Toggle navigation
Toggle navigation
Home
DCUM Forums
Nanny Forums
Events
About DCUM
Advertising
Search
Recent Topics
Hottest Topics
FAQs and Guidelines
Privacy Policy
Your current identity is: Anonymous
Login
Preview
Subject:
Forum Index
»
Money and Finances
Reply to "If you left biglaw as an associate"
Subject:
Emoticons
More smilies
Text Color:
Default
Dark Red
Red
Orange
Brown
Yellow
Green
Olive
Cyan
Blue
Dark Blue
Violet
White
Black
Font:
Very Small
Small
Normal
Big
Giant
Close Marks
[quote=Anonymous]Totally doable if you set your life up that way. Was a biglaw associate in NYC. I lived in NYC for 8 yrs for roughly 60-70k/yr. That still meant living in midtown in a doorman/elevator building in a studio, but not a luxury new construction apartment that would've cost 4000+/month. Other than that it all went to expenses -- double payments on loans (75k - didn't rush to pay them off as they were sub 3% but didn't want to drag them out for 30 yrs either); utilities/cell; lots of eating out (almost exclusively actually); a few vacations but none that were lavish or international. When you're making a comp of say 250k+ and living on 60-70k -- that's 60k-ish/yr of savings/investments AFTER maxing out a 401k. It adds up fast. And all of this was done single, so no partner/DH income to help. What you're looking to do is totally plausible and it's good that you're thinking of it early on. I personally didn't crack a 7 figure NW in my 8 yrs in biglaw but got it a few yrs later on a gov't salary due to the framework I had set up in biglaw.[/quote]
Options
Disable HTML in this message
Disable BB Code in this message
Disable smilies in this message
Review message
Search
Recent Topics
Hottest Topics