Personal Finance for Lawyers

Have you ever bought something just because you saw other people with it? It's a common experience, but it's costing you more than the price of whatever you bought. In this episode, let's talk about how spending in this way leads to financial sabotage and some practical steps to overcome it. Head to rhothomas.com/328 for the full episode show notes. Need help with your finances? Apply for a coaching session at rhothomas.com/apply.

If you're one of the many lawyers who struggles to stick to a budget, I have a plan for you. Typically, one of three things is keeping you from staying on track. In this episode, let's talk about what these things are and how to fix them. Head to rhothomas.com/327 for the full episode show notes. Apply for help with your finances at rhothomas.com/apply.

Society's normal money habits keep people stuck and struggling. What if you could take 2 steps to break that cycle and radically improve your finances? In this episode, let's explore wisdom from various sources and talk about 2 steps to redefine how you think about money and change your results with it. Head to rhothomas.com/326 for the full episode show notes. Apply for help with your finances at rhothomas.com/apply.

Often when I talk to lawyers about their finances, they describe them as if their finances are happening to them, and they don’t even realize it. They talk about their money as if they have no control, but when you do that, you’re setting yourself up to fail. In this episode, we talk about what happens when you believe your finances are outside of your control and how you can turn things around when you acknowledge the power you have over your money. Head to rhothomas.com/325 for the full episode show notes.

If you're like many lawyers, you want to rush to achieve your financial goals as quickly as possible. You'd probably skip straight to the end goal if you could. But in focusing so much on the goal, you miss the most valuable part—the journey. In this episode, let's talk about the value of the journey and why it's more important than the goal itself. Head to https://www.rhothomas.com/324 for the full episode show notes.

You might think that having more money would make everything better. But what I have found is often lawyers don’t know how to handle having more money at first. It feels uncomfortable, and they find ways to get rid of it and sabotage their progress. In this episode, let’s talk about why it feels uncomfortable to have money and how to fix it. Head to rhothomas.com/323 for the full episode show notes.

Have you ever thought about how much money you've made so far in your career? Or how much you'll make in your lifetime? For most lawyers, that number is at least a million dollars. But many of us never learn to manage all the money coming to us. Instead, we focus on how much we don't have and how we need to make more. And we end up with nothing to show for all the money we made. In this episode, let's talk about why so many lawyers lose a million dollars and how the way we tend to think about money can hinder our ability to keep more of that money for ourselves. Head tohttps://www.rhothomas.com/322 for the full episode show notes.

Are you a lawyer who overspends? Learning how to control your spending is the key to achieving all of your financial goals. In this episode, let's talk about how to stop overspending and what to do if it happens anyway. Head to rhothomas.com/321 for the full episode show notes.

Sometimes one of your biggest strengths can actually prove to be a weakness. Case in point: Lawyers tend to be really good at following steps and rules. But when you’re trying to manage your money better, you can get hung up on rules to your detriment. In this episode, let’s explore why some common rules around how to manage your money, such as maxing your 401(k) and putting 20% down on your house, may not be serving you. Head to https://www.rhothomas.com/320 for the full episode show notes.

If you're a lawyer making six figures but trapped in a cycle of debt, you're not alone. However, you make too much and work too hard to be in this situation. Luckily, there's hope. In this episode, let's talk about what keeps lawyers in the debt cycle and how to get out. Head to rhothomas.com/319 for the full episode show notes.