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

There's a common perspective that spending on luxury and being financially responsible are mutually exclusive. But that's not the case at all. It's possible to spend on luxury in a financially responsible way to make sure you're still able to achieve your goals. In this episode, let's talk about spending on luxury, including some ways that I have incorporated luxury spending throughout my financial journey. Head to https://www.rhothomas.com/163 for the full episode show notes. Join the waitlist for my membership for lawyers who want to manage their money better at https://www.rhothomas.com/waitlist.

Many lawyers have complicated systems to manage their money. Having a bunch of different bank accounts and credit cards makes it a lot harder to manage your money and often leads to avoiding it altogether. In this episode, let's talk about how to simplify your money system. Head to https://www.rhothomas.com/162 for the full episode show notes. Let's talk about how we can work together: https://www.rhothomas.com/call.

Many lawyers have trouble sticking to a budget. Typically, it's for one of only three reasons. In this episode, let's talk about the top three reasons lawyers don't stick to their budget and how to fix them. Head to https://www.rhothomas.com/161 for the full episode show notes. Let's talk about how we can work together: https://www.rhothomas.com.

Have you ever played a game where you sit for turn after turn not able to move forward on the board? The same thing is happening with many people with their finances. In this episode, let's talk about how your finances are like playing a game and how you can make sure you're moving forward with each turn you get. Head to rhothomas.com/160 for the full episode show notes. Schedule your consultation at rhothomas.com/call.

Have you ever considered a consolidation loan? Or used a bonus or refund to pay off your debt? So many lawyers look to these solutions as the answer to their debt problem. But often the results don't last, and the lawyers end up right back where they started—with the same debt or more. In this episode, let's talk about why these quick fixes don't work and what you need to do to ensure that once you get out of debt, you stay out. Head to https://www.rhothomas.com/159 for the full episode show notes. Let's talk about how we can work together: https://www.rhothomas.com/call.

If you want to change your finances, something has to change. You can't change staying the same. In this episode, let's talk about the requirement for change, including two examples from attorneys with things keeping them from the changes they want to make in their finances and one example from an attorney who changed her finances. Head to https://www.rhothomas.com/158 for the full episode show notes. Schedule your consultation at https://www.rhothomas.com/call.

Many lawyers approach achieving their money goals in the same way people approach losing weight—depriving themselves to get to the goal as quickly as possible. But that approach often ends up setting them further back and keeping them from achieving their goals. In this episode, let’s talk about why the crash money diet approach isn’t sustainable and what to do instead. Head to https://www.rhothomas.com/157 for the full episode show notes. Let's talk about how we can work together at https://www.rhothomas.com/call.

Lawyers tend to be familiar with debt—myself included. About 95% of law students take out student loans, and many lawyers delay life events like getting married or buying a home because of their debt. In this episode, I'm sharing the first year of my journey out of debt. We'll talk about the loans my husband and I paid off and the things that happened in our lives that year that impacted our debt journey. Head to https://www.rhothomas.com/156 for the full episode show notes. Let's talk about how we can work together: https://www.rhothomas.com/call.

The way you think about money and the way you think about your ability to manage it play a huge part in whether you're able to achieve your money goals. You're always able to choose what you think. In this episode, I'm sharing some of my top thoughts about myself and about money. As you listen, I invite you to explore your own thoughts and adopt any of mine that feel good to you. Head to https://www.rhothomas.com/155 for the full episode show notes. Schedule your consultation at https://www.rhothomas.com/call.

Many lawyers view their financial situation as something that just happens to them. They treat their finances as if they're powerless to change them and have to just do what they can to survive. But if you don't change your finances, no one is going to do it for you. In this episode, let's talk about the power that you have to change your own finances and the kind of change you want to be seeing with your money month after month. Head to https://www.rhothomas.com/154 for the full episode show notes. Let's talk about how we can work together: https://www.rhothomas.com/call.