Personal Finance for Lawyers | How to Budget, Get Out of Debt, Save Money, Manage Money, Build Wealth, Financial Freedom

Hosted by Rho Thomas

Business Investing Education

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Episodes

336

Latest episode

Oct 2026

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About the show

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 you need to create more freedom in your life by improving your mindset and managing your money better. Learn more about my work at www.rhothomas.com.

Listen to episodes

60 recent

October 23, 20268 min

335 | Your Holiday Spending Plan

The holidays can bring a lot of extra expenses, but the holidays don't have to be stressful. With a little planning, you can celebrate without added financial stress or debt. In this episode, let's talk about how to estimate your holiday expenses and how saving now can make holiday spending easier to manage. Head to rhothomas.com/335 for the full episode show notes. Need help with your finances? Apply for a coaching session at rhothomas.com/apply .

October 16, 202612 min

334 | The Trap of Keeping Up With the Joneses

We've all heard the phrase "keeping up with the Joneses." But have you ever considered how much it's costing you? In this episode, let's explore the financial and psychological impacts of keeping up with the Joneses and how to turn things around if you find yourself in this position. Head to rhothomas.com/334 for the full episode show notes. Need help with your finances? Apply for a coaching session at rhothomas.com/apply .

October 9, 20269 min

333 | Looking Rich vs. Building Wealth

Looking successful on the outside doesn't always indicate financial success. Many lawyers feel pressure to keep up a particular lifestyle, and it's costing them the opportunity to build wealth. In this episode, let's talk about the gap between outward appearances and inward financial realities and how rethinking what success looks like leads to wealth and freedom. Head to rhothomas.com/333 for the full episode show notes. Need help with your finances? Apply for a coaching session at rhothomas.com/apply .

October 2, 20268 min

332 | Do the Best Next Thing

If you keep consuming personal finance information but don't feel any closer to your goals, there's one key thing you're missing: action. Once you have it, you'll get unstuck and start moving forward. In this episode, let's talk about why you don't need a perfect plan and how choosing one doable next step will help you build momentum. Head to rhothomas.com/332 for the full episode show notes. Need help with your finances? Apply for a coaching session at rhothomas.com/apply .

September 25, 20267 min

331 | Will You Be Satisfied?

Dissatisfaction and discontentment quietly run many lawyers' lives and finances, and they've probably never given it much thought. A lot of debt, stress, and worry can be attributed to these two things. They also prevent people from building wealth. In this episode, let's look at your money and lifestyle through a lens you may not have considered before and talk about how to make sure you avoid the trap that many lawyers fall into. Head to rhothomas.com/331 for the full episode show notes. Need help with your finances? Apply for a coaching session at rhothomas.com/apply .

September 18, 20266 min

330 | Rewind: When You've Tried Everything

Do you feel like you’ve tried everything to get your money under control, and nothing has worked? Many lawyers tell me some version of this statement. It’s a very common sentiment, but it’s also one of the most unhelpful things you can tell yourself when you’re working to achieve your money goals. In this episode, let’s talk about the actual belief underlying this statement, why it’s holding you back from achieving your goals, and what to do instead. Head to rhothomas.com/330 for the full episode show notes. Need help with your finances? Apply for a coaching session at rhothomas.com/apply .

September 11, 20269 min

329 | Don't Make This Big Mistake with Your Money

You might be making a big mistake with your money, and you probably don’t even realize it. Many lawyers are falling into the same trap and losing out on hundreds and thousands of dollars. In this episode, let's talk about the mistake that's sabotaging so many lawyers' finances and a simple shift that will help you start building wealth faster. Head to rhothomas.com/329 for the full episode show notes. Need help with your finances? Apply for a coaching session at rhothomas.com/apply .

September 4, 202611 min

328 | How Borrowed Desires Steal Your Wealth

Have you ever bought something just because you saw other people with it? It's a common experience, but it's costing you more than the price of whatever you bought. In this episode, let's talk about how spending in this way leads to financial sabotage and some practical steps to overcome it. Head to rhothomas.com/328 for the full episode show notes. Need help with your finances? Apply for a coaching session at rhothomas.com/apply .

August 28, 20268 min

327 | The Plan for Sticking to Your Budget

If you're one of the many lawyers who struggles to stick to a budget, I have a plan for you. Typically, one of three things is keeping you from staying on track. In this episode, let's talk about what these things are and how to fix them. Head to rhothomas.com/327 for the full episode show notes. Apply for help with your finances at rhothomas.com/apply .

August 21, 20267 min

326 | Improve Your Finances With These 2 Steps

Society's normal money habits keep people stuck and struggling. What if you could take 2 steps to break that cycle and radically improve your finances? In this episode, let's explore wisdom from various sources and talk about 2 steps to redefine how you think about money and change your results with it. Head to rhothomas.com/326 for the full episode show notes. Apply for help with your finances at rhothomas.com/apply .

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