Any Given Sunday

I just tallied up the total extra income I earned last month from my second job.  A little over $800.  It’s not quite as much as I made delivering pizzas, but it will do.  The nature of my current moonlighting gig is much different than my pizzeria job.  With this new gig, I can mostly work from home and I charge a much higher hourly rate than I earned delivering pizzas.  But I work fewer hours, and I do not have a steady stream of work, so I have to deal more with monthly income fluctuations.  Since I work full-time during the week, I tend to complete the projects for my second job at night and on weekends.

In some ways, it’s harder than delivering pizzas. 

The Pizza Diaries, Part 5: One Drove Over the Cuckoo’s Nest

I previously mentioned that my marriage suffered from neglect during my days as a pizza delivery driver.  We suffered in other ways as well, from one complicating factor: my husband and I only own one car.

When we moved across the country about a year and a half ago, my husband and I decided to sell his car so we would have one less expense to worry about.  We owned a home, so we were going to have to make the mortgage payment on our old place and the rent payment on our new place, so we cut back on as many non-essentials as possible.

A few months after we moved, our home sold and we no longer had the mortgage payment to worry about.  But we decided to hold off on buying a second vehicle for a few reasons.  For starters, we wanted to make extra debt payments (although we had not yet adopted a strategic plan for doing this); we carpooled to work since my office was only a few blocks from his; and gas prices in our area are always high (about $4.50 right now).  So we figured we’d save a little money by sticking with one car as long as we could stand it.  Plus, my husband’s job pays for a free monthly train pass, and we live near a station, so if push comes to shove, he can always take public transportation for free.

Lawyers and Anxiety

I was talking with a lawyer friend of mine the other night who wanted some dating advice from me.  A woman on a dating site had messaged him asking my friend to tell her more about himself.  He called me in a panic.

“So tell her about yourself.  What’s the big deal?”

“Well, everything there is to know about me is in my profile.”

“Come on, I’ve seen your profile.  All it says is that you’re a lawyer and you like to watch sports.”

“Yeah, I know, what else is there to tell?”

“Well, what do you think about all day?  What new things do you want to try?  What do you think the meaning of life is?”

“I don’t know, I haven’t thought about it.”

“Haven’t you ever read a book that’s completely out of the realm of what you would normally read?  Or listened to some world radio station at random just to see if you like it?”

“Why would I do that?”

The Pizza Diaries, Part 4: Stereotypes and Tipping

I’m no stranger to the service industry.  In fact, when I decided to get a second job, I knew the only way I would make good money at a night job would be to earn tips.  I knew this because after I graduated high school, I worked various day jobs while going to college, but I always supplemented my income by waitressing at night.  If I made $10 per hour during the day, I knew at night, I could make $15 or more waiting tables. When I decided it was time to get my hustle on again, I thought of pizza delivery because I could earn tips without the inevitable back pain, leg pain, and side work that go with serving gigs.

But there’s an ugly side to working in an industry where workers rely on tips.  I’m talking about stereotyping people based on how some service industry workers believe certain groups of people tip or don’t tip.

The Pizza Diaries, Part 3: Just the Facts

For those of you considering taking on a second job to eliminate debt faster, read on for some of my experiences with moonlighting.  

We’ll start with the positive.

1.  The money was terrific.  The area I delivered in happened to be quite wealthy, and the pizza was obscenely overpriced, so on average, I earned between $21-25 per hour.  My base pay was $8.50 per hour, plus $1.50 per delivery.  I would make about two deliveries per hour, and the minimum tip was usually $5.  If I had a big order, it was not unusual to earn $15.   My shifts were usually about three hours – longer if I had to close – so I ended up bringing home over $300 per week. 

The Pizza Diaries, Part 2: What I Wouldn't Give for a Flux Capacitor

My first week as a pizza delivery driver, all I could think about was what I would do if I were ever invited into Doc Brown’s DeLorean.  I guess the first thing I would do is pay a visit to my twenty-six year-old self and beat the shit out of me with my LSAT study guide.  And then I’d rip up my Grad Plus Loan application. 

But according to the most senior driver at the pizzeria, I was supremely lucky. 

Drivers at Papa John’s have to make pizzas and wash dishes in between deliveries, "Reed" informed me.   At the local mom-and-pop pizzeria we worked for, on the other hand, drivers basically just sat around during slow periods.

The Pizza Diaries, Part 1: The Things We Do for Love

I didn’t have much of a family growing up.  That’s not to say that I did not have parents, or a decent number of siblings.  What I mean is that I never felt a real sense of family.

My mother grew up outside the United States, in a poverty-ridden locale.  She was functionally illiterate when she came to the United States, which limited her employment prospects.  In fact, the only jobs she ever had while I knew her involved cleaning up after people or animals.  I suppose this contributed quite a bit to her rage issues, although I have not quite gotten to the point where I have forgiven her for being emotionally and physically abusive to me.  I suppose that does not matter much these days, since she died this past November.  It had been a number of years since I had seen her, but it still hurts.  It’s funny, she never cared much for people, but she really liked animals.  So now every time I cuddle with my dog or watch one of my cats sitting near an open window pane, soaking in a warm afternoon breeze, I think of her.

The Start of My Blue Period

I took a long break from posting on my blog for one simple reason: I had no time.

A little background.  For about the past year, my husband and I have been paying off every debt we have, following Dave Ramsey’s seven baby steps.  We only had two types of debt, our car and our student loans.  Our car note was about $18,000 and our student loans, combined, were over $100K.  So we got cracking on our car note first, since that was our smallest debt.  A year later, we are down to my federal student loan, which means we’ll be living pretty lean for about one more year.  How have we been able to make such dramatic progress in only one year?  Work, work, work.

My husband works a salaried position (meaning he works a lot more than 40 hours per week), and he travels a lot for work, so there was no practical way for him to get a second job.  I therefore took it upon myself to find creative ways to generate more income.

A Hollow Victory

As you can see from the pic posted here, I have fully repaid one of my student loans.  This particular loan came directly from my school, which is why I cut out references to my alma mater's name.  That leaves me with one other loan that I am currently repaying, and then I am done.  I have about one more year, give or take, of Spartan living before I am debt-free, and I can close the dark chapter of my life known as Law School.  When I received this payoff notice, at first I felt a sense of pride and hope.  Soon I would actually be able to save some of the money I earn and build wealth for my future.

But after I read and re-read the second sentence, pride and hope were replaced with frustration and sadness.  Because I repaid my loan, some other poor schmuck now has the ability to take out crippling student loan debt.  And my school's low default rate remains intact, resulting in further federal student loan funding.

The Flawed Law School Model

I have referenced the law school "scam" and the failed/flawed law school model many times, but now I think I should discuss in further detail what exactly I mean when I reference these.  Here are my thoughts (in no pariclar order of importance). 

Law school does not prepare students to be small business owners.

At orientation, there were many speakers who described the rigors of a legal education, the stress that comes with applying to the Bar, the "many doors" that JD's open, all peppered with jokes about the fancy cars that most lawyers drive. What none of these speakers mentioned is that most attorneys, especially in the current job market, are basically on their own. They did not tell me that career services would not help those students who were ranked below the top 33% of their classes, and would instead tell them they would need to hang out their own shingles. (True story: an unfortunate classmate of mine had a 3.0 GPA, and was ranked just in the middle of the class. She was paying out-of-state tuition, and had racked up $160,000 in loans, when she went to career services for help in finding a job. She was told to hang out her own shingle, even though she had no business training and the law school did not offer a course in operating one's own practice.) I was lucky enough to find a decent-paying job upon graduation, but if I had not, I would have been in the same boat as many of my classmates, forced to run a small business with no training and no idea how to even practice law.

Netflix Corner: Maxed Out

For those of you living with minuscule entertainment budgets due to crushing student loan debt (or any other kind of debt for that matter), leaving you chained to Netflix streaming or youtube on  the weekends, check out Maxed Out, a 2006 documentary that eerily predicts the collapse of the housing market, and the economy as a whole, after far too many years of access to easy credit.  A major portion of the documentary focuses on credit card debt, but it also touches on the real estate bubble, predatory lending tactics employed on college campuses, and interviews with some pond scum, aka "collection agents."  

This is not the sort of movie to watch alone at night, since it is quite dark at times (stories of two students with outrageous credit card bills who eventually committed suicide are included), and because we all know what happened just a couple years after the movie was filmed. 

On the other hand, there are some lighter moments that highlight just how valuable an education is when it comes to succeeding in the marketplace.  Listen closely at about an hour and five minutes in as a real estate broker who doubled her money during the housing bubble describes a "track" home and informs us that the "medium" price of a house is $268,000. 

I wish someone would make a similar documentary based entirely on student loan debt in the U.S.  It is truly frightening that many people carry student loan balances equal to or greater than a typical mortgage.

Any other movie suggestions that will keep people like me motivated to pay off their student loans early and stay out of debt permanently? 

How Many Doors Did Your JD Open?

For anyone who's bitter about high student loan debt and/or the dearth of (paying) legal jobs out there, check out this piece from Nando of Third Tier Reality, which sheds some unflattering light on the higher education scam.  It includes some sobering statistics regarding the glut of student loan debt in the U.S., the lack of available jobs that require advanced degrees, as well as the frighteningly inflated tuition prices some law schools are charging their "customers" these days.  

Also, if you feel like getting involved in protesting or sharing your views on the higher education scam, check out the upcoming protest scheduled to take place October 8th in San Diego, California. 

The Things You Only Read About

Ask Again Later by Davis, Jill A. [Paperback] (Google Affiliate Ad) 
 
Ask Again Later is Jill Davis' "chick lit" novel about a woman who suddenly quits her job as an attorney and goes to work for her father's law firm as a receptionist.  There are reasons for her drastic actions, which I won't spoil for you here.  The central themes of the book involve the main character's fear of commitment (to her relationship and to a career), and how unfinished business with our parents can sometimes keep us stuck in limbo.  

The book is entertaining in a fluffy, Cosmo's "Fearless Female of the Year" sort of way.  But I did have a little trouble with the main character's inability to take a simple phone message (it's as if the book would like us to think they only teach that in secretary school or something) and with the writing structure, which tends to be a bit pared down, even for chick lit.  But if you're up for reading about an attorney's brush with life on the other side, check it out. 

Inspiration

This is a terrific article by Phyllis Coletta.  She is a former attorney who quit the law in order to become a cowgirl.  It is truly inspiring and funny.  I would read it occasionally when I was still practicing law.  It gave me great comfort to know that people with her kind of courage and humor had been where I was and had successfully gotten out.  Thanks, Phyllis.  

What are some of the roadblocks keeping you from leaving the law?  What would you be doing if you no longer practiced?   

The Trap of Student Loan Debt, Part II: Do You Want to Get Out?

Many unhappy attorneys feel they cannot quit practicing law because of the enormous burden of student loan debt.  If you have been considering leaving the law for another field or to start your own business, paying off your student loans affords more opportunity to take risks (perhaps in the form of a lower-paying but more satisfying position), as well as the feeling of hope that comes from building a future, rather than paying for past mistakes.  

A little over a year ago, I found myself in the position of having left my attorney job for a lower-paying one, but still carrying a large student loan balance of over $100K (between my husband's loans and mine).  Since then, I have gained more control over my finances, and my husband and I have decided to take radical steps in order to pay off both of our student loans once and for all.  Before you begin your own journey out of student loan debt, you first need to ask yourself whether you really want out because getting out involves a great deal of sacrifice.  Let's talk a little bit about some obstacles that might be standing your way.