Saturday, August 5, 2017

How to Be Financially Smart in Law School



Anyone who's read my blog probably knows that I'm not shy about the fact that law school is hella expensive. Luckily, being a lawyer can be a pretty lucrative career. But that doesn't mean that while you're in school you can just ignore your finances. Let's face it - if you made it to law school, you're smart. But that doesn't mean your financially smart. And honestly, being able to manage finances well is a skill that you have to work at. However, if you listen to a few tips here, you'll be on your way to being a financial genius before you get your J.D.

Minimize Debt

The first thing you can do to be financially smart in law school is minimize your debt. But it would take a whole other post for me to explain that. Luckily, I wrote one! Go check it out at Biglawinvestor.com. While you're there, check out the rest of the posts Josh has written to learn even more about managing money while you live the lawyer life.

Create A Budget

I think the biggest mistake young people make is not sitting down with a pen and paper to create a budget. Which is insane! I've saved so much money by a little bit of simple planning and writing out my expenses. Again, this is a pretty big topic to tackle in just a small paragraph. Luckily, I've already written another post about it - so go check it out too!

Go Where the Money Is

A lot of people like to judge people who chase money. But let's face it, sometimes that's what you have to do to be financially smart. I would highly reccommend trying to go to a law school where you can get a good scholarship. After all, no matter where you graduate from, you'll be getting a J.D. So get a good scholarship, and go to that school. It's not that hard, I promise!

Cut Down Spending - Learn How to Say No

One of the easiest ways to be financially smart is to not spend too much. The best way not to spend too much? Learn how to say no. I know that sounds easier than it is, but it can help you so much in the future. Do you really need to go out with friends every weekend? Do you really need that new shirt, when all you're going to do is sit in a classroom? Do you need to go on an extravagant spring break trip? No. Sometimes it's hard. Sometimes it's not as fun. But neither is debt. 

Remember It's All Temporary

In the end, law school is just a few years. And then you make money. So buckle down on finances now, and remember that just in few years,  you'll be making money and everything will be okay. It might be difficult for now. But it's temporary for sure.

5 comments:

  1. i really need to share these tips with my bestfriend she is going to need it now more than ever. thank you so much for posting with this. keep updating

    ReplyDelete
    Replies
    1. I'M NOW FULFILL FINANCIALLY BECAUSE OF THE LOAN I GOT FROM UPSTOX FUNDING INC.{ upstoxfunding@yahoo.com }

      I would like to bring this to the notice of the public about how i came in contact with Upstoxfunding INC after i lost my job and being denied loan by my bank and other financial institution due to my credit score. I could not pay my children's fees. I was behind on bills, about to be thrown out of the house due to my inability to pay my rent, It was during this period my kids were taken from me by foster care. Then i set out to seek for funds online where i lost $3,670 that i borrowed from friends which i was rip off by two online loan companies. Until i read about: ( upstoxfunding@yahoo.com ) somewhere on the internet, Still wasn't convince because of what i have been through until a relative of mine who is a clergy also told me about the ongoing loan scheme of Upstoxfunding at a very low interest rate of 2% and lovely repayment terms without penalty for default of payment. I have no choice than to also contact them which i did through text (302) 273-5794.That day was the best and greatest day of my life which can never be forgotten when i receive a credit alert of $124,000Usd loan amount i applied for. I utilized the loan effectively to pay up my debts and to start up a business and today i and my kids are so happy and fulfill. You can as well contact them through email: upstoxfunding@yahoo.com OR call or text their helpline: (302) 273-5794. Why am i doing this? I am doing this to save as many that are in need of a loan not to be victim of scams on the internet. Thanks and God bless you all, I'm Wendy Ryan from Arizona, United States.

      Delete
  2. This type of message always inspiring and I prefer to read quality content, so happy to find good place to many here in the post, the writing is just great, thanks for the post. https://larsennash.com/

    ReplyDelete
  3. HOW I BECAME A VICTOR AFTER SO MANY FAILED ATTEMPT OF GETTING A LOAN.

    I feel so blessed and fulfilled. I've been reluctant in applying for a loan i heard about online because everything seems too good to be true, but i was convinced & shocked when my friend at my place of work got a loan from Progresive Loan INC. & we both confirmed it and i also went ahead to apply, today am a proud owner of my company and making money for my family and a happy mom. Well i'm Annie Joe by name from Pauls Valley, Oklahoma. As a single mom with three kids it was hard to get a job that could take care of me and my kids and I had so much bills to pay and to make it worst I had bad credit so i couldn't obtain a loan from any bank. I had an ideal to start a business as an hair stylist but had no capital to start, Tried all type of banks but didn't work out until I was referred by my co-worker to a godsent lender advertising to give a loan at 2% interest rate. I sent them a mail using their official email address (progresiveloan@yahoo.com) and I got a reply immediately and my loan was approved, and I was directed to the Bank site where I withdrawed my loan directly to my account. To cut the story short am proud of my hair stylist company and promise to testify to the world how my life was transformed.. If you are in need of any kind of loan, i advise you contact Progresive Loan INC and be financially lifted Email: progresiveloan@yahoo.com OR Call/Text +1(603) 786-7565



    ReplyDelete

 
Design by Imagination Designs
Graphics by Rachel White Art