Ever since quitting my job, everyone has been asking me what I do with my time. And I feel embarrassed to admit that I work completely on my own goals. Yes, I use what would be my 40-hour workweek for my personal goals.
Personal finance is different for each person, and that’s especially true for women lawyers. Factors like giant student loan debt, no work life balance, lack of financial confidence, the glass ceiling – are just a few things that make navigating finances as a woman attorney different from others.
Female lawyers face their own unique personal finance challenges. They call it personal finance because the principles are not universal. If you’re a lawyer, you will likely accrue a lot of debt and no earnings while attending law school. It might still be a good decision because you are pursuing the career you want and are potentially setting yourself up for higher earnings. If you take a pay cut so that you can care for your family, that also might be the right financial decision for you, even though you are not saving.
Personal finance looks different for each individual depending on their circumstances and the stages in their lives. You might ask why this site focuses on women lawyers and it’s because female lawyers have different financial circumstances than male lawyers or women in other professions, due to a variety of systemic problems and societal norms. These differences are not necessarily night and day from other people’s experiences, but it’s different enough to warrant different advice. Below I explain some of these differences.
As a lawyer, learning calming habits are a must. I’m a typically type-A nutjob. Now, a lot of people think being type-A means you’re a jerk, and there’s definitely a correlation. There’s just something about Type-A people that makes them think that they are in a constant battle with time. Because of that, Type-A people are prone to stress and stress-related illnesses. And that can easily translate into being a jerk.