Author Topic: I make $500,000 a year and I still ride a scooter  (Read 18006 times)

seattleite

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I make $500,000 a year and I still ride a scooter
« on: November 24, 2015, 11:47:09 AM »
The other day someone I know made a comment to me concerning my ownership of a scooter. He basically said that it wasn't manly and that he'd never ride a scooter because it would make it difficult to pick up girls or something like that. The implication was that it makes me look poor and girls don't like that. I let it slide since I didn't really care. He's much younger than me and much more concerned about what others think of him.

A couple of days later while I was riding the scooter back from work I passed some young people and thought again about the statement that it makes it look like I can't afford a car and I laughed to myself because of this:

I make $500,000 a year in income and have a pretty decent net worth and I still ride my scooter to work.

That made me chuckle. I hadn't ever though about this dichotomy before. I started riding a scooter to work long, long ago when my income was much less. In recent years my income has skyrocketed and I didn't even consider getting a car, expensive or not.

I guess I unintentionally resisted lifestyle inflation.

And I guess I'm kind of ok with people thinking that I'm poor.


2lazy2retire

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Re: I make $500,000 a year and I still ride a scooter
« Reply #1 on: November 24, 2015, 11:50:06 AM »
have a blue peter badge

big_slacker

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Re: I make $500,000 a year and I still ride a scooter
« Reply #2 on: November 24, 2015, 12:04:48 PM »
The other day someone I know made a comment to me concerning my ownership of a scooter. He basically said that it wasn't manly and that he'd never ride a scooter because it would make it difficult to pick up girls or something like that.

I'd give you shit for it too if I knew you haha! But in a friendly way, not mean spirited.

He is right about dating though, only a small subset of women are gonna wanna be picked up for a date on a scooter, and the weather has to be right, you need an extra helmet, etc... FWIW My first date with my wife I picked her up on a motorcycle.

OTOH you make 500k a year and can uber it. ;)

Ricky

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Re: I make $500,000 a year and I still ride a scooter
« Reply #3 on: November 24, 2015, 12:10:21 PM »
You must be new here.

Davids

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Re: I make $500,000 a year and I still ride a scooter
« Reply #4 on: November 24, 2015, 12:38:47 PM »
You make $500k/yr, mind me asking what is your current net worth.

Bearded Man

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Re: I make $500,000 a year and I still ride a scooter
« Reply #5 on: November 24, 2015, 12:47:03 PM »
I imagine with that kind of income, and probably a very high NW, you really don't much care what other people think. Honestly, with that kind of income, I wouldn't either, and rightly so. I've actually posted on some of the forums about considering a scooter. It's a bit impractical for me right now, here, because I have to use the freeway where most of the IT jobs are these days but if I didn't, I'd get one. Alas, if I didn't need to take the freeways to working in Seattle, so I'd likely be taking the train, and I can easily bike to that, about 2 miles away.

Gone Fishing

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Re: I make $500,000 a year and I still ride a scooter
« Reply #6 on: November 24, 2015, 12:51:43 PM »
Sounds badass to me!  Should be in the share your badassity category!

Not terribly rare, but I didn't have a car in college.  Some would say this was an impediment to my dating life.  However, to my benefit, it removed all the women that worried about such things from my possible dating pool.     

TravelJunkyQC

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Re: I make $500,000 a year and I still ride a scooter
« Reply #7 on: November 24, 2015, 01:07:19 PM »
Honestly, any man who picks me up on a scooter clearly has nothing to prove to anyone - which is super hot in my opinion. Pick me up in a new BMW and I will judge you the entire evening.

Bertram

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Re: I make $500,000 a year and I still ride a scooter
« Reply #8 on: November 24, 2015, 01:12:02 PM »
Well, it depends on the scooter - and on the country you are in, I guess. In several european countries scooters are just a part of normal, and with the right scooter you did get more looks than with any average car.

And it's much, much easier to interact with people when you are on a two-wheeler than in any car, simply because on a scooter/bike/motorcycle, you are perceived as a human first, and a motorist second. Whereas in a car, you are first noticed as a huge chunk of deathly metal flying down the street, with the afterthought that is operated by a tiny human inside it.

bacchi

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Re: I make $500,000 a year and I still ride a scooter
« Reply #9 on: November 24, 2015, 01:30:28 PM »
At $500k/yr, with no lifestyle inflation, and given your age, you must be FI and like working.

Cougar

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Re: I make $500,000 a year and I still ride a scooter
« Reply #10 on: November 24, 2015, 01:35:27 PM »
If you are comfortable riding a scooter; don't worry about it.

I would not feel comfortable given that no matter where i live, there is going to be rain, snow, traffic, stray dogs and unpredictable people and having had a scooter under those conditions; one wet road and you are on the pavement.; i know from experience.

But i'm the same way, my grand cherokee is about to be 8 years old and i'm keeping it until it's at least 10. it still looks good and reasonably new for 8 years old.
(i actually told my dad it's a 2010 since he knows what i make and how much money i have and is always harping on me to spend money. since he's not a jeep person, he bought it.)

If there was one thing wild i would spend money on it would be to travel charter planes. the idea of not dealing with a lot of security, checking bags and having nice comfortable seats would be worth it for long flights if you make enough to where it doesnt matter. why rich senior citizens do not do this; i dont know.

RelaxedGal

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Re: I make $500,000 a year and I still ride a scooter
« Reply #11 on: November 24, 2015, 01:52:27 PM »
How has the thread gone this long without someone linking to the Mackelmore "Downtown" video?

There, fixed it.

kudy

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Re: I make $500,000 a year and I still ride a scooter
« Reply #12 on: November 24, 2015, 06:30:20 PM »
What do you do for a living?

James

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Re: I make $500,000 a year and I still ride a scooter
« Reply #13 on: November 24, 2015, 06:58:21 PM »
I ride my scooter to work, and the last two days were 12 degrees and 20 degree outside on the way in, a bit warmer on the way home. Biking is actually more comfortable, getting your legs pumping warms you up and less wind in the face, but I really enjoy the scooter so I ride it when I want to. Other times I bike, and I drive when I need to, like when it rains heavily, I'm on call, or when I work 60 miles away. (The scooter is actually my son's, but he is in Switzerland for the year)


I think if you clearly enjoy riding the scooter, it isn't going to be seen as "less manly", I think it will be seen as "eccentric". And if I was looking for a woman (I'm married) I would drive a scooter just to weed out any that considered that "less manly"... :)  But mostly I would continue to ride it because it's a hell of a lot of fun, and more efficient and cheaper to boot.

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Re: I make $500,000 a year and I still ride a scooter
« Reply #14 on: November 24, 2015, 07:22:59 PM »
Can you lend it to my bf so he can pick me up for a date on a scooter? Neither of us makes 500k yet

I can see it not working on a date if s/he isn't dressed for scooter riding or doesn't want that much body contact yet... but that's why they make buses as your all weather/any outfit option 


CCCA

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Re: I make $500,000 a year and I still ride a scooter
« Reply #15 on: November 24, 2015, 08:19:31 PM »
Having young kids at first I was imagining a kids kick scooter like a razor or xootr. But then there was discussion of pickin up dates on the scooter and o was confused.  But maybe a date would find it cool if you brought one for her to ride as well.

2ndTimer

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Re: I make $500,000 a year and I still ride a scooter
« Reply #16 on: November 25, 2015, 07:38:18 AM »
Welcome to the club.  Our household income is around 100K and I ride the bus with the free pass I get for taking a Music Class at the community college.

big_slacker

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Re: I make $500,000 a year and I still ride a scooter
« Reply #17 on: November 25, 2015, 08:14:28 AM »
How has the thread gone this long without someone linking to the Mackelmore "Downtown" video?

There, fixed it.

Exactly what I thought of, lol! Guy's name is seattlite and he rides a scooter. I replied on my phone and meant to come back and link the vid but forgot. :)

Real talk though, why a scooter and not a used motorcycle? I was a motorcycle only (no car) commuter for years and can't imagine being in traffic and not having the throttle or brakes of a real bike to get out of trouble. Is it the M endorsement or insurance? Surely it's not pure cost of the vehicle?

Noticed he lives in the bay area as well. Lane splitting FTW!

smalllife

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Re: I make $500,000 a year and I still ride a scooter
« Reply #18 on: November 25, 2015, 08:27:43 AM »
Real talk though, why a scooter and not a used motorcycle? I was a motorcycle only (no car) commuter for years and can't imagine being in traffic and not having the throttle or brakes of a real bike to get out of trouble. Is it the M endorsement or insurance? Surely it's not pure cost of the vehicle?

Because a scooter doesn't require you to straddle the vehicle (and as a female that allows me to still wear dresses and skirts) and is easier to deal with in my opinion.  I don't have to worry about shifting gears, stalling out, etc. that I would with a motorcycle.  Not understanding how the lack of a throttle matters in traffic ... I stop and go just fine and my brakes are awesome.

I do have the M endorsement and insurance, but opted for a scooter because it fits me and my life better.

big_slacker

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Re: I make $500,000 a year and I still ride a scooter
« Reply #19 on: November 25, 2015, 08:46:48 AM »
Real talk though, why a scooter and not a used motorcycle? I was a motorcycle only (no car) commuter for years and can't imagine being in traffic and not having the throttle or brakes of a real bike to get out of trouble. Is it the M endorsement or insurance? Surely it's not pure cost of the vehicle?

Because a scooter doesn't require you to straddle the vehicle (and as a female that allows me to still wear dresses and skirts) and is easier to deal with in my opinion.  I don't have to worry about shifting gears, stalling out, etc. that I would with a motorcycle.  Not understanding how the lack of a throttle matters in traffic ... I stop and go just fine and my brakes are awesome.

I do have the M endorsement and insurance, but opted for a scooter because it fits me and my life better.

This was directed at the OP but I get your points. Scooters are easy. No experience with wearing skirts but seems like awful protection if you lay it down at speed.

Not understanding how throttle matters in traffic: Ever gone through a yellow and had a school bus run the red behind you and need acceleration to get out of the way? (True story, haha!) Ever had an aggro cage riding your ass and need to get some distance? Same with brakes, the infamous left turn in front of a rider being a great example. I think scooters don't weigh much but I'm pretty sure most have small drum brakes. I guess if you're not going that fast to begin with it's not such a huge deal, I was riding in Vegas where everything is 45mph and people are doing 50-60. I always saw scooters riding around and thought those riders were crazy.

Anyway, probably a bit of a threadjack. Just stay safe out there! :)

Gyosho

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Re: I make $500,000 a year and I still ride a scooter
« Reply #20 on: November 25, 2015, 09:23:55 AM »
I'm also a Bay Areanite and ride a scooter, although I don't make $500,000 a year (yet).

The local traffic, weather, and parking make scooters the perfect Bay Area transporation.

smalllife

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Re: I make $500,000 a year and I still ride a scooter
« Reply #21 on: November 25, 2015, 09:26:31 AM »
This was directed at the OP but I get your points. Scooters are easy. No experience with wearing skirts but seems like awful protection if you lay it down at speed.

Not understanding how throttle matters in traffic: Ever gone through a yellow and had a school bus run the red behind you and need acceleration to get out of the way? (True story, haha!) Ever had an aggro cage riding your ass and need to get some distance? Same with brakes, the infamous left turn in front of a rider being a great example. I think scooters don't weigh much but I'm pretty sure most have small drum brakes. I guess if you're not going that fast to begin with it's not such a huge deal, I was riding in Vegas where everything is 45mph and people are doing 50-60. I always saw scooters riding around and thought those riders were crazy.

Anyway, probably a bit of a threadjack. Just stay safe out there! :)

I'm riding city traffic. 25-35mph.  There's two roads where I need to keep up with 45mph or slightly over, but since I *can* get up to 55mph it's not an issue.  That's one of the reasons we went with the "motorcycle" scooter, to avoid being the 50cc chugging along at 35mph.  I've got a zippy 170cc engine so acceleration isn't an issue (I can beat most cars out of the gate) and the brakes could throw me off if I'm not careful (front is disc, rear is drum).  I was just curious why a motorcycle would be better :-)

Scooters are a great middle ground between a 1 and 2 car family - even though I'll likely never make $500k a year!

Bertram

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Re: I make $500,000 a year and I still ride a scooter
« Reply #22 on: November 25, 2015, 11:54:28 AM »
Hehe, I've seen the discussion on scooter vs motorcycle a lot when it comes to commuting. It's hard to pin down and it depends a lot on the specifics. For a lot of city driving, you really, really appreciate not having to clutch manually all the time, you want low weight, high maneuverability and good economy. If you drive a lot on open roads, you want a bit of power, some wind protection, and high speed stability (=long wheelbase, large diameter wheels, etc.). Then of course the weather, the width of the streets, the legality and ability to lane split/filter and so on comes into play.

But even when all is said and done, it's not clear. There are Burgman 400ccm scooters that cost more than a small car, and there are motorcycles that are cheaper and nimbler than plenty of scooters. It really comes down to specific vehicles, not broad categories. My personal go-to two-wheelers for commuting are:
- Honda wave - a perfect 100cc scooter which is cheap, super economic, fast, reliable, very nimble, still comes with 17" wheels and is super light (100kg). I think nothing beats it in terms of economy. Probably why millions and millions of people use it everyday).
- Honda NC 700/750 models. Dual-Clutch, more power, more comfort, more storage room, yet still insanely economical (for what it offers). Probably the better alternative for out of city riding and longer range.

I am sure once the prices for e-bikes and e-scooters come down, it will become even more interesting. Also electric kick-scooters, self-balancing e-boards and whatever crazy hybrid for hip urbanites is hyped next summer (like the sbyke or the half-bike or ...). I am getting all excited... but I'll stick with my plain old kick scooter for now. ^^

Geldsnor

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Re: I make $500,000 a year and I still ride a scooter
« Reply #23 on: November 25, 2015, 12:03:32 PM »
I think the title of the topic should be: "I make $500,000 a year and I am still not retired".

Please give some insight in your expenses, you are in the right place for help. A good start would be ditching the scooter and getting a bicycle.

big_slacker

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Re: I make $500,000 a year and I still ride a scooter
« Reply #24 on: November 25, 2015, 12:21:47 PM »
Hehe, I've seen the discussion on scooter vs motorcycle a lot when it comes to commuting. It's hard to pin down and it depends a lot on the specifics. For a lot of city driving, you really, really appreciate not having to clutch manually all the time, you want low weight, high maneuverability and good economy. If you drive a lot on open roads, you want a bit of power, some wind protection, and high speed stability (=long wheelbase, large diameter wheels, etc.). Then of course the weather, the width of the streets, the legality and ability to lane split/filter and so on comes into play.

But even when all is said and done, it's not clear. There are Burgman 400ccm scooters that cost more than a small car, and there are motorcycles that are cheaper and nimbler than plenty of scooters. It really comes down to specific vehicles, not broad categories. My personal go-to two-wheelers for commuting are:
- Honda wave - a perfect 100cc scooter which is cheap, super economic, fast, reliable, very nimble, still comes with 17" wheels and is super light (100kg). I think nothing beats it in terms of economy. Probably why millions and millions of people use it everyday).
- Honda NC 700/750 models. Dual-Clutch, more power, more comfort, more storage room, yet still insanely economical (for what it offers). Probably the better alternative for out of city riding and longer range.

I am sure once the prices for e-bikes and e-scooters come down, it will become even more interesting. Also electric kick-scooters, self-balancing e-boards and whatever crazy hybrid for hip urbanites is hyped next summer (like the sbyke or the half-bike or ...). I am getting all excited... but I'll stick with my plain old kick scooter for now. ^^

Yeah, it is an interesting choice. I used to work with a guy in Vegas who rode a 600cc honda silverwing scooter. He was in his early 70's and had a hip problem that made it difficult to throw a leg over a motorcycle and clutch work in traffic would have sucked for him. He was on the freeway doing 80 on that thing!

It is a fun time with all these options.

MandyM

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Re: I make $500,000 a year and I still ride a scooter
« Reply #25 on: November 25, 2015, 12:22:35 PM »
I think the title of the topic should be: "I make $500,000 a year and I am still not retired".

Please give some insight in your expenses, you are in the right place for help. A good start would be ditching the scooter and getting a bicycle.

To be fair, he also said "in recent years my income has skyrocketed". Plus, he may love his job. I'm not sure we have to tear this guy down...that would essentially be making the same amount of assumptions as someone that thinks he is poor since he doesn't have a car.

James

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Re: I make $500,000 a year and I still ride a scooter
« Reply #26 on: November 25, 2015, 12:35:40 PM »
I had a Burgman 650, that is a hell of a lot of fun. Rides fast and powerful like a bike, but easy and lots of storage like a scooter. Went down on me while out in the country, hit some slick pea rock coming up to a corner, watched it go end over end ahead of me as we slid through the grass...


Anyway, powerful scooters are certainly fun, I wouldn't mind having one again. But the mileage isn't anything great, kind of like a larger motorcycle, they are fun but aren't any better than my prius so it's just a toy in my view.

SwordGuy

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Re: I make $500,000 a year and I still ride a scooter
« Reply #27 on: November 25, 2015, 12:49:59 PM »
Not terribly rare, but I didn't have a car in college.  Some would say this was an impediment to my dating life.  However, to my benefit, it removed all the women that worried about such things from my possible dating pool.     

YES!!!

That is a priceless gift - that of not wasting your time with people who aren't worth it.

The Beacon

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Re: I make $500,000 a year and I still ride a scooter
« Reply #28 on: November 25, 2015, 01:24:02 PM »
I think the title of the topic should be: "I make $500,000 a year and I am still not retired".

Please give some insight in your expenses, you are in the right place for help. A good start would be ditching the scooter and getting a bicycle.

That is called "humble bragging"...  The scooter part is irreverent in this context.


If i were making that much and I love my job, I would not be here on this forum.
« Last Edit: November 25, 2015, 01:26:23 PM by Sharpy »

James

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Re: I make $500,000 a year and I still ride a scooter
« Reply #29 on: November 25, 2015, 02:41:35 PM »
I think the title of the topic should be: "I make $500,000 a year and I am still not retired".

Please give some insight in your expenses, you are in the right place for help. A good start would be ditching the scooter and getting a bicycle.

That is called "humble bragging"...  The scooter part is irreverent in this context.


If i were making that much and I love my job, I would not be here on this forum.


I agree with the humble brag, that was my first thought :D  But a humble brag about driving a scooter isn't too bad...

Regarding making that much and being on the forum, I think you don't understand the power of consumption. I make half that, I love my job, and you could say the same thing, why the hell am I here? I spent almost everything I made for years and years, you can do that at any salary, and many at high salaries actually save less percentage wise than those at low salaries. This is a great place for high wage earners who need a punch in the face, or just friendly comradery and advice.
« Last Edit: November 25, 2015, 02:48:13 PM by James »

seattleite

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Re: I make $500,000 a year and I still ride a scooter
« Reply #30 on: November 25, 2015, 02:44:14 PM »
I think the title of the topic should be: "I make $500,000 a year and I am still not retired".

Please give some insight in your expenses, you are in the right place for help. A good start would be ditching the scooter and getting a bicycle.

Ha ha, I was expecting this comment. I've only been making this much for two years. Before that I was making under $100k. Yes, a very big jump in income. I can't explain it.

Before the massive jump in income my wife and I were pretty good savers, not at the MMM level, but definitely better than the masses, maybe 20% savings rate for a decade. With this big income the amount we're saving each year has accelerated quite a bit, but again, we've only been at this level for two years. Note that taxes get kind of insane at this income level, especially in California. My income after taxes is more like $320,000. We save a good chunk of that, the stupid Bay Area rent is the only out-of-the-ordinary expense we have.

We have enough of a stash to FIRE ourselves right now if we left the Bay Area and lived just about anywhere else on earth. But, we aren't quite ready to pull the trigger. Maybe in a year, maybe two. We need to figure a few more things out first and we might as well keep saving like this before the company figures out they've made a mistake in hiring me (yes I have a bad case of imposter syndrome).

sixup

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Re: I make $500,000 a year and I still ride a scooter
« Reply #31 on: November 25, 2015, 04:00:43 PM »
I'm a 210 lb man that can squat and deadlift over 500lbs, I ride a 50cc scooter. Just got in from a ride in the rain.

I would argue that scooters are very manly. Think about it.  They don't have the acceleration of a large motorcycle to get out of the way of idiots. You typically have to ride on the side of the road if it is a 35mph+ road. They're small and fairly low to the ground, so lack even more visibility. These features make scooters probably the most dangerous vehicle you can ride on main roads thus requires the utmost courage and skill (which I'd say are manly qualities).

Plus there's manliness in the fact of not giving a shit if people think you're manly or not for riding one. And the manliness of potentially retiring early because you didn't spend silly amounts of money trying to impress people with your car. :-D


GoldenNeko

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Re: I make $500,000 a year and I still ride a scooter
« Reply #32 on: November 25, 2015, 04:07:27 PM »
I think the title of the topic should be: "I make $500,000 a year and I am still not retired".

Please give some insight in your expenses, you are in the right place for help. A good start would be ditching the scooter and getting a bicycle.

Ha ha, I was expecting this comment. I've only been making this much for two years. Before that I was making under $100k. Yes, a very big jump in income. I can't explain it.

Before the massive jump in income my wife and I were pretty good savers, not at the MMM level, but definitely better than the masses, maybe 20% savings rate for a decade. With this big income the amount we're saving each year has accelerated quite a bit, but again, we've only been at this level for two years. Note that taxes get kind of insane at this income level, especially in California. My income after taxes is more like $320,000. We save a good chunk of that, the stupid Bay Area rent is the only out-of-the-ordinary expense we have.

We have enough of a stash to FIRE ourselves right now if we left the Bay Area and lived just about anywhere else on earth. But, we aren't quite ready to pull the trigger. Maybe in a year, maybe two. We need to figure a few more things out first and we might as well keep saving like this before the company figures out they've made a mistake in hiring me (yes I have a bad case of imposter syndrome).

I used to suffer of impostor syndrome. You need to cure yourself.
Think about all the incompetent persons that, in your career, you saw at very, very good earnings.
Then explain: if they deserve these jobs, why shouldn't you?
Now, maybe I'm incompetent, but a least, I'm better paid (though not at your salary indeed! Congrats for having such a cash-machine job! That is competence in itself!)

 

big_slacker

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Re: I make $500,000 a year and I still ride a scooter
« Reply #33 on: November 25, 2015, 05:52:48 PM »
It's even manlier if you do it wearing a pink tutu and a tube top. :)

I'm a 210 lb man that can squat and deadlift over 500lbs, I ride a 50cc scooter. Just got in from a ride in the rain.

I would argue that scooters are very manly. Think about it.  They don't have the acceleration of a large motorcycle to get out of the way of idiots. You typically have to ride on the side of the road if it is a 35mph+ road. They're small and fairly low to the ground, so lack even more visibility. These features make scooters probably the most dangerous vehicle you can ride on main roads thus requires the utmost courage and skill (which I'd say are manly qualities).

Plus there's manliness in the fact of not giving a shit if people think you're manly or not for riding one. And the manliness of potentially retiring early because you didn't spend silly amounts of money trying to impress people with your car. :-D
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« Last Edit: November 26, 2015, 08:09:04 AM by big_slacker »

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Re: I make $500,000 a year and I still ride a scooter
« Reply #34 on: November 25, 2015, 06:14:40 PM »
Well, it depends on the scooter - and on the country you are in, I guess. In several european countries scooters are just a part of normal, and with the right scooter you did get more looks than with any average car.

This.  A very hot, Spanish "friend" took me home on his Vespa after a coffee date once.  It was thrilling :)

patrickza

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Re: I make $500,000 a year and I still ride a scooter
« Reply #35 on: November 26, 2015, 07:04:51 AM »
Ok this is not very PC, but whenever I think of a scooter I'm always reminded of a joke a school friend once told me:

Why is a scooter like a fat woman?

They're both fun to ride until your friends find out :)

big_owl

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Re: I make $500,000 a year and I still ride a scooter
« Reply #36 on: November 26, 2015, 10:03:52 AM »
I'm currently deciding between a Ducati Multistrada 1100S and a late model Ducati 998.  Waaaaay more fun than a scooter.  You only live once....ha.

AlexK

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Re: I make $500,000 a year and I still ride a scooter
« Reply #37 on: November 26, 2015, 10:36:03 AM »
I have had several women tell me they think it's hot that I am not self conscious to ride a scooter. I even rode around downtown Reno during the Street Vibrations biker event with a huge smile on my face. It is definitely not preventing you from meeting women (the good ones anyway).

MrFrugalChicago

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Re: I make $500,000 a year and I still ride a scooter
« Reply #38 on: November 26, 2015, 02:23:49 PM »
Maybe it is super rare but my old pastor was riding a scooter in downtown Chicago and got nailed by a car I think running a stop sign. He can no longer feed himself or walk on his own.

For some reason I feel safe on a bike but not a scooter. Not sure what the actual accident differences are between the two. Go a little slower on a bike but not much.

HPstache

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Re: I make $500,000 a year and I still ride a scooter
« Reply #39 on: November 26, 2015, 07:07:19 PM »
I want to see what a written budget for $26,667/mo looks like.

beberly37

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Re: I make $500,000 a year and I still ride a scooter
« Reply #40 on: November 26, 2015, 09:20:27 PM »
I went 4 years with a scooter (150cc aprilia) as my only form of transportation other than bumming rides.  I put nearly 30,000 miles on that scoot before kids and a job with a non-scootable commute.  Sold it after replacing the battery when it wouldn't hold a charge, only to have that battery fail because my scoot sat parked for a year without even starting it. 

As for manly, in my experience, girls prefer inches to cc's (sorry if that too sophomoric) and have you ever seen Quadrophenia?  Doesn't get much cooler than that, especially if you are like me and avoid popular things.

As far as safety, nearly everyone I know who been in a motorcycle accident had someone from opposing traffic turn left in front of them.  I don't have the stats on hand, but I vaguely recall that is the most common accident.  Aside from not going as fast on a bicycle, a scoot is more visible and should have a shorter stopping distance.  But the engine doesn't have any impact on whether or not they don't see you and turn in front of you. 

Camarillo Brillo

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Re: I make $500,000 a year and I still ride a scooter
« Reply #41 on: November 27, 2015, 10:31:37 AM »
I want to see what a written budget for $26,667/mo looks like.
Hah, I'll bite even though I know I'll get crucified.  I make $800K/year and save $500K, with most of that in tax deferred accounts.  So, I know I will eventually have to pay tax on those tax deferred amounts. 

Of the remaining $300k I net about $180k, or about $15K/ month.  I pay $2,500/month for mortgage, real estate taxes and home insurance, $2,500 goes into savings, and I give my elderly mom $750/month.  We spend on average about $800/month for sports activities for each of our 2 sons.  We spend about $10k/year on vacations.  We buy only used cars and always pay cash.  Beyond those expenses I have no fricken clue where the rest of the money goes. 

My wife is very high maintenance and spends a shit-load on her appearance.  And she looks unbelievable for her age.  And I just don't care about the fact so much $$ seems to be slipping through the cracks.  We've accumulated so much $$ I seriously doubt we'll be able to spend it all.  Beyond maintaining our current life style I have no interest in changing anything.

So when I read the original post in this thread I kind of felt the same way as the OP.  Even though I don't ride a scooter our newest car is a 2009 and no one I know has any clue we make as much $$ as we do.  Bash away : - )
« Last Edit: November 27, 2015, 11:12:34 AM by Camarillo Brillo »

sunday

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Re: I make $500,000 a year and I still ride a scooter
« Reply #42 on: November 27, 2015, 11:00:34 AM »
What kind of tax deferred accounts let you put away half a million a year?

Camarillo Brillo

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Re: I make $500,000 a year and I still ride a scooter
« Reply #43 on: November 27, 2015, 11:08:16 AM »
What kind of tax deferred accounts let you put away half a million a year?
A combination of accounts.  401K plus employer match, profit sharing deposited into my non-qual account, I put $160K directly into my non-qual account, and then another $175K goes into another non-qual account.  The rest of the 500K we save is post-tax $$.

sunday

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Re: I make $500,000 a year and I still ride a scooter
« Reply #44 on: November 27, 2015, 11:20:58 AM »
No bashing. But I'm curious what line of work you're in that you make 800k a year, and why you're on the forum. Do you plan on retiring soon? You're already FI.

HPstache

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Re: I make $500,000 a year and I still ride a scooter
« Reply #45 on: November 27, 2015, 11:29:48 AM »
I want to see what a written budget for $26,667/mo looks like.
Hah, I'll bite even though I know I'll get crucified.  I make $800K/year and save $500K, with most of that in tax deferred accounts.  So, I know I will eventually have to pay tax on those tax deferred amounts. 

Of the remaining $300k I net about $180k, or about $15K/ month.  I pay $2,500/month for mortgage, real estate taxes and home insurance, $2,500 goes into savings, and I give my elderly mom $750/month.  We spend on average about $800/month for sports activities for each of our 2 sons.  We spend about $10k/year on vacations.  We buy only used cars and always pay cash.  Beyond those expenses I have no fricken clue where the rest of the money goes. 

My wife is very high maintenance and spends a shit-load on her appearance.  And she looks unbelievable for her age.  And I just don't care about the fact so much $$ seems to be slipping through the cracks.  We've accumulated so much $$ I seriously doubt we'll be able to spend it all.  Beyond maintaining our current life style I have no interest in changing anything.

So when I read the original post in this thread I kind of felt the same way as the OP.  Even though I don't ride a scooter our newest car is a 2009 and no one I know has any clue we make as much $$ as we do.  Bash away : - )


I meant like a full line by line every dollar type budget... maybe those go out the window when you make a ton of money though...

bye-bye Ms. FancyPants

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Re: I make $500,000 a year and I still ride a scooter
« Reply #46 on: November 27, 2015, 11:49:01 AM »
I think the title of the topic should be: "I make $500,000 a year and I am still not retired".

Please give some insight in your expenses, you are in the right place for help. A good start would be ditching the scooter and getting a bicycle.

Ha ha, I was expecting this comment. I've only been making this much for two years. Before that I was making under $100k. Yes, a very big jump in income. I can't explain it.

Before the massive jump in income my wife and I were pretty good savers, not at the MMM level, but definitely better than the masses, maybe 20% savings rate for a decade. With this big income the amount we're saving each year has accelerated quite a bit, but again, we've only been at this level for two years. Note that taxes get kind of insane at this income level, especially in California. My income after taxes is more like $320,000. We save a good chunk of that, the stupid Bay Area rent is the only out-of-the-ordinary expense we have.

We have enough of a stash to FIRE ourselves right now if we left the Bay Area and lived just about anywhere else on earth. But, we aren't quite ready to pull the trigger. Maybe in a year, maybe two. We need to figure a few more things out first and we might as well keep saving like this before the company figures out they've made a mistake in hiring me (yes I have a bad case of imposter syndrome).

I used to suffer of impostor syndrome. You need to cure yourself.
Think about all the incompetent persons that, in your career, you saw at very, very good earnings.
Then explain: if they deserve these jobs, why shouldn't you?
Now, maybe I'm incompetent, but a least, I'm better paid (though not at your salary indeed! Congrats for having such a cash-machine job! That is competence in itself!)


omg, "imposter" syndrome! I have that also, but had NO idea that was my diagnosis :) I had a measly (compared to this case) jump in salary of $30 grand about a year ago. I have been feeling guilty and literally waiting to be fired everyday since, lol.  The bright side of consistently waiting to be axed (besides the raise): it has really made sure we have not inflated our lifestyle!


GuitarStv

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Re: I make $500,000 a year and I still ride a scooter
« Reply #47 on: November 27, 2015, 11:51:35 AM »
It's even manlier if you do it wearing a pink tutu and a tube top. :)

Nonsense.  Real men ride to work in garishly colored form fitting spandex.

dude

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Re: I make $500,000 a year and I still ride a scooter
« Reply #48 on: November 27, 2015, 12:15:17 PM »
No bashing. But I'm curious what line of work you're in that you make 800k a year, and why you're on the forum. Do you plan on retiring soon? You're already FI.

I'm guessing I-banking?

big_slacker

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Re: I make $500,000 a year and I still ride a scooter
« Reply #49 on: November 27, 2015, 06:46:23 PM »
It's even manlier if you do it wearing a pink tutu and a tube top. :)

Nonsense.  Real men ride to work in garishly colored form fitting spandex.

It is true, nothing says manly like neon yellow nut huggers.