This is the Ramsey Call of the Day, part of the Ramsey Network.

Today's question comes from Dan and Massachusetts.

I'm finishing up my degree in accounting with absolutely $0 in debt and can get my CPA license to work at a big company soon. However, I'm also

considering law school, which would cost around $300,000, not including interest. The starting salary

for some lawyers can be $210,000 in my city. However, for accountants at big firms, that salary

can take around five to six years to get, while law school would only be about three

years to complete. Is it financially worth the trade-off to go into debt if it will increase my

income faster, or should I stay with my accounting degree and increase my salary at a slower pace?

Well, you know, these kind of questions are always very nuanced and very difficult to answer, you know, in a back and, you know, without the back and forth. I don't have Dan on the phone. So I'll dive into the considering law school. Why are you considering law school? Are you considering law school because of the sheer financial difference that you see here?

It tends to, the tone of his question, George, leads me to believe that he's thinking of law school

primarily for money reasons.

And I would always caution against that.

I'd want to know why did you choose to go into accounting? Do you love the

work? Does the work create results that matter to you? And I got to tell you, the $300,000,

George, I'm passionate about this. You should never pursue a law degree when you'd have to go into debt $300,000 to that school.

Here's why.

Quick context.

Several years ago, I had the opportunity to interview a lawyer on the Ken Coleman show,

based in Houston, went to Vanderbilt, very high-end school here in Nashville.

And he realized after the fact that he could have kept taking the L-SAT, got his GPA and his

LSAT score to a certain point where he could have gotten free rides.

Wow.

...