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> This proved problematic when my wife and I decided to refinance our home. Although Gina, an attorney, earns plenty, we needed a bit more income to persuade le
by orangeeater 8y ago
> This proved problematic when my wife and I decided to refinance our home. Although Gina, an attorney, earns plenty, we needed a bit more income to persuade lenders to work with us. It quickly became clear that for us to qualify, I would need more than occasional gigs as a freelance writer; I would need a steady job with a W-2.
He's working for amazon to get a loan so he can refinance his house. I think that's half-true, and I suspect the other half is that he got a job there so he could write this article.
Either way I liked the article - it's a little misleading though.
- akeck 8y agoThat quote is a little... off? If your wife's an attorney and you can't get a refi with getting a job delivering packages, is that house massive? Why would the relatively small contribution of a delivery job push a bank over the line for a refi? Isn't getting a delivery job during the Xmas season usually temporary?
- ryanmetz 8y agoMost attorneys don't work at large firms and don't make nearly as much money as the popular imagination would hold it. There is a huge glut of law school graduates that is driving down wages outside of the white shoe firms, as well.
- brudgers 8y agoLegal salaries are bimodal. https://www.nalp.org/salarydistrib https://www.nalp.org/salarydistrib
- ukoki 8y agoAny idea why there's such a narrow peak at 160k? Is it a tax efficiency thing or are law firms colluding on salary? (or something else?)
- JauntTrooper 8y agoIt’s the starting salary at biglaw firms. The law profession is very guild-like in it’s hiring practices.
- vonseel 8y agoHe also mentioned that his checking account is overdrawn, so I think he may need this income.
- WaddyJones 8y agoIt’s not like his checking account was overdrawn and he has no assets to pay it. He owns a fucking house lol. A checking account overdrawn PLUS OWNING A FUCKING HOUSE does not mean he needs money. It means he got the amazon job solely to write this article. It’s just obvious IMO
- Banksy_is_Qanon 8y agoNo, he doesn’t. Dude, HE OWNS A HOUSE. An overdrawn checking account PLUS A HOUSE is not the same as an overdrawn checking account in isolation. This guy is not poor. HE LITERALLY OWNS A HOUSE , dude. He doesn’t “need” the income any more than a rich person “needs” more riches. Given his status as a man with assets masquerading as a man without them (“I own a house but my checking account is overdrawn, therefore I need money!!!”), It’s obvious that he took the gig primarily (or, more likely: solely) in order to write this article. Pretty dishonest that he doesn’t mention that IMO.
- rconti 8y agoHe clearly stated he needed W2 income. It probably doesn't matter if it pays less than 1099.
- magduf 8y agoInstead of refinancing, it sounds to me like they need to sell their house and buy something smaller and cheaper. Live within your means (or better yet, well below your means so you can handle income changes easily).