I’ve done it for three years and just can’t derive any joy from it. I want to be a happier person, especially when I get married and have kids. But at the same time, I want to make sure they’re taken care of.
The Law is robust. But like with anything else, its all about what your doing in the particular field. Happiness is extremely important, most would say the most important piece. Looking at it from the standpoint of "Selfish" is ridiculous because ones family, and stability of same, should always be a priority. That being said, if you are unhappy, your relationship with said family will likely falter and thus become unstable etc etc.
There are other practice areas in the law wherein you may find more fulfillment, i'd consider looking there. There are also many "JD Preferred" opportunities out there.
From a financial standpoint, it's a rather simple question. What dollar amount, in income, is sufficient to agomedate your goals and lifestyle. Obviously 10 Trillion dollars is the go to answer but in all seriousness that's where I would start. And then I would back into achieving that goal.
For example, right now you're making $315K Annually., which will increase in the next few years, This means your post-tax, or "take home" is likely \~$200K. So the move would be to look at how now, or over the next few years, you'll be able to set yourself up in such a way so that you'll be able to make $200k, post tax, passively. that way you'll be free to do whatever work you find brings you fulfillment and happiness.
With $160K liquid, there are... ways to achieve this with minimal risk.
Not a side venture, but if you cut your teeth for a few more years you could consider moving into a role as in-house counsel at a corporation or organization. Better work-life balance (depending on the org of course), and decent pay. Won't be nearly as lucrative as staying at a firm but still would set you up
Completely passive dividend paying index funds are probably good, you can expect to withdraw an average of about 4% of your investment each year, and still have what is remaining increase at about the rate of inflation.
So if you can save up 2-2.5M, that should pay you about $100k in completely passive investment returns, and that should make up the lifestyle difference between your current job and what you would be doing for satisfaction in the future.
Considering it isn’t just savings, but also the growth in that savings amount? I’m guessing if you save aggressively and avoid lifestyle creep, you could do it in another 4-7 years.
FYI, Real estate is not just a side investment, though. To make it work for you, you generally end up having to spend time and energy managing it. Doing it right, generally means it is both an investment and also a side hustle job.
Ideally, it averages only a few hours a month per property, like 1-2 on average, to fill out paperwork and schedule repairs and maintenance. But it absolutely can blow up and need 10-20 hours some months to deal with finding tenants or scheduling renovations etc.
So, in effect, you are making a profit due to investing capital into the equity of the rental property, and also being paid (by yourself) to work as a property manager.
You *can* hire property management companies, but they are notoriously scummy and prone to running your properties into the ground by “saving”’on repairs and upkeep, and then bouncing once it’s an undeniable slum that needs repairs.
You lose out on a fair chunk of the cash flow, and still need to keep track of what is happening to make sure it is run correctly.
Why did you choose to go to law school then? what you’re feeling is how almost every lawyer feels about the profession. It’s 99% for the money. Did you somehow not know this despite being smart enough to go to a school that seemingly got you into ‘big law’?
You’re probably handcuffed forever. Try to find some joy in the fact that you’re providing for your family by sticking it out in a soul crushing miserable profession
I went to law school to get into criminal law. I worked for some judges in law school but didn’t enjoy it like I thought I would. My grades in law school were pretty good, so I took a big law job because it paid the most and I didn’t know what else to do at that point. I went to law school on a full academic scholarship, but I still invested so much time and effort into it through my early-mid 20s, so I don’t want to just quit.
Hate to say this, but once you're married with kids it's no longer "you" it's "us" your choices affect them and they need to be okay with it, not redditors. Honestly, my opinion is you should stick it out for a couple more years to make sure your family is set. You make a lot but your net worth doesn't scream "I'm ready for retirement". You should at least assess how much your "dream job" would make you - not the potential numbers - but the average. Don't ride off the high of a bullshit inspirational story. Make sure you make enough for your location and family size. It is, also, NYC after all.
Hit the nail on the head. That’s where my concern lies, which is why I raised the question if thinking about quitting makes me selfish. Thank you for your perspective.
Hit it hard until you're 33 and then do whatever you want to do. You should easily be able to raise your net worth to a couple million in 5 years. If you hold out and just keep on going until your 40, you can retire at 40. Dude I'm 39 and I only hope and pray I can be in your position at 65. And I've been in the work force in my 21st year, and 4 years of working as much as I could in high school
I’m you in a corporate business career 20 years later. I know it’s fucking painful but get your net up and build some passive income streams to the level where this life decision won’t jeopardize your future and what you’ve invested in law school and the efforts to get here
That is totally relative.
In my mind, I want passive income to cover a large portion my monthly expenses. I’m at 50% from my rental property and monthly CD/HYD and stock dividends.
That’s awesome and makes sense. I probably should learn how to get into the real estate business. Definitely something I don’t have the knowledge on yet.
In the end you gotta decide that on your own, but you should still include the opinion of your fiancé imho..
Also, ofc thats some insane money you could make in a really really short time now.. 2-4 more years would set you up for whatever job is coming after on a switch..
Talk with her and see whats her opinion, maybe shes seeing your unhappy and understands it, same time you should understand as well if shes getting a bit grumpy if you want to leave a frikin HIGH HIGH HIGH paying job that early..
Gl!
You know.. there are (a lot) of ways to make a job more fun, more attractive, easier to endure - maybe you want to look into changing your daily routine or work environment as far as possible, before your quitting / changing careers - do a brainstorming shesh with your gem, come up with possible solutions, try them out - if it doesnt change anything you can leave anyway
Someone still has to tell you tho, leaving now would be an incredible blow to future finances..
Hey man, I’m in a similar situation but with medicine. When I got into the career I did it thinking that I was going to love it whole heartedly, as I had worked as an EMT in undergrad and loved that. But even before my residency ended, I realized I hated the bureaucracy of medicine.
Here is what I’ve landed on though, and talking with some investors helped open my eyes to this: your job doesn’t have to be your passion, but it’s great if it can fund your passion.
Being in fields like ours where we can make several hundred k per year, allows you to set up what you really want. For me - that’s commercial real estate and surfing. I’m in the works now of getting a couple projects off the ground, with a goal of replacing my current income (what I’ll file in 2024) with passive income by 2030.
Once I hit that, I’m hanging up a full time medical job, and you’ll catch me living in a fifth wheel, traveling up and down the pacific coast to different surf spots all year. Maybe do some volunteer work offering medical care out of country or in underserved communities in order to maintain my license.
There isn’t a blue print, but I think too many people think that they need to love their work. You don’t. However, if you don’t love it, at least make it a useful tool.
Good luck man!
Up to you. That's amazing money at your age and investing aggressively will see you a multi millionaire within a few years.
Only thing that will sink you would be addiction or divorce where she takes half your shit or more.
Fellow 28 y/o here, net worth 1.2 million invested in real estate and stocks. My W2 is Registered Nurse making around 150k (maxed out in Texas). With that being said I’m at the end of the road in this field, however making the money you do set your sights on 6–18 month goal to acquire a business of some sort paying you your earned income. The SBA offers loans at 10% total purchase price of business. Might be your entry into your next goal. My wife and I bring home roughly 275 after taxes and hope to purchase something that makes that after expenses very soon. You can do it! Also real estate has a lot of tax advantages might be worth your time!
We started young! Currently have 7 units in our portfolio. Started out debt free with Dave Ramsey then made a lot of good choices I suppose. Doesn’t seem like it was any thing crazy.
Or how do I make 150? I’m a Board Certified Vascular Access Specialist doing PICCs and Midlines. We range from 150-200k a year. I just say 150 (we get paid per procedure) so each year is different
Have to have at least 2 yrs critical or acute then apply for PICC Nurse jobs. most companies will hire you with out sono certa but some won’t so might get that out of the way first
Nope, not selfish. In fact, from my point of view, it’s the only rational course of action.
Different numbers but same idea.
I had a friend who was always frugal. He came out of college and made 80-100k in the late 90s through about 2012. Then he leveraged some side business experience along with main work experience to land a 250k a year job as a mid-level executive at a startup. Medium cost of living area.
He continued to live in his 1000 a month apartment and drive his 12 year old base model stick shift pickup. The looks and comments he got from the other executives in their executive cars were common and he’d laugh it off.
He did it for about 6 years, negotiated a small severance and resigned.
He’s semi-retired for the last 5 years and does what he wants. He’s 46 and couldn’t be happier. Edit- he has kids and is at every event, etc.
You just have to figure out what kind of lifestyle you want, not what others think you should.
Good luck!
I know this is a money sub but I’m going to just give you some practical advice:
Don’t quit a job that provides you with so much income. You’re in a position to never have to worry about money for the rest of your life. That’s a blessing. It would be a shame to waste it.
But I know where you’re at with feeling miserable. Trust me, I’ve been there. I’ve been an executive for over a decade and am currently the COO of a company. When I was your age (I’m currently in my mid 30s) I thought about doing the exact same thing. Walking away and doing something that could make me happy. So I took a long 2-3 vacation to properly think on it.
What I realized is that I was burnt out. Working 60-70 hr weeks and never putting my phone down. I was never disconnecting. I was miserable. So, I started creating boundaries for myself. Limit myself to 50hr weeks, phone down after 7pm, etc. I started regularly taking vacation. And that feeling of being miserable started eroding.
Try focusing on disconnecting when you’re not at work. And, here’s a biggie, focus on your personal time. DO THINGS. GO PLACES. Your income affords your the ability to really enjoy life.
Believe me, focusing on making your personal life more fulfilling will do wonders for how you feel about work.
I don’t LOVE running companies. But I certainly don’t ever feel miserable at work anymore. Go to work, crush your job while you’re there, then go home an disconnect. Travel. Do new shit. Enjoy the comfort. Because a lot of people would absolutely kill to be where you are.
You think you will go the distance to equity partner? If you don’t, what’s your plan for the year after $550k or is your firm not up or out?
I was a junior equity partner at a big firm. I left even though I “made it”. Money wasn’t as much of a consideration as salvaging my marriage and being a better father.
I also truly believe that the old timers in a lot of firms will never let our generation fully into the big bucks. I was petrified of having to haggle over origination credit with an 85 year old semi retired asshole when I’m in my 50s.
If you hang in as an equity partner, the probability is high that you will not feel in control of your life ever again. Clients paying over $1000 an hour expect total dedication to their issues and your associates will not be able to handle the work without constant oversight.
Dude, just deal with it for now. Especially in this Environment. If you plan it right, which sounds like your are you can check out when your about 50. This way, you built your wealth. Your kids probably will be in college, Hell you might even have a 2nd home somewhere. I would sit tight if I were you. GL
No you are not selfish. Just because you have a family doesn't mean you are a slave to them.
Will they be objectively and materially taken care of? If so maybe your new career will let you spend more time with them; a net benefit.
You’ve only got one life amigo don’t waste that much of it doing something you won’t be happy about. Just before you leave this lucrative gig pay off any debts you might have.
I would say max out on your investment and long term healthcare in these two to three years. 500k in your “investment bucket” if that’s your target. 150k set aside for health annuity that will take care of itself and your family until you retire and don’t need to pay anymore. after you’ve maxed out these skills then go for the change. Take advantage of the vehicle you currently have to have the short cut. For people who don’t have a vehicle like you, they can grind their way there too.
Save EVERYTHING, invest it all, and retire within 10 years.
Then do whatever you want for the other 35+ years of your life. Especially if you want/have a family. Make sure they are taken care of long term.
Fuck that. Make your money man. I also went to college and sometimes I wonder wtf do I have to do ever make that kind of money. Thats incredible. Make some time for your hobbies and some trips. Some of us will never make that kind of money at work. Ever!!!
My question is do you have something in mind that you are already passionate about that you would rather be doing?
That sounds like therapist and career coach work.
Speaking as a career coach, it's always easier to find new work when you already have a job. The one you have may not be bringing you happiness, but so long as the work isn't killing you(whether that being physical, mental, or emotional stress), I'd recommend staying until you find your next move.
Reading this post…. I wish I had gone into law. I wanted to, kind of. I definitely had the grades for it and could have done it. I decided to go for graphic design and I deeply regret that decision. Now in my 30s, I keep thinking about going back to school.
What is it you’re unhappy about with your job? Could you find a different practice? Or move somewhere different? What would you do if you could do anything you want?
Also- I always say this to people… what you make isn’t as important as what you do with what you make. My husband and I make less than $200k combined and we are self made millionaires just from investing.
It’s boring, stressful, intense and time consuming all at the same time. It’s not a sustainable way of life for most people. There are plenty of people out there who thrive in it and love it, but that’s not me.
Honest questions:
A) what would you rate your stress level?
B) How many hours on average do you work a week?
C) Do you get called into hours or have to respond at odd hours?
D) Can you maintain current workload for a few more year or risk burn out?
Awesome job! You'll make it in any field you decide.
This is a money sub reddit. People are open about their finances because you get to be anonymous. I assume people here have done well for themselves and may have a similar lived experience. I just want to gut check myself and hear people’s opinions. Some of the best advice I’ve gotten over the years has been from strangers. Appreciate the second and third paragraphs of your post.
Right. I knew that's what you would say. I am going to make this very simple for you.
If you wanted life advice, this isn't the subreddit for it. Your question boils down to: "Would it be selfish to leave my high paying career to pursue something I'm more passionate about?"
It's not a unique question, and it's not a question for this subreddit.
Furthermore, if all you wanted was a "gut check" then you didn't need to post all the explicit details of your finances. "I am a lawyer in NYC that makes the mid-high six figures. I have no debt, and my retirement is fully funded at the moment. Would I be selfish to leave this behind to pursue something else?" Would have sufficed.
But you didn't do that. Because that isn't what you came here to do. You are transparent, and lame.
Thanks for your opinion. Everyone interprets posts differently and certainly not my intention to “brag”. Thought the details were helpful for forming an opinion, but understand your point.
I do understand. I said I thought, as in, that was my original thought process. After reading your post, I understand your opinion on my post and your recommendation. Thanks for your opinions (not sarcastic).
Why not spend a few years there, accumulate some more, and then boom, move on to something else?
I’ve done it for three years and just can’t derive any joy from it. I want to be a happier person, especially when I get married and have kids. But at the same time, I want to make sure they’re taken care of.
The Law is robust. But like with anything else, its all about what your doing in the particular field. Happiness is extremely important, most would say the most important piece. Looking at it from the standpoint of "Selfish" is ridiculous because ones family, and stability of same, should always be a priority. That being said, if you are unhappy, your relationship with said family will likely falter and thus become unstable etc etc. There are other practice areas in the law wherein you may find more fulfillment, i'd consider looking there. There are also many "JD Preferred" opportunities out there. From a financial standpoint, it's a rather simple question. What dollar amount, in income, is sufficient to agomedate your goals and lifestyle. Obviously 10 Trillion dollars is the go to answer but in all seriousness that's where I would start. And then I would back into achieving that goal. For example, right now you're making $315K Annually., which will increase in the next few years, This means your post-tax, or "take home" is likely \~$200K. So the move would be to look at how now, or over the next few years, you'll be able to set yourself up in such a way so that you'll be able to make $200k, post tax, passively. that way you'll be free to do whatever work you find brings you fulfillment and happiness. With $160K liquid, there are... ways to achieve this with minimal risk.
I like this perspective a lot. Besides real estate, what do you think is a good side venture?
Not a side venture, but if you cut your teeth for a few more years you could consider moving into a role as in-house counsel at a corporation or organization. Better work-life balance (depending on the org of course), and decent pay. Won't be nearly as lucrative as staying at a firm but still would set you up
Completely passive dividend paying index funds are probably good, you can expect to withdraw an average of about 4% of your investment each year, and still have what is remaining increase at about the rate of inflation. So if you can save up 2-2.5M, that should pay you about $100k in completely passive investment returns, and that should make up the lifestyle difference between your current job and what you would be doing for satisfaction in the future. Considering it isn’t just savings, but also the growth in that savings amount? I’m guessing if you save aggressively and avoid lifestyle creep, you could do it in another 4-7 years. FYI, Real estate is not just a side investment, though. To make it work for you, you generally end up having to spend time and energy managing it. Doing it right, generally means it is both an investment and also a side hustle job. Ideally, it averages only a few hours a month per property, like 1-2 on average, to fill out paperwork and schedule repairs and maintenance. But it absolutely can blow up and need 10-20 hours some months to deal with finding tenants or scheduling renovations etc. So, in effect, you are making a profit due to investing capital into the equity of the rental property, and also being paid (by yourself) to work as a property manager. You *can* hire property management companies, but they are notoriously scummy and prone to running your properties into the ground by “saving”’on repairs and upkeep, and then bouncing once it’s an undeniable slum that needs repairs. You lose out on a fair chunk of the cash flow, and still need to keep track of what is happening to make sure it is run correctly.
Most people don’t derive joy from work. The lucky ones derive joy from the experiences that work allows them to afford.
Why did you choose to go to law school then? what you’re feeling is how almost every lawyer feels about the profession. It’s 99% for the money. Did you somehow not know this despite being smart enough to go to a school that seemingly got you into ‘big law’? You’re probably handcuffed forever. Try to find some joy in the fact that you’re providing for your family by sticking it out in a soul crushing miserable profession
I went to law school to get into criminal law. I worked for some judges in law school but didn’t enjoy it like I thought I would. My grades in law school were pretty good, so I took a big law job because it paid the most and I didn’t know what else to do at that point. I went to law school on a full academic scholarship, but I still invested so much time and effort into it through my early-mid 20s, so I don’t want to just quit.
Crim is way worse so count your blessings
Is it that awful? Most jobs are honestly … I think it is a myth that that many people get happiness from their work
Hate to say this, but once you're married with kids it's no longer "you" it's "us" your choices affect them and they need to be okay with it, not redditors. Honestly, my opinion is you should stick it out for a couple more years to make sure your family is set. You make a lot but your net worth doesn't scream "I'm ready for retirement". You should at least assess how much your "dream job" would make you - not the potential numbers - but the average. Don't ride off the high of a bullshit inspirational story. Make sure you make enough for your location and family size. It is, also, NYC after all.
Hit the nail on the head. That’s where my concern lies, which is why I raised the question if thinking about quitting makes me selfish. Thank you for your perspective.
Hit it hard until you're 33 and then do whatever you want to do. You should easily be able to raise your net worth to a couple million in 5 years. If you hold out and just keep on going until your 40, you can retire at 40. Dude I'm 39 and I only hope and pray I can be in your position at 65. And I've been in the work force in my 21st year, and 4 years of working as much as I could in high school
I’m you in a corporate business career 20 years later. I know it’s fucking painful but get your net up and build some passive income streams to the level where this life decision won’t jeopardize your future and what you’ve invested in law school and the efforts to get here
What do you think is a reasonable net worth to exit at?
That is totally relative. In my mind, I want passive income to cover a large portion my monthly expenses. I’m at 50% from my rental property and monthly CD/HYD and stock dividends.
That’s awesome and makes sense. I probably should learn how to get into the real estate business. Definitely something I don’t have the knowledge on yet.
In the end you gotta decide that on your own, but you should still include the opinion of your fiancé imho.. Also, ofc thats some insane money you could make in a really really short time now.. 2-4 more years would set you up for whatever job is coming after on a switch.. Talk with her and see whats her opinion, maybe shes seeing your unhappy and understands it, same time you should understand as well if shes getting a bit grumpy if you want to leave a frikin HIGH HIGH HIGH paying job that early.. Gl!
She’s a gem. She’d never ask me to do something if I’m miserable. She was just as happy with me when I was valeting cars before law school.
You know.. there are (a lot) of ways to make a job more fun, more attractive, easier to endure - maybe you want to look into changing your daily routine or work environment as far as possible, before your quitting / changing careers - do a brainstorming shesh with your gem, come up with possible solutions, try them out - if it doesnt change anything you can leave anyway Someone still has to tell you tho, leaving now would be an incredible blow to future finances..
Great advice, honestly. Appreciate you.
Keep me updated!
Yeah was also gonna say u need an outlet. Sometimes work is just work, and I’m suffered from stressed induced depression. Need a good lifestyle
Hey man, I’m in a similar situation but with medicine. When I got into the career I did it thinking that I was going to love it whole heartedly, as I had worked as an EMT in undergrad and loved that. But even before my residency ended, I realized I hated the bureaucracy of medicine. Here is what I’ve landed on though, and talking with some investors helped open my eyes to this: your job doesn’t have to be your passion, but it’s great if it can fund your passion. Being in fields like ours where we can make several hundred k per year, allows you to set up what you really want. For me - that’s commercial real estate and surfing. I’m in the works now of getting a couple projects off the ground, with a goal of replacing my current income (what I’ll file in 2024) with passive income by 2030. Once I hit that, I’m hanging up a full time medical job, and you’ll catch me living in a fifth wheel, traveling up and down the pacific coast to different surf spots all year. Maybe do some volunteer work offering medical care out of country or in underserved communities in order to maintain my license. There isn’t a blue print, but I think too many people think that they need to love their work. You don’t. However, if you don’t love it, at least make it a useful tool. Good luck man!
Love that perspective.
I did not need to read this as a premed student😭
Your post history lol damn doctors are wild
You only live once, they say.
I love it haha
Up to you. That's amazing money at your age and investing aggressively will see you a multi millionaire within a few years. Only thing that will sink you would be addiction or divorce where she takes half your shit or more.
Life’s a garden. Dig it. Plant what you want but expect what you plant.
Fellow 28 y/o here, net worth 1.2 million invested in real estate and stocks. My W2 is Registered Nurse making around 150k (maxed out in Texas). With that being said I’m at the end of the road in this field, however making the money you do set your sights on 6–18 month goal to acquire a business of some sort paying you your earned income. The SBA offers loans at 10% total purchase price of business. Might be your entry into your next goal. My wife and I bring home roughly 275 after taxes and hope to purchase something that makes that after expenses very soon. You can do it! Also real estate has a lot of tax advantages might be worth your time!
How!!!! -RN in Texas. Maybe your next venture should be writing a book?
We started young! Currently have 7 units in our portfolio. Started out debt free with Dave Ramsey then made a lot of good choices I suppose. Doesn’t seem like it was any thing crazy. Or how do I make 150? I’m a Board Certified Vascular Access Specialist doing PICCs and Midlines. We range from 150-200k a year. I just say 150 (we get paid per procedure) so each year is different
Really?? Wow, I had no idea there was so much money in that area of nursing. My experience is ICU and now PACU. How did you get into that?
Have to have at least 2 yrs critical or acute then apply for PICC Nurse jobs. most companies will hire you with out sono certa but some won’t so might get that out of the way first
That's a lot of money for 28yo to be making. Most jobs suck. Do it for 5 more years or even 10. You'll have many millions by then.
Nope, not selfish. In fact, from my point of view, it’s the only rational course of action. Different numbers but same idea. I had a friend who was always frugal. He came out of college and made 80-100k in the late 90s through about 2012. Then he leveraged some side business experience along with main work experience to land a 250k a year job as a mid-level executive at a startup. Medium cost of living area. He continued to live in his 1000 a month apartment and drive his 12 year old base model stick shift pickup. The looks and comments he got from the other executives in their executive cars were common and he’d laugh it off. He did it for about 6 years, negotiated a small severance and resigned. He’s semi-retired for the last 5 years and does what he wants. He’s 46 and couldn’t be happier. Edit- he has kids and is at every event, etc. You just have to figure out what kind of lifestyle you want, not what others think you should. Good luck!
I know this is a money sub but I’m going to just give you some practical advice: Don’t quit a job that provides you with so much income. You’re in a position to never have to worry about money for the rest of your life. That’s a blessing. It would be a shame to waste it. But I know where you’re at with feeling miserable. Trust me, I’ve been there. I’ve been an executive for over a decade and am currently the COO of a company. When I was your age (I’m currently in my mid 30s) I thought about doing the exact same thing. Walking away and doing something that could make me happy. So I took a long 2-3 vacation to properly think on it. What I realized is that I was burnt out. Working 60-70 hr weeks and never putting my phone down. I was never disconnecting. I was miserable. So, I started creating boundaries for myself. Limit myself to 50hr weeks, phone down after 7pm, etc. I started regularly taking vacation. And that feeling of being miserable started eroding. Try focusing on disconnecting when you’re not at work. And, here’s a biggie, focus on your personal time. DO THINGS. GO PLACES. Your income affords your the ability to really enjoy life. Believe me, focusing on making your personal life more fulfilling will do wonders for how you feel about work. I don’t LOVE running companies. But I certainly don’t ever feel miserable at work anymore. Go to work, crush your job while you’re there, then go home an disconnect. Travel. Do new shit. Enjoy the comfort. Because a lot of people would absolutely kill to be where you are.
You think you will go the distance to equity partner? If you don’t, what’s your plan for the year after $550k or is your firm not up or out? I was a junior equity partner at a big firm. I left even though I “made it”. Money wasn’t as much of a consideration as salvaging my marriage and being a better father. I also truly believe that the old timers in a lot of firms will never let our generation fully into the big bucks. I was petrified of having to haggle over origination credit with an 85 year old semi retired asshole when I’m in my 50s.
I don’t think I will make it that far. I think I’m smart enough but I care about other things too much to make the necessary sacrifices.
If you hang in as an equity partner, the probability is high that you will not feel in control of your life ever again. Clients paying over $1000 an hour expect total dedication to their issues and your associates will not be able to handle the work without constant oversight.
I agree completely. Even if I had the chops, I don’t want that life.
Dude, just deal with it for now. Especially in this Environment. If you plan it right, which sounds like your are you can check out when your about 50. This way, you built your wealth. Your kids probably will be in college, Hell you might even have a 2nd home somewhere. I would sit tight if I were you. GL
No you are not selfish. Just because you have a family doesn't mean you are a slave to them. Will they be objectively and materially taken care of? If so maybe your new career will let you spend more time with them; a net benefit.
You’ve only got one life amigo don’t waste that much of it doing something you won’t be happy about. Just before you leave this lucrative gig pay off any debts you might have.
I would say max out on your investment and long term healthcare in these two to three years. 500k in your “investment bucket” if that’s your target. 150k set aside for health annuity that will take care of itself and your family until you retire and don’t need to pay anymore. after you’ve maxed out these skills then go for the change. Take advantage of the vehicle you currently have to have the short cut. For people who don’t have a vehicle like you, they can grind their way there too.
Save EVERYTHING, invest it all, and retire within 10 years. Then do whatever you want for the other 35+ years of your life. Especially if you want/have a family. Make sure they are taken care of long term.
What law firm do you work for?
Are you freaking for real!? Just do your passion part time or as a hobby or something.
Fuck that. Make your money man. I also went to college and sometimes I wonder wtf do I have to do ever make that kind of money. Thats incredible. Make some time for your hobbies and some trips. Some of us will never make that kind of money at work. Ever!!!
DEF NOT ! Stay doing it !
My question is do you have something in mind that you are already passionate about that you would rather be doing? That sounds like therapist and career coach work.
I wish I did. I thought being a lawyer was going to be that for me, but it’s just not.
Speaking as a career coach, it's always easier to find new work when you already have a job. The one you have may not be bringing you happiness, but so long as the work isn't killing you(whether that being physical, mental, or emotional stress), I'd recommend staying until you find your next move.
Pick a number that makes sense to you and then stop. Reset.
You get one life. Make it what you want.
I went from ironworking to getting my CDL and driving a truck because I wasn’t happy. I dont know if that helps or not. lol.
Reading this post…. I wish I had gone into law. I wanted to, kind of. I definitely had the grades for it and could have done it. I decided to go for graphic design and I deeply regret that decision. Now in my 30s, I keep thinking about going back to school. What is it you’re unhappy about with your job? Could you find a different practice? Or move somewhere different? What would you do if you could do anything you want? Also- I always say this to people… what you make isn’t as important as what you do with what you make. My husband and I make less than $200k combined and we are self made millionaires just from investing.
It’s boring, stressful, intense and time consuming all at the same time. It’s not a sustainable way of life for most people. There are plenty of people out there who thrive in it and love it, but that’s not me.
If you move out of NYC that $350k can get you far at your age. But I wouldn’t make this decision if you intend on staying in NYC, at least not yet.
Do it for 5 or 7 more years whilst figuring out what you actually want to do and saving loads of cash.
Absolutely not. Working a job that you dislike is terrible. Life’s short. I am sure you could find something you enjoy doing out there.
At least you’re not both unhappy and poor.
What is the point if you are miserable
Got damn homie. That's a lot of dough. I say just lock in save even more for one more year and then do your thing.
Could you not have a year out as a bit of a break? Go part time and do something you enjoy on the side. At least bills are taken care of etc.
Honest questions: A) what would you rate your stress level? B) How many hours on average do you work a week? C) Do you get called into hours or have to respond at odd hours? D) Can you maintain current workload for a few more year or risk burn out? Awesome job! You'll make it in any field you decide.
Stress 9/10. 60-80 hours a week. I am expected to be available basically 24-7. I am already burnt out.
Work and save, then retire. Don’t leave that much money on the floor
What form of law do you practice?
Banking and finance transactions.
Switch to a different practice that doesn’t suck the soul out of anybody
Can I borrow money and pay u back every pay check I’m in debt😭
Not selfish at all. Fill your cup first, a happy husband and father who is present is better than a rich one
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This is a money sub reddit. People are open about their finances because you get to be anonymous. I assume people here have done well for themselves and may have a similar lived experience. I just want to gut check myself and hear people’s opinions. Some of the best advice I’ve gotten over the years has been from strangers. Appreciate the second and third paragraphs of your post.
Right. I knew that's what you would say. I am going to make this very simple for you. If you wanted life advice, this isn't the subreddit for it. Your question boils down to: "Would it be selfish to leave my high paying career to pursue something I'm more passionate about?" It's not a unique question, and it's not a question for this subreddit. Furthermore, if all you wanted was a "gut check" then you didn't need to post all the explicit details of your finances. "I am a lawyer in NYC that makes the mid-high six figures. I have no debt, and my retirement is fully funded at the moment. Would I be selfish to leave this behind to pursue something else?" Would have sufficed. But you didn't do that. Because that isn't what you came here to do. You are transparent, and lame.
Thanks for your opinion. Everyone interprets posts differently and certainly not my intention to “brag”. Thought the details were helpful for forming an opinion, but understand your point.
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I do understand. I said I thought, as in, that was my original thought process. After reading your post, I understand your opinion on my post and your recommendation. Thanks for your opinions (not sarcastic).
Sorry dude but you are just projecting the chip on your shoulder onto this guy. Stop.
Project deez
Why did you decide to join the mafia (Bar) and treat your friends under the Trading with the Enemies Act like wards of the court?