Originally posted by tbunder:
a couple of things: first, i don't believe that you make $240/hour teaching anything these days. especially networking, when the field itself is so overpopulated and on a downward slide as far as jobs go. second, i think you think wayyyy too much dude. third, like i said earlier in one of my posts, i have towing insurance. and considering you discreetly claim to make that type of money/hour, im surprised that you do not. im also a little surprised that you drive a relatively crappy car for someone who makes or "made" $240/hour. if i made $480,000/year, im sure id at least have a BMW or Porsche, maybe a couple each. 
Not exactly.
You don't get to teach every week.
You have to pay all of your travel costs yourself.
You have to pay for your health insurance.
You have to pay twice the social security taxes that someone who works for an employer pays, since your employer matches your social security.
You have to pay to take courses so you can retain your certifications.
You may teach a course several times FOR FREE when you are trying to certify to teach it. And you are still paying the travel.
Yeah, you make a bunch of money when you are teaching a class full of students whose employer just shelled out $2K-$3K just to sit there.
But the take home is not silly stupid money after all of the expenses are figure.
Plus, I am cheap. I'd rather put 20% in savings/retirement funds, than drop a big wad on a depreciating asset. I also bought about 1/3 of the house the bank said we could afford.
The other thing to consider is what happens when the economy slows.
Sure, back in 1996 when Java was the hottest thing going, I taught every week the first six months of the year.
However, it's not like that now. A lot of my peers didn't stash cash and now they are scrambling.
Heck, I lost enough in the market to buy a BMW and a Porsche last year.
Over a year ago, I took a regular job, and my net income is nearly the same. Without all of the headaches of being self employed and hassle of 50-75% travel. I gladly took a slight cut in pay to be home every night. Having the beeper go off right now is preferable to sleeping in some new city every week.
Good point on the towing insurance. I do have AAA (hmm I think it's about $50/year)
BTW, the best way to become rich is to spend less than you make and invest wisely. A car is usually a bad investment.
HTH,
TB