Tag: Lawyer

7 Common Money Mistakes For Attorneys and Law Firm Owners to Avoid (Ep. 15)

7 Common Money Mistakes For Attorneys and Law Firm Owners to Avoid (Ep. 15)

One of the most important things you can do to ensure a secure financial future is to take proactive steps now to manage your finances. This involves making smart choices in the present that will set you up for long-term success and avoiding financial mistakes that can set you back. 

In this episode, Darren uncovers the most common mistakes attorneys can make that may negatively impact their retirement plans. He also discusses potential roadblocks and the steps you can take to avoid them.

Darren discusses:

  • Savings strategies when you own your own business 
  • What living too large looks like based on your personal circumstances
  • Making sure you don’t miss out on potential tax savings 
  • How to balance paying down debt and investing for your retirement 
  • And more

Resources:

Connect with Darren Wurz:

Law Firm Succession With Thomas Cuni (Ep.12)

Law Firm Succession With Thomas Cuni (Ep.12)

As a business owner, growing your law firm is one of your priorities. However, what happens when you’re ready to retire or sell your business, do you have a succession plan?

In this episode, Darren Wurz talks with Thomas Cuni from Cuni, Ferguson & LeVay Co., L.P.A. He discusses the importance of having a succession plan and why money isn’t everything when it comes to lawyers deciding when the right time to retire is. 

Thomas discusses:

  • The importance of having a succession plan in place
  • Why most firms might not survive after their founder leaves the business
  • How retirement planning and succession planning go hand in hand
  • Why selling your practice isn’t a retirement plan
  • And more

Connect With Darren Wurz:

Connect With Thomas Cuni:

About Our Guest:

Thomas L. Cuni earned his law degree from the University of Cincinnati, College of Law. He was one of the founding partners of Cuni, Ferguson & Levay Co., LPA, where he currently serves as of counsel. His primary focus throughout most of his career has been the representation of small businesses, especially the formation of companies and purchase and sale of businesses. He has organized several hundred business entities and represented clients in the purchase and sale of more than 200 significant commercial real estate holdings. These skills and experiences led to his current work—helping law firm owners develop succession plans and successfully sell their practices.

The Biggest Financial Challenges in the Legal Profession (Ep.3)

The Biggest Financial Challenges in the Legal Profession (Ep.3)

In the legal profession, there are some financial potholes that can trip up your planning. Do you set time aside to focus on you and your money?

In this episode of The Lawyer Millionaire, Darren Wurz discusses the challenges that people working in the legal profession experience when managing their money. He also provides tips on how to effectively manage your money.

Darren discusses:

  • The importance of investing and saving money early in your career   
  • How debt can hamper one’s ability to save money
  • The earning potential in the legal profession
  • The importance of having a financial advisor
  • And more

Resources:

Connect with Darren Wurz: