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About

IMG_3252Welcome! Thanks for stopping by my little corner of the web.

A little bit about me.  I’m your pretty typical millennial for the most part.  29 years old.  By day, I work as an attorney.

I’m engaged to Ms. FP, a 30-year old dentist who is currently completing a residency.

We also have a small dog – we’ll call her Financial Pup – who does her own thing to help us pay the bills.

I started this blog as a personal project to share a little bit about what I’ve learned about money and side hustling over the years, as well as to document our journey towards financial independence.

Some of the topics on this blog include:

  • Personal Finance
  • Investing
  • Paying Off Debt
  • Journeying Toward Financial Independence
  • Merging Finances With Your Significant Other
  • Side Hustling Using The Sharing Economy
  • Finding And Selling Sweet, Sweet Trash

So how did I get to where I am now?

Like almost all newly minted lawyers, I graduated from law school with tons of student loan debt and very little knowledge about how to handle the new income from my first real job. To my credit, I did do one thing right:

After graduating in May 2013 with 87k of student loans in my name, I had one goal – to pay that debt off as fast as I could.  I started my first attorney job at the end of 2013 and began seriously repaying my student loans in January 2014.  I made my final student loan payment in June 2016.

At the beginning of 2015, I started trying to figure out what I was doing with my 401k and stumbled upon the personal finance community and the many personal finance podcasts out there.  I was hooked!

During this time, I also stumbled upon the world of side hustling through the sharing economy and I started doing tons of stuff I never thought I could do to generate a bit of side income.  I started up a small dog sitting business using DogVacay and Rover, hosted travelers using Airbnb, delivered food for hungry people using Postmates and Caviar, and sold furniture and other items I found using eBay, Craigslist and OfferUp.

Now I’m free of student loan debt (for myself at least) and hope to share my experience to teach, inspire, or whatever else this blog can do for you.  As a typical high earning power couple (at least at some point in the future), I hope this blog can be a particularly helpful resource for future or current lawyers, doctors, dentists, or anyone else with a solid income, too much debt, and not enough knowledge about what to do with it.

So what is a Financial Panther?

The name Financial Panther comes from an episode of the Simpsons, where Homer mishears the words “financial planner” for the words “financial panther.”  I’ve always chuckled at this joke.  You can see a clip from that episode here.

There isn’t really a real definition for the term.  Urban Dictionary defines a Financial Panther as:

A large jungle cat that can be trained to maul a person’s creditors and bill-collectors if that person is short on money.

So I guess a Financial Panther is someone who can maul their creditors and bill-collectors.  I think that’s not so bad of a definition.  It’s my hope that through this blog, you can learn a little something and become your own financial panther.  Take control of your money.

Become a Financial Panther!

Thanks for stopping by.

6 Comments

  1. Great story! I can’t wait to read more about how you paid off the debt so quickly, particularly with the side hustles. Did you do this while you were in Biglaw as well?

    As a fellow lawyer blogger, welcome to the neighborhood!

    • Thanks! Love your blog as well. It’s got great info!

      As to your question, I didn’t really start these side hustles until mid-2015, but have loved trying these new gigs out.

  2. Thanks for sharing your story. Where are you guys based?

    I’ve had a lot of friends who stopped practicing law after 5-10 years to do something else. Have you noticed this trend as well? The law industry seems to really spit people out after chewing them up, just like the banking industry.

    Sam

    • Hi Sam! We live in the Twin Cities, which has a lower cost of living, but still pays pretty good salaries. It’s not rock bottom cost of living here, but combined with the good incomes folks seem to make, you can really carve out a comfortable life.

      You are correct in your observation of the legal industry. The attrition rate in “big law” (which is what we call working at the largest firms in the country) is horrendous. The pressure of billable hours wears you down. Plus, dealing with multiple bosses (every partner is basically your boss), competition between associates, and the general unpleasant atmosphere means that the vast majority – anecdotally, I’d guess 80% or more – will move on to a different type of legal environment within the first 3-7 years. I do know some lawyers that have left law altogether, but lawyers are a pretty conservative bunch, and I’d wager that most will just stick around doing some type of law, just in a less high pressure environment. Most likely in-house or government.

      The interesting thing about sticking it out in big law is the reward. You’re basically rewarded with even more work and worse hours. Once you hit partner, you don’t just get to sit back and do nothing. So if you’re miserable as an associate, there’s not really a light at the end of the tunnel for sticking it out and trying to make partner (other than making obscene amounts of money and spending it all on housekeepers and nannys to take care of your home, since you’re never home).

      So long winded answer, absolutely, the law industry chews people up and spits them right out. It’s basically the nature of the money making machine.

  3. Saw you post on another blog and just KNEW you had to be a Simpsons fan! Loving all your side hustles, got to see which I can start doing 🙂

    • Thanks Mr. SLM! I’m a big Simpsons fan, at least up until around Season 10 or 11. Glad you enjoy the side hustles and you should totally see which ones work for you.

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