It’s not uncommon to hear discussions about assets in terms of property, stocks, or even vintage cars. But have you ever considered your bicycle as an asset? While it may seem unusual, when you stop to think about it, a bicycle encompasses characteristics that position it as a valuable asset. Economical, income-generating, and health-boosting – there’s more to your two-wheeler than meets the eye. Let’s dive into how a bicycle can indeed be an asset to its owner.
What Is A Bicycle?
A bicycle is a human-powered vehicle with two wheels, typically propelled by pedals and steered with handlebars. It is commonly used for transportation, recreation, and exercise. Did you know, the first bicycle was invented in the 19th century by a German baron called Karl von Drais? He invented it to replace horses for short-distance travel.
Is A Bicycle An Asset?
Absolutely, a bicycle can be considered an asset! At first glance, it’s easy to overlook the value this modest piece of machinery holds. Yet, when we delve deeper into its attributes, the asset value of a bicycle becomes apparent. Let’s start with the economical advantage it offers. By choosing to pedal to your destination, you effectively reduce the money spent on fuel or public transit. This indirectly contributes to your income by cutting down unnecessary expenses.
Where Do You Go To Purchase A Bicycle?
There are many places around the US where you can buy a bicycle but there are only certain places that will treat you right and really take care of your needs, lets go through our top 10 best bicycle shops around the US.
Bicycle Habitat (Brooklyn, NY)
This full-service bike shop (Bicycle Habitat) has been keeping Brooklynites on two wheels since 1978. They offer a large selection of bikes from road to mountain and even electric options. But the real draw is their team of knowledgeable, friendly staff who are always willing to help you find the perfect ride for your needs.
Velofix (San Francisco, CA)
Velofix is a mobile bike shop that comes to you. Their vans are fully-equipped with parts and tools, so they can make repairs and give tune-ups quickly. They also offer an array of bikes from kids’ models to high-end racing machines. Customer service is Velofix‘s main priority, which is why they have been
City Grounds (Long Beach, CA)
City Grounds is a cyclist’s paradise. From bikes to apparel and accessories, they have it all. They carry top brands such as Specialized, Santa Cruz, Cannondale, Trek and more. Their staff are knowledgeable about the gear they carry and can offer up great advice on bike parts or even custom builds.
Bikesmiths (Denver, CO)
Bikesmiths is a full-service shop that specializes in custom builds. Whether you’re looking for a standard ride or something truly unique, the team at Bikesmiths can make it happen. They use top-of-the-line components and offer free checkups with every purchase.
Spokes (Seattle, WA)
Spokes is a small shop that packs a punch. They offer an array of bikes from hybrid to mountain, plus tons of cool accessories to match. But their biggest draw is their knowledgeable staff who can give you tips on the best routes around town or help you find the right fit for your frame.
Blackstone Bicycles (Chicago, IL)
Blackstone Bicycles is a family-run business that understands the importance of customer service. They offer an array of bikes from commuters to mountain and they always go the extra mile to make sure you get exactly what you want. Plus, their team of mechanics can give you tips on bike maintenance and repair.
Bicycle Sport Shop (Austin, TX)
If you’re looking for a one-stop-shop, Bicycle Sport Shop is the place to go. They carry all kinds of bikes from cruisers to mountain and they even offer rentals so you can try before you buy. Plus, their knowledgeable staff will give you sound advice on what bike is best for your needs.
All-City Cycles (Minneapolis, MN)
All-City Cycles excels in custom builds and performance bikes. Whether you’re looking for a sleek road bike or an agile mountain model, they have it all. Plus, their team of mechanics can give you advice on bike maintenance and help you choose the best parts for your build.
Bicycle Warehouse (San Diego, CA)
Bicycle Warehouse is a full-service shop that carries an array of bikes from mountain to road and even BMX. They also offer bike rentals so you can try before you buy. And their staff are always happy to answer any questions or give you advice on the best routes around town.
Wheelworks (Boston, MA)
Wheelworks is a Boston-based shop that specializes in high-end bikes. From road to mountain, they carry top brands such as Specialized, Trek and Santa Cruz. Plus, their knowledgeable staff can give you advice on bike maintenance and help you find the right fit for your frame.
Do You Need A License To Ride A Bicycle?
No, you do not need a license to ride a bicycle. However, some cities have laws that require cyclists to follow certain rules and regulations in order to remain safe on the roads. In addition, cyclists must be aware of their surroundings at all times when riding in traffic and obey all posted signs and signals.
Do You Need Insurance To Ride Your Bicycle?
No, you do not need insurance to ride your bicycle. However, it is recommended that cyclists obtain personal liability insurance in case a collision occurs. This type of insurance will cover costs associated with medical bills and property damage that may result from an incident involving your bicycle. Additionally, some cities have laws requiring cyclists to carry a minimum amount of liability protection while riding on public roads.
What Are The Benefits Of Owning A Bicycle?
Owning a bicycle has numerous benefits beyond the obvious environmental and economic advantages. Cycling is a great form of exercise and can help improve your physical fitness, reduce stress levels, boost your energy, and make you happier overall. In addition to these health benefits, cycling also helps build mental resilience and can even improve your cognitive performance. Finally, owning a bicycle is an excellent way to explore the world around you, and it gives you the freedom to go wherever you want whenever you want.
Safety Tips For Cycling
As great as cycling can be, it can also be dangerous if proper safety precautions are not taken. Here are some tips to ensure you stay safe while riding your bicycle:
- Always wear a helmet and safety gear such as elbow and knee pads
- Make sure your bike is in good condition so that it performs optimally
- Check traffic regulations before heading out on the road
- Use lights and reflectors to make yourself visible in low-light conditions
- Ride with traffic, never against it
- Pay attention to your surroundings at all times and be aware of potential hazards.
Cycling can be an enjoyable form of transportation as well as a great way to stay fit and healthy. With the right safety precautions, you can enjoy your rides without putting yourself at risk.
Are Bicycles A Good Investment?
In short, yes – bicycles are definitely a good investment. Not only do they have practical uses as a mode of transportation, but they also increase in value over time and can be considered an asset. Additionally, bikes don’t require much maintenance and can even be rented out to generate income. Furthermore, the health benefits associated with cycling make owning a bicycle well worth the cost. All in all, bicycles are an excellent investment that will pay for itself many times, They can also become classics such as collectible vintage bicycles. so if you’re considering buying a bike, don’t hesitate – it’s worth the investment!
Final Thoughts
Bicycles are an incredible asset for anyone looking to save money on transportation and improve their overall health and well-being. From saving money on fuel or public transit costs to providing a great form of exercise, bicycles are an excellent investment. Plus, they offer a unique way to explore the world and build mental resilience. So, if you’ve been thinking about buying a bike but weren’t sure of the benefits, now you know – it’s time to get pedaling!