A. Nony Mouse wrote:Ferrisjso wrote:A. Nony Mouse wrote:Ferrisjso wrote:Those 10% of income plans. I'm also one of the most frugal human beings alive. I don't drive(no car, car insurance), I don't watch TV(no cable bill), I don't like heat during the winter(no heating) and I eat once a day twice occasionally!
Okay, this is silly. 1) on the 10% of income plans you won't actually pay off the debt. I'm on one of those and I graduated in 2011 and my debt is higher than when I graduated. 2) no one actually lives like that.
Besides the lack of heat, I already live like that and I would live like that if I was making 200k a year. I can't drive, don't watch anything on TV that I can't watch on my xfinity account and I eat one big meal a day. Only reason I have heating is because I usually live with other people who want it. So I really don't get how that's unrealistic.
Have you actually lived on your own not in school? Anywhere that actually gets cold? And the vast majority of humans eat normally.
But apart from whatever you're willing to do, you seem to be projecting your willingness to live the most frugal lifestyle minimally compatible with life when you say debt of $150k is NBD. And most people are not going to succeed in living that kind of lifestyle. While most Americans could probably stand to be more frugal (me included), assuming a lifestyle like that is going to set most people up for failure.
I actually live pretty close to the same way he does, and I'm on my own not in college. I know a couple of other people who do as well.
IMO if you're really set on pursuing a legal career and you think it'd be good for you then it can sometimes make sense to decide to be poor for a long time
Money's overrated sometimes for some people. Would you really rather have a car than a fulfilling career? Bus rides are fun, you can play games on your phone and read or whatever.