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

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.

Have you ever felt like you just don't want to manage your money? It's something that has come up with multiple attorneys I've talked with. But whether you want to manage your money is the wrong question. In this episode, let's talk about what the correct question is and what to focus on to stay motivated on your money journey. Head to rhothomas.com/260 for the full episode show notes.

Protecting yourself financially encompasses more than your typical emergency fund. I help my clients implement three layers of protection. Having multiple layers of protection provides multiple safety nets in case of emergencies or unexpected expenses. In this episode, let's talk about the multiple layers of protection you can implement in your finances. Head to rhothomas.com/259 for the full episode show notes.

What if you’re wrong? If you believe there’s nothing you can do to change your finances, you’ll never even try to do anything to change your finances. Sometimes that kind of thinking is the only thing holding us back from the results we want. In this episode, let's talk about how a willingness to be wrong can be the key to unlocking new possibilities and achieving your goals. Head to rhothomas.com/258 for the full episode show notes.

Davina Frederick is a sought-after business coach for women law firm owners, who is very clear on how to use her money to create the life she wants. Because of her personal experiences, she has a lot of financial wisdom. In this episode, Davina talks about how she and her husband have thought through the financial impact of some of their life decisions, the importance of being clear about what you want in life, and the financial pitfalls she's seen her clients and others encounter. This is part two of a two-part conversation. Head to rhothomas.com/257 for the full episode show notes.

From building a thriving firm, giving it up, and building an even more successful one to empowering women law firm owners to create wealth and fulfillment on their own terms, Davina Frederick is a force to be reckoned with. The personal and professional challenges she's faced along her journey have helped her hone in on exactly what's important to her. In this episode, Davina opens up about building her businesses, the personal crises that caused her to reassess the path she was on, and why she will never not manage her own money again. This is part one of a two-part conversation. Head to rhothomas.com/256 for the full episode show notes.

Building wealth is painfully simple. But many lawyers are not making the right moves to get there. If you want to build wealth, there are only two things you need to do. In this episode, let's talk about exactly what they are so you can get started on your wealth journey today. Head to rhothomas.com/255 for the full episode show notes.

There's a business that's being mismanaged and directly impacts everything that happens with your money. If you don't take the right action, you'll inevitably suffer some negative financial consequences. In this episode, let's talk about what that business is and what you need to do now to protect your money. Head to rhothomas.com/254 for the full episode show notes.

It sucks to feel trapped in a situation you no longer want to be in. But too many lawyers find themselves in exactly this place because of golden handcuffs—they make a lot of money and need all of it to maintain their lifestyle. There's a simple solution to break free if you value your freedom, and it's all in how you use your money. In this episode, let's talk about how to use your money more strategically to break the golden handcuffs. Head to rhothomas.com/253 for the full episode show notes. Sign up for the next Money Moves Masterclass at rhothomas.com/moneymoves.

Rushing to get out of debt leads many lawyers straight into an even worse financial position. It's one of the most common mistakes I see lawyers make, and it's completely avoidable. In this episode, let's talk about why rushing to get out of debt causes financial problems and what to do instead. Head to rhothomas.com/252 for the full episode show notes.