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…
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Often when I talk to lawyers about their finances, they describe them as if their finances are happening to them, and they don’t even realize it. They talk about their money as if they have no control, but when you do that, you’re setting yourself up to fail. In this episode, we talk about what happens when you believe your finances are outside of your control and how you can turn things around…
If you're like many lawyers, you want to rush to achieve your financial goals as quickly as possible. You'd probably skip straight to the end goal if you could. But in focusing so much on the goal, you miss the most valuable part—the journey. In this episode, let's talk about the value of the journey and why it's more important than the goal itself. Head to https://www.rhothomas.com/324 for the…
You might think that having more money would make everything better. But what I have found is often lawyers don’t know how to handle having more money at first. It feels uncomfortable, and they find ways to get rid of it and sabotage their progress. In this episode, let’s talk about why it feels uncomfortable to have money and how to fix it. Head to rhothomas.com/323 for the full episode show…
Have you ever thought about how much money you've made so far in your career? Or how much you'll make in your lifetime? For most lawyers, that number is at least a million dollars. But many of us never learn to manage all the money coming to us. Instead, we focus on how much we don't have and how we need to make more. And we end up with nothing to show for all the money we made. In this episode,…
Are you a lawyer who overspends? Learning how to control your spending is the key to achieving all of your financial goals. In this episode, let's talk about how to stop overspending and what to do if it happens anyway. Head to rhothomas.com/321 for the full episode show notes.
Sometimes one of your biggest strengths can actually prove to be a weakness. Case in point: Lawyers tend to be really good at following steps and rules. But when you’re trying to manage your money better, you can get hung up on rules to your detriment. In this episode, let’s explore why some common rules around how to manage your money, such as maxing your 401(k) and putting 20% down on your…
If you're a lawyer making six figures but trapped in a cycle of debt, you're not alone. However, you make too much and work too hard to be in this situation. Luckily, there's hope. In this episode, let's talk about what keeps lawyers in the debt cycle and how to get out. Head to rhothomas.com/319 for the full episode show notes.
Too many lawyers are living paycheck to paycheck, never have money for the things they want, or are racking up credit card debt. If you can relate, this one's for you. In this episode, I'm sharing a training from one of my private programs that dives into how to align your spending effectively and some common pitfalls to look out for. Head to rhothomas.com/318 for the full episode show notes.
Think you're the only lawyer who struggles with your money? After coaching hundreds of lawyers, I can confidently say that's not the case. In this episode, I'm sharing some of the sticky scenarios my clients faced with setting goals and their money mindset over the years and how I coached them through. Head to rhothomas.com/317 for the full episode show notes.
It can feel really bad to find yourself in a position where you're bleeding money. Lawyers sometimes find themselves in this position for a variety of reasons, but it's not the end. It's completely possible to turn things around. In this rewind episode, let's talk about 4 steps to take if you find yourself bleeding money. Head to https://www.rhothomas.com/316 for the full episode show notes.
