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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.
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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.
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Manglende episoder?
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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.
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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.
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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.
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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.
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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.
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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.
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One of the biggest reasons that many lawyers never achieve their financial goals is they get caught up in the things they want in the present. But by focusing on the things they want now, they ultimately sacrifice the things they want most. In this episode, let's talk about the balance between what you want now and what you want most and how to make sure you're still giving attention to your ultimate goals. Head to rhothomas.com/225 for the full episode show notes. Get a free copy of my ebook, 5 Mistakes That Keep Lawyers in Debt, at rhothomas.com/mistakes.
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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/224 for the full episode show notes. Get a free copy of my ebook, 5 Mistakes That Keep Lawyers in Debt, at rhothomas.com/mistakes.
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Most people take the wrong approach when they want to get their partner on board with managing their money better. There's a lot of talk about what we have to do and how much we need to cut back. And it typically backfires. Rather than telling your partner what you need to do and all the cuts that need to be made, let's try a different approach. In this episode, let's talk about the approach I recommend for getting your partner on board with managing your money better. Head to rhothomas.com/223 for the full episode show notes. Get a free copy of my ebook, 5 Mistakes That Keep Lawyers in Debt, at rhothomas.com/mistakes.
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It can be hard to navigate a situation where one person makes more money in the relationship. And it’s a pretty common situation for lawyers. The trick when you’re managing your finances with a partner, especially in this situation, is to manage them in a way that feels fair to both people. In this episode, let's talk about three approaches to consider if you're in a relationship where one partner makes more than the other. Head to rhothomas.com/222 for the full episode show notes. Download your free copy of my ebook, 5 Mistakes That Keep Lawyers in Debt, at rhothomas.com/mistakes.
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Is it better to focus on paying off debt or investing? Are there times when it doesn't make sense to pay down your debt quickly? Can investing hurt your finances? In this episode, we talk about how to determine whether you should pay off your debt or invest, including some questions to ask yourself in making your decision. Head to rhothomas.com/221 for the full episode show notes. Get a free copy of my ebook, 5 Mistakes That Keep Lawyers in Debt, at rhothomas.com/mistakes.
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When you create a budget, is it bad to change it? Do you have to stick with it? These kinds of concerns come up often with my clients when we create their budget (or spending plan if you like that term better). In this episode, let's talk about whether it's okay to change your budget and how to approach the topic of changing your budget. Head to rhothomas.com/220 for the full episode show notes.Get my free ebook, 5 Mistakes That Keep Lawyers in Debt. It lays out the 5 most common mistakes I see and how to correct them. Get your copy at rhothomas.com/mistakes.Join the waitlist for my group program, The Wealthyesq Group, at rhothomas.com/coaching.
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Impulse spending is a struggle for a lot of lawyers. It can lead to overspending, increased debt balances, and lack of savings. But there are ways to curb your impulse spending and keep it from ruining your finances. In this episode, let's talk about 5 tips to keep your impulse spending in check. Head to rhothomas.com/219 for the full episode show notes.Get my free ebook, 5 Mistakes That Keep Lawyers in Debt. It lays out the 5 most common mistakes I see and how to correct them. Get your copy at rhothomas.com/mistakes.Join the waitlist for my group program, The Wealthyesq Group, at rhothomas.com/coaching.
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Friendly reminder that money has no inherent meaning. Whether it's your salary, how much debt you have, the balance in your checking or savings account, or something else, they're all just numbers. Different people will think about those numbers differently, and ultimately, the way you think about them shapes your financial results. In this episode, we explore a few real-life examples that illustrate this point and go through an exercise to help you uncover some of your thoughts about money. Head to rhothomas.com/218 for the full episode show notes. Get on the waitlist for The Wealthyesq Group at rhothomas.com/coaching.
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Being hopeful may seem like a good thing. But too many lawyers approach their finances with hope and nothing else. Hope is not enough to achieve your financial goals. In this episode, let’s talk about why hope isn’t enough and a more productive approach to your finances. Head to rhothomas.com/217 for the full episode show notes. Join the waitlist for The Wealthyesq Group at rhothomas.com/coaching.
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Ever feel like you're the only lawyer who's dealing with money issues? In my line of work, I talk with a lot of lawyers who aren't doing as well as they'd like with their finances. I'm here to tell you, you're not the only one. In this episode, let's talk about some of the common feelings and issues around money I've heard from the 100+ lawyers I've talked to over the years. Head to rhothomas.com/216 for the full episode show notes. Schedule a call to talk about private 1:1 coaching by emailing me at [email protected].
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What if you made money decisions like a business? Businesses use company values as a filter for the decisions they make. When we take the same approach with our money decisions, we make better, more aligned decisions. In this episode, let's talk about let's talk about why it's important to use your values as a filter for your money decisions. Head to rhothomas.com/215 for the full episode show notes. Join the waitlist for The Wealthyesq Group at rhothomas.com/coaching.
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Intentional spending is foundational to managing your money better and achieving your financial goals. Often we spend impulsively and without thinking about how that spending impacts other areas of our finances. In this episode, let's talk about 3 questions you can ask yourself to make better money decisions and to spend more intentionally. Head to rhothomas.com/214 for the full episode show notes. If you're a lawyer who wants to manage your money better and get out of debt, join us in The Wealthyesq Group. Go to rhothomas.com/coaching for more information.
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