Personal Finance for Lawyers

Many lawyers can't take a vacation without going into debt and/or stressing about money the whole time. But a little planning on the front end could completely change that experience. In this episode, let's talk about practical strategies to pay for your summer vacation so you can enjoy your time away without stressing about money. Head to rhothomas.com/308 for the full episode show notes. Need help with your finances? Apply for a ...

What do you do when you've been trying to improve your finances but it feels like it's not working—it feels like you're not making progress with your finances? The answer depends on your situation. In this episode, we talk about 4 example situations in which someone may feel like they're not making progress on their finances and what to do in each. Head to https://www.rhothomas.com/305 for the full episode show notes. Apply for a s...

One of the biggest lies lawyers tell themselves is that making more money would solve all their financial problems. However, many make more now than in the past but still struggle. Because the real issue is not the amount they make; it's poor money management. In this episode, let's talk about why good money management is more crucial than income level and how to start thinking differently about your money. Head to rhothomas.com/30...

How many lawyers look like they have it all on the outside but are secretly living paycheck to paycheck and stressed about their finances? Unfortunately, it's probably a lot more than you think. In this episode, let's talk about the tendency of many lawyers to spend money to keep up appearances without thinking about the impact to their finances. Head to rhothomas.com/301 for the full episode show notes. Need help with getting out ...

Have you ever considered the downsides to making more that can lead to you being in a worse position? There's a pervasive, false belief that making more is inherently better, but that's not the case. In this episode, let's talk about why making more is not better and what really matters when it comes to your finances. Head to rhothomas.com/299 for the full episode show notes. Need help with getting out of debt and building your net...

Many lawyers struggle with their personal finances because they can't get over their perfectionism. They never make moves to get their finances in order because they don't know the perfect step to take and end up stuck in the same place. But rather than waiting for the perfect plan, it's much better to make progress toward the direction you want to go, even if it's imperfect. In this episode, let's talk about the importance of maki...

Learning about people making less than me who were better off financially was a critical turning point for my finances. Seeing the things they had achieved helped me to believe that my husband and I could do the same things. When you build your belief that your goals are possible, you take action and make progress toward achieving them. In this episode, let's talk about how your belief impacts your action and ultimate outcomes and ...

Your financial journey is about more than money. It's about freedom. Each step forward creates more breathing room and flexibility in your life. In this episode, let's talk about how taking charge of your personal finances creates more freedom and peace, long before you completely pay off your debt, build a seven-figure net worth, or fully retire. Head to rhothomas.com/296 for the full episode show notes. Need help with getting out...

As we settle into the new year, don't bring old money habits with you. Start the year with a fresh start for your finances so you can make real progress this year. In this episode, let's reflect on last year's efforts, set achievable goals for this year, and create a solid plan to achieve those goals by getting your cash flow in order. Head to rhothomas.com/295 for the full episode show notes. Need help with getting out of debt and...

Hope is a dangerous thing when it comes to your finances. Too many lawyers approach their finances with hope and nothing else. That’s not enough to achieve your financial goals. In this episode, let’s talk about why hope isn’t enough and a more productive approach to your finances. Head to rhothomas.com/294 for the full episode show notes. Need help with getting out of debt and building your net worth? Schedule a consultation at rh...

One of the biggest reasons that many lawyers never achieve their financial goals is they get caught up in the things they want in the present. But by focusing on the things they want now, they ultimately sacrifice the things they want most. In this episode, let's talk about the balance between what you want now and what you want most and how to make sure you're still giving attention to your ultimate goals. Head to rhothomas.com/29...

Whether you believe you can or believe you can't, you're right. Your belief makes all the difference in your ability to achieve your goals. The way you look at your goals and what other people have done dictates what you achieve. In this rewind episode, let's revisit a conversation I had with one of the first readers of my original blog a few years ago and talk about the importance of believing that you can achieve the things you w...