My company just announced the annual bonus

[Sluggo]

Originally posted by: Skoorb

I work hard and am proud of the money I make, and the things that I am able to accomplish.

It's considered super hunky dory if people on these boards brag about all they buy with their income, buts its a major faux pas to actually talk about the money?

Yes, because if you buy a new digital camera someone else can feel just as good about themselves for buying one, regardless of the fact that you had the cash and they're yet further in debt. It's all hush-hush! Unless you're one of the chronic hot-dealers!

I'm not talking about digi-cams.

There was a guy bragging about having 20k to spend on home electronics a few days back. I didnt catch too many people in the thread berating him for bragging on what he was going to spend.

If memory serves correctly, there is also a member here who has 2 really nice almost new BMW's. Now I can assume (and we all know where assuming gets you) that if he is driving those and has ANY disposable income, he has a pretty high income level, yet I have yet to see anyone complain that he was a braggert for exposing the poor unfed masses that populate the forums to his good fortune.

 

[StageLeft]

Originally posted by: McPhreak

Originally posted by: Riprorin
90K may seem like a lot to you young'uns but throw in a mortgage payments, taxes, school tuition for a couple a couple of urchins, etc. and it doesn't go as far as you think.

Actually, $90k doesn't seem like a lot to me, but I'm just surprised that there's someone on these forums who has the time to make a decent wage and at the same time frequent the forums. I'm sure if you plotted time spent on AT vs. annual salary, you'd probably find yourself a nice little inverse correlation...

Perhaps so but you'd be surprise how much a person can make doing damn near no work. I've spent more wasted time on AT than I ever want to admit, even to me and God, and yet my employer and clients still like me and say I do good work.

sluggo you're right the $20k guy and Windogg are sources of jealousy for many of us. I suppose that those items are less concrete than a solid "I make this much" statement, which may rub people differently.

 

[SlowSS]

We are getting our bonus on second week of February.

last year I got $4,500. This year I'm only getting $2,800 because our stock dropped $30 per share from last year.

But good news is that when I finish my second B.S. degree at end of this year, company will give me 100 shares of company stock.

 

[Sluggo]

Originally posted by: Skoorb

Originally posted by: McPhreak

Originally posted by: Riprorin
90K may seem like a lot to you young'uns but throw in a mortgage payments, taxes, school tuition for a couple a couple of urchins, etc. and it doesn't go as far as you think.

Actually, $90k doesn't seem like a lot to me, but I'm just surprised that there's someone on these forums who has the time to make a decent wage and at the same time frequent the forums. I'm sure if you plotted time spent on AT vs. annual salary, you'd probably find yourself a nice little inverse correlation...

Perhaps so but you'd be surprise how much a person can make doing damn near no work. I've spent more wasted time on AT than I ever want to admit, even to me and God, and yet my employer and clients still like me and say I do good work.

sluggo you're right the $20k guy and Windogg are sources of jealousy for many of us. I suppose that those items are less concrete than a solid "I make this much" statement, which may rub people differently.

You are probably correct as well, but consider this when you evaluate what I said.

All of my income is subject to self employment income, and most of it is not distributed on a weekly basis. Fully 60% of any income I receive comes at the end of the year, in a lump sum. Out of that lump sum I have to set aside almost 40%, better to set aside 50%, of that to be safe for quarterly Federal taxes and annual State taxes. Self employment taxes mean that my tax rate is at least 6.2% higher than the average income earner, and the way our business is structured, there are very few tax deductions that we are allowed to take.

So to the outside observer, it may seem that I should be rolling in money, and when I see the numbers I feel the exact same way. In the real world as daily bills and mortgage payments etc, eat up your wages, it is a very different story.

 

[Zebo]

Originally posted by: Sluggo

Originally posted by: Skoorb

I work hard and am proud of the money I make, and the things that I am able to accomplish.

It's considered super hunky dory if people on these boards brag about all they buy with their income, buts its a major faux pas to actually talk about the money?

Yes, because if you buy a new digital camera someone else can feel just as good about themselves for buying one, regardless of the fact that you had the cash and they're yet further in debt. It's all hush-hush! Unless you're one of the chronic hot-dealers!

I'm not talking about digi-cams.

There was a guy bragging about having 20k to spend on home electronics a few days back. I didnt catch too many people in the thread berating him for bragging on what he was going to spend.

If memory serves correctly, there is also a member here who has 2 really nice almost new BMW's. Now I can assume (and we all know where assuming gets you) that if he is driving those and has ANY disposable income, he has a pretty high income level, yet I have yet to see anyone complain that he was a braggert for exposing the poor unfed masses that populate the forums to his good fortune.

People don't seem to mind that cause it represent debt to most of us. Weird huh. Actually I think it's funny when they piss away thier money on items that deprciate faster than a bass boat.

Kudos to you in OK you could almost buy a lake w/ that.

 

[Riprorin]

Anyway, money is hardly the most important thing in life and the older I get, the farther down on the list it falls.

On the other hand, that's somewhat easy for me to say because I don't have any money problems. I've worked hard, I have a savers mentality and I live below my means which explains what little financial success I've achieved.