[quote=spdrun]Married. Two people working. One kid. Bought house in early 90ies. I could easily see saving $10-15k per year, plus having positive equity in the home. I’m guessing that not all people in SD County got burnt by the housing correction, right?
Office space isn’t expensive if you do it right. What a lot of small lawyers do here is quietly sublet space from a bigger firm with extra floor space. Worker’s comp isn’t needed if you’re self-employed or a single-person LLP in most states.[/quote]
They do that here, too, and pay a fee to the larger firm for the use of their receptionist and other support staff, if needed.
A 45 year old would have been only 22-24 years old in the “early nineties.” If they’re just now entering law school, they would have had to have a college degree to be admitted. What were they doing in ’92, spdrun, going to college FT or buying RE??
For the avg non-trust-fund recipient, it is virtually unheard of to do both … simultaneously.
