Related Posts
Off Topic : 1) When Does a software engineer start financial planning for retirement since the our Career span is only 15-20 years on average.
2) How much and which schemes to invest to mitigate the risk?
3) How much do we need for retirement? Tata Consultancy Infosys Mindtree IBM Wipro Capgemini Cognizant HCL Technologies
Any loan facility available in BOA
Best Alt Coins to buy?
Roth vs Traditional 401k, thoughts?
More Posts
Most exotic name you’ve heard: drop below!
How is Accenture Research vs EY vs PwC vs KPMG
Additional Posts in Confession
Happy Saturday, Confessions Bowl!

After ~20-30 min on a call, I stop paying attention.
Yikes! Some days, I just can’t stand my job
Half the reason I work out is to make my ex jealous
What is “the 71”?
I’m addicted to online blackjack
New to Fishbowl?
unlock all discussions on Fishbowl.




Have you looked into some of Dave Ramsey’s YouTube videos? He gives some pretty solid advice when it comes to paying down debt and prioritizing monthly expenses.
But in the short term, my advice would be to spend time looking for a new job that you would enjoy and has an equivalent or higher TC to your current one to help pay down the loans. Don’t waste time doing something you hate. Life is way too short. You got this!
The problem with Dave Ramsey is that his discount rate is negative.
For most people, debt/savings rate, should be use used to smooth out consumption over their lifetime. You should be comfortable insuring some debt in your 20s to up skill and just enjoy life, then pay off that debt in your 30s and 40s, amping up savings rate as you hit your 50s.
It isn't maximizing life too eat nothing but ramen for 40 years then retiring a multi millionaire. Shifting some of that consumption to your 20s will leave you with less money, absolutely. But your life will be better and that is why most people have a discount for future consumption vs current consumption. Dave has a zero or negative discount for future consumption, which again some people need but most don't.
Chief
jfc mate 😱
Sending support n good wishes ur way
Chief
And I thought my public loans 160K total (a bit lower than that currently) for law school was bad. I honestly wish I could help you and damn it should be illegal and viewed as highly predatory lending practices to allow such private loans to occur.
Hey lawyer, do you qualify for Biden’s loan forgiveness plan?
Can I be little harsh on you? I tried lsat 2 x , couldn’t crack above 155 like 15 years ago so no target school and I said f with the b schools - waste of money. Which school charged you 133k /year for your 400k loan? Must one of the top school!! If you already gone through bar exam etc, why you feel like giving up now? I mean just kick the shit outta your weak side that tells you to give up, then just start excelling, start making that 300k after 5 years in the job. If you are not up to it, just file a bankruptcy and move to Belize, stay in a hut rest of your life🤣 (didn’t mean it)
https://amymorinlcsw.com/mentally-strong-people/ pls read this!!!
Even my fing mortgage is not 400k man wtf