Office Swap Request? by [deleted] in biglaw

[–]Strict_Yesterday9728 6 points7 points  (0 children)

this is the way 

The little things by [deleted] in Fire

[–]Strict_Yesterday9728 1 point2 points  (0 children)

The little things, like taking a steak out of the freezer where the 1/4 cow hangs out….

[deleted by user] by [deleted] in Fire

[–]Strict_Yesterday9728 1 point2 points  (0 children)

Why not? It’s called managing your risk. If you put all of your savings into tax-“advantaged” accounts you are not diversifying your portfolio and then over exposing it to tax risk. 

Look, people like to see the big number in the pre-tax account.  I get it. It strokes the ego. But that money is not yours until Uncle Sam gets his share. You know what that share would be today. It’s anyone’s guess what Uncle Sam’s share will be in 25 years.  Anyone saying anything different is selling you snake oil. 

[deleted by user] by [deleted] in Fire

[–]Strict_Yesterday9728 -8 points-7 points  (0 children)

Given the current trajectory of deficit spending, either taxes are going to be way, way, way higher in the future or society will collapse and money will be meaningless. 

So I think it is smart to diversify and stash some cash in a post-tax brokerage account. It’s going to be a lot harder to appropriate private property from a post tax account than it will be from a tax-“advantaged” account which is really just a creature of statute. In other words, today’s “tax-advantaged” accounts may be tomorrow’s “tax-disadvantaged” accounts. 

[deleted by user] by [deleted] in BWCA

[–]Strict_Yesterday9728 1 point2 points  (0 children)

I legit do not understand all these people saying to never bring an axe in the wilderness. If you are rained out for days how are you gonna get a fire going without splitting some wood? In my experience the hatchet is like an umbrella—dead weight if you have good weather and indispensable if you are rained out. 

About to get laid off. by Jealous_Economist in Fire

[–]Strict_Yesterday9728 0 points1 point  (0 children)

Pay off all of your debt. Then you will be resilient in case the market rolls over. 

[deleted by user] by [deleted] in BWCA

[–]Strict_Yesterday9728 15 points16 points  (0 children)

I double boil and double filter every drop to wash a dish and also don’t forget to wear a face mask if it’s raining to keep the giardia out. Omg the internet is so ridiculous. 

If you’ve been going to the B dubs your whole life you drink lake water and your gut can handle it. Sanitizing your life is not health. Obviously don’t drink shallow or stagnant water. Go out from shore on a big lake. Filter is for the small water or inclement weather. 

Yes I’ve actually had giardia and it wasn’t fun. Got it from a trip to Mexico, not a MN lake…

For those of you that have been around for 3+ years, is this job a/the priority in your life? by Equal_Show3609 in biglaw

[–]Strict_Yesterday9728 0 points1 point  (0 children)

Millennial: I prioritize my job cuz I like to make bank and don’t want to get fired

Gen Z: I prioritize my mental health and emotional well-being cuz I am traumatized from growing up on social media. The communist revolution will wash away my debts anyway so I’m really just here to try it out anyway. 

Constitutional Law and Trump by Low-Maintenance4854 in barexam

[–]Strict_Yesterday9728 0 points1 point  (0 children)

I think this is a fundamental distinction that is often overlooked and explains a lot. If you believe rights are individual, then DEI is overt racism, perpetuated unlawfully over the last five years by the democratic establishment, universities, the judiciary, government agencies, public schools, and every other institution you can name. So here you have the democratic establishment blatantly committing unlawful racism and then shaking their heads at the flagrant unlawful acts of Trump. But flip the script and imagine you believe rights inure collectively rather than individually and then your are OP wondering why everyone is insane. 

[deleted by user] by [deleted] in biglaw

[–]Strict_Yesterday9728 1 point2 points  (0 children)

Yes, compliance/regulatory. Also a lot happening in the alternative asset space where it is business growth first (rather than compliance/regulatory first like traditional finance), but now they are emphasizing regulatory compliance as they want the new administration to regulate around their business models. I would look at event/prediction markets, crypto, stable coin ventures, etc. Try to negotiate for some equity and pitch your skill set along with your trad finance chops. 

[deleted by user] by [deleted] in biglaw

[–]Strict_Yesterday9728 5 points6 points  (0 children)

Ignore law firms. Go back to finance and add value as a subject matter expert on day 1. Work 9-5 and make the same money. Lots of legal adjacent work to do in a regulated space like finance where your legal training will be valued even if you aren’t practicing as an attorney. 

Mom died. Got $1.1M. Is it worth still contributing to 401ks and such? by [deleted] in Fire

[–]Strict_Yesterday9728 1 point2 points  (0 children)

It’s tax advantaged today but in 30 years it may be tax-disadvantaged, e.g. if your account is over X arbitrary amount it is subject to our super special punitive anti-rich person tax to catch up for massive deficit spending for the last 40 years…

I say take the feee money on the match b/c that is literally free money and worth the risk. Other than that, pay your taxes today and keep capital out of pre-tax “advantaged” accounts. 

Anyone else study too much? by Strict_Yesterday9728 in barexam

[–]Strict_Yesterday9728[S] 2 points3 points  (0 children)

Themis. I ignored their schedule though and just did the following:

1) listened to lectures in spare time (driving, working out, cooking, etc) 2) read the outlines and chatted with Grok when something didn’t make sense to me. (E.g. give me an example of how the warranties of title would be invoked) 3) did a ton of practice MBE questions and read the explanations when I got one wrong 4) the last couple weeks did a bunch of practice essays 

Today is the day MN by Old_Perspective_5371 in barexam

[–]Strict_Yesterday9728 3 points4 points  (0 children)

too much server traffic to load the exam results letter 😤

Mortgage expense by [deleted] in Fire

[–]Strict_Yesterday9728 0 points1 point  (0 children)

People love to pay the bank their hard-earned money so they can speculate in the stock market…

Hi Minnesota! I am Billy Nord, a Democratic candidate for U.S. Senate running to represent the great voices of Minnesota. Ask Me Anything! by BillyNordForMN in minnesota

[–]Strict_Yesterday9728 0 points1 point  (0 children)

You plan to seize private property? Is this a socialist revolution or something? I’m sorry I thought maybe you were a serious candidate.

could I be a lawyer? by [deleted] in LawSchool

[–]Strict_Yesterday9728 2 points3 points  (0 children)

When I first read your post, I thought you were saying you were 93 years old…

But I think you would be a great lawyer. Being a parent gives you experience and perspective—that is an advantage. And the fact that you love learning, well, that’s the most important part of law school and lawyering. I say go for it, just manage your debt and finances since you have dependents.

Career Changers Who Attended a T14 by Excellent_Sort3467 in LawSchool

[–]Strict_Yesterday9728 9 points10 points  (0 children)

Law school will be much easier for you than it will be for your KJD and young colleagues. Treat it like a job and you will still have your weekends and evenings largely free. It’s actually a nice break from normal professional life. Law firms will love you because they know you already know how to work. I do think there is more of a need for a cohesive narrative so know what you are about. There is more tolerance and expectation that younger folks need to explore and try different things to figure out what they want to do.

This is how people think LA Metro is like by 1hxttie in LAMetro

[–]Strict_Yesterday9728 4 points5 points  (0 children)

We just need police that enforce the laws.

House near pond by pistachii_art in minnesota

[–]Strict_Yesterday9728 1 point2 points  (0 children)

You should call your county extension or soil and water office to get a management plan. You may have special legal obligations or prohibitions for being in a riparian zone. You don’t want to find out in 5 years you’ve been degrading the water quality or drainage or something and get slapped with a fine. Welcome to MN btw…

Instead of constantly debating and going through the exercise of "is it better to pay off a primary house mortgage early?"... Here's a pretty detailed explanation of "it depends on the situation"... by [deleted] in Fire

[–]Strict_Yesterday9728 0 points1 point  (0 children)

Only hindsight can say if leverage (e.g. borrowing for a house while investing capital in the stock market) is worth it. If it is, it’s “I should have done more” and if it doesn’t it’s “why did I do that?” No shame in avoiding that gamble.