Anonymous User wrote:18 month anon here:
Yep, it’s great to see others in big law who are saving a lot especially since I have no one to talk to about this in real life and it seems my coworkers are spending like $3800 for a 1br to be close to the office etc. People who went from negative net worth above are really inspiring.
To be honest though, I still feel like quitting big law at least once every week. The golden cuffs are so real though because I tell my self that if I can stay for another 2 years I can hit half a million (if the market doesn’t crash in between). As they say, “the first million is the hardest.”
Ive considered the Texas thing given how many recruiters email about it every day. I calculated I would’ve saved about 18k in taxes for 2018 had I been in TX (and even more going forward as my income rises) but I don’t think it’s worth a move just for financial reasons. My rent is already pretty low now so it would have to be a move for QoL which honestly does seem like it would be way better there, except all my friends and family are here. Hence, stuck in nyc.
Given how you live, Tx would not make sense. You’d save money, but you’d have to invest in a car/car insurance/gas, etc., to realistically make it work.