Tag: Planning for Retirement

How We Serve Law Firm Owners as Chief Wealth Counsel (Ep. 52)

How We Serve Law Firm Owners as Chief Wealth Counsel (Ep. 52)

Are you a law firm owner tirelessly chiseling away at the bedrock of your practice, feeling the weight of financial complexity bearing down on you?

On this episode of The Lawyer Millionaire Podcast, host Darren Wurz explores the rugged terrain of wealth management and business expansion, Darren breaks down how meticulous financial planning is not just a service, but a transformative experience for your practice and personal prosperity.

Darren exposes the reality that many law firm owners face – a landscape riddled with financial convolutions and missed opportunities.

Darren provides a powerful in-depth analysis of how his role as a Chief Wealth Counsel can provide clarity and growth to both your personal finances and business endeavors.

Darren discusses:

  • The importance of demystifying your financial positions, both personal and business, to make informed decisions for your future.
  • How to utilize passive income streams that allow you to earn you while you sleep and diversify your earnings beyond billable hours.
  • Proactive tax planning and cash flow optimization to ensure every dollar is working its hardest for you.
  • How to transcend the traditional plateau of law practice growth, and build a roadmap toward selling your firm as a significant wealth asset.
  • The distinctive financial planning model Wurz financial services adopts, which contrasts sharply with generic advisors and offers a flat, transparent fee structure.

 

Resources:

 

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Minimizing Taxes and Maximizing Profits with Jayden Doye (Ep. 47)

Minimizing Taxes and Maximizing Profits with Jayden Doye (Ep. 47)

Are you a law firm owner looking to navigate the maze of taxation while maximizing your profits? This exciting episode of The Lawyer Millionaire Podcast promises to be your guiding star.

Our host Darren Wurz sits down with Jayden Doye, a mastermind in tax strategy who has carved out a niche in optimizing law firms’ tax situations. Jayden shares valuable insights into selecting the right market, implementing innovative cash management systems, and changing your business’s financial trajectory.

As a proponent of work-life balance, Jayden also dives deep into making your firm not only successful but also a source of personal fulfillment, allowing you to enjoy life’s luxuries like six vacations a year!

Doye discusses:

  • The benefits of incorporating a ‘profit first’ system to manage your cash better and ensure year-round readiness for tax obligations.
  • Strategies for ethical law firm owners to distinguish themselves in a competitive market.
  • Why he doesn’t work for people he doesn’t like.
  • The differences between a value first firm and a volume first firm.
  • How involving family members in your firm could be a masterstroke for tax deductions, retirement benefits, and instilling strong work ethics.
  • Practical tips on leveraging business conference attendance to grow your firm’s network, expand your knowledge base, and enjoy tax-deductible travel perks.


Resources:

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Connect with Jayden Doye:

About our guest:

Jayden was not always the financial guru that he is today. Growing up in a household just shy of the federal poverty line in Prince George’s County, Maryland, he knew the importance of money management but didn’t have the tools to create the financial stability he so desperately craved. After graduating Towson University with a B.S in Accounting and incurring a large amount of debt, Jayden was determined to make a change.

With a little hard work, and A LOT of sacrifice, Jayden became independent, gained professional growth as an accountant at a small CPA firm in Atlanta, and became a Certified Public Accountant. Over the next years, he’s worked with clients in just about every industry — helping them not only expand their financial portfolios, but to create plans that ensure financial sustainability and minimize taxability.

As a CPA, Jayden’s goal is to help entrepreneurs like himself gain independence and create a unique action plan to bring more to their bottom line while paying less in taxes. Invest in yourself and start working with Jayden TODAY!

Using Automation to Scale your Law Firm with James Grant (Ep. 41)

Using Automation to Scale your Law Firm with James Grant (Ep. 41)

In the competitive arena of law firm ownership, every decision can make the difference between lasting success and missed opportunity.

In the 41st episode of The Lawyer Millionaire Podcast, host Darren Wurz takes an incisive look into the journey of James Grant, a civil engineer turned law firm co-founder who mastered the art of converting professional hurdles into strategic growth for Georgia Trial Attorneys.

Join us as we delve into the vital role of refining processes within your niche, leveraging technology and automation to streamline operations, and the continuous journey of embracing change that every entrepreneur faces.

James Grant’s story is a testament to strategic acumen and the power of resilience in the face of the trials he endured on his path to achieving triumph in both the courtroom and the financial market.

James discusses:

  • The immense value in hiring experts and not cutting corners when it comes to business and financial operations.
  • Why he is a massive fan of AI and the disruptive effect it is poised to have in the legal industry.
  • The importance of implementing strategic systems and procedures that will streamline operations and enhance efficiency.
  • How niching down in a specific area can differentiate your firm and lead to greater profitability.
  • How law firm owners can save time by automating payment processes.
  • Tax strategies that law firm owners can explore to benefit their business and their employees.
  • Why entrepreneurs need to embrace change and creative disruption.

 


Resources:

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Connect with James Grant:

About our guest:

James Grant isn’t just an attorney; he’s a game-changer. As the co-founding partner of Georgia Trial Attorneys, he’s revolutionized the field of personal injury law in Georgia. He has created a powerhouse law firm that serves as the outsourced litigation arm for other personal injury firms. Gone are the days of personal injury lawyers juggling pre-litigation and courtroom battles. James’ mantra says it all: “We litigate, so you don’t have to!”

Together with his co-founder, Mark Kirchen, James has designed a form that embodies the future of law: where partners thrive, justice is swift, and technology leads. His leadership has shaped Georgia Trial Attorneys into a beacon of:

  • Absolute Accountability: We own it, fix it, and finish it
  • Forward Momentum: We accelerate cases, not just activity
  • Relentless Refinement: We are always looking to elevate
  • Every Conversation Is A Chance To Excel

Not just a powerhouse litigator, James is a tactical businessman. His dual expertise proves that you can win in the courtroom while maintaining a well-balanced life. A seasoned veteran in the courtroom, his prior roles include stints as an Assistant Solicitor-General and Senior Associate Attorney, where he honed his skills in both criminal and civil litigation. His diverse experiences make him the ultimate weapon against insurance companies and their greed, leveling the playing field for every client he represents.

But James isn’t all business. Outside the courtroom, he’s an amateur strongman competitor and an avid golfer. He values the harmony of a fulfilling personal life,. He lives in Roswell, Georgia with his wife Meredith and their children, James and Leah.

What It Looks Like to Help Attorneys to Achieve Financial Independence (Ep.2)

What It Looks Like to Help Attorneys to Achieve Financial Independence (Ep.2)

When you hear the words client experience, what do you think of? 

In this episode, we spend more time getting to know the host, Darren Wurz, MSFP, CFP®. He discusses what client experience means to him and his team at Wurz Financial Services, and shares the process he uses to help his clients plan for retirement. 

Darren discusses:

  • What it is like to be a client at Wurz Financial Services
  • Common questions clients have when it comes to retirement planning
  • The three step process to creating a financial plan
  • The importance of investing in powerful software for financial planning
  • How a client’s account is managed in his office
  • And more

Resources:

Connect with Wurz Financial Services:

Meet Your Host, Darren Wurz, MSFP, CFP® (Ep.1)

Meet Your Host, Darren Wurz, MSFP, CFP® (Ep.1)

The highly anticipated podcast, named after the book “The Lawyer Millionaire”, has officially launched! 

In this inaugural episode, get to know your host, Darren Wurz, MSFP, CFP®. He highlights what led to the start of his business and what made him so passionate about creating successful financial plans for professionals working in law firms. Along with some insight into what’s to come on his show.

 Darren discusses:

  • How Wurz Financial Services was created – this includes following in his dad’s footsteps of being a financial advisor in the family business
  • How the majority of his clients turned out to be attorneys and how that reshaped his business entirely
  • The importance of investing time into understanding your clients’ needs and not treating every client with the same advice
  • How “The Lawyer Millionaire” is an extension of his business
  • And more

Resources:

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