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

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.

Is it better to focus on paying off debt or investing? Are there times when it doesn't make sense to pay down your debt quickly? Can investing hurt your finances? In this episode, we talk about how to determine whether you should pay off your debt or invest, including some questions to ask yourself in making your decision. Head to rhothomas.com/221 for the full episode show notes. Get a free copy of my ebook, 5 Mistakes That Keep Lawyers in Debt, at rhothomas.com/mistakes.

When you create a budget, is it bad to change it? Do you have to stick with it? These kinds of concerns come up often with my clients when we create their budget (or spending plan if you like that term better). In this episode, let's talk about whether it's okay to change your budget and how to approach the topic of changing your budget. Head to rhothomas.com/220 for the full episode show notes.

Get my free ebook, 5 Mistakes That Keep Lawyers in Debt. It lays out the 5 most common mistakes I see and how to correct them. Get your copy at rhothomas.com/mistakes.

Join the waitlist for my group program, The Wealthyesq Group, at rhothomas.com/coaching.

Impulse spending is a struggle for a lot of lawyers. It can lead to overspending, increased debt balances, and lack of savings. But there are ways to curb your impulse spending and keep it from ruining your finances. In this episode, let's talk about 5 tips to keep your impulse spending in check. Head to rhothomas.com/219 for the full episode show notes.

Get my free ebook, 5 Mistakes That Keep Lawyers in Debt. It lays out the 5 most common mistakes I see and how to correct them. Get your copy at rhothomas.com/mistakes.

Join the waitlist for my group program, The Wealthyesq Group, at rhothomas.com/coaching.

Friendly reminder that money has no inherent meaning. Whether it's your salary, how much debt you have, the balance in your checking or savings account, or something else, they're all just numbers. Different people will think about those numbers differently, and ultimately, the way you think about them shapes your financial results. In this episode, we explore a few real-life examples that illustrate this point and go through an exercise to help you uncover some of your thoughts about money. Head to rhothomas.com/218 for the full episode show notes. Get on the waitlist for The Wealthyesq Group at rhothomas.com/coaching.

Being hopeful may seem like a good thing. But too many lawyers approach their finances with hope and nothing else. Hope is 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/217 for the full episode show notes. Join the waitlist for The Wealthyesq Group at rhothomas.com/coaching.

Ever feel like you're the only lawyer who's dealing with money issues? In my line of work, I talk with a lot of lawyers who aren't doing as well as they'd like with their finances. I'm here to tell you, you're not the only one. In this episode, let's talk about some of the common feelings and issues around money I've heard from the 100+ lawyers I've talked to over the years. Head to rhothomas.com/216 for the full episode show notes. Schedule a call to talk about private 1:1 coaching by emailing me at hello@rhothomas.com.

What if you made money decisions like a business? Businesses use company values as a filter for the decisions they make. When we take the same approach with our money decisions, we make better, more aligned decisions. In this episode, let's talk about let's talk about why it's important to use your values as a filter for your money decisions. Head to rhothomas.com/215 for the full episode show notes. Join the waitlist for The Wealthyesq Group at rhothomas.com/coaching.

Intentional spending is foundational to managing your money better and achieving your financial goals. Often we spend impulsively and without thinking about how that spending impacts other areas of our finances. In this episode, let's talk about 3 questions you can ask yourself to make better money decisions and to spend more intentionally. Head to rhothomas.com/214 for the full episode show notes. If you're a lawyer who wants to manage your money better and get out of debt, join us in The Wealthyesq Group. Go to rhothomas.com/coaching for more information.

My client Ashley found herself in a position where she was making good money but not really paying attention to her finances. She was in a state of passivity, as she calls it. During our work together, she got out of passivity and started taking big action to turn her finances around. She paid off all her credit cards and has implemented a plan with her husband to build their savings and start investing. In this episode, Ashley and I talk about our work together, including her thoughts on the importance of taking action. Head to rhothomas.com/213 for the full episode show notes. Schedule your consultation for The Wealthyesq Group at rhothomas.com/coaching.