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Reply to "Spouses of high earners with kids"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]I’m surprised his salary / bonus isn’t higher if he’s in big law and just guesstimating ages based on kids being in elementary school - is he a partner? What’s his future salary / bonus appreciation look like - is he on a path to hit $1-2M in the future, or is where he is today likely where he lands comp-wise for the long run? If you said hey he’ll be at $1M in a couple years and $2M in 5-10 that impacts how people would evaluate this too. [/quote] OP- he is a non-equity partner so not equity yet (although its been talked about this year or next). Future salary is uncertain. I guess it just depends on how much business he can bring in. He is in a "big law" firm but its not like Cravath or anything. [/quote] I saved a lot while working in big law, paying down my mortgage and filling investment accounts, and then moved in house and love having my time back. I used to end up working all weekends and now I have weekends and evenings for my family and myself. There are legal options other than working constantly, you just have to look for them. And they don't even necessarily pay poorly. I don't make as much as big law, but I make plenty to have a wonderful life in this area.[/quote] This. I make about 200k as an attorney and have nice work/life balance. You have to watch for those golden handcuffs.[/quote] Same -- but I also think a workaholic with my job could still be very stressed out by it. To a degree, that is the nature of legal work. Also, I wonder if OP's family is stretched beyond a point where $350k is enough to cover their expenses.. [/quote]
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