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

What do you do when you realize your practice isn't working for you, and you want to do something else or leave the law altogether? You turn to an expert like Jessica Medina, who can help you figure out the financial plan to make a transition possible. Jessica is a lawyer turned Accredited Financial Counselor whose specialty is helping lawyers in this exact scenario. In this episode, listen in as Jessica and I talk about her personal transitions from Biglaw to government and eventually out of the law altogether and how she helps her clients prepare for their own transitions. Head to rhothomas.com/270 for the full episode show notes.

Are you waiting for the right time to take control of your finances? It's a common mistake that costs a lot of lawyers a lot of money. In this episode, let's talk about why waiting for the right time can be so costly and why the right time is when you decide it is. Head to rhothomas.com/269 for the full episode show notes.

And just like that, half a decade has passed! Somehow I've been in business and recording this podcast for 5 years already. In this episode, celebrate with me as I share what's changed with the podcast, my business, and my life over the last 5 years. Head to rhothomas.com/268 for the full episode show notes.

Instant gratification keeps too many lawyers stuck in financial messes. I've noticed more and more lawyers struggling with it this summer, and it's robbing them of their goals. In this episode, let's talk about why delayed gratification is a game changer for your finances and some tips to practice it more. Head to rhothomas.com/267 for the full episode show notes.

Do you believe that all your money problems would be fixed if you made more? It's a common belief, but for lawyers, it's typically not accurate. In fact, most lawyers would be better off if they learned how to work with the money they already have. In this episode, let's talk about why it's a mistake to believe that more money will fix your problems and why it's more important to learn to manage what you already have. Head to rhothomas.com/266 for the full episode show notes.

Is there any hope for your finances when you love to spend money? I spoke recently with a friend who told me that her biggest struggle with managing her money has always been her spending habits. During our conversation, I shared a few tips that I teach my clients that I thought would help her. In this episode, listen in as I share those same tips with you. If you love to spend but also want to manage your money better, this is the episode for you. Head to rhothomas.com/265 for the full episode show notes.

What do you do when you realize that you don't want to practice law anymore? Or that you want to change practice areas? These are both situations that Heather Moulder found herself in. Heather is a lawyer-turned-business coach who built a career and life on her own terms and teaches other lawyers how to do the same. In this episode, Heather and I discuss the personal and professional challenges she's overcome and how she now helps her clients design fulfilling practices that fit their lives. Head to rhothomas.com/264 for the full episode show notes.

Many of my clients believed they'd never be able to purchase a home, but it turned out they were closer than they thought. Summer is prime homebuying season. Whether you're buying your first or your next home, you want to make sure you're prepared. In this episode, let's talk about some things to consider as you prepare to buy your home, including how much to spend and how to fund your purchase. Head to rhothomas.com/263 for the full episode show notes.

Many lawyers get stuck in the cycle of learning about personal finance but not making real changes. But taking action—one step at a time—is the key to transforming your finances. In this episode, let's talk about why taking the next step is important and how each step forward builds momentum for your eventual financial success. Head to rhothomas.com/262 for the full episode show notes.

Let's talk about glorifying money and putting it on a pedestal vs. neglecting money and not caring about it. Both extremes can be detrimental to your finances and your experience of life. In this episode, let's talk about these views of money and how to put money in its proper place. Head to rhothomas.com/261 for the full episode show notes.