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

We often think we'll be happier when we reach certain goals in life. But when you're constantly waiting for some magical point in the future to finally live the life you want, you'll never be happy. In this episode, we talk about why we do this and what to do instead. Head to https://www.rhothomas.com/26 for the full episode show notes.

Are you struggling with student loans from your law degree? Do you want to know the fastest way to pay them off? In this episode, I take you through the exact method my husband and I used to pay off over $400,000 of debt and why it works. Head to https://www.rhothomas.com/25 for the full episode show notes.

Do you ever shame yourself for mistakes? You're not alone. It’s common for lawyers especially, but in today's episode, we get into why shaming ourselves is unproductive and often leads to undesired results. Head to https://www.rhothomas.com/24 for the full episode show notes.

Have you ever wondered if your budget is in line with other people's budgets? If you're unsure if your numbers are normal, I'll tell you--there's no such thing as "normal." Each individual is different, and what works for one person may not work for you. But if you want an inside look at how we budget our money for our 4-person household, this is the episode for you. Head to https://www.rhothomas.com/23 for the full episode show notes.

There's one thing keeping you from paying off your debt or reaching your other goals. The good thing, though, is you have absolute control over it and can change it to get the results you want. In today's episode, we explore what that is, how it plays out, and what you can do to fix it. Visit https://www.rhothomas.com/22 for the full episode show notes.

There’s so much stress and strife over money in many marriages. Money issues are one of the leading causes of divorce in America. But money doesn’t have to be so hard. In this episode, we talk about how to stop money fights and some tips to get on the same page with your spouse. Visit https://www.rhothomas.com/21 for the full episode show notes.

The end of the year tends to be a time where we focus on hustling and grinding more to "finish the year strong." What if we put that same focus on rest, which lawyers often neglect? In today's episode, we talk about why Americans—and lawyers in particular—don't value rest, the problems that come from not resting, and tips to make more time for rest. Visit https://www.rhothomas.com/20 for the full episode show notes.

Even among six-figure earners, building wealth is often difficult. In today’s episode, I’m sharing the #1 secret to building wealth, no matter your income. We talk about what the secret is, an example of how it works, and how you can apply it in your own life. Visit https://www.rhothomas.com/19 for the full episode show notes.

We often fall into the slump of living life without intention. Just going through the motions doing what’s expected or what’s socially acceptable. But what if you stopped living your life by default? How do you even do that? Today’s episode dives into why so many people live life by default and how to turn things around and figure out what you want for your life. Visit https://www.rhothomas.com/18 for the full episode show notes.

Learning how to be intentional with your money is key when you want to achieve a goal like lifestyle freedom, and that starts with budgeting. I highly recommend zero-based budgeting, which means you allocate every dollar of income each month to an expense or goal. If you’re not sure how to get started with a zero-based budget, this is the episode for you. We go through why budgeting is important, an overview of zero-based budgeting, and walk through how to create your own budget using my free budget template, which you can get at https://www.rhothomas.com/budget. Visit https://www.rhothomas.com/17 for the full episode show notes. And if you need personalized help with creating your budget, head to https://www.rhothomas.com/coaching to schedule a one-hour strategy session with me.