Posted on 03/21/2022 6:42:00 AM PDT by grundle
Two things on this Ramsey list have always driven me nuts. Of course, I have never had a debt problem.
1. Keep the credit cards. I use credit cards all the time, if something goes wrong, the bank and merchant are on the hook. Credit cards are a valuable tool - and no, I don’t spend more because of them - money is money to me.
And the big one:
5. The debt snowball is the worst advice in the world. Debt is debt and the highest interest rate should be paid off first. Make a simple spreadsheet with all the debts and target the money toward the highest interest. I know he claims psychological benefit to completing a debt, but I couldn’t sleep at night if I knew I was paying off something that was 5% APR, instead of something that was 18% APR. I think I would go insane.
So many idiots went to law school to be down with the struggle, that there is a massive oversupply of lawyers out there. Unless you know someone, went to the top schools or a diversity hire, then it's very hard field to break into a make money.
Not that I feel sorry for this guy or the many like them.
I wonder if this is fake, like all those Dear Abby advice columns were faked back in the 1970s. They used to stick that column next to Household Tips from Heloise. Another blast from the past.
First, set up an off shore account to funel all your income so you wont have to pay state, local or federal tax. Then, find a native American woman(or man) to marry so you can defer any income you receive.
Run for congress and win. You’ll be a Multi millionaire inside of 2 years.
Sue your school for a refund since you clearly got nothing from the education.
If this makes sense to someone, they should not have been awarded a high school diploma, let alone a law degree.
There you go...that would actually make more sense than this.
Pay-off your debts, lowlife ambulance-chaser scumbag.
They are just millionaires in training............
I then went pro se (legal-ease for representing myself), I took 3 weeks of vacation time to focus on learning legal strategies and procedures, and in a few months I won custody.
And I'm supposed to believe years of law school is worth hundreds of thousands of dollars? I'm supposed to be intimidated when someone threatens me by saying he's a lawyer? Call me unimpressed.
Student loans aren’t wiped out by BK generally... so BK isn’t going to help him with this one
Here’s a thought: You can discharge your debt. However, it also means losing the degree, and any licensing associated with it. It also goes into a central database where it can be checked to see who has given up their degree under such a program. Pay it back later, you can still reclaim it (Licensing might have lapsed in the interim; Oh well).
Just because he got a degree does not mean he is smart. Look at AOC, she has a degree in Economics and has less than a grade school knowledge.
He’s a lawyer. He could do us all a favor and pay them from his life insurance proceeds.
Not better at all - get rid of the smallest loan first so your cashflow increases to both increase your monthly income and then your loan payments to the larger loans.
Yep
People like you, ARE the problem. You take out loans then whine and cry because you have a debt you don’t WANT to pay. You have no business being an attorney, you don’t understand real life. Thanks a bunch loser.
I have met a poor lawyer, they work for city and state governments or NGOs and give all their extra cash to hang onto liberal campaigns in seeking the dream of well paying government official. If they would look sideways and understand corporates law, the review of enforcing contracts, pays 3 times as much, with little risk of being hung out to dry without an paycheck.
This question most likely is coming from someone in the 70-90k income range that the current administration is setting up for an epic income squeeze between rising healthcare costs due to regulation and increased state and local taxes in supporting the urban environment.
>>> Can you please help? <<<
I can’t help stupid, but you could learn to code.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.