Personal Finance for Lawyers | How to Budget, Get Out of Debt, Save Money, Manage Money, Build Wealth, Financial Freedom

Is it better to focus on paying off debt or saving first? It's a common question lawyers ask me, and there are a few important things to consider in making the decision. In this episode, we talk about how to determine whether to focus on saving or paying off debt, including some situations when it's best to focus on one or the other. Head to rhothomas.com/231 for the full episode show notes.

What did you do with your bonus last year? Can you remember? Are you happy with how you used it? If you're looking to use your bonus more effectively this year, I have a few tips that will help. In this episode, we're talking about 4 things my husband and I do with our bonuses that you can implement, too. Head to rhothomas.com/230 for the full episode show notes. Get out of debt with my free guide: rhothomas.com/mistakes.

Feeling afraid to look at your finances? You're not alone. Many people are in the same boat. The good news is there are a few things you can do to reduce and even overcome that fear. In this episode, let's talk about a few tips to help you get past your fear so you can get your finances where you want them to be. Head to rhothomas.com/229 for the full episode show notes. Get help to get out of debt at rhothomas.com/guide.

Tired of going deeper in debt year after year around the holidays? Start planning now so you can break that cycle. In this episode, let's talk about strategies you can implement to stop going into each new year with new debt from the holidays. Head to rhothomas.com/228 for the full episode show notes. Get out of debt with my free ebook: rhothomas.com/mistakes.

Here's one of the biggest reasons you may not be making progress on your financial goals: you’re lying to yourself about how much room you actually have for your goals in your finances. This comes up especially around lifestyle choices, where we sometimes mistakenly identify wants as needs. In this episode, let’s talk about one of my clients’ experience with this and my advice to her and anyone else struggling to achieve their goals. Head to rhothomas.com/227 for the full episode show notes. Get out of debt with my free ebook: rhothomas.com/mistakes.

Managing your money well doesn't mean never using credit cards. There are actually some pretty good reasons to use credit cards over cash. It's all in HOW you use them. In this episode, let's talk about the trap of using your credit cards incorrectly and how to use them more wisely. Head to rhothomas.com/226 for the full episode show notes. Get out of debt with my free ebook: rhothomas.com/mistakes.

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/225 for the full episode show notes. Get a free copy of my ebook, 5 Mistakes That Keep Lawyers in Debt, at rhothomas.com/mistakes.

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/224 for the full episode show notes. Get a free copy of my ebook, 5 Mistakes That Keep Lawyers in Debt, at rhothomas.com/mistakes.

Most people take the wrong approach when they want to get their partner on board with managing their money better. There's a lot of talk about what we have to do and how much we need to cut back. And it typically backfires. Rather than telling your partner what you need to do and all the cuts that need to be made, let's try a different approach. In this episode, let's talk about the approach I recommend for getting your partner on board with managing your money better. Head to rhothomas.com/223 for the full episode show notes. Get a free copy of my ebook, 5 Mistakes That Keep Lawyers in Debt, at rhothomas.com/mistakes.

It can be hard to navigate a situation where one person makes more money in the relationship. And it’s a pretty common situation for lawyers. The trick when you’re managing your finances with a partner, especially in this situation, is to manage them in a way that feels fair to both people. In this episode, let's talk about three approaches to consider if you're in a relationship where one partner makes more than the other. Head to rhothomas.com/222 for the full episode show notes. Download your free copy of my ebook, 5 Mistakes That Keep Lawyers in Debt, at rhothomas.com/mistakes.