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Reply to "The divide gets bigger as you get older..."
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[quote=Anonymous][quote=Anonymous]I am 40 and have gone full circle now. I put in my time in big law and saved aggressively. Now I work in a small firm, theoretically only billing 1500 hours a year (only I'm having a hard time keeping my hours down), and I only go into the office when I want. I'm fairly happy with how my things turned out. Personally, I wouldn't want to give a moment longer to big law, but I'm glad I made a big law salary for a number of years in my twenties/early thirties and built my resume and gained some clients, and invested most of my big law salary along the way. Now I can coast. And I have no envy of my friends who outlasted me in big law. [/quote] I think this is a smart approach. Go hard in a high-paying field when you are young and energetic, invest a lot of the gains, and know you are only going to do it for 10 years (Or whatever time frame you choose) so don't inflate your lifestyle. THEN do whatever what you want to do. It's hard to know what you like when you are in your 20s anyway, might as well just go for the $ if you have the option to. (This is not what I did by any means but it sounds smart to me). I think though it could be a trap for some folks--it's just too hard to give up the money or they have lifestyle inflation and then pretty soon their life is gone.[/quote]
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