I’ve always said that here.

(http://www.autoadmit.com/thread.php?thread_id=5777923&forum_id=2).#49286260)

I’m more inclined to own my house outright than almost anything else. I have to treat good years as windfalls. Other folks here already know their income trends well enough to more or less bank on repeated performance in subsequent years. I’m not confident that way, although we have some good stuff in the works for 2026 also.

(http://www.autoadmit.com/thread.php?thread_id=5777923&forum_id=2).#49286298)

not having any debt is a huge boost for most people

(http://www.autoadmit.com/thread.php?thread_id=5777923&forum_id=2).#49287200)

it provides a subjective, not-actual benefit (makes someone feel "at ease"), not an "actual" benefit (which would be the case if it resulted in you having more money in the end, which it doesn't).

(http://www.autoadmit.com/thread.php?thread_id=5777923&forum_id=2).#49287205)

actually, you do buy insurance. same thing.

(http://www.autoadmit.com/thread.php?thread_id=5777923&forum_id=2).#49287218)

how in the FUCK is this analogy apt? insurance is a product. you purchase it on the off chance that something bad happens. the benefit in it is that if a catastrophe befalls you, you are covered.

how on fucking earth is that anything like choosing to pay off a 3% loan rather than pay the minimum on the loan and invest the balance in an S&P fund, which historically returns about 11% a year?

or maybe i'm missing your point. perhaps i need to fall off the top of my house headfirst.

(http://www.autoadmit.com/thread.php?thread_id=5777923&forum_id=2).#49287231)

the benefit of insurance is peace of mind. same thing. quit trying so hard to be a little bitch, you little bitch

(http://www.autoadmit.com/thread.php?thread_id=5777923&forum_id=2).#49287258)

nobody buys insurance to feel good, you dumb fucking retard. it's a product that compensates you if you experience disaster.

that isn't what paying off low-interest debt is. that is just making yourself feel better because you are "debt free." you aren't hedging against anything, you are just about guaranteed to end up in a worse financial position if you do it. (i say "just about," because you could invest the excess money into an asset that loses value - e.g., paying the minimum on your house and putting the difference in an S&P fund starting in April 2000).

how are you this fucking dumb? and jewish?

(http://www.autoadmit.com/thread.php?thread_id=5777923&forum_id=2).#49287277)

this shit should be baked into sealclubbers dna but he's such a dave ramsey powergoy it's unreal.

(http://www.autoadmit.com/thread.php?thread_id=5777923&forum_id=2).#49289036)

if a catastrophe happened id rather have 100k of debt and 100k in a savings account than zero fucking dollars and no debt.

(http://www.autoadmit.com/thread.php?thread_id=5777923&forum_id=2).#49288966)

LJL at this guy. My god.

(http://www.autoadmit.com/thread.php?thread_id=5777923&forum_id=2).#49289045)

how do you guys get paid out? draw throughout the year or do they settle the account each month? it sounds like the former. at my current firm, when i make equity i'll be paid out every month (they don't do the holdback thing), but will get assfucked in taxes. the equity partners evidently make you open a "personal" corporation. one of the biglaw firms does this - kirkland maybe? my tax burden at the biglaw firm was 120, so i am not looking forward to that.

what kind of retirement plan do you have?

congrats on the comp. i should make that or hopefully a bit more next year.

(http://www.autoadmit.com/thread.php?thread_id=5777923&forum_id=2).#49286228)

yea the self-employed retirement account is 180 as fuck. i loved that about biglaw. i lost it when i went back to jackson lewis to be an "income principal" but got it back when i jumped from there. and then i moved again and am back to the ttt 23k 401k contribution until 2027 when i should be equity.

i have right around $1.1m in my 401k, in large part due to the $60k contributions when i was a biglaw partner.

(http://www.autoadmit.com/thread.php?thread_id=5777923&forum_id=2).#49287020)

We did our usual salary as draws against that anticipated profit over the course of the year as that seemed most sensible. I wanted to pay myself more but instead we put all partners families health insurance on as costs which for me had the net effect of bumping my monthly take home up to match inflation for the year.

You were complaining about how your retirement accounts need work but they all seem pretty well fluffed up already.

(http://www.autoadmit.com/thread.php?thread_id=5777923&forum_id=2).#49287097)

yeah, i felt last year that my 401k balance was kind of TTT, but it's damn near doubled in a year. my wife and i have around $2.2m in 401k funds between us. assuming we don't go into a prolonged bear market, that should be more than enough.

(http://www.autoadmit.com/thread.php?thread_id=5777923&forum_id=2).#49287151)

Buy a condo or something up near Rehoboth beach or something like that? Or a ski unit w resort management. ? Could be fun for family and you wouldn’t be losing anything

(http://www.autoadmit.com/thread.php?thread_id=5777923&forum_id=2).#49287170)

my friend (the guy you looked up to out me, lol) owns a place near rehoboth and just started renting it via air bnb. i'm going to see how that's working out for him.

(http://www.autoadmit.com/thread.php?thread_id=5777923&forum_id=2).#49287176)

I should probably talk to a financial planner. My investments such as they are are all fucked up.

(http://www.autoadmit.com/thread.php?thread_id=5777923&forum_id=2).#49286265)

honestly, if you just put all your money into the vanguard all us stock or global stock index, or VOO (S&P index) you will do very well.

(http://www.autoadmit.com/thread.php?thread_id=5777923&forum_id=2).#49287036)

First things first clear out the debt is my thought. That will give me more flexibility each month to save etc. plus I mean I’m going to take out some ratty little loan against the house just so a bank can manage my insurance and property taxes on the house instead of me.

(http://www.autoadmit.com/thread.php?thread_id=5777923&forum_id=2).#49287082)

i put my money into the following ETFs, splitting among them roughly equally:

VOO (vanguard's S&P index)

SCHD (schwab dividend fund - probably best in a tax-sheltered account)

VGT (vanguard's tech ETF)

SMH (semiconductor ETF)

SCHG (schwab's growth stocks - lots of non-tech growth companies)

but honestly you could just do VOO and nothing else because that's probably nearly impossible to beat.

i'd also put some money into bitcoin, like $500 a month or something.

(http://www.autoadmit.com/thread.php?thread_id=5777923&forum_id=2).#49287937)

your kallman weiner is 1.5 inches erect, you cant "do" hookers

whatever you do, don't buy more mail order children to molest

(http://www.autoadmit.com/thread.php?thread_id=5777923&forum_id=2).#49286572)

https://www.xoxohth.com/thread.php?thread_id=5778121&mc=2&forum_id=2

Even Kenny isn’t dumb enough to have posted that sophomore stuff above

(http://www.autoadmit.com/thread.php?thread_id=5777923&forum_id=2).#49287429)

sealcubber, let's do a little hypo. let's say you have a guy with a $1500 monthly mortgage payment and the rate is pretty low - say 3.5 or 4%. let's consider two scenarios.

scenario 1-

i decide i really don't like carrying debt and am going to double my monthly payment, which represents all of my disposable income. so i am paying $3k/mo and not saving anything. but the upside is my house is paid off in 10 years, not 30.

scenario 2-

i make the minimum payment and have $1500/mo left over. i either put it in VOO or a high-interest savings account at 5%.

now let's fast forward 8 years later. i am laid off from my job. if i'm scenario 1 guy, i have been aggressively paying down debt and i'm almost there, but i still have a fairly large amount of debt in the house. plus i have a $1500 mortgage payment due in a few weeks and no savings. fuck. i was SO CLOSE to paying the house off but i wasn't able to do so before i got laid off and my mortgage is still due. is craigslist still around? maybe i can sell my holds.

if i'm scenario 2 guy i have $175,000 or so if i did the high interest rate savings acct or about $260,000 if i threw that money into VOO. i have a $1500 mortgage payment due in a few weeks. this really sucks, but thank god i have assets i can tap. my holds are safe (unless i want them not to be haha)

which one is in a better position? or am i misunderstanding your HURR DURR ZURICH IS DUMB WHAT IF U LOSE UR JERB poast above? if i misread you, pls explain.

as a sidenote, can you tell us where and how you invest your money? lmao.

(http://www.autoadmit.com/thread.php?thread_id=5777923&forum_id=2).#49289226)

That said, some people are morons who cannot be trusted with debt. For them, Dave Ramseys advice is good.

(http://www.autoadmit.com/thread.php?thread_id=5777923&forum_id=2).#49303905)

your hypo above is a guaranteed rate of 5% vs a mortgage of less

the hypo way up thread was not that, you fucking putz. you seemed to think that investing in the market was a guaranteed rate of return of durr durr way more than the mortgage debt

you really are too stupid for me, but i'll play along

try again, fucktwit

(http://www.autoadmit.com/thread.php?thread_id=5777923&forum_id=2).#49303910)

Date: September 24th, 2025 9:33 PM

Author: Pajeet Singh

Income about a million this is SP

Should I just leave a lot in the firm?

http://www.autoadmit.com/thread.php?thread_id=5779690&forum_id=2#49299970

(http://www.autoadmit.com/thread.php?thread_id=5777923&forum_id=2).#49302494)