In 2016, I was a wife, new mom, and junior Biglaw associate with over $670,000 of debt and a negative $342,000 net worth.
By the end of 2021, my husband and I had paid off almost $500,000 of that debt (the total of our student loans) and now only have our mortgage remaining.
I’ve since left the law to focus on helping lawyers master their mindset and their personal finances and unlock the power that comes with having complete control of their money.
In this podcast, I’m giving you the knowledge you need to create more freedom in your life by improving your mindset and managing your money better.
Learn more about my work at www.rhothomas.com.
Episodes
Aug 7, 2020
Aug 7, 2020
24 min
Many lawyers believe they don't need to budget, but that's a big mistake. Yes, a larger income gives you more wiggle room in your spending, but it also allows for much bigger mistakes. When you're trying to achieve goals like financial independence and lifestyle freedom, one of the major keys is being intentional with your money, which starts with budgeting. So we'll talk about
- what a budget is
- why lawyers and other high-income earners absolutely need a budget
- tips for getting started with your budget
- different budgeting styles and
- whether you really need a budget (spoiler: yes!)
Visit https://www.rhothomas.com/7 for the full episode show notes.
Jul 31, 2020
Jul 31, 2020
20 min
If you're a busy lawyer who feels like work is taking over your life, you're not alone. It's pretty common in the legal profession, and unless we have the proper strategies in place, it's easy to see why work is consuming our lives. So how can we stop it? You're about to find out. In this episode, we discuss this common problem in the legal profession and the key to turning everything around—setting better boundaries. We talk about
- what boundaries are
- why they're important
- what happens when we don't set or enforce boundaries
- how to set effective boundaries and
- examples of boundaries we can set around work to keep it from taking over.
Visit https://www.rhothomas.com/6 for the full episode show notes.
Jul 24, 2020
Jul 24, 2020
20 min
For lawyers seeking lifestyle freedom, financial independence is key because it removes your dependence on your job and provides options you wouldn't otherwise have. In seeking financial independence, you are buying back your time and regaining control in your life. In episode 3, we talked about why every lawyer should be seeking financial independence. This week, we'll walk through 4 steps to actually get you started on your financial independence journey. We explore
- identifying your why
- identifying the things you value
- examining your current spending and savings rates and
- calculating your financial independence number.
Visit https://www.rhothomas.com/5 for the full episode show notes.
Jul 17, 2020
Jul 17, 2020
14 min
Lawyers invest a lot of time and money in becoming lawyers and spend a lot of time practicing law. It's easy, then, for us to wrap our identities into our profession and lose our sense of self. This causes all kinds of problems.
In today's episode, we'll discuss
- why it's so common for lawyers to equate our identities with our careers
- why rooting our identities in the law is problematic and
- how we can come back if we find ourselves in that place.
Visit https://www.rhothomas.com/4 for the full episode show notes.
Jul 13, 2020
Jul 13, 2020
24 min
Financial independence is key in achieving lifestyle freedom because it removes the money concerns that often keep us stuck. Finding the financial independence movement was huge for my husband and me, and I'm excited to introduce the concept to you. Today, we'll discuss
- what exactly financial independence is
- my family's journey to financial independence
- why every lawyer should be seeking financial independence and
- the framework to help you achieve it.
Visit https://www.rhothomas.com/3 for the full episode show notes.
Jul 13, 2020
Jul 13, 2020
20 min
People often struggle to make progress in their lives, and lawyers are no exception. The issue, though, is we typically look at the wrong things to try to resolve our problems and get back on track. In today's episode, we'll
- identify the one thing keeping you stuck
- discuss why it's important and
- learn how to overcome it.
Visit https://www.rhothomas.com/2 for the full episode show notes.
Jul 13, 2020
Jul 13, 2020
20 min
In this first episode of Wealthyesque, I'm sharing my story. You'll learn
- how I became a lawyer
- what happened when my husband and I found ourselves in over half a million dollars of debt and
- how I learned the importance of self-care.
Plus, I share why I created this podcast and what you can expect going forward.
Visit https://www.rhothomas.com/1 for the full episode show notes.
Jul 4, 2020
Jul 4, 2020
1 min
As a busy wife, mom, and former Biglaw associate, I know all too well the common struggle to balance life and the law.
I believe that true wealth is having control of your time, but you can’t achieve true wealth when your finances are a mess.
Too many lawyers make more money than they ever have before and have nothing to show for it.
My mission is to help you master your money so you can create freedom and choice in your life.
Join me each week as I share the mindset and money strategies you need to improve your finances and unlock the power that comes with having complete control of your money.
Schedule a consultation: https://www.rhothomas.com/call
Connect with me on social media
Email: hello@rhothomas.com