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Money and Finances
Reply to "Advice for a 1st year associate attorney?"
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[quote=Anonymous]Great advice. A couple of seemingly trite ideas but after 35 yrs. they helped me afford to retire early. Pay yourself first: as described above, save, pay off debt, manage expenses. A 3-6 month emergency fund is a must IMO. "The secret to early retirement is low overhead." You don't have to starve yourself or suffer but prudent spending and not blowing available cash on things like overly extravagent cars, vacations, more mortgage and house than you can handle or should, etc., etc., etc., can really pay off down the line. My father used the example once of a friend of his who had 2 houses, a plane, etc., and told me that the friend and he were in about the same financial situation. The friend spent much of what he had, my father was a saver. Anyway, good luck.[/quote]
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