Anonymous User wrote:Debt: 300k (180k me, 120k spouse)
Salary: Year 1 = clerking, so like $60k me, $60k spouse. Year 2: 170k me, 65k spouse (in a state with no state income tax), plus $50k clerkship bonus.
Plan: Is this advisable? Live off my spouse's salary, and throw my biglaw salary at loans before I burn out or get pushed out (after maxing out 401K, IRA, home down payment fund, etc). We would live off about $70k for what, 4 years, before the entire balance is paid off? This seems simple, and since it seems simple I'm led to believe it is stupid. Is it?
Random: I plan to go into BigFed some day
What is the best approach to tackle this?
Does that mean you would be working biglaw hours for four years off of the equivalent of $30-35k a year?