Cycling & Finance

Free Wheeling

27“With things the way they are, my family could use some help and we could probably get closer to debt-free if we were sharing the bills and such with my family.”  Josh Boggs, Race Mechanic on moving his wife and children nearer grandparents


Realistic planning characterizes a champion.

Participating in pro cycling is rife with challenges that filter all but a few. Beyond talent, there must be opportunity in the form of teams that get you to races and also financial support. Many lower level teams pay riders the bare minimum required to live – and they’re the lucky ones. Providing for a family for most full-time riders is impossible; others help support financially.

Expectations to perform against well-funded programs with a full-time training and racing focus leave no room for generating income outside of cycling. Nearly every pro faces this conundrum when coming up the ranks, and the push is for financial provision as much as physiological competitiveness. Providing for family has to be factored into the dream-pursuit equation. The finances must match desire because there is no free wheeling. Plans for full-time training must also include a budget with a spending and income plan.

Purposeful living is best pursued debt-free. Make intentional choices regarding debt – even for investments in real estate or for a powermeter for instance – and limit credit use. If team salaries are limited, it’s possible to prepare for races properly by working part-time or in the off-season. Schedule in race goals that support this.

Other options for self-finance include fundraising through cycling non-profits that assist developing riders. Further, consider those who would be liable for you financially by taking necessary steps to gain accident and health coverage in case of catastrophe. The cost of an ambulance is more than some monthly cycling salaries; a helicopter airlift fee could fund a season. Primary insurances are sometimes available with the purchase of a race license.

Finally, even the tightest budget must consider benevolence. Giving away the widow’s mite is a principle of reaping what is sown that God blesses exponentially – this is the one area we are invited to 28test His benevolence. The rewards are great.

Prayer for Fiscal Responsibility

God loves a cheerful giver.” 2 Corinthians 9:7

“People who don’t take care of their relatives, and especially their own families, have given up their faith. They are worse than someone who doesn’t have faith… 291 Timothy 5:8

We pray for ways to fund cycling responsibly.

Ponder Do I have a financial “training” plan? Affirm I finance my dreams in cycling and care for myself/my family. Watch bonus money earn interest through savings and investments.
27Hiatus” by Josh Boggs posted on “ProBikeWrench” August 30, 2008

28The one time we are invited to test God’s power concerns giving 10% of income to God:

“‘Bring the whole tithe into the storehouse, that there may be food in my house. Test me in this,’ says the LORD Almighty, ‘and see if I will not throw open the floodgates of heaven and pour out so much blessing that you will not have room enough for it.’” Malachi 3:10 from The Bible, New International Version, Copyright © 1973, 1978, 1984 by International Bible Society

29New American Standard Bible Copyright © 1960, 1962, 1963, 1968, 1971, 1972, 1973, 1975, 1977, 1995 by The Lockman Foundation and The Bible, New International Version, Copyright © 1973, 1978, 1984 by International Bible Society


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