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At Graduation: BIGLAW with Full Debt or No Job, No Debt, $100k
| Arousing orchestra pit | 09/02/10 |
| gaped 180 office | 09/02/10 |
| Arousing orchestra pit | 09/02/10 |
| gaped 180 office | 09/02/10 |
Poast new message in this thread
Date: September 2nd, 2010 3:10 PM Author: Arousing orchestra pit Biglaw with debt vs. no job, no debt, and 100K in the bank. (http://www.autoadmit.com/thread.php?thread_id=1412563&forum_id=2#15948449) |
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Date: September 2nd, 2010 3:14 PM Author: gaped 180 office Ha, interesting tweaked hijack on my thread!
j/k...I was thinking about actually putting this little caveat in mine (but didn't).
I think you STILL take the BigLaw with full debt--$100,000 is two years worth of salary (calculating after tax amount).
Soo...I don't think that sweetens the deal.
The better question, which you should insert as a revision, is having $500,000 in the bank.
THAT is the equivalent of what the BigLaw guy makes after almost 5-6 years right, so then it is an interesting hypo. |
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Date: September 2nd, 2010 3:28 PM Author: Arousing orchestra pit You only deducted taxes. Deduct loans, housing, and NYC BIG BRUNCH TAX, and it will take you a good 3-4 years to save 100K. (http://www.autoadmit.com/thread.php?thread_id=1412563&forum_id=2#15948562) |
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Date: September 2nd, 2010 3:40 PM Author: gaped 180 office Hmm, good point. I think even with those deducted, you certainly save more than $100,000 in 3 years...but your point is certainly right.
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