Anonymous
07/26/2023 22:25
Subject: Re:Women who Make Money
Anonymous wrote:I am 45 an in-house counsel. Base pay in the mid-300k range and bonuses that bring me to anywhere between 500k-600k annually.
If your goal is to be self-sufficient and make money, my advice is to keep working when you have kids and ignore the mommy guilt - you can raise wonderful kids as a working mom. Go part time if you need to for awhile (I did). And when the time is right, jump into new opportunities. Had I never moved in-house, I wouldn’t make as much as I do now. Trust your gut - you know when people are in your corner and you know not to trust sketchy people who are competitive and want to bring you down. Also, do the work - the simple act of working hard and doing good work, meeting deadlines, communicating well with your coworkers are rarer than you think. I am not even close to the smartest person but I’ve managed to navigate a law firm and then being in house by being tough, wily, and strategic. Things got so much better for me as I got older and now I work for fun and money, not to climb a ladder or pay for basic necessities.
So you got lucky. You forgot that part. This post sounds like it was written by a man "I am awesome", but in reality luck plays a big part.
Anonymous
07/26/2023 22:18
Subject: Women who Make Money
Anonymous wrote:Early 30s, also in big law. $435k this year as 5th year associate. Learn to play the game. Politics matter in almost every environment. Be good at what you do, work hard, be fair, look out for those below you, and anticipate the needs of those above you.
GOOD ADVICE!
I learned this much later in my career.
Anonymous
07/26/2023 22:14
Subject: Re:Women who Make Money
Anonymous wrote:Anonymous wrote:Big law partner here. 48yo. Income $1m+. Career tip: get good education, work hard, look for opportunities and use them!
Let me guess: Dad had high powered job.
Love these women that mask their class level by telling the rest of us to ‘work hard’
Law school is what these days? 250,000?
It ain’t about working hard and getting a law degree solely. There are so many nonverbal clues you likely just picked up by osmosis - oh and Dad’s law partner just happened to pick you up for that summer internship…
I posted earlier and don’t have a law degree (I think one of the four posters without a law degree).
Anonymous
07/26/2023 22:01
Subject: Re:Women who Make Money
Anonymous wrote:Anonymous wrote:I made $3 million last year with about 10 hours of work per week as a business owner. Some weeks more, others almost nothing. Basically passive?
My business advice? Lie to people on the internet.
What do you actually do/what business?
Internet marketing.
Anonymous
07/26/2023 18:50
Subject: Re:Women who Make Money
Anonymous wrote:Big law partner here. 48yo. Income $1m+. Career tip: get good education, work hard, look for opportunities and use them!
Let me guess: Dad had high powered job.
Love these women that mask their class level by telling the rest of us to ‘work hard’
Law school is what these days? 250,000?
It ain’t about working hard and getting a law degree solely. There are so many nonverbal clues you likely just picked up by osmosis - oh and Dad’s law partner just happened to pick you up for that summer internship…
Anonymous
07/26/2023 18:23
Subject: Re:Women who Make Money
I make $400k doing back of the house work at a tech company (meaning not a software engineer).
Honestly it wasn't what I knew, it was who I knew. In my 20s I took a lot of risks and jumped onto rocket ships. I worked my butt off, hustled in some crazy environments, and impressed the right people. I didn't actually make a ton of money but I gained a lot of skills and credibility in my field. In my 30s, one of the people I had impressed years before made me a job offer that totally changed my life (financially speaking).
On the flip side, my spouse did a very traditional path - solid early work experience, top 5 b school, management consulting track after that. He also makes very good money, similar to me. We took very different routes and ended up in similar places, but the route we each took suited our respective personalities. So my real advice is to play to your own strengths. There are a lot of paths to success but they feel hard or easy to different people.
Honestly it wasn't what I knew, it was who I knew. In my 20s I took a lot of risks and jumped onto rocket ships. I worked my butt off, hustled in some crazy environments, and impressed the right people. I didn't actually make a ton of money but I gained a lot of skills and credibility in my field. In my 30s, one of the people I had impressed years before made me a job offer that totally changed my life (financially speaking).
On the flip side, my spouse did a very traditional path - solid early work experience, top 5 b school, management consulting track after that. He also makes very good money, similar to me. We took very different routes and ended up in similar places, but the route we each took suited our respective personalities. So my real advice is to play to your own strengths. There are a lot of paths to success but they feel hard or easy to different people.
Anonymous
07/26/2023 17:50
Subject: Women who Make Money
Two of my closest friends are basically financially independent now
1. went to MIT, and eventually started a tech company that was then purchased by a big tech company for millions of dollars plus stock. When that company went public, she was set for life. She sometimes works and sometimes doesn't. Right now, she works like once a month.
2. Got a biglaw job but lived frugally -- she saved up enough money to buy two homes in Brooklyn in the early aughts. now she has a very steady amount of rental income coming in every month (something like $10,000 per month). So she also can work or not when she wants. She has three kids and took off a couple years here and there to be with them. She's working again, because she likes her job, but she doesn't need to.
1. went to MIT, and eventually started a tech company that was then purchased by a big tech company for millions of dollars plus stock. When that company went public, she was set for life. She sometimes works and sometimes doesn't. Right now, she works like once a month.
2. Got a biglaw job but lived frugally -- she saved up enough money to buy two homes in Brooklyn in the early aughts. now she has a very steady amount of rental income coming in every month (something like $10,000 per month). So she also can work or not when she wants. She has three kids and took off a couple years here and there to be with them. She's working again, because she likes her job, but she doesn't need to.
Anonymous
07/26/2023 17:47
Subject: Re:Women who Make Money
Depending on my clients $800-$1.2m. I started by own lobbying business.
Anonymous
07/26/2023 17:37
Subject: Re:Women who Make Money
Anonymous wrote:I made $3 million last year with about 10 hours of work per week as a business owner. Some weeks more, others almost nothing. Basically passive?
My business advice? Lie to people on the internet.
What do you actually do/what business?
Anonymous
07/26/2023 16:16
Subject: Re:Women who Make Money
I made $3 million last year with about 10 hours of work per week as a business owner. Some weeks more, others almost nothing. Basically passive?
My business advice? Lie to people on the internet.
My business advice? Lie to people on the internet.
Anonymous
07/25/2023 21:04
Subject: Re:Women who Make Money
[google]
Excuse me? I didn’t say it made her a bad mother; I said it made her a bad parent. I don’t care what the gender is – it is not typical for parents not to see their families “for weeks” unless they are off to war or something. I don’t know any parent like that.
Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:Big law partner here. 48yo. Income $1m+. Career tip: get good education, work hard, look for opportunities and use them!
Are you married? Children? Household or family help around the house?
How many hrs do you work a week?
Thanks
All good questions. I am married and have two children, although both happened later in life. We have a housekeeper who comes once a week, a gardener, and an au pair. I do work a lot, but the work fluctuates. For example, I was in trial earlier this year and did not see my family for weeks. But I also traveled with my kids for 3 weeks this summer. Last year was a killer and I averaged 55h/week. This year is quieter and I've barely worked since my trial. I expect to be right around 45h/w this year.
Yea, not seeing your family for “weeks” is no way to be a parent. Traveling with the kids for “three weeks” doesn’t make up for that. I mean, many many many parents travel for three weeks with their kids without also disappearing for weeks on end.
Stop the shaming. It doesn't make her a bad parent. Dads do this all the time. Kids are not scarred from parents who work hard as long as the parent can maintain a loving relationship with them. Calm down with the judgments. What may work for some families might not work for another.
Excuse me? I didn’t say it made her a bad mother; I said it made her a bad parent. I don’t care what the gender is – it is not typical for parents not to see their families “for weeks” unless they are off to war or something. I don’t know any parent like that.
Anonymous
07/25/2023 19:47
Subject: Women who Make Money
OP pretty sure all the lawyers posting here work by the hour. If they can't bill, they won't get $. The build your own business posters end up creating a very different, some would say more sane, existence.
Anonymous
07/25/2023 18:47
Subject: Re:Women who Make Money
Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:I am 45 an in-house counsel. Base pay in the mid-300k range and bonuses that bring me to anywhere between 500k-600k annually.
If your goal is to be self-sufficient and make money, my advice is to keep working when you have kids and ignore the mommy guilt - you can raise wonderful kids as a working mom. Go part time if you need to for awhile (I did). And when the time is right, jump into new opportunities. Had I never moved in-house, I wouldn’t make as much as I do now. Trust your gut - you know when people are in your corner and you know not to trust sketchy people who are competitive and want to bring you down. Also, do the work - the simple act of working hard and doing good work, meeting deadlines, communicating well with your coworkers are rarer than you think. I am not even close to the smartest person but I’ve managed to navigate a law firm and then being in house by being tough, wily, and strategic. Things got so much better for me as I got older and now I work for fun and money, not to climb a ladder or pay for basic necessities.
I mean, you obviously didn’t “navigate” Biglaw or you’d be a partner and making a lot more than you’re making now. Just sayin’
I'm pretty sure that someone who's pulling in over a half million a year as in house counsel could have been a partner. That's double the average in house counsel pay. Maybe stay in your lane, since you obviously don't know the legal field. Just sayin'
Um, one of us doesn’t know the legal field alright, but it ain’t me. Biglaw partners in DC typically earn $1 million plus at 45. Ask me how I know.
Let me guess, your spouse is a big law partner. Anyone who knows the legal field would tell you that a non-GC, in house lawyer pulling in over $500K is doing very, very well.
Anonymous
07/25/2023 16:52
Subject: Re:Women who Make Money
Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:Big law partner here. 48yo. Income $1m+. Career tip: get good education, work hard, look for opportunities and use them!
Are you married? Children? Household or family help around the house?
How many hrs do you work a week?
Thanks
All good questions. I am married and have two children, although both happened later in life. We have a housekeeper who comes once a week, a gardener, and an au pair. I do work a lot, but the work fluctuates. For example, I was in trial earlier this year and did not see my family for weeks. But I also traveled with my kids for 3 weeks this summer. Last year was a killer and I averaged 55h/week. This year is quieter and I've barely worked since my trial. I expect to be right around 45h/w this year.
Yea, not seeing your family for “weeks” is no way to be a parent. Traveling with the kids for “three weeks” doesn’t make up for that. I mean, many many many parents travel for three weeks with their kids without also disappearing for weeks on end.
Stop the shaming. It doesn't make her a bad parent. Dads do this all the time. Kids are not scarred from parents who work hard as long as the parent can maintain a loving relationship with them. Calm down with the judgments. What may work for some families might not work for another.
Anonymous
07/25/2023 13:03
Subject: Women who Make Money
I get stock dividends. That's how I make my money.