The Rise of Stooopeeeed....

Discussion in 'The Pub' started by bing!, Aug 20, 2014.

  1. bing!

    bing! Active Member

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  2. emejay

    emejay most annoying avatar

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    Withdrawing money from a 401k and paying penalties to buy a bike: stupid
    Spending disposable income on something one enjoys: smart
     
  3. zman

    zman WTF ?

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    ^^^^ Even with out all that stuff , just buying a 20K bike is freakin insane
     
  4. wheeler

    wheeler Member

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    All 4 of my bikes don't add up to $20K. But every non cyclist I know thinks I am stupid for how much I spend :)
     
  5. BROWNIE

    BROWNIE I'm good at recess!

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    He paid $20,000 for a bicycle?!!? with HIS OWN MONEY??!!?? Good for him!

    Remember... It's only overkill if YOU can't afford it.
     
  6. slowSSer

    slowSSer ali'i hua

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    having worked in a bike shop in Irvine, i've seen several $15k bikes. usually Colnago C59's ($4k right there) with Super Record (about the same), light wheels and the best stem/bar/seat/posts that can be had.

    would i own one? hells no. why? i dont need to be able to feel every ants butt crack that I ride over.

    dont even get me onto mad fiber wheels. talk about flexy. it's interesting leaning one way on a turn and watching your rim go another direction.

    still, people with $$$ spending $$$ on bikes keeps them out riding or gets them riding again. i dont see an issue there.
     
  7. Revalimage

    Revalimage Active Member

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    Agreed, the issue here was he took it from his IRA with penalties to pay for it...so no, he could not really afford it.

    But you're still correct - who cares, his money = his choice and he's happy about...good for him!
     
  8. slowSSer

    slowSSer ali'i hua

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    it's a perspective as well. we all used to think that $5k used to be insane $ on a bike. now, not so much.
     
  9. Kriller134

    Kriller134 Member

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    That bike is more than my net worth :(
     
  10. slowSSer

    slowSSer ali'i hua

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    sadly, i also fall into this category
     
  11. osmarandsara

    osmarandsara Active Member

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    $20K from his 401-K for a bike? That WAS a dumb move, he should have taken out a home equity loan or charged it on his credit cards....geez, some people....
     
  12. ManInAShed

    ManInAShed New Member

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    Short by a couple zeros.
     
  13. A D NOH

    A D NOH Custom Newbie Title

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    #yolo haha
    like others mentioned - spending $20k is one thing if you make decent coin. To take out a loan for a bicycle is a bit too intense for me.

    I do see a lot of $5,000 bikes on the back of $5,000 cars, haha. (Kind of guilty of that too, haha)

    If that bike made him income that might be a different story.
     
  14. SeanC

    SeanC Active Member

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    speak for yourself, instead of saying "we all . . ."
     
  15. duke777

    duke777 Active Member

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    What's really stupid here is that he took his money out of retirement fund and bought only ONE bike. Any financial adviser would tell you not to put all your eggs in one basket so he really should of gotten at least 2 20k bikes to spread his risks out.
     
  16. skyungjae

    skyungjae Member

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    I don't think my skill level/involvement in the sport rates a bike that costs more than a grand.
     
  17. jcw

    jcw New Member

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    Pretty funny how some people are so judgemental about what other people are doing with THEIR money.
    If the guy wants to buy a bike, he buys a bike.
    If he had kept that money in a 401K and died before he could use it, then the buying the bike was the right choice for him.
     
  18. bing!

    bing! Active Member

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    Sung to the tune of Stevie Wonders greatest hit...

    Isn't it funny..
    Isn't it wonderful
    Isn't it precious
    Posts less than one minute old
    I never thought through posts we'd be
    Laughing as hard as are we
    But isn't it funny, made by me...

    [​IMG]
     
  19. crispy

    crispy Wannabe

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    I think it was in the comments section of the article, but spending $20K on a bike is no different than someone spending $150K+ on a car. Are people buying Ferrari's and Lambo's driving them to the limit? No, they just want a cool car (that they might not be able to afford). So, as far as spending $20k on a bike, maybe the guy just wanted a very nice custom ti bike. Nothing with that.

    As far as taking the money from his 401K, we don't know how much he has in there, what penalties he may have incurred, etc... Maybe he's well enough off and has his other money tied up in investments. Only he knows.
     
  20. skyungjae

    skyungjae Member

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    Well, he's got a 2007 Honda Civic, so I know he's doing better than me.
     

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