Search found 14 matches

by Surfinfan
Wed Oct 28, 2020 2:27 pm
Forum: Personal Finance (Not Investing)
Topic: Recently laid off, next move?
Replies: 13
Views: 2150

Re: Recently laid off, next move?

In general, I have found practicing law in a smaller, low cost of living legal market to be a lot nicer than in a saturated, high cost of living legal market. If you have a good relationship with your parents, you may really enjoy moving home, renewing your relationship with family, and looking for...
by Surfinfan
Wed Oct 28, 2020 11:21 am
Forum: Personal Finance (Not Investing)
Topic: Recently laid off, next move?
Replies: 13
Views: 2150

Re: Recently laid off, next move?

In general, I have found practicing law in a smaller, low cost of living legal market to be a lot nicer than in a saturated, high cost of living legal market. If you have a good relationship with your parents, you may really enjoy moving home, renewing your relationship with family, and looking for...
by Surfinfan
Wed Oct 28, 2020 10:54 am
Forum: Personal Finance (Not Investing)
Topic: Recently laid off, next move?
Replies: 13
Views: 2150

Re: Recently laid off, next move?

Sorry to hear of your job loss. I took a look at your other thread on paying down student loans and just have a few observations. You mentioned that you have never done real estate closings but that you have the opportunity to move to the NYC/Long Island area, be admitted by reciprocity in November...
by Surfinfan
Wed Oct 28, 2020 9:25 am
Forum: Personal Finance (Not Investing)
Topic: Recently laid off, next move?
Replies: 13
Views: 2150

Recently laid off, next move?

I was just laid off last week and looking for some objective advice. I have so many different options right now I am having decision paralysis. I graduated from law school in 2015 and have been working in Boston doing real estate litigation. This November will mark five years and allow me to transfe...
by Surfinfan
Thu Oct 22, 2020 3:01 pm
Forum: Personal Finance (Not Investing)
Topic: Housing market and the economy
Replies: 21
Views: 1969

Re: Housing market and the economy

I think we’re in a bubble. Most of the people who are buying now are people who already own homes. Few people who don’t already own can afford to get into the market right now. Also, we’re not seeing a ton of inventory because people’s mortgages are in forbearance. So no rush to sell if you’re under...
by Surfinfan
Wed Oct 14, 2020 1:46 pm
Forum: Personal Finance (Not Investing)
Topic: Starter Home vs. Forever Home
Replies: 60
Views: 5496

Re: Starter Home vs. Forever Home

Well for one you're looking at the best of the best neighborhoods. Why live in Syosset and Garden City when you can live in Plainview, Old-Bethpage or Hicksville. Almost everything is a split level on Long Island anyway and the schools are some of the best in the country. The difference between Syos...
by Surfinfan
Tue Sep 22, 2020 4:02 pm
Forum: Personal Finance (Not Investing)
Topic: Personal Finance App (if you start fresh)?
Replies: 32
Views: 1522

Re: Personal Finance App (if you start fresh)?

I’m actually quite surprised to see so many suggestions on here for Mint. I have to agree that you should go with YNAB. I actually started using Mint in high school (2008) for budgeting until last year. It got me no where except watching my net worth decrease while I was living on credit card float....
by Surfinfan
Sun Sep 20, 2020 9:43 am
Forum: Personal Finance (Not Investing)
Topic: Aggressive SL Debt Pay down v. Not meeting other goals
Replies: 40
Views: 2266

Re: Aggressive SL Debt Pay down v. Not meeting other goals

A few follow up questions: 1. Where are you from? Your OP suggested you’re not from NE or CA. Would there be any desire to move back? Close family or friend ties, job opportunities? 2. What type of law have you been practicing? 3. Would you have reciprocity/be able to waive into any state’s bar? I ...
by Surfinfan
Sun Sep 20, 2020 7:39 am
Forum: Personal Finance (Not Investing)
Topic: Aggressive SL Debt Pay down v. Not meeting other goals
Replies: 40
Views: 2266

Re: Aggressive SL Debt Pay down v. Not meeting other goals

Hope that helps. Good luck! Fyre4ce’s post is all great advice. OP - read it closely and best of luck. Thanks. One more thing for OP: I’d rethink whether this is the best time to move to California. Tax rates here are almost double (9.3% vs 5.05%) and rent is at least that multiple higher. I’m payi...
by Surfinfan
Sat Sep 19, 2020 12:47 pm
Forum: Personal Finance (Not Investing)
Topic: Aggressive SL Debt Pay down v. Not meeting other goals
Replies: 40
Views: 2266

Re: Aggressive SL Debt Pay down v. Not meeting other goals

Student loans are an odd debt. Federal ones offer a huge variety of safety nets in case of job loss. Private ones don't. That said, after filling up your emergency fund, you'll want to aggressively attack the private loan first for the above reason; it's the one without any safety in case stuff goe...
by Surfinfan
Sat Sep 19, 2020 12:43 pm
Forum: Personal Finance (Not Investing)
Topic: Aggressive SL Debt Pay down v. Not meeting other goals
Replies: 40
Views: 2266

Re: Aggressive SL Debt Pay down v. Not meeting other goals

As others have said - what your future income is a huge variable. My finances were very similar to yours when I graduated from law school, but 6 years out I make in then $175-200k range depending on exact bonus numbers (this was the reasonable expected path). Only you know what your reasonable comp...
by Surfinfan
Sat Sep 19, 2020 12:41 pm
Forum: Personal Finance (Not Investing)
Topic: Aggressive SL Debt Pay down v. Not meeting other goals
Replies: 40
Views: 2266

Re: Aggressive SL Debt Pay down v. Not meeting other goals

Any estimate on your future income? I don’t know much about lawyer income, but I know there’s a huge income difference between doing mostly pro-bono immigration law vs. a partner track position at a big firm. I don’t expect my income to rise much unfortunately. I completely underestimated how much ...
by Surfinfan
Sat Sep 19, 2020 12:40 pm
Forum: Personal Finance (Not Investing)
Topic: Aggressive SL Debt Pay down v. Not meeting other goals
Replies: 40
Views: 2266

Re: Aggressive SL Debt Pay down v. Not meeting other goals

fyre4ce wrote: Sat Sep 19, 2020 8:16 am Any estimate on your future income? I don’t know much about lawyer income, but I know there’s a huge income difference between doing mostly pro-bono immigration law vs. a partner track position at a big firm.
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by Surfinfan
Sat Sep 19, 2020 7:47 am
Forum: Personal Finance (Not Investing)
Topic: Aggressive SL Debt Pay down v. Not meeting other goals
Replies: 40
Views: 2266

Aggressive SL Debt Pay down v. Not meeting other goals

Hi all, I’ve read some great posts here and the wiki about paying down debt vs investing and think I am doing the right thing by aggressively paying down my law school debt. I am worried that I might be paying down my student loans too aggressively at the expense of not achieving my life goals. This...