Financial Tips for Students and Lawyers

I am interested in wealth building and retiring early. There is more pressure than ever by retailers and marketers to lift hard-earned money out of our pockets. Social media listens to our conversations and then advertises products back to us. Never before has society been exposed to this level of consumerism, materialism, and pressure to buy.

1. SPEND LESS. Tattoo this on your forehead.
2. Live below your means.
3. Consider making meals at home, instead of takeout.
4. If you purchase a vehicle, consider buying used.
5. Pay yourself. With each paycheck, allocate amounts to retirement, savings, and paying down debt.
6. Avoid taking out high-interest loans and prioritize paying them off over other obligations. Pay off the debts with the highest interest rates first.
7. Pay off your credit card balances each month. The interest fees on credit cards are high. Try to use cash if you can’t trust yourself with credit cards.
8. Know that possessing material things does not lead to a happy or fulfilled life.
9. Mind your money. If you don’t have the time or care to focus on investments, hire a financial advisor, or use a trusted mentor or significant other to delegate financial management to. Check their “work” even if you don’t like it – at some point we will have to make financial decisions on our own.
10. INVEST. Let your money work for you.

What are your financial musts? Comment below, and like if you find these tips helpful.

👑 This is an excerpt from my upcoming book, Build Your Empire: A Law Firm Owner's Survival Guide to the Private Legal Industry. Want to read more? Sign up for the waitlist here.