Wealthyesq: Money Talk for Lawyers

Laurel is a fashion-loving lawyer who had been struggling with credit card debt for years. She wanted to pay it off but didn't want to completely deprive herself of the things she loves. In just 6 months, she paid off all her credit cards and increased her net worth by 5 figures. Plus, she was still able to shop and have fun with her friends. In this episode, listen in as Laurel and I chat about our work together, what she's accomp...

What if the purpose of your money goal isn't to achieve it? Most lawyers view their goals as finish lines to reach, with anything short of full achievement being deemed failure. But that perspective overlooks the immense value in the journey toward the goal and the progress you make simply because you dare to attempt it. In this episode, let's explore a new perspective on money goals that places less emphasis on the goal itself and...

Sometimes it can feel like your finances are just happening to you. But they're not. You have authority over your finances, and you can change your financial circumstances. All it takes is a decision to do so. In this episode, let's talk about how not recognizing your authority over your finances can hold you back and what to do about it. Head to https://www.rhothomas.com/197 for the full episode show notes. Submit a question for t...

The way you think about your future is critical to achieving the goals you have for your future. The issue is many of us go to the negative and believe our goals are impossible or that things won't work out for us. You have to believe that the things you want can and will happen before you'll ever achieve them. In this episode, let's talk about the danger of negative thoughts about the future and the best way to get to the future y...

Learning to have money is critical to making progress on your financial goals. Many lawyers are used to not having money, so keeping money feels hard at first. But when you get this down, you can create stability in your finances, pay down debt, and save more. In this episode, let's talk about why it's so hard for many lawyers to HAVE money, some real-life examples of how this shows up, and some suggestions for how to fix it. Head ...

You're not getting better results with your finances because you're not spending time on the things that would yield better results. We often put a lot of time and attention toward things that don't move the needle in our finances. When you put more time and attention to the things that do, your results will follow. In this episode, let's talk about the things we tend to focus on in our finances and where to focus instead to get be...

Making more money isn't the quick fix solution to your money problems that you think it's going to be. You may even make more now than you did at another point in life when you told yourself things would be better once you made more money. It's because the amount you make is only one factor in what's going on with your finances—and it's not the most important one. In this episode, let's talk about the key to solving your money prob...

My clients Gabe and Olisi found themselves struggling with their debt balances and feeling stressed. But they were so focused on the negatives of their finances that they missed the positive things they were doing with their money. Although we worked on paying down their debt, a bigger part of our work together was improving their money mindset. In this episode, listen in as Gabe, Olisi, and I chat about our work together, what the...

You're not uncomfortable enough with your current financial situation to achieve your financial goals. Often our goals are just things we think sound good or would be nice to have, but that's not enough to actually achieve them. If you want to achieve your goals, you need to view them differently. In this episode, let's talk about why you're not achieving your goals and the changes you need to make to achieve them. Head to https://...

"I'm just not good with money." So many lawyers believe this or similar statements about their abilities with money. But all of them stem from the mistaken belief that some people are inherently good with money. That some people have the "X factor" and others don't. It's not true, and if you keep believing that, it will keep you from taking the necessary steps to make the progress you want to make with your money. In this episode, ...

One of the biggest drivers of my financial journey has been the opportunity to be more generous. Improving your finances will increase your capacity for generosity, but it's possible to make room for generosity at each stage of your financial journey. In this episode, let's talk about the importance of generosity and some of my personal experiences with it. Head to https://www.rhothomas.com/187 for the full episode show notes. Join...

When we're thinking about managing our money, we often think about the strategies like paying off debt vs. investing or how much we should save. But there's one piece of the money management puzzle that makes a much bigger difference in your financial situation than any of the strategies. In this episode, let's talk about what that piece is and why it has such a big impact on your finances. Head to https://www.rhothomas.com/186 for...

Let's talk about the best way to achieve your big money goals. Lawyers often want to go after the biggest goal from the outset, but that's typically a recipe for failure. A better approach is to identify the small steps that lead to that big goal and go after those instead. In this episode, let's talk about the importance of taking those small steps in the right direction and why this approach leads to more success. Head to https:/...

What's not moving you to where you want to be with your finances? The start of a new year is a great time to reflect on those things so you can let them go and implement new things as we come into 2024. In this episode, let's talk about a few things to leave in 2023 and a few new things to implement to move forward with your finances in 2024. Head to https://www.rhothomas.com/184 for the full episode show notes. Join Money Mastery ...

Every piece of financial advice isn't meant for you. Often people have opinions about what we should do and how we should handle our money, but they don't have the same goals or vision that we have. That makes their advice largely inapplicable. In this episode, let's talk about the importance of being mindful of who we take advice from and filtering the advice we receive through our vision for our lives. Head to https://www.rhothom...

Closing your eyes and hoping for the best is not a good money management strategy. At the same time, you don't want to be obsessing over every penny. I've been on both ends of the spectrum, and both sucked in different ways. In this episode, let's talk about a better way to approach your finances that doesn't suck and keeps you moving toward your goals. Head to https://www.rhothomas.com/182 for the full episode show notes. Join us ...