peak earning years (40s and 50s). These (typically men) are also known for spend vast sums on anything that promises to "improve performance". Extremely expensive golf clubs, high price tennis gear, expensive running clothing, high-dollar personal trainers etc. Fear of aging is a powerful motivator.

4. Cycling is easily the most gear-obsessed sport I've ever participated in. People get insane about the smallest, most meaningless crap. This obsession fuels pointless overspending on $500 seatposts, $5000 wheels and the like. The group-based social aspects of cycling adds in a hefty dose of "keeping up with the Jones" peer pressure to the mix.

5. Being a cyclist makes it easy to say what you want for Christmas for friends and family: the answer is always bike crap.

Result of all of this: a tsunami of spending on silly cycling stuff.
Hiro11 is offline  
Old 09-30-11, 08:57 AM
  #82  
eofelis 
The Rock Cycle
 
eofelis's Avatar
 
Join Date: Dec 2005
Location: Western Colorado
Posts: 1,674

Bikes: Salsa Vaya Ti, Specialized Ruby, Gunnar Sport, Motobecane Fantom CXX, Jamis Dragon, Novara Randonee x2

Mentioned: 4 Post(s)
Tagged: 0 Thread(s)
Quoted: 10 Post(s)
Likes: 0
Liked 0 Times in 0 Posts
Originally Posted by caloso View Post
I rarely pay retail.
A lot of this.


I've been remarkable poor (by American standards) over the past several years. Was in college (scholarships, no loans), working p/t, etc.
Lived cheaply. Bought an older Subaru (paid cash). Most of our furniture and household goods from yard sales or curbs. Always had some money in savings.

I have 6 nice bikes. My SO has 7. He just bought a ti custom road frame. We keep a sharp eye out for sales and second hand items. Not just bikes, but other stuff we could use. Or resell for a profit.....

Even when income was very slim, always seemed to have enough money. Maybe it's attitude.

Have decent job now, but make under $30k, but it seems like a lot compared to the past few years. Still live the same way.
__________________
Gunnar Sport
Specialized Ruby
Salsa Vaya Ti
Novara Randonee x2
Motobecane Fantom CXX
Jamis Dakar XCR
eofelis is offline  
Old 09-30-11, 08:58 AM
  #83  
dgasmd
shedding fat
 
dgasmd's Avatar
 
Join Date: Aug 2006
Location: South Florida
Posts: 3,149

Bikes: LOOK 595 Ultra/Campy Record 10Sp, restored Guerciotti/Campy C-Record 6 Sp, TIME RXR/Campy SR 11Sp, and Colnago C-60 with Campagnolo SR 11sp.

Mentioned: 0 Post(s)
Tagged: 0 Thread(s)
Quoted: 7 Post(s)
Liked 0 Times in 0 Posts
Originally Posted by Doin Work son View Post
I married a doctor Seriously though, she is a pediatrician, I'm a minister, we are both mid 20's with no children, and managed (somehow) to make it through college and my masters/ her med school without debt. Lot of ramen noodle nights paid off in the end.
You sure? College (4 years) + med school (4 years) + pediatric residency (3 years) = 11 years. Come out of HS at 17-18 y.o., and it puts you at nearly 30 y.o. Besides, pediatricians have the lowest income of all medical specialties, so I wouldn't be bragging about it too much. Noble specialty nevertheless and one that is severely under-appreciated until your kid gets sick!!! I would brag about the no med school debt though as most of us have a debt from it bigger than most people's mortgages!!
__________________
Arguing with ignorant people is an exercise in futility. They will bring you down to their level and once there they will beat you with their overwhelming experience.
dgasmd is offline  
Old 09-30-11, 09:00 AM
  #84  
achu717
Senior Member
 
Join Date: Aug 2006
Posts: 74
Mentioned: 0 Post(s)
Tagged: 0 Thread(s)
Quoted: 0 Post(s)
Likes: 0
Liked 0 Times in 0 Posts
YIELD..YIELD...YIELD.... foucus on miles ridden and pounds dropped per dollar spent on cycling stuff?
achu717 is offline  
Old 09-30-11, 09:02 AM
  #85  
datlas 
Beyond Bogus
 
datlas's Avatar
 
Join Date: Dec 2007
Location: Malvern, PA (20 miles West of Philly)
Posts: 28,303

Bikes: 1986 Alpine (steel road bike), 2009 Ti Habenero, 2013 Specialized Roubaix

Mentioned: 386 Post(s)
Tagged: 2 Thread(s)
Quoted: 8549 Post(s)
Liked 95 Times in 57 Posts
Originally Posted by dgasmd View Post
You sure? College (4 years) + med school (4 years) + pediatric residency (3 years) = 11 years. Come out of HS at 17-18 y.o., and it puts you at nearly 30 y.o. Besides, pediatricians have the lowest income of all medical specialties, so I wouldn't be bragging about it too much. Noble specialty nevertheless and one that is severely under-appreciated until your kid gets sick!!! I would brag about the no med school debt though as most of us have a debt from it bigger than most people's mortgages!!
True. I am afraid there is no future in primary care. Why go through 4 years of university, 4 years of med school, 3 years of residency, have 200K+ of debt to make 90K/year....better to become a PA or NP, they often make as much as we docs do and need much less training.
__________________
Originally Posted by RUOkie View Post
never underestimate the idiocy of BF.
Originally Posted by rjones28 View Post
Addiction is all about class.
Originally Posted by seedsbelize View Post
Better to just stay out of the 41
datlas is offline  
Old 09-30-11, 09:04 AM
  #86  
pgjackson
Senior Member
 
pgjackson's Avatar
 
Join Date: Oct 2010
Location: Gulf Breeze, FL
Posts: 3,846

Bikes: Rossetti Vertigo

Mentioned: 0 Post(s)
Tagged: 0 Thread(s)
Quoted: 0 Post(s)
Likes: 0
Liked 0 Times in 0 Posts
Originally Posted by Hiro11 View Post
IMO:

1. A surprising number of people make $150K+. Cycling is popular in this cohort.

2. Bikes are relatively cheap compared to other types of conspicuous consumption. One boat equals a hell of a lot of bikes.

3. Cycling is very popular among people in their peak earning years (40s and 50s). These (typically men) are also known for spend vast sums on anything that promises to "improve performance". Extremely expensive golf clubs, high price tennis gear, expensive running clothing, high-dollar personal trainers etc. Fear of aging is a powerful motivator.

4. Cycling is easily the most gear-obsessed sport I've ever participated in. People get insane about the smallest, most meaningless crap. This obsession fuels pointless overspending on $500 seatposts, $5000 wheels and the like. The group-based social aspects of cycling adds in a hefty dose of "keeping up with the Jones" peer pressure to the mix.

5. Being a cyclist makes it easy to say what you want for Christmas for friends and family: the answer is always bike crap.

Result of all of this: a tsunami of spending on silly cycling stuff.
Best answer so far.
pgjackson is offline  
Old 09-30-11, 09:05 AM
  #87  
dgasmd
shedding fat
 
dgasmd's Avatar
 
Join Date: Aug 2006
Location: South Florida
Posts: 3,149

Bikes: LOOK 595 Ultra/Campy Record 10Sp, restored Guerciotti/Campy C-Record 6 Sp, TIME RXR/Campy SR 11Sp, and Colnago C-60 with Campagnolo SR 11sp.

Mentioned: 0 Post(s)
Tagged: 0 Thread(s)
Quoted: 7 Post(s)
Liked 0 Times in 0 Posts
Originally Posted by DropDeadFred View Post
false, but the right mentality that makes people in this economy believe they are broke when they aren't, they are simply living beyond their means.

I saw this guy in a clip that lived a lifestyle of a man who made 100k a year on a 30k salary. He was thrifty, bought used and shopped smart. He pulled it off and no one was the wiser.
Very true. Most people live way beyond their means, and many more spend just because they can. How many people you know that can afford a Ferrari drive a Prius? However, how many people you know should be driving a Prius but drive a car 3X as expensive as they should? Likely most people you know! In this country, there is also another common malady: consumerism. Most people don't know what else to do but to work and shop. People buy far more crap than they ever need. My friends from overseas remind me of this all the time. Most people outside this country buy an iPod and use it until it dies. Here, we buy an iPod until the next model comes out, at which point we buy it.
__________________
Arguing with ignorant people is an exercise in futility. They will bring you down to their level and once there they will beat you with their overwhelming experience.
dgasmd is offline  
Old 09-30-11, 09:08 AM
  #88  
lazerzxr
Senior Member
 
Join Date: Mar 2010
Posts: 1,204

Bikes: Colnago C59 Italia Di2

Mentioned: 0 Post(s)
Tagged: 0 Thread(s)
Quoted: 0 Post(s)
Likes: 0
Liked 0 Times in 0 Posts
priorities

I have well over $20k of bikes and bike stuff in my living room but i have no car and only a modest living room. I also dont spend money on anything that i dont absolutely need - except bike stuff of course!
lazerzxr is offline  
Old 09-30-11, 09:15 AM
  #89  
pgjackson
Senior Member
 
pgjackson's Avatar
 
Join Date: Oct 2010
Location: Gulf Breeze, FL
Posts: 3,846

Bikes: Rossetti Vertigo

Mentioned: 0 Post(s)
Tagged: 0 Thread(s)
Quoted: 0 Post(s)
Likes: 0
Liked 0 Times in 0 Posts
It's a hobby. Some people have thousands of dollars in guns, antiques, paintings, Hummel figurines, motorcycles, jet skis, sail boats... In comparison, cycling is quite inexpensive. An entry-level ski boat runs about $15K. The cheapest Harley Davidson is about $10K.

I'm not saying that collecting thousands of dollars in extra cycling gear is normal (I think it's weird and excessive to have 6 bikes), just that it's fairly inexpensive compared to other hobbies.
pgjackson is offline  
Old 09-30-11, 09:17 AM
  #90  
johnnyletrois
Senior Member
 
Join Date: Jul 2010
Posts: 89
Mentioned: 0 Post(s)
Tagged: 0 Thread(s)
Quoted: 0 Post(s)
Likes: 0
Liked 0 Times in 0 Posts
Originally Posted by dgasmd View Post
Very true. Most people live way beyond their means, and many more spend just because they can. How many people you know that can afford a Ferrari drive a Prius? However, how many people you know should be driving a Prius but drive a car 3X as expensive as they should? Likely most people you know! In this country, there is also another common malady: consumerism. Most people don't know what else to do but to work and shop. People buy far more crap than they ever need. My friends from overseas remind me of this all the time. Most people outside this country buy an iPod and use it until it dies. Here, we buy an iPod until the next model comes out, at which point we buy it.
A Prius is an expensive car!
johnnyletrois is offline  
Old 09-30-11, 09:18 AM
  #91  
Billy Bones
Senior Member
 
Billy Bones's Avatar
 
Join Date: Jan 2008
Location: Shanghai, West Virginia
Posts: 512
Mentioned: 0 Post(s)
Tagged: 0 Thread(s)
Quoted: 2 Post(s)
Likes: 0
Liked 0 Times in 0 Posts
Originally Posted by bianchi10 View Post
. . .whats the secret that i wasn't informed about!? . . .
Sufficient disposable income and priorities.
Billy Bones is offline  
Old 09-30-11, 09:19 AM
  #92  
tagaproject6
Senior Member
 
tagaproject6's Avatar
 
Join Date: Aug 2009
Posts: 8,269

Bikes: Wilier Izoard XP (Record);Cinelli Xperience (Force);Specialized Allez (Rival);Bianchi Via Nirone 7 (Centaur); Colnago AC-R Disc;Colnago V1r Limited Edition;De Rosa King 3 Limited(Force 22);DeRosa Merak(Red):Pinarello Dogma 65.1 Hydro(Di2)

Mentioned: 2 Post(s)
Tagged: 0 Thread(s)
Quoted: 452 Post(s)
Liked 47 Times in 33 Posts
It's not that I can afford so much, it's just that I spend so little. I am a cheap bastige!
tagaproject6 is offline  
Old 09-30-11, 09:19 AM
  #93  
tagaproject6
Senior Member
 
tagaproject6's Avatar
 
Join Date: Aug 2009
Posts: 8,269

Bikes: Wilier Izoard XP (Record);Cinelli Xperience (Force);Specialized Allez (Rival);Bianchi Via Nirone 7 (Centaur); Colnago AC-R Disc;Colnago V1r Limited Edition;De Rosa King 3 Limited(Force 22);DeRosa Merak(Red):Pinarello Dogma 65.1 Hydro(Di2)

Mentioned: 2 Post(s)
Tagged: 0 Thread(s)
Quoted: 452 Post(s)
Liked 47 Times in 33 Posts
Originally Posted by johnnyletrois View Post
A Prius is an expensive car!
This is true.
tagaproject6 is offline  
Old 09-30-11, 09:21 AM
  #94  
pgjackson
Senior Member
 
pgjackson's Avatar
 
Join Date: Oct 2010
Location: Gulf Breeze, FL
Posts: 3,846

Bikes: Rossetti Vertigo

Mentioned: 0 Post(s)
Tagged: 0 Thread(s)
Quoted: 0 Post(s)
Likes: 0
Liked 0 Times in 0 Posts
Originally Posted by johnnyletrois View Post
A Prius is an expensive car!
Exactly. Buying a Prius doesn't save you one penny in the long run.
pgjackson is offline  
Old 09-30-11, 09:25 AM
  #95  
kj5423
training for ragbrai
 
kj5423's Avatar
 
Join Date: Feb 2011
Location: Iowa
Posts: 162

Bikes: Giant Defy 3 Road (2010), Specialized Rockhopper Comp 29er MTB (2011)

Mentioned: 0 Post(s)
Tagged: 0 Thread(s)
Quoted: 0 Post(s)
Likes: 0
Liked 0 Times in 0 Posts
simple equation

good credit = bad cycling performance
kj5423 is offline  
Old 09-30-11, 09:26 AM
  #96  
ColinL
Two-Wheeled Aficionado
 
ColinL's Avatar
 
Join Date: Jul 2011
Location: Wichita
Posts: 4,903

Bikes: Santa Cruz Blur TR, Cannondale Quick CX dropbar conversion & others

Mentioned: 0 Post(s)
Tagged: 0 Thread(s)
Quoted: 0 Post(s)
Likes: 0
Liked 0 Times in 0 Posts
Originally Posted by hhnngg1 View Post
Look at only two things:

1) Mortgage & rent
2) Child care (if you have them)

[..]You only start to deal with these other items after taking care of the first two.
Personally I have done that. Actually I've got high cost item #3 also, child support. (Somehow despite having 50% shared custody I pay more than my mortgage principle in support. But I digress.) I bet a lot of people have expensive car payments, probably some that exceed their rent.

My wife and I live beneath our means. My car is paid off, as is my sportbike and dirtbike. Owe less than $5k on wife's 2008 SUV.

So I've in fact done all that stuff you are beating on, and I agree with you. But I'm saying that by eating leftovers or lunchmeat, that alone gives me another $150 per month to buy cycling gear.

The big stuff can be damn hard to change too. Eating a sandwich instead of going to a restaurant is easy.

Last edited by ColinL; 09-30-11 at 09:32 AM.
ColinL is offline  
Old 09-30-11, 09:29 AM
  #97  
GDA
Senior Member
 
Join Date: Aug 2008
Posts: 394
Mentioned: 0 Post(s)
Tagged: 0 Thread(s)
Quoted: 0 Post(s)
Likes: 0
Liked 0 Times in 0 Posts
Like said by many... it all comes down to good financial habits and living within ones means that eventually can allow you money to start working for you and that pays big dividends down the road. Some of my friends think I have really nice stuff but most of it was bought used.


Got out of debt in my early 30s

Drive 5 year or older nice cars and do all the maintenance myself

Pay cash for expensive items and almost always buy them a couple years old (lightly or no use)

Wife and I budget the household expenses and also use a budget and prepay for our two or so vacations each year
GDA is offline  
Old 09-30-11, 09:32 AM
  #98  
Runner 1
Cookies!
 
Runner 1's Avatar
 
Join Date: Apr 2011
Posts: 629

Bikes: Red Huffy, CAAD10 Rival

Mentioned: 0 Post(s)
Tagged: 0 Thread(s)
Quoted: 0 Post(s)
Likes: 0
Liked 0 Times in 0 Posts
Originally Posted by bianchi10 View Post
I see some people's bike, wheel and appearal collections. Ive seen several HIGH end bikes in one garage or a room full of 7+ wheelsets on this site. I have trouble saving for a pair of shoes let alone a second bike or set of wheels! Is it simply a matter of wealth? I would think some of it has to do with accumulating these items over time, but a lot of what I see are all new items.

I make a descent living along with my wife working as well. We have a nice house and lifestyle, but nothing that keeps us living check to check. I feel very blessed with what we have but I could never afford to have more than one bike or several wheelsets or etc...

whats the secret that i wasn't informed about!?
http://www.bikeforums.net/showthread...-annual-income
Runner 1 is offline  
Old 09-30-11, 09:33 AM
  #99  
Seattle Forrest
Senior Member
 
Seattle Forrest's Avatar
 
Join Date: Mar 2010
Location: Seattle, WA
Posts: 19,077
Mentioned: 43 Post(s)
Tagged: 0 Thread(s)
Quoted: 7994 Post(s)
Liked 197 Times in 129 Posts
Originally Posted by pgjackson View Post
Credit, home equity loans, and overspending.
Or underspending.

I don't have kids. Compared to a lot of the people in this forum, I think that's it.

Originally Posted by bianchi10 View Post
That being said, I still couldn't imagine having several bikes. I mean, whats really the point of having more than 1 nice bike? I can understand wheelsets, but not really for a completely secondary bike(s). sure, the thought of it sounds cool to have your choice on which bike to ride that day, but it doesn't seem realistic.
I have two bikes. Any day, I'd prefer to ride the carbon one ... it's not that cool to have a choice. The alu one is for commuting on, because I have to lock up at a bike rack outside of work. It's also for other errands that require me to lock the bike up. And, with an older 9-speed drive train, it's become my rain bike, because 10-speed Ultegra cassettes are expensive.
Seattle Forrest is offline  
Old 09-30-11, 09:36 AM
  #100  
Higher Class
soft pedal zen
 
Higher Class's Avatar
 
Join Date: Aug 2010
Posts: 527

Bikes: Absolutely

Mentioned: 0 Post(s)
Tagged: 0 Thread(s)
Quoted: 2 Post(s)
Likes: 0
Liked 0 Times in 0 Posts
Originally Posted by bianchi10 View Post
yeah thats a good point. When I say "nice lifestyle" I really mean average. I make $50k a year which is comfortable for us to pay our bills and put food on the table for our family. We dont go out to dinner much, wife and I dont drink or go "Out on the town". That being said, I still couldn't imagine having several bikes. I mean, whats really the point of having more than 1 nice bike? I can understand wheelsets, but not really for a completely secondary bike(s). sure, the thought of it sounds cool to have your choice on which bike to ride that day, but it doesn't seem realistic.
Serious? So you'd ride a time trial bike fully loaded cross country, or a track racing bike to go get groceries in the rain?

I make about $14k a year, pay for school out of pocket, pay my own rent etc., and I have a $2k road bike. What's up?
Higher Class is offline  

Thread Tools
Search this Thread

Contact Us - Archive - Advertising - Cookie Policy - Privacy Statement - Terms of Service

Copyright © 2018 MH Sub I, LLC dba Internet Brands. All rights reserved. Use of this site indicates your consent to the Terms of Use.