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Financial Literacy & Fundamentals
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Beyond Billable Hours: Financial Considerations for Legal Professionals
As a partner or shareholder of a law firm, your financial structure might be less predictable or straightforward compared to traditional salaried employees. Between irregular cash flows from legal settlements, dividends, and distinct firm-related structures, there are complex tax and cash flow considerations that should be addressed in your financial plan. 1. Unpredictable Cash Flows…
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Becoming an Investor in Real Estate Rental Properties
Expert Insight for Beginner Rental Property Investors
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Navigating the Waters of Irregular Cash Flow: A Guide for Attorneys
Managing finances can be complex for anyone, but many attorneys face the unique challenge of irregular cash flow throughout the year. Unlike salaried employees who can depend on a steady income, attorneys may experience significant income fluctuations due to the varying nature of legal cases, distribution payments, and other financial structures in place. While this…
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10 Crucial Things You Should Know About Bear Markets
Another bear market has come and gone. For now, disaster has been postponed. As we wait for the next thing(s) to worry about and the inevitable market drop that will consume headlines, we wanted to share a list with a few bits of history to keep in mind. If you’re doing your own research on…
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I’m Traveling Alone and My Phone Got Stolen!
In this technological age where everything is electronic, what would happen if you traveled to a foreign country and your phone was lost, broken, or stolen? I recently traveled to Panama by myself and thought about this type of situation very seriously. My last two trips involved a family member or friend, so at least…
