Description

In this episode, Steve Fretzin and Justin Krane discuss:

• Challenges lawyers face with managing their finances
• The importance of automating financial systems
• The connection between lifestyle choices and financial health
• Strategies for building a financially secure law practice

Key Takeaways:

• Automating the transfer of funds between business and personal accounts helps remove emotion from financial decisions and ensures steady savings.
• Lawyers often struggle with personal finances because they lack clarity on their business model and revenue generation strategies.
• Over-spending on luxury items like vacations and yachts while neglecting long-term savings can disrupt financial stability.
• A reframe from thinking of business expenses as "spending" to viewing them as "investing" helps ensure lawyers prioritize sustainable growth and ROI.

"You have to be a prosperity thinker. You have to be able to believe that you can create and manifest the financial life that you want and make things happen." —  Justin Krane

Read Steve's past episodes as Blogcasts—visit now: https://www.fretzin.com/blog/

Thank you to our Sponsors!

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Rainmakers Roundtable: https://www.fretzin.com/lawyer-coaching-and-training/peer-advisory-groups/

Episode References: 

INspired INsider Podcast: https://podcasts.apple.com/us/podcast/inspired-insider-podcast/id729464589

The Psychology of Money by Morgan Housel: https://www.amazon.com/Psychology-Money-Timeless-lessons-happiness/dp/0857197681

About Justin Krane: Justin Krane, a Certified Financial Planner™ professional, is the founder of Krane Financial Solutions. Known for his savvy, holistic approach to financial planning, he advises his clients on how to unite their business and personal money with their lives. Justin works with his clients to create purpose-driven financial plans, aiming for a "return on life." He manages his clients’ investment portfolios for their long-term goals, such as retirement. Justin is the author of the book Money. You Got This. It’s a book about everyday crazy, funny life experiences that we all have – with lessons for all of us.

Connect with Justin Krane:  

Website: https://kranefinancialsolutions.com/

Personal LinkedIn: https://www.linkedin.com/in/justinkrane/

Company LinkedIn: https://www.linkedin.com/company/krane-financial-solutions/

Connect with Steve Fretzin:

LinkedIn: Steve Fretzin

Twitter: @stevefretzin

Instagram: @fretzinsteve

Facebook: Fretzin, Inc.

Website: Fretzin.com

Email: Steve@Fretzin.com

Book: Legal Business Development Isn't Rocket Science and more!

YouTube: Steve Fretzin

Call Steve directly at 847-602-6911

Audio production by Turnkey Podcast Productions. You're the expert. Your podcast will prove it.