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Messages - zemog

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61
If you are referring to me, then let me explain why they do. From a parents point of view, parents don't tell or push you to do something because they think it's a bad decision and that they want you to just be unhappy.  They aren't telling her to go to law school because they think it will ruin her life.  They think it may actually make her happy if she goes.  Not the other way around. 

Now whether it's a correct decision of her parents to do so, is another question. 

All I'm saying is we don't have the full picture, it's very easy to side with the OP since we are only getting the information from a point of view. 

As to the poster who said that it sounds like her family wants her to be happy...doesn't sound like it to me.  Sounds like they want her to do what they think will be most lucrative, not what they think will make her happy.

62
General Board / Re: WTF? Credit score of 550
« on: May 27, 2005, 11:59:52 AM »
Just take care of your credit cards and all your other loans will take care of the credit score in time.  After you pay off the credit cards, close several, all you need is like 2 and make sure you get some kind of cash back or rewards without having to pay the annual fee.  

Don't open any credit card accounts anymore.  And call the companies and threaten to close them. They will usually lower the interest rate on them to try to keep you.  Do no consolidate them with some kind of consolidation company, it will show up on your credit reports that you did. Also, I personally will not settle, just threaten to close and they will lower the interest rate to something very low, probably at the rates of the student loans.  

Don't touch the savings, you need that for a rainy day, as you probably know already.

Take care of your credit cards first. If you make 49K, that's around $4000 per month before taxes, let's say, after taxes with 1 allowance, you probably will take in approximately $2500 per month. It's probably more, but I'm assuming you put in something like 3% or so for 401K, up to what they might match 1 for 1 or .50 for 1.  Anyways, just say rent is 800, loan and car payment comes up to 800, and 400 for misc that are mandatory, like food and electricity for example.  That's 500 you can pay off for credit cards per month, and maybe even more.  If you can cut some expenses more, you might be able to knock off the credit cards in a year.  

Whatever you do, no minumim payments and live cheaply like you are a single bachelor that doesn't give a crap about anything.  Live cheaply by grocery shopping and eating in - use coupons, working out outside rather than a gym membership, buying clothes at places like ROSS or TJ Max than Macys or Bloomingdales, drive less often - ride a bike. Skip the Star bucks for the office blend coffee.  It's the little things that add up that kill us. and PAY OFF THE CREDIT CARDS FIRST AND FAST.  That's what's killing you.  

After you pay off the credit cards, cancel a couple of them, only carry one, put one away for an emergency situation.  Then you can either live a little, eat out a little more, etc. or just put all that money you were using to pay off the credit card to 401k, or saving account.  

Wait, before you do anything, give me some more information if you don't mind.  I don't care about whether you went to a 1st tier or a 4th tier, just give me some more facts, i'm not seeing the whole picture...

1a)When you say 'negative' account, are you saying you have 6 credit cards with 10K all together, or are you saying 6 loans, like education, car, etc. with 10K all together. 

1b)What's your total assets, like saving account, brokerage accounts, 401k, etc. I'm not referring to furniture, car, etc. 

2)How old are you?  550 seems low but again, I'm in the thirties...I mean, you might be 25 for all I know. 


3)Do you have any loans, car, house, or education loans.




29 and the Crd Card accts total 10K alone. There are three of them in the charge off column. Other accts are just student loans, car, etc(which are all current and have never been late). Assets are just about 1K in a savings acct. Is it best to save and settle them for 5K(Crdt Card companies usually will settle for 1/2 if in a lump sum or should I just start paying about $50 per month on each and go the long route).

63
This is a tough situation.  Not knowing you age - yet I think you are probably in your early 20s, financial situation - probably not make that much since you asked if you could make money or not with a bachelors, or family situation - I assume you depend on them or are very very very close to them, and assuming that your family is paying for your law school since they are the ones pushing you to go, I would go ahead and get it out of the way, and get your parents off your back.

I have a 'regular' job, just a bachelors and have been fairly successful but I am in my 30s already. I understand where your parents are coming from.  Just with a bachelors, but this was about 10 years ago, I only made 20k right out of ugrad and I live in a big metropolitan area.  However, success is a very relative and also what constitutes making money or not is relative.  A person making 20k may think that's a lot of money, and a person making 200k may not.

Look at it from your parents point of view. On the one hand, they want you to be happy and let you make your own decisions, hell, you are growing up and sometime, they have to let you go, but on the other, they probably think you are very young and need some guidance. This may be their last push and they'll leave you alone. Maybe they are pushing you because when you were younger you expressed your desire to go to law school, and now you are changing your mind. Maybe they think you are waffling because when the times are tough, you fold. Who knows what they are thinking but remember, parents want the best for you.

Even though you will probably be miseable in law school, I still think you should go.  You will NEVER hear the end of it, if in 10 years, you are making pennies and then decide to go to graduate school. 

And I know, people on this board will probably jump all over this and say don't go because it's your decision and who cares what anyone thinks, including your parents. 

You know my vote, and plus, I'd make a bet that you will make more money in whatever you want to do, such as public management with a law degree, than without.  Just my opinion again from my experience in the corp world for +10 years.  Law can help in any subject, from real estate, tax, computers, business, anything.  It's very versatile. 

64
Distance Education Law Schools / Re: Starting again
« on: May 24, 2005, 08:53:33 PM »
If you have no choice, like it sounds like you have none, then of course online schooling is the way to go if you want to be a lawyer. However, you must understand which I think you do, that this route has an inherent risk to it, that even if you get a JD from Concord and pass a bar somewhere in some state which allows you to, like California, it will be an uphill battle not only because of your health situation, but also because of the value of a JD from an online school.  With such a degree, you will still be frustrated because many legal entities will not look at you seriously, and you might be just setting yourself up for failure.  But maybe not.  It's just a risk that you have to weigh vs. the utility of the JD from an online school.   

Whatever you decide, I wish you luck.  It will be a tough road ahead, and I hope that one day, you can make the changes you hope for. 

Keep us posted, of course.

65
General Board / Re: WTF? Credit score of 550
« on: May 24, 2005, 07:52:04 PM »
Wait, before you do anything, give me some more information if you don't mind.  I don't care about whether you went to a 1st tier or a 4th tier, just give me some more facts, i'm not seeing the whole picture...

1a)When you say 'negative' account, are you saying you have 6 credit cards with 10K all together, or are you saying 6 loans, like education, car, etc. with 10K all together. 

1b)What's your total assets, like saving account, brokerage accounts, 401k, etc. I'm not referring to furniture, car, etc. 

2)How old are you?  550 seems low but again, I'm in the thirties...I mean, you might be 25 for all I know. 

3)Do you have any loans, car, house, or education loans.



66
General Board / Re: How do you become a closing attorney????????
« on: May 24, 2005, 01:31:05 PM »
Volunteer as an intern. 

67
General Board / Re: Is Professional Really Necessary?
« on: May 24, 2005, 11:48:11 AM »
What's the reason that they gave you that you need pro?  I can't imagine a situation in law school where you need pro over home. 

I would not upgrade either. 

68
General Board / Re: Trading in the Law for Real Estate
« on: May 23, 2005, 11:54:26 AM »
You can make a lot of money in real estate and there are many ways to do it.  You can do what you are saying, you can buy and rent out apartments, you can buy new houses, then flip them when they are constructed, or buy foreclosures and patch them up to make money, there's a myriad of things you can do, just like the stock market.  But just like everything else, there is risk involved. 

Most people I know that do this, have a 9 to 5, and do what you are saying on the side.  Because they need some capital and steady income to generate the down payments and fixing costs, and like I said, it's not a get rich scheme so there are times when you will not make money or lose money because you made a bad decision.

69
Distance Education Law Schools / Re: Starting again
« on: May 22, 2005, 12:56:13 PM »
My undertanding is that the only thing stopping you from attending the CT law school or any school which is not online is because you can not predict when you will need oxygen. 

Given this fact, I would still attend the CT law school or another ABA approved school. I think most schools are mandated by the state to accomodate students with disabilites or health problems.  I mean, if the schools say they can't accomodate you, then I can see you have a problem and Concord may be the only choice you have.

But there is no reason to be ashamed or who really cares if you are seen as being on equal playing field or not, because really, you are not. That's life. You were dealt a screw ball, but you got to deal with it the best way you can.

Going to Concord will not help your future.  Even if you don't want to practice in Ct, at least you will have attended an ABA school and that is very important in the law field.  Yea, Concord is convenient, but in my opinion, the convenience is not worth the negative stigma or future problems that comes with it. 

Like I said, the only reason I would attend is if the schools could not accomodate your situation.  Other than that, I still recommend attending an ABA approved school.

70
I scanned and sometimes xerox copied for weeks ahead so I didn't have to carry my books.

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