Dealing with the Present & Dealing with the Future (Cash Flow and Future Planning)

In this episode of Beyond Biglaw, host Matt Sky sits down with Jessica Medina, Esq., a former lawyer and Accredited Financial Counselor®. They explore the complexities of cash flow management for attorneys, addressing common financial challenges and strategies for balancing immediate needs with long-term goals like retirement planning and investments. Jessica shares her insights on optimizing cash flow, building emergency funds, and effective budgeting techniques tailored for lawyers. She emphasizes the importance of retirement planning, especially for those who may have started late due to student loan debt or other obligations. The episode also delves into personalized investment strategies based on individual risk tolerance and financial objectives, concluding with a success story of how her coaching has positively impacted a lawyer’s financial management.