Reply to Yes, tiny violin - did anyone else struggle first years of law partnership?

Forum Index » Money and Finances

Reply to "Yes, tiny violin - did anyone else struggle first years of law partnership?"

Subject:

Emoticons





More smilies

Text Color: Font: Close Marks

[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]The way we did it was taking a year or two, really cutting back on spending and increasing saving, and getting ahead of it.  There are lots of possible permutations based on comp structure, but unfortunately, they all come down to this.  It stinks for that year, OP, but it's a lot less stressful once you do it.  [/quote]

Yes, but as I said in my earlier posts, that’s not an option as the expenses are fixed. They cannot be altered.[/quote]

This is true, private school tuition is essential and houses can’t be sold. [/quote]

OP, I'm the one who started this subthread, and the latest response wasn't me.

If you can't pare back temporarily, you can stick to a firm budget, which will at least mean you tread water, and not have to bite into any of your year-end comp.  Alao, try to bank increases over the next couple of years.   Finally, though this won't make as much a difference, if your spouse can either go back full time and get a job that supplies benefits, that'll help - I can't imagine what your health insurance premiums are.  [/quote]

Yes, we have insurance through spouse. It’s very expensive to do through the firm. [/quote]

Options

	Disable HTML in this message
	Disable BB Code in this message
	Disable smilies in this message

Review message

Search Recent Topics Hottest Topics