Watch the YouTube version of this episode HERE
In this episode of the Maximum Lawyer podcast, host Tyson Mutrux and guest Chelsea Williams talk about money management and its relevance to law firms. Chelsea shares financial lessons to cover common mistakes such as: lack of financial education, overlooking the interconnectedness of personal and business finances, advocating for frameworks like "Profit First" to manage finances effectively and more.
The discussion also explores the psychological aspects of money, the importance of aligning personal values with business goals, and strategies for achieving financial freedom and sustainable growth in law firms.
Listen in.
02:35 Impact of Personal Finance on Business
06:28 Profit First Framework
09:51 Addressing Money Psychology
12:14 Retirement and Financial Freedom
20:51 Lines of Credit: Pros and Cons
35:18 Starting a Law Firm with No Money
Tune in to today’s episode and checkout the full show notes here.
Connect with Chelsea:
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