Oklahoma Nesties
BoyMom21
member
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Our tech team has launched updates to The Nest today. As a result of these updates, members of the Nest Community will need to change their password in order to continue participating in the community. In addition, The Nest community member's avatars will be replaced with generic default avatars. If you wish to revert to your original avatar, you will need to re-upload it via The Nest.
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Thank you.
Note: This only affects The Nest's community members and will not affect members on The Bump or The Knot.
As discussed on MM...
What would you have to net per month to be considered "Big Dog Status"?
FWIW, the girls on MM mostly agreed on $10k per month.
Re: As discussed on MM...
In OK, 250k/year gross, so $13,500/month or so after taxes.
In VERY high cost of living places, I'd nearly double that to consider a household a big dog household
Word.
Ha! I think I just picked a random high tax bracket and m....
Ok. Just realized the explaining the method behind my nerdiness makes me, in fact, even nerdier
I agree. I remember when I was in HS and started dating H. He had a job making $10 an hour and we both thought he was rolling in dough. Even when we first got married I can remember us talking about when we make $X a year we will be set and we now make over that and don't feel like we are making tons of money.
I wonder though, if you get a point where you realize you are good and that you are a "big dog"
What makes you a big dog?
It is sort of like the millionaire nextdoor. You can have flashy cars and a big house but live paycheck to paycheck. Or you can live more modestly and actually have money for your kid's college and your retirement.
I knew someone at work who drove to work in an expensive car and acted like he had all this money. Lived in a dump.
OUKap, have you read that book? I really agree with that line of thought. Did you like it, if you read it?
As an individual, after taxes and health insurance and all that, I bring home $872 twice a month.
Am I a big dog?
I've honestly never thought about it. H is currently in negotiations to raise his salary at his office. We need the extra but even then we'd still be comfortably below "big dog" status, as you all put it. I frankly don't care how much anyone makes, except us.
I haven't read it. Your comment earlier actually got me thinking about it.
Yes.
to me Big Dog status is having it all and in savings too. If you are work your whole life have a million in savings but drive a saturn...that's not big dog to me.
So what about Warren Buffet? He is one of the richest men in the world and still lives in the same modest house in Omaha, Nebraska. I think everyone would agree that he is one of the biggest dogs.
I don't think you have to flashy with your money to be a "big dog" I think you just have to smart and handle your money wisely.
So what about Warren Buffet? He is one of the richest men in the world and still lives in the same modest house in Omaha, Nebraska. I think everyone would agree that he is one of the biggest dogs.
I don't think you have to flashy with your money to be a "big dog" I think you just have to smart and handle your money wisely.
Actually, that's exactly what I would consider "big dog!"
I gotta agree, man.
Yeah, me too. I think people our age would need more than 1M in savings when they retire, though.
It's a pretty grey area. I think a big dog would be a combination of high net worth and high salary. Someone could be in debt up to their eyeballs and have a high salary. Not a big dog.
More money, more problems.
I think its funny when people talk about how when they make $XX they will have "made it" - and this is why -
When you consider your ideal amount you don't consider that as your income increases, your lifestyle increases too. For instance, most executives that make $200k a year do not drive a 10 year old Corolla with 150,000 miles and they don't live in a 1,500 square foot house with bad landscaping. Its no longer acceptable to wear clothes from Forever 21, if you don't buy a bigger house you probably end up renovating the house you have, further, you are probably working 14 hour days and who has time to mow the lawn, service the pool, clean the house, do the laundry - now you need a housekeeper and a lawn/pool boy to maintain a decent work-life balance - all of this is CA-CHING. So, even if someone makes $1mm a year, they probably have the same percentage of disposal income per year as someone that makes $100k - granted, its more cash money but considering the differences in cost of living - its not that much.
You know, I actually disagree with this. I think this is just pressure that people put on themselves. I think it's definitely acceptable to drive a ten year old Corolla or whathaveyou...even if I were banking 1 million a year, and knowing me, I'd probably do just that (especially if it were a 10 year old Prius...oh baby). The way I figure it, I'm not going to spend my money to keep up with stuff like that if I don't want to. If people want to judge me for my stuffs, they're welcome to do so, but ultimately I'm the only one that I care about pleasing when it comes to things like that.
ETA: Not that I disagree about needing to hire people to do stuff if you work 14 hours a day - that I can definitely understand. I just mean I would not feel the need to upgrade my car and house and such due to my job.
The phrase "big dog status" totally makes me think of Toby Keith = white trash with money.
To me, big dog status would be no debt.
This made me laugh! So true.
I agree, I think more than 1M is needed as well. Definitely one of our long-term goals. If you end up reading The Millionaire Next Door, let me know what you think of it. I'm thinking of reading that over fall break. Next on my list is Smart Couples Finish Rich.
I haven't! Okay, that does it. I'm readin' it.