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Posted on 8/3/14 at 12:18 am to 911Moto
quote:
Maybe you're just young or stupid (or maybe old and stupid), but I hope you never have to learn that no amount of money is worth losing the ability to do all the things you love.
I'm an accountant, so forgive my interest. Disability does not pay $130K/yr. Was there a lawsuit? I am very confused. Taxpayer money? There is no way. People on disability are usually poor, unless there was a lawsuit. Forgive my ignorance. I never met anyone who could sustain your lifestyle on disability.
ETA: Insurance, nevermind
This post was edited on 8/3/14 at 12:19 am
Posted on 8/3/14 at 12:19 am to WG_Dawg
quote:
when I retire with my millilons and you're still living paycheck to paycheck, despite you making 3 to 4 times what I make a year.
You gonna retire with them millies with 40k/year?
Posted on 8/3/14 at 12:20 am to liz18lsu
quote:
Forgive my ignorance
Nah, it's not you..apparently it's commonplace for people who aren't physically able to golf and motocross collect $130K a year. That's how disability works, right?
Posted on 8/3/14 at 12:21 am to stout
65. By then I'll have my inheritance. 
For the record, you used to be able to get good own-occupation disability insurance for cheaper than car insurance. You could insure about 70% of your income, tax free. My policy was purchased in the early '90s and had automatic increase options - even after my surgery. Too much fraud eliminated those types of policies. Dentists claiming carpal tunnel were a major contributor to that. But they were too easily caught. Trust me when I say no amount of money is worth losing the ability to do the things you love. I'd give my left nut to be able to throw a leg over a dirtbike again.
For the record, you used to be able to get good own-occupation disability insurance for cheaper than car insurance. You could insure about 70% of your income, tax free. My policy was purchased in the early '90s and had automatic increase options - even after my surgery. Too much fraud eliminated those types of policies. Dentists claiming carpal tunnel were a major contributor to that. But they were too easily caught. Trust me when I say no amount of money is worth losing the ability to do the things you love. I'd give my left nut to be able to throw a leg over a dirtbike again.
This post was edited on 8/3/14 at 12:24 am
Posted on 8/3/14 at 12:21 am to Deactived
quote:
You gonna retire with them millies with 40k/year?
I make more than that. I also have 2 retirement accounts through work that my employer matches a good bit on, and opened an IRA in my mid 20s as well.
Compound interest is a wonderful thing.
Posted on 8/3/14 at 12:24 am to 911Moto
quote:
65. By then I'll have my inheritance.
You will also have a few years to save a little once your 14 year old is out like you said.
It's your money and life so enjoy it as you want. I am not hating on you like others. I was genuinely curious.
Posted on 8/3/14 at 12:24 am to WG_Dawg
Ah OK. I was going by your 3-4x of the 130k moto makes.
Congrats on your future millions
Congrats on your future millions
Posted on 8/3/14 at 12:26 am to 911Moto
quote:
65. By then I'll have my inheritance.
Don't want to give your kid the same luxury will be able to afford?
You gonna pass that down to or be selfish and blow it too?
Posted on 8/3/14 at 12:28 am to 911Moto
quote:
911Moto
I think it is the bragging about the ridiculous money you pull in, while you complain out the other side of your mouth. It's actually infuriating. If you can't do the things you love, blah, blah, blah, then don't put it in people's faces about how careless and extravagantly you live.It sounds hypocritical. You sound like you think your disability gives you a pass on humility. I know you have been humbled in life, I get that. But your words sound very much like
Posted on 8/3/14 at 12:29 am to stout
It's funny how some people actually think I have it made to "retire" at that young of an age while maintaining income. I would happily work at half my old income if it meant doing even a couple of the things I used to be able to do. It might be different if I were 60. But I had just started racing MX at age 34, and started racing streetbikes after age 40. I had friends still racing motocross at over age 60. Being done at 44 - that's a LOT of wasted years ahead.
This post was edited on 8/3/14 at 12:31 am
Posted on 8/3/14 at 12:31 am to liz18lsu
quote:
You sound like you think your disability gives you a pass on humility. I know you have been humbled in life, I get that. But your words sound very much like
He has the same mentality of the people in trailer parks who have 20" rims on a brand new leased cadlillac but can't wipe their arse or pay their light bill.
It's just money! Can't take it with you! Enjoy life! Spend while you can! It's a stupid mindset and will catch up with him eventually.
Posted on 8/3/14 at 12:32 am to 911Moto
quote:
It's funny how some people actually think I have it made to "retire" at that young of an age while maintaining income. I would happily work at half my old income if it meant doing even a couple of the things I used to be able to do. It might be different if I were 60. But I had just started racing MX at age 34, and started racing streetbikes after age 40. I had friends still racing motocross at over age 60. Being done at 44 - that's a LOT of wasted years ahead.
I was a high level gymnast who ruptured an Achilles at 17. Ended my career. The body gives out. It sucks, but it happens. I don't understand lamenting about things that can't be helped or changed. You and you family live a marvelous life, according to you. Are you miserable or ecstatic? I can't tell.
Posted on 8/3/14 at 12:35 am to liz18lsu
quote:
I think it is the bragging about the ridiculous money you pull in, while you complain out the other side of your mouth. It's actually infuriating. If you can't do the things you love, blah, blah, blah, then don't put it in people's faces about how careless and extravagantly you live.It sounds hypocritical. You sound like you think your disability gives you a pass on humility. I know you have been humbled in life, I get that. But your words sound very much like
There's one flaw in your reasoning - I lived exactly the same way for 19 years BEFORE I was disabled. It's a philosophy of life - I simply feel that one should enjoy every minute to the fullest. I'm sure it has something to do with watching my first boss die at age 42 - the million or more he had stashed away did him no good when he was dead.
ETA: if I die tomorrow, I have a million dollar insurance policy to take care of my family.
This post was edited on 8/3/14 at 12:36 am
Posted on 8/3/14 at 12:37 am to 911Moto
quote:
I'm sure it has something to do with watching my first boss die at age 42 - the million or more he had stashed away did him no good when he was dead.
YOu realize that was a special case, and dying at 42 isn't normal...right?
Just because it happened to him doesn't mean you have to live "paycheck to paycheck", as you claim you do. There is literally NO EXCUSE for someone with your income to live paycheck to paycheck.
None. At all. Whatsoever.
Posted on 8/3/14 at 12:37 am to 911Moto
This thread is entertaining on some many levels.
Keep supporting your position 911, I can't help but try to understand it.
Keep supporting your position 911, I can't help but try to understand it.
Posted on 8/3/14 at 12:38 am to 911Moto
quote:
$30K a year for my kid to compete in karate
Is he planning on making a carrier out of this?
This post was edited on 8/3/14 at 12:45 am
Posted on 8/3/14 at 12:38 am to 911Moto
quote:
I'm sure it has something to do with watching my first boss die at age 42 - the million or more he had stashed away did him no good when he was dead.
Then, using that logic, happiness does us no good either, because when you are dead it doesn't matter how happy or miserable you were. Maybe having a million in the bank made him happy. Living like you, on the financial edge, would make me sick, so happiness for me is doing what I want, within reason of my financial goals. Don't pity people who have different ideas about the happiness money creates. Not everyone enjoys spending money carelessly.
Posted on 8/3/14 at 12:45 am to eScott
quote:
I'm not being an a-hole when I ask is there a point when he can start making money with this..
Not only can you make serious cash, you can be a partner in a string of 20 Karate dojos in the Valley.
All you have to do is help 2 psychos get revenge on a 17 year kid and his sensei in the All Valley tournament.
This post was edited on 8/3/14 at 12:47 am
Posted on 8/3/14 at 12:47 am to Walking the Earth
You got me before I edited.
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