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

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.rhothomas.com/183 for the full episode show notes. Join us in Money Mastery for Lawyers at https://www.rhothomas.com/join.

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 in Money Mastery for Lawyers at https://www.rhothomas.com/join.

Sometimes good financial advice can actually hurt your finances. That's exactly what happened to some of my clients and to me when we followed the common advice to maximize our contributions to our retirement accounts. In this episode, let's talk about our stories of saving for retirement to the detriment of our finances, why that advice wasn't the best for us, and the importance of considering your personal financial situation in applying any financial advice you receive. Head to https://www.rhothomas.com/181 for the full episode show notes. Join Money Mastery at https://www.rhothomas.com/join.

Whether you believe you can or believe you can't, you're right. Your belief makes all the difference in your ability to achieve your goals. The way you look at your goals and what other people have done dictates what you achieve. In this episode, let's talk about a recent conversation I had with one of the first readers of my original blog and the importance of believing that you can achieve the things you want to achieve. Head to https://www.rhothomas.com/180 for the full episode show notes. Join us in Money Mastery at https://www.rhothomas.com/join.

We spend a lot of time wishing we could be further along. But we often miss all the good things we already have going on and overlook the fact that someone else is wishing they could be where we are now. In this episode, let's talk about being grateful for our present circumstances, even as we work toward our goals. Head to https://www.rhothomas.com/179 for the full episode show notes. Join Money Mastery for Lawyers: https://www.rhothomas.com/join.

Your brain is lying to you about what's going on with your finances. If you're managing your money based off estimates and ideas in your head, we need to talk. In this episode, let's talk about the importance of knowing the actual facts of your finances and a few examples of how going off estimates can steer you wrong. Head to https://www.rhothomas.com/178. Join Money Mastery at https://www.rhothomas.com/join.

What's the hardest part of managing your money well? If you're like most lawyers, it's sticking to the plans you make for your finances. By and large, lawyers find this step more challenging than any other aspect of managing their finances. The good thing, though, is that this is completely within your control. In this episode, let's talk about a few strategies you can implement to start sticking to your plans. Head to https://www.rhothomas.com/177 for the full episode show notes. Join us in Money Mastery at https://www.rhothomas.com/join.

It can feel really bad to find yourself in a position where you're bleeding money. Lawyers sometimes find themselves in this position for a variety of reasons, but it's not the end. It's completely possible to turn things around. In this episode, let's talk about 4 steps to take if you find yourself bleeding money. Head to https://www.rhothomas.com/176 for the full episode show notes. Join Money Mastery for Lawyers: https://www.rhothomas.com/join.

My clients Vanessa and Joe were overspending—sometimes to the point that they had to put off paying bills—and it was causing tension at times in their marriage. They came to me wanting to get a handle on their money to put their family in a better position. They achieved that and then some. In this episode, I sit down with Vanessa and Joe to talk about our work together, some of the things they've been able to accomplish, and the impact that their new perspectives on money have had on their marriage. Head to https://www.rhothomas.com/175 for the full episode show notes. Join the Money Mastery for Lawyers membership at https://www.rhothomas.com/join.

As we head into the holiday season, let's revisit how to prepare for expected expenses. If you're like many other attorneys, the holidays catch you off-guard every year. The same may be true for other big expenses or financial changes you know are coming up. So often people don't financially prepare for things that are completely expected and end up feeling stressed out and anxious when those things pop up—as expected. In this episode, let's talk about how to prepare for expected expenses and the mindset you can adopt to make sure you're always ready when they come up. Head to https://www.rhothomas.com/174 for the full episode show notes. Join Money Mastery for Lawyers at https://www.rhothomas.com/join.