Cold calls are a staple of first-year law classrooms, and they can be pretty scary at first. Here are the kinds of questions professors like to ask and some strategies for approaching class with confidence.
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FatFIRE: Financial Independence for High Earners
FatFIRE offers strategies for high net worth individuals to build wealth and live a financially independent lifestyle. It’s a community built around scaling FIRE strategies to fit the unique needs of those with high income or who are managing considerable wealth.
Fee-only vs. Fee-based Financial Planners
The names might be similar, but there is a huge difference between financial planners who are fee-based and those that are fee-only. Make sure the person who’s managing your investments has interests aligned with yours.
Grandparent 529 Plans are Good for Everyone
Are you a parent trying to figure out how you’ll pay for your kid’s college some day? Having your parents set up their own 529 plan for your child is a win-win. Your child will get the benefit of having some of their education expenses covered, and your parents can retain control of their investment while enjoying tax benefits. And YOU will know what to ask for in lieu of more clothes and toys your kid won’t use!
What’s your coastFIRE number?
The coastFIRE method for financial planning lets you work toward a general FIRE strategy with less stress. You can live with a lower savings rate while you’re working and/or choose to take on a less intense work life as you move closer to retirement. Calculate your target coastFIRE number with the formula below.
Financial Planning for Lawyers: 7 Factors to Consider
Lawyers and other high-income individuals have a lot of things to consider when setting up a financial plan. These 7 topics should each be addressed in the plan that you develop either yourself or with your CFP to manage your money.
Weighing The Pros and Cons of 529 Plans
Planning to pay for college (or private school) one day? A 529 savings plan isn’t your only option, but this list of pros and cons can help you decide if it makes sense for your family.
LSAT Prep Review: The BluePrint LSAT Prep Program
BluePrint offers a range of LSAT prep packages on a subscription basis. Come for the score improvement, stay for the animated videos!
High-Income Professionals Should Pay Off Their Mortgages Early
If you have enough income, paying off your mortgage early can save you money in the long-run. Here’s why and a few ideas about how to do it.
