Doing a pre-law program in undergrad can be a good way to begin your legal career, but you want to make sure you’re choosing one that is a good step toward law school and offers a high return on investment.
Invest Wisely
Investing doesn’t have to be complicated.
Buy the whole stock market.
Meet the Gotrocks Family!
If we start from a basic premise, we know that the world as a whole owns the entire stock market. Meet the Gotrocks family—they own everything in the world—and see what happens to their overall wealth once they begin trying to get themselves ahead of others.
Read MoreLooking to Outsource?
Sometimes life is too busy and you don’t want to do it all yourself. Over the years, many people have asked me to connect them with the “good guys” in the financial services industry. Below are people and companies that I’ve personally vetted (often meeting them in person). Know that they are paid advertisers on the site but that I routinely recommend them to friends and colleagues and would do so even if they weren’t advertisers.
Earnest
Earnest combines technology with financial backing from Navient to offer better customer service and good rates.
Student Loan Planner
Many readers have already used Student Loan Planner to help them figure out the optimal repayment strategy for their student loans.
Pradeep Audho
Looking for an insurance agent that won't try to talk you into buying whole life? Pradeep is no frills and no pressure.
Latest posts in Investing
The Efficient Market Hypothesis: Why Index Funds Win Out
The EMH offers an explanation for why index funds outperform actively managed funds over the long-term. Do you find it convincing?
The Disadvantages of Index Funds
There is no such thing as a perfect investment. Even index funds have downsides, though few are deal-breakers. Here’s what to consider when choosing an index fund and some reasons to consider ETFs.
Short-Term, Low-Risk Investments
Where should you park your money for the short-term while taking on little risk? We look at CDs, money market funds, and bonds.
VTSAX vs. VTI
Index funds that track the total stock market are popular among investors seeking long-term returns with lower risk, but Vanguard’s options can be difficult to disentangle. Here we break down the difference between VTAX, a mutual fund, and VTI, an ETF.
Why Lawyers Should Invest in Index Funds
It might be tough to accept that signing on for “average” returns from index funds is actually a winning strategy, even for an above-average, smart investor like yourself. However, the low risk and low fees that accompany index funds make them a much safer long-term bet than actively managed funds. Here’s the backstory on how index funds got started and why they should be part of your portfolio.
Fee-only vs. Fee-based Financial Planners
The names might be similar, but there is a huge difference between financial planners who are fee-based and those that are fee-only. Make sure the person who’s managing your investments has interests aligned with yours.
Financial Planning for Lawyers: 7 Factors to Consider
Lawyers and other high-income individuals have a lot of things to consider when setting up a financial plan. These 7 topics should each be addressed in the plan that you develop either yourself or with your CFP to manage your money.
Biglaw Budget: 1st Year Associate
Here’s a guide to help you make good decisions, control expenses and build wealth with this budget template.