Personal Finance for Lawyers

What if improving your finances doesn't always have to take big changes? Yes, the big changes make the most difference, but there are small things you can do that will also make a big impact. In this episode, let's talk about 3 small changes you can make that will improve your finances today. Head to rhothomas.com/235 for the full episode show notes.

Spending 50% or more of your income on housing alone isn't sustainable (even if you live in California or New York). Yet, I've talked to so many lawyers in this exact situation. And often, it's the result of a change in their circumstances that caused a drop in their household income, but there was no corresponding change in their housing situation. In this episode, let's talk about my thoughts and suggestions for any lawyers who find themselves in this place. Head to rhothomas.com/234 for the full episode show notes.

Don't approach your finances in the same ineffective way many people approach losing weight—depriving yourself to get to your goals as quickly as possible. That approach often ends up setting people further back and keeping them from achieving their goals. In this rewind episode, let's talk about why the crash money diet approach isn't sustainable and what to do instead. Head to rhothomas.com/233 for the full episode show notes.

Numerous lawyers make six figures a year and live paycheck to paycheck. In my time working with lawyers on their finances over the years, I've noticed 4 budget categories that tend to contribute to paycheck-to-paycheck living most often. In this episode, let's talk about the 4 biggest culprits and how to address them. Head to rhothomas.com/232 for the full episode show notes. Grab my free guide to get out of debt at rhothomas.com/guide.

Is it better to focus on paying off debt or saving first? It's a common question lawyers ask me, and there are a few important things to consider in making the decision. In this episode, we talk about how to determine whether to focus on saving or paying off debt, including some situations when it's best to focus on one or the other. Head to rhothomas.com/231 for the full episode show notes.

What did you do with your bonus last year? Can you remember? Are you happy with how you used it? If you're looking to use your bonus more effectively this year, I have a few tips that will help. In this episode, we're talking about 4 things my husband and I do with our bonuses that you can implement, too. Head to rhothomas.com/230 for the full episode show notes. Get out of debt with my free guide: rhothomas.com/mistakes.

Feeling afraid to look at your finances? You're not alone. Many people are in the same boat. The good news is there are a few things you can do to reduce and even overcome that fear. In this episode, let's talk about a few tips to help you get past your fear so you can get your finances where you want them to be. Head to rhothomas.com/229 for the full episode show notes. Get help to get out of debt at rhothomas.com/guide.

Tired of going deeper in debt year after year around the holidays? Start planning now so you can break that cycle. In this episode, let's talk about strategies you can implement to stop going into each new year with new debt from the holidays. Head to rhothomas.com/228 for the full episode show notes. Get out of debt with my free ebook: rhothomas.com/mistakes.

Here's one of the biggest reasons you may not be making progress on your financial goals: you’re lying to yourself about how much room you actually have for your goals in your finances. This comes up especially around lifestyle choices, where we sometimes mistakenly identify wants as needs. In this episode, let’s talk about one of my clients’ experience with this and my advice to her and anyone else struggling to achieve their goals. Head to rhothomas.com/227 for the full episode show notes. Get out of debt with my free ebook: rhothomas.com/mistakes.

Managing your money well doesn't mean never using credit cards. There are actually some pretty good reasons to use credit cards over cash. It's all in HOW you use them. In this episode, let's talk about the trap of using your credit cards incorrectly and how to use them more wisely. Head to rhothomas.com/226 for the full episode show notes. Get out of debt with my free ebook: rhothomas.com/mistakes.