How Well Are You Managing Your Personal Finances?

A focus on law firm performance can leave personal money management neglected. This episode of the Non-Eventcast will help you ensure it doesn’t happen to you.
The post How Well Are You Managing Your Personal Finances? appeared first on Above the Law.

Generally speaking, attorneys are most concerned about law firm revenue — which makes sense. 

However, attorneys, more often than not, neglect managing their personal finances — which are, arguably, just as important, if not more important, than what the firm makes. 

So, naturally, for this episode of the Non-Eventcast podcast, we brought in Niraj Chabbra of Sidebar Advisors, who helps attorneys manage their personal finances, to explain what that looks like — in a best-case scenario.

To start, Niraj discusses what triggers attorneys to look for financial planning advice (8:50) — or, what should trigger them to do so — while also addressing how to get started with a professional advisor (6:31). 

We then discuss the difference between wealth management and financial planning (10:06), as well as how a financial planner can help both managing attorneys and law firm employees (13:03). 

After that, Niraj gets into some hot financial tips for lawyers, as well as the latest trends they should be aware of in financial management (14:10) to increase their net worth (17:19). 

Later, Niraj talks about the technology applications he uses (19:38), as well as his favorite financial planning apps (24:15). Niraj then discusses how he walks clients through different financial scenarios using technology tools (21:27). 

Finally, Niraj addresses how he doubled down on in-person networking (including via web conference), to grow his own business (22:20).

If your personal bank accounts are looking empty as a pocket, give this episode of the Non-Eventcast a listen, to see if you can’t improve your situation.

Feel free to also check out our CRM Buyers Guide at the Non-Event for more on the latest resources to improve your firm’s cash flow. (The Non-Event is supported by vendor sponsorships.)