10 Habits of Wealthy Lawyers
By Joshua Holt • February 25, 2018 •Careers, Legal Academia, Law School, Pre-Law, Issues, Other Issues, Features, Myths & Truths
Setting yourself up for financial success isn’t about making one good decision. If willpower were all it took to get rich, we’d all have a million dollars by 3 pm and on a flight to a tropical island by 7 pm. Unfortunately (or fortunately really), building wealth is about changing behaviors through developing new habits. And just like any habit you’ve ever changed, it’s not something that happens overnight. You’ll have to build these habits over time. Here are my top 10 habits of financially successful people. Habit 1: Paradigm Shift People that are successful with money believe that money…
Don’t Be An Investing Clown
By Joshua Holt • February 10, 2018 •Careers, Firms and the Private Sector, Issues, Other Issues, Features, Myths & Truths
The stock market just finished a great year. For every dollar invested on January 1, 2017, in an index fund tracking the S&P 500, the market returned a whopping 19.42% in appreciation by the end of the year. That’s not even taking into consideration the dividends paid. If you add in those, the index investor saw a return of 21.83% on each dollar invested (less fees, which of course should be kept to a minimum). Those are exciting numbers. What does a 21.83% return get you? Well, it doubles your money every 3.3 years for a start. You could get…