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How many years to pay off $140k in debt?

Assume BIGLAW, NYC, not a big spender but also not living in...
.,.,,...,......;;.,,,,,,,.,.....,...,.,  07/28/12
3k rent. 2k other expenses if you live frugally. you do the ...
" " ' ' "  07/28/12
WE NEEDC TO KILL ALL NIGGERS
,.,...,..,,.,:,;,;,.,.,:.,:,.,,.,.,.,.:,:.,:.::,.  07/28/12
We're in a deflationary environment, meaning that debt which...
The God of Tits and Wine  07/28/12
if you aggressively pay down you can get it in 5 or less. ma...
.:;..;;.;...,,..,.::.;.;....;:;,,.;;:..;...  07/28/12
WE NEEDC TO HANG ALL NIGGERS
,.,...,..,,.,:,;,;,.,.,:.,:,.,,.,.,.,.:,:.,:.::,.  07/28/12


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Date: July 28th, 2012 9:59 PM
Author: .,.,,...,......;;.,,,,,,,.,.....,...,.,

Assume BIGLAW, NYC, not a big spender but also not living in a studio with two roommates and never eating out or taking a vacation.

(http://www.autoadmit.com/thread.php?thread_id=2007693&forum_id=2#21201605)



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Date: July 28th, 2012 10:00 PM
Author: " " ' ' "

3k rent. 2k other expenses if you live frugally. you do the math.

(http://www.autoadmit.com/thread.php?thread_id=2007693&forum_id=2#21201620)



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Date: July 28th, 2012 10:01 PM
Author: ,.,...,..,,.,:,;,;,.,.,:.,:,.,,.,.,.,.:,:.,:.::,.

WE NEEDC TO KILL ALL NIGGERS

(http://www.autoadmit.com/thread.php?thread_id=2007693&forum_id=2#21201625)



Reply

Date: July 28th, 2012 10:02 PM
Author: The God of Tits and Wine

We're in a deflationary environment, meaning that debt which is in nominal terms will take less dollars to pay off in the future. Assuming a steady income stream, you should be able to sock away ~10% of your debt every year, worst case scenario. Factoring in interest & deflation, I'd say around 10 years of doing what you are right now.

(http://www.autoadmit.com/thread.php?thread_id=2007693&forum_id=2#21201644)



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Date: July 28th, 2012 10:05 PM
Author: .:;..;;.;...,,..,.::.;.;....;:;,,.;;:..;...

if you aggressively pay down you can get it in 5 or less. maybe if you adjust for NYC you can get it down to a reasonable (70k or whatever) amt and drop out of biglaw after 4 years.

(http://www.autoadmit.com/thread.php?thread_id=2007693&forum_id=2#21201662)



Reply

Date: July 28th, 2012 10:03 PM
Author: ,.,...,..,,.,:,;,;,.,.,:.,:,.,,.,.,.,.:,:.,:.::,.

WE NEEDC TO HANG ALL NIGGERS

(http://www.autoadmit.com/thread.php?thread_id=2007693&forum_id=2#21201653)