Does anyone here actually feel rich?? I’m a 4th-year in Boston $210k and I’m house poor in a 1-bedroom condo. The Big Law Salary looks incredible on paper until you realize that after taxes, student loans, and a mortgage in a decent neighborhood, I’m basically living like a college student. I’m working 80 hours a week to afford a place I only spend 6 hours a day in.

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There’s a reason they’re called golden handcuffs. You’re “living like a college student” because YOU CHOSE a home that was a stretch to afford. You’re very fortunate for that to have even been an option.

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They said it’s a 1-bedroom condo. I feel like it’s reasonable to expect to be able to afford a 1-bedroom home after dropping 4 years of your life and $200k+ on a law degree. I don’t think a condo constitutes golden handcuffs

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I got out of law school and realized what the reality was with the big salary big hours law firms.

I went public accounting instead and my salary isn’t impressive compared but I make six figures in a MCOL area, my house was 400k, I work 40 hours or less billed most weeks, and my benefits are excellent.

I get shit from “real” lawyers all the time and I laugh. My living expenses are so low I have a nice retirement and no debt. Being remote helps a ton and I couldn’t do it at a law firm- I tried lol.

Don’t let the golden handcuffs ruin your life

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Welcome to life. I still don’t feel rich as an equity partner making about 15 times what you do. I do, however, feel secure at least but even that took time. Part of the challenge is having reasonable expectations but the significant amount of the rest of it is just grinding through it and reaching those higher levels or really lowering your expectations.

Damn. Are you happy?

Student loans are fixing to hit. I have to sign some paperwork and hurry up and get it sent in quick to be able to pay according to my pay scale. Gosh. Don’t want to say anything negative about it. However, the financial struggle is real and I know I’m not in this boat alone. I just want out of the boat and back into financial freedom.

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