The Bar

I took the bar exam a couple of weeks ago. The run up to it was far more difficult than the actual exam. Keeping up a steady pace of reviewing notes and practice questions night after night, not knowing what lay ahead, was more taxing than just sitting down for 12 hours and answering a couple of hundred questions.

I wouldn’t call the test easy. But they do allow you to get quite a few answers wrong while still receiving a passing grade. I walked out of the test feeling pretty sure that I passed it. The results don’t come out for a few more months though so we’ll just have to wait and see.

One poor friend of mine, Nina, is a wreck. – Convinced she’s failed she can barely sleep. I keep telling her to just come over to my house for a drink so she can forget her cares, but I’ve yet to coax her out. I’m sure she did fine, she just worries far too much, she was the same way all through law school. I’m the polar opposite. I’m convinced I did well and even if I didn’t, big deal, I’ll just try again.

For the first few days after the exam I spent a lot of time just hanging out with friends. – Pouring drinks, smoking things, and enjoying the company of others.

I’m still holding down my 4 night a week do-nothing job at a non-profit. I took the job last winter because it basically gave me 8 straight of hours of nothing to do but sit still and study. Now that the bar exam is passed I’ve been spending my time doing some pleasure reading. Since the job is past its usefulness for me I’ve been considering when I’m going to quit.

I’m going to purchase another rental property or two, hopefully by the end of the year. I definitely have enough money for one, and might have enough left over to get a second if I can drive a couple of hard bargains. The rent from two more places would be enough to cover all my living expenses indefinitely, plus allow me to save a fair amount of money each month.

So I’ll probably hold onto the job until I’ve bought what would be my 4th property (since I have two currently).  Just so I have that little bit extra each month going into my savings while I wait and see how much these next two houses will actually cost me. As soon as I have the 4th house I’ll quit my job. So hopefully that will be by the end of the year or so. In the meantime I’ll be enjoying my quiet nights working through a stack of books that have been piling up while I was busy the past three years reading case law.

 

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5 Comments

  1. lurker
    Posted August 4, 2012 at 4:03 pm | Permalink

    for such a laid back young dude you are quite the real estate mogul in the making. how about an article about how you handle being a landlord? cheers.
    Ned

  2. Posted August 4, 2012 at 6:00 pm | Permalink

    Nifty and if I remember right, the job was relatively easy. If you can hang on to it without being too bored and get reading done and maybe another job – I’m thinking some sort of data entry or telecommuting of some sort, then you’re doing TWO jobs in the time of one.
    Accelerating your income will speed up your “don’t have to work again” schedule. :)

  3. Posted August 6, 2012 at 6:03 am | Permalink

    @lurker I can’t give away all my secrets now, can I? I wrote a little about landlording here.

    @rob It’s definitely a job where I could pull double duty doing some other paid work at the same time. But I’ve worked hard enough. I’m just going to enjoy some down time for a little while. Being at the job is when I rest.

  4. Posted August 6, 2012 at 3:14 pm | Permalink

    If I ever take another job, one like that is what I want.

    congrats on passing the bar!

  5. Maus
    Posted August 8, 2012 at 4:35 pm | Permalink

    Best wishes on the Bar exam. I feel for your friend. I, too, walked out of the thing convinced I’d failed. Walked over to a bar with some friends; toasted them; and started packing for the monastery. I was unquestionably the most difficult three-day ordeal of my life. Happily, the day after Thanksgiving brought good news for me. I hope that proves true for both you and your friend. Meanwhile, enjoy the reading.