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Reply to "Advice for a 1st year associate attorney?"
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[quote=Anonymous]Senior associate here -- you've gotten some great advice so far. Agree with 20:03's advice -- max out your 401(k) right away for tax benefits -- you won't get a match from your firm, but the power of compounding is so powerful that you should just take that money off the top right away. You won't really feel the impact and will get used to the money going directly into your 401(k). After that, I agree with everyone's advice to live cheaply and avoid buying a car if possible. If you're really disciplined, you could even bring in lunch a few times a week to save money -- or save your leftovers from dinner the night before if you've worked late and charged dinner to the firm/clients. Also, enjoy yourself a little!! $100K in debt is nothing to sneeze at, but others have graduated with more. It's ok to treat yourself a little every so often, but keep your major expenses low (rent, car, etc.), and you'll be fine. [/quote]
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