Category: Finances

Getting Motivated to Save for Your Retirement

By Melanie Fischer How old are you? Actually, the answer to this question doesn’t really matter. If you are old enough to have a job, or if you are old enough to own a (profitable) business, you are old enough

Posted in Finances

Building Our Dreams: The Finances of Law Firm Startups

By Drew Hefflefinger Who is tired of making someone else’s dream come true? The sacrifice, the hours, the faceless P&L reports. Learning how passionate and dedicated attorneys are, it is no wonder that many seek entrepreneurship as a means of

Posted in Finances, Solo Practice

Game of Loans: Interest Is Coming

By Drew Hefflefinger Consolidation, income-driven repayment and private refinancing are three student loan repayment strategies. By understanding their pros and cons, the borrower is better able to make an educated and informed decision tailored to their financial circumstances.

Posted in Finances, Law Student

Attention to Detail and Reaching our Destination

By Drew Hefflefinger, CFP® Pilots have a rule of thumb called the “1-in-60 rule”. Although it has various uses, the ratio’s primary use is navigational. It states, if a pilot travels sixty miles and is just one degree off course,

Posted in Finances

Tim Duncan, College Savings, and “The Big Fundamental”

By Drew Hefflefinger, CFP® Nicknamed “The Big Fundamental”, Tim Duncan’s 19-year NBA career recent came to a close at the end of the 2016 season. He will go down as one of the best to ever play the game of

Posted in Finances

Financial Bites for Baby Sharks: How to Save Money and Get What You Want

By Drew Hefflefinger, CFP® Saving money is initially stressful, uncomfortable, and can lack direction. By understanding what you want, reviewing your spending behavior, and taking action you can learn to cut the fat, save, and accomplish big goals.

Posted in Finances

Financial Bites for Baby Sharks: Stress and Money

By Drew Hefflefinger, CFP® Managing personal finances is stressful. With so many considerations, either immediate or in the future, it can feel overwhelming and cause unwarranted stress. Let’s address some of the basic causes of financial stress and how to

Posted in Finances

Financial Bites for Baby Sharks: Investment Return

By Drew Hefflefinger, CFP® Stock picking and market timing is generally a fool’s game — the market is out of our control. What we can control is how we manage our investments. By focusing on the planning process, tax liability,

Posted in Finances

Financial Bites for Baby Sharks: Your Greatest Asset

By Drew Hefflefinger, CFP® The ability to generate income is typically a young professional’s greatest financial asset. To keep life afloat today and build for the future requires regular incoming cash flow. To break this down there are two primary

Posted in Finances

Financial Bites for Baby Sharks: Students Loans [Part Two]

By Drew Hefflefinger, CFP®                Consolidation, income-driven repayment and private refinancing are three commonly confused topics in the student loan world. All can help customize repayment, however, all are very different. In repayment it is worthwhile to understand the options and

Posted in Finances

Financial Bites for Baby Sharks: Student Loans [Part One]

By Drew Hefflefinger, CFP®                 THE WHY behind student loans. This post will discuss how law school, and thus student loans, are a means of increasing human capital, how that capital may be used today, and offer insight into what the

Posted in Finances

Financial Bites for Baby Sharks: Introduction

By Drew Hefflefinger, CFP®        As part of a new bi-monthly series, “Financial Bites for Baby Sharks” will focus on personal finance topics that are relatable and targeted towards young attorneys. The goal of the series is to inform readers on

Posted in Finances, Law Practice Management

Special Announcement Regarding Proposed Changes to the Public Interest Loan Forgiveness Program

The Obama Administration’s proposed FY2015 budget includes some changes to student loan programs and public service loan forgiveness (PSLF) programs that may concern law students and young lawyers.

Posted in Community, DBA YLD News, Finances, Law Student, Uncategorized

Managing Personal Finances During Periods of Unemployment and Underemployment

by Sheila May If you are reading this post, you have taken a crucial first step: You are facing the fact that you’re living on a reduced income. The most important thing you can do, when your income has been

Posted in Career Development, Finances