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Money and Finances
Reply to "How do you keep dedicated to living below your means?"
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[quote=Anonymous](1) I don't talk to anyone about my HHI. I just recently left biglaw and I realize associate salaries can be googled, but if the topic comes up I shrug and go with "I don't know" no matter what the question, precisely so as not to say actual numbers so no one can later say -- you can afford x, y, z. (2) Was in biglaw for 8+ yrs -- didn't get laid off but knew I wouldn't make partner so I had to get out. It wasn't at all surprising given the state of biglaw and I knew that if I didn't make it -- any other option -- smaller firms, in house, gov't all pay less. So the motivation was -- save as much as you can so that your savings are in great shape if you ever get downsized. (3) I don't particularly care what people say about me. In my circle it's all about cars and I have a "regular" car -- i.e. a Toyota/Honda/etc. kind of sedan and have had people say "get a REAL car" meaning luxury, I kind of shrug and say whatever. They don't pay my bills, I do. They can piss their money away if they want. (4) I always think that people at our income ranges have incredible savings -- i.e. retirement is in great shape; not working for a yr wouldn't be a huge stretch etc. And then I've seen the reality -- people talk about how are barely contributing to a 401k or aren't contributing; they freak out if they have to leave biglaw and go in-house where they will "only" make 150-190k and I decided I don't want to be in that position, if I can help it.[/quote]
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