Reply to 25 y/o $4M Net Worth-should I go to law school?

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[quote=NickScarfo][quote=Anonymous][quote=NickScarfo]Hi, all! New to the forum. I'm a 25 year old 2018 Ivy League graduate who was forced to delay my career start because of parental illness. 
Before graduation, I'd been contemplating going to law school with the hope of entering Biglaw.
After dealing with my dad's death and estate, I inherited the above figure. The inheritance is invested with target returns of ~7-10%.

With this starting nest egg, I decided to forgo law school (and the allure of a Biglaw salary) in favor of a F100 graduate training program (commercial insurance) with a $65k starting salary.
I don't have an intrinsic desire to practice law at this point. I also plan on living only on my actively generated income and taking full advantage of compound interest.

From a pure earnings/wealth building perspective, is law school worth it for me?[/quote]

If you are only interested in financial returns, you need to think about what others on this thread have said (taking into account the risk of not getting a job in big law in 4 years etc).  Consider the financial possibilities for commercial insurance, and also consider the opportunity cost of going to law school (e.g. you would NOT be earning your commercial insurance salary while spending a LOT of money for law school). Your break-even point is much further down the road than you might think.

It sounds like law school is not a good fit for you, based on what little you write.  FWIW, I work with high net worth individuals, most of whom don't need to work.  For your own mental health (and financial stability), make sure you are on some kind of career path for at least a while.  You can make other choices down the road.[/quote]

Thank you! I definitely want a good career, just not necessarily a legal one. I think of this money as a fund for [occasional] major asset purchases and eventual retirement. I was in a very different position when I last seriously considered law school. My starting salary in the corporate world is only an entry level figure. I expect to have more options over time as I build a skill base and industry knowledge.[/quote]

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