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Reply to "If you left biglaw as an associate"
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[quote=Anonymous]I managed to pay off $130k of law school loans during my 2 year federal clerkship + clerkship bonus, so I started in Biglaw with zero loans. My husband (making about 100k) paid our mortgage and most of our living expenses during that time so most of my salary went to loans. I stayed in Biglaw for almost 3 years, leaving as an almost 6th year. I maxed out my 401k every year plus saved about 400k for a down payment for a bigger house. I worked a ton and didn't spend anything, including taking zero vacations. We were, however, paying for a nanny during that time to make the hours work. I moved in house and within a year had an income (not just salary) almost equal to what I was making in Biglaw, around 300k. Our net worth isn't particularly relevant because it's for two incomes. It's actually growing faster now than when I was in Biglaw because of corporate stock grants, 401k matching and cheaper childcare. Despite healthy incomes, we've always lived below our means. No family money. [/quote]
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