Ramit SethiRamit Sethi: The No-BS Guide to Living a Rich Life

Graduating Law School without DEBT #financialfreedom #debtfreejourney #money

27 Feb 2023 · 1 min

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Excerpt from a YouTube video (Ramit Sethi, uploaded Feb 27, 2023) where Ramit interviews Megan about graduating law school with little-to-no student debt. Key points in this chunk: Megan reports having only $10,000 in student loans and expects cancellation; Ramit contrasts that with a hypothetical $100,000 loan and discusses return on investment for high-earning lawyers; an additional speaker notes total debt of $229,000 (95% mortgage).

Questions this video answers

$10,000

February 27, 2023

$229,000 total debt; 95% is the mortgage.

Chapters

You have only $10,000 of loans graduating from law school?
Yes, and I think they're going to be canceled.
Do you realize how ridiculous and amazing that is?
Yeah, it's incredible.
Like you could graduate with $100,000 of loans. It would not make a difference because you're going to be making a really high income.
I wouldn't have gone.
Just as a hypothetical, because I think this is important. You would not have gone to law school if you had to take out 100k of loans?
Probably not.
Okay, and let's say that I was interested in law. Do you think I would go to law school if I had to take out 100k of loans? Yeah, I don't give a fuck. 100k, whatever. I know how much I'm going to make as a corporate attorney. 200, then 300 and blah, blah, blah. That's a lot of money. I see the ROI, you see the cost. Only their.
Debt is $229,000, 95% of which is their mortgage, meaning.
Megan only.
Has $10,000.
In student loans.