Tuesday, 20 October 2015

The true cost of triathlon



Triathlon is expensive. There is no way to deny or to sugar coat this. To take part in any triathlon the financial expense can be daunting. First there is the gear. You need to buy a wetsuit, a bike and a pair of runners. You’ll also need gear to cycle in and run in. How much you spend will depend on how much you want to spend (top end gear is eye-wateringly expensive). Some will spend hundreds and others thousands. Then you will need to pay for a race entry and, for most races, a one day licence from Triathlon Ireland. Finally, depending on the race, there will be some cost associated with getting there and back.

After this first triathlon race, you may, like thousands before you, become hooked on the sport. At this point you start thinking: “how can I get faster?” All of the answers to this question cost money:

1.    Train with a club – you will need to pay a membership fee and, for insurance reasons, join Triathlon Ireland. This will normally cost over e100 per year.
2.    Start lane training in a swimming pool – although many clubs subsidise weekly swimming sessions, you will still need to pay in the region of e50 to e100 for a 10 week x 1 hour training block. Multiply this by the number of blocks you wish to do each year and it starts to add up.
3.    Get a better road (racing) bike – you may own a bike, but unless you come from a cycling background, it is likely to be shit. You need a decent racing bike. These are not cheap, but the more you spend the better will be the bike. You can take some of the financial hit out of the purchase by using the Bike to Work Scheme, but even if you spend e1,000, you will still be riding a semi-shit entry level bike. Spend what you can afford, but remember it is an investment.
4.         Get better wheels – if you went for an entry level bike the wheels will be more suited to a commute than a race. You need a set of race wheels. You can get a decent set of race wheels in a sale or you can lose a kidney and buy top end Zipps. The difference between basic and top end aero race wheels is worth the investment.
5.         Get a time trial bike – to be competitive overall in a triathlon or within your age group (within any given race), you need a time trial bike. Most experienced triathletes have a road bike and a time trial bike. The price of time trial bikes varies, but again, you get what you pay for … If you are investing, buy the best you can afford; don’t buy something that you will end up upgrading within a year or two. Try to make the investment up front. Expect your partner to need resuscitating when you tell him/her the price.
6.       Get a better wetsuit – while the lidl or Aldi wetsuit got you through your first race, you will want to get something designed to swim in and race in regularly. Entry level wetsuits are widely available and are not especially expensive. Get the wetsuit which fits your body shape and comes within budget. Wetsuits are easier to upgrade over time and they are regularly available in sales.
7.       Get a disc wheel – as you progress in triathlon and every second starts to count, you might want to cancel the family holiday and purchase a disc wheel. To be honest though, unless you are an incredibly strong biker, you may not see the benefit. If you are at this stage in your triathlon gear purchasing career, you should already own every other piece of kit imaginable before ever thinking of a disc. If you are good enough to be Category 1, you don’t need a disc as they are not allowed.
8.        Pay a coach – If you are wondering why your bank account has so much money in it and you are used to having household staff in your mansion, then you should think seriously of employing a coach and becoming part of one of the burgeoning teams of privately coached triathletes. Coaching has become a sustainable business for a number of coaching firms around the country and they need you to believe you can be better by paying them. Personally I am not convinced. I do not understand why triathletes who can afford coaches do not invest in their own triathlon club to make it better for all. But coaching is working for some and if you can afford it, you will benefit from training in a team environment.

Once you have reached your credit card limits and the credit union will no longer return your calls, you probably have enough gear and are spending sufficiently on your training

Now you need to try to fit in with your fellow triathletes. This means buying club gear such as tri suit, cycle socks, jerseys, shorts, tights, hats, gloves, etc. and other necessities such as cycle shoes (and tri shoes - you needed to ask?), runners, swim technique aids, etc. You need whatever they have. You deserve it. You will also want to make real friends and the only way to make real friends in triathlon is to join the Strava community where you can share every training session and race with your real friends (real friends are not bored by such things). This means making a sneaky Garmin purchase. These little swim, run and bike computers can be bought for as little as e350 to 500: a drop in the ocean baby.

Now you need to start to think seriously about finding some extra cash to spend on races. You should do as many as you can afford in locations all across the country and, if possible, travel to an event outside of Ireland. What sort of money are we talking here?

A local triathlon – will probably cost you e50 and there will be some subsistence costs involved.

A Triathlon Ireland event – each year races seem to get further and further away from each other. This means that in addition to paying for the race – normally between e50 and e100 (the longer the race, the more you pay) - you will often have to pay the fuel cost to travel across the country and, in many cases, stay the night. This quickly takes the per race cost into the hundreds of euro. To take part in the National Series or Super Series, you will need to take part in at least four races. This year’s National Series included races in Kilkee, Sligo, Derry, Dublin, Louth and Kildare. Attending any four of these involves a costly year.

But as all triathletes know, what is the point in a season without an Ironman event. In fact, why not do two? The cost of taking part in these events makes non-triathletes assume triathletes are all lottery winners. The entry fee alone for an Ironman is around e550 (some less, some more). You then need to transport your bike. Many pay a firm called Shipmytribike to do it for them. They charge e200.85 all in (http://www.shipmytribike.ie/index.php/main/prices). Then you have to get there by plane and also pay for accommodation and food. You will also buy merchandise to prove you did the thing. Most Ironmen and women will pay approximately e1500 in total to earn the title. Hats off to those who can afford to do more than one a year (especially to those whose partner doesn’t do triathlon).

After a hard year racing, every triathlete needs some sun. This means it is time for the winter training trip with your coach or club. These week or fortnight long trips give some an opportunity to spend the money you should have spent on your mortgage or those others, who can afford a coach, to reward their coach with an all expenses paid trip to continue to serve as their mentor and money pit.

The bottom line is triathletes spend all their money on triathlon. If you don’t want to do this, you are in the wrong sport. You are probably the sort of person who can’t accept getting triathlon gear for birthdays and Christmas for the rest of your life.

Once you have accepted your financial fate and gotten used to buying your own presents, you need to get used to telling white lies to your loved ones. When you are asked how much your e2,400 disc wheel cost, you say: “I got it in the mid-season sales for e500”. Or, if you happen to be seek sporting a Garmin 920xt watch you say: “I won it in a raffle”. And, it goes without saying that all of your bikes (and you will eventually own many as the old one is never sold), were all purchased for at least half of their original cost. This may however backfire if you die and she sells them. This folks is the only way to avoid annoying questions from people who do not understand. So what if you become homeless.

Finally, you should really encourage your children into triathlon …

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