When everyone seems to be talking about the generous salaries lawyers make, it seems like there should be many more rich lawyers out there. Let’s look at some of the reasons why not every lawyer is a millionaire like you’ve been told.
My latest posts
Do You Hate Paying Off Debt?
Making student loan payments every month can seem like an uphill battle sometimes. Here are some tips for keeping your head above water and remaining happy throughout the process.
Savings Accounts Are Not Risk Free
Let’s consider the risks of keeping your money in cash, which some lawyers think is a supposedly “safe” investment.
457(b) Plans (The Foundation Series)
While not the most common option, many lawyers have access to 457(b) retirement plans. Are they a good investment option?
What is Your Archimedes’ Lever?
Leverage is the single most powerful tool you have. To maximize our income, we need to make sure our energy and effort is focused on the 20% of actions that deliver 80% of the results. The rest is noise slowing you down and should be eliminated.
Stay Away From Actively Managed Mutual Funds
I believe there are people who can beat the market, but I don’t believe that you can identify them.
How Much Mobile Data Do You Need?
Do you constantly find yourself running over your data allowance and incurring fees? Make the most out of your data with these easy phone hacks.
Should Lawyers Choose A Roth 401(k) or Traditional 401(k)?
The answer is that it depends on various factors, but on average the Traditional 401(k) is the way to go.
The Dreaded 401(k) Penalty Clause
Are you skipping 401(k) contributions because you’re afraid you might have to pay the 10% early withdrawal penalty? It’s not such a big deal.
