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Reply to "If you left biglaw as an associate"
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[quote=Anonymous] When I started at biglaw, DW and I had a combined net worth of $100k. Virtually all of that was her diligent saving. My parents paid for law school so I did have no loans, for which I am forever grateful. We were obsessive about saving and lived cheaper than the paralegals, in run down gentrifying apartments. I also hit the stock market perfectly (though it was an abysmal time to work, right after the recession with associates being fired left and right). I left after 3.7 years (no fourth year bonus). I did receive full "cravath" scale plus very small above market bonuses for two of the three years due to being worked like a dog -- way mre hours than a typical associate, though I was an intense department at an intense firm so nothing spectacular about me individually -- just torrents of work all around. We lived off DW's nonprofit salary and stuffed virtually all of my salary and bonus into Vanguard admiral / institutional index funds. We were a shade over $700k when I left. Now we have two kids and saving is harder, so we save $50k a year and not $175k. We cleared a million a few years later, in large part due to investment returns. Then DWs middle class parents both died right after retirement. It was awful and she hasn't recovered. But it's all randomly collided to make money issues sort of moot now. [/quote]
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