Sunday, December 27, 2009
Dislike the idea of taking a low-paying "stable" job rather than starting my own law practice.
I just finished taking a practice MBE bar exam (well, the morning session), and I have a few minutes, so I figured that I would record my thoughts. B"H as things stand right now, if I took the bar exam today, (at least for the MBE portion of the exam), I would pass. This is quite a relief, especially since the substantive portion of the bar review hasn't even begun. So I'm in a good place right now. Now to learn state-specific law these next few weeks.
I was talking to my wife last night about areas of law I would like to focus in with regard to my practice, and I was telling her that I felt threatened that people are now trying to put me in touch with people who would possibly be willing to throw me a job. While that's all great, I'm not so excited to find someone here in NY who would give me a $50K/yr attorney job when I know in my heart of hearts that I could make at least that working my own practice with one hand tied behind my back. My wife says that there are priorities and that I have a responsibility to put food on the table and to support our family, and if I get an offer for $50K or $60K, I should jump on it because even though it wouldn't make us rich, we would get by.
I seem to completely differ, and I believe that once I'm licensed in this state, I can jump into getting started in a law practice and I can do whatever it takes to make this work. ...and even if I failed, there are likely going to be document review positions and projects that come and go over the year so I am relatively certain that we wouldn't starve. She just believes that security trumps being a visionary, and I feel that being a realist AND a visionary is the responsible way to provide long term for my family.
$50K doesn't sound so good when our rent is $1000/month, electricity and gas is ~$300/month, school loans hover around $450-600/month, and that's before we even consider taxes on that income (NY seems to be disgusting regarding income taxes), and the daily living expenses such as food, health insurance (~$550/month), diapers, formula, etc. I just can't see how we can even think of settling for this kind of lifestyle when there is something better just waiting for me to grasp for it.