In 2016, I was a wife, new mom, and junior Biglaw associate with over $670,000 of debt and a negative $342,000 net worth. By the end of 2021, my husband and I had paid off almost $500,000 of that debt (the total of our student loans) and now only have our mortgage remaining. I’ve since left the law to focus on helping lawyers master their mindset and their personal finances and unlock the power that comes with having complete control of their money. In this podcast, I’m giving you the knowledge you need to create more freedom in your life by improving your mindset and managing your money better. Learn more about my work at www.rhothomas.com.
Episodes
2 days ago
2 days ago
If you're a lawyer who beats yourself up for the state of your finances, this episode is for you. There's one key reason why lawyers don't know how to manage money, and it's not entirely our fault. But there's a simple solution to fix it. In this episode, let's talk about why lawyers don't know how to manage money and what to do about it. Head to https://www.rhothomas.com/204 for the full episode show notes.
Friday May 10, 2024
203 | How Much You Should Be Saving
Friday May 10, 2024
Friday May 10, 2024
How much should you be saving? What's the right amount? With so many rules about what we should be doing with our finances, it's hard to know what to follow. In this episode, let's talk about navigating the savings rules and how to determine how much you should be saving. Head to https://www.rhothomas.com/203 for the full episode show notes.
Friday May 03, 2024
202 | Rewind: Overconsumption and Emotional Spending
Friday May 03, 2024
Friday May 03, 2024
Spending money is not a remedy for negative emotions. Although spending may provide some immediate relief from the negative emotion, it only leads to more negative emotion in the long term when you end up overspending and creating a financial mess. In this episode, let's talk about overconsumption and emotional spending, including how to handle those negative emotions we so desperately want to avoid. Head to https://www.rhothomas.com/202 for the full episode show notes.
Friday Apr 26, 2024
201 | Celebrating 200 Episodes! Q&A Part 2: Personal Questions
Friday Apr 26, 2024
Friday Apr 26, 2024
In celebration of reaching 200 episodes, I'm answering more of your burning questions! Last week was all about money. This week is all of your questions about me. In this episode, we're talking about things like my money journey and strategy, advice I would give my younger self, and my weird habits. Head to https://www.rhothomas.com/201 for the full episode show notes.
Friday Apr 19, 2024
200 | Celebrating 200 Episodes! Q&A Part 1: Money Questions
Friday Apr 19, 2024
Friday Apr 19, 2024
You asked; I answered! In celebration of reaching 200 episodes, I'm answering all of your questions about money. In this episode, we're talking about retirement, making money moves when you don't have a Biglaw salary, debt strategies, and the best way to use a Biglaw salary to reach financial freedom. Head to https://www.rhothomas.com/200 for the full episode show notes.
Friday Apr 12, 2024
199 | Fashion, Fun, and Consumer Debt Freedom with Laurel
Friday Apr 12, 2024
Friday Apr 12, 2024
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 accomplished, and how she's feeling about her finances now. Head to https://www.rhothomas.com/199 for the full episode show notes.
Friday Apr 05, 2024
198 | The Purpose of Your Money Goals
Friday Apr 05, 2024
Friday Apr 05, 2024
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 more on the personal growth and progress in working toward the goal. Head to rhothomas.com/198 for the full episode show notes. Submit a question for Episode 200 at rhothomas.com/question.
Friday Mar 29, 2024
197 | Don't Be a Victim of Your Finances
Friday Mar 29, 2024
Friday Mar 29, 2024
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 the upcoming 200th episode at https://www.rhothomas.com/question.
Friday Mar 22, 2024
196 | Thoughts About the Future
Friday Mar 22, 2024
Friday Mar 22, 2024
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 you want. Head to https://www.rhothomas.com/196 for the full episode show notes.
Friday Mar 15, 2024
195 | Growing Your Capacity to Have Money
Friday Mar 15, 2024
Friday Mar 15, 2024
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 to https://www.rhothomas.com/195 for the full episode show notes.