The average lawyer graduates with around $145,000 of student loan debt. More than 25% have $200,000 or more.
In addition to student loans, many lawyers have multiple five figures of consumer debt, including credit cards, car loans, personal loans, and lines of credit.
About 90% of lawyers say their debt has had a negative impact on major personal decisions, like buying a house, getting married, starting a family, or taking the job they really want.
If you’re feeling hopeless about what to do with your student loans…
If you’ve paid off your credit card in the past only to find yourself running it back up again…
If you feel ashamed and frustrated that you’re not where you thought you’d be by now with your finances…
You’re not alone. Many lawyers struggle with the same issues.
When I was a Biglaw associate, my husband and I had $678,000 of debt and a negative $342,000 net worth.
We’ve since paid off over $500,000 of that debt (everything but our mortgage).
I also quit my job and became a financial coach.
I believe that true wealth is having control of your time, but you can’t get that control when your money is a mess.
That’s why I teach lawyers how to get out of debt and unlock the freedom that comes with managing their money better.
You get to learn from my personal experiences and mistakes so you can shortcut the process.
Or the one who’s gotten out of debt and has $50k in the bank?
When you get control of your money, you put yourself in a better position to control your time.
You create the freedom to do the things YOU want for YOUR life. Things like
- setting stronger boundaries at work without fear
- quitting your job and starting a business that lights you up
- taking that more fulfilling position, even if it means taking a pay cut
- treating your family to a tropical vacation in the Caribbean
- giving more to your church or favorite charity
Managing your money well gives you the freedom to make decisions based on your desires, rather than financial necessity.
Download this short, 8-page ebook now to learn the top 5 mistakes keeping lawyers in debt and how you can avoid them.
