Cash Flow for Law Firm Owners Part 2: The #1 Fix for Lumpy Revenue (Ep. 135)

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The Lawyer Millionaire® Podcast: Business & Financial Planning for Law Firm Owners

Darren Wurz, CFP

140 episodes

3 days ago

The Lawyer Millionaire Podcast is the go-to show for ambitious law firm owners who want to grow their practice, build personal wealth, and achieve true financial freedom. Hosted by financial planner and business strategist Darren Wurz, this podcast delivers actionable strategies to help you scale your firm, increase profitability, and design a future beyond billable hours.

Each week, you’ll discover:
• Practical law firm growth strategies to attract clients, improve efficiency, and scale sustainably
• Exclusive insights on financial planning for lawyers, including retirement, tax strategies, and exit planning
• Real stories from successful law firm owners who’ve built thriving practices and financial independence
• Tools to help you step out of the day-to-day grind and focus on becoming the CEO of your firm

Whether you’re a solo attorney ready to grow, a managing partner scaling a team, or a law firm owner planning your exit, this podcast gives you the roadmap to transform your practice into a wealth-building asset.

Subscribe to The Lawyer Millionaire today and learn how to grow your law firm, build wealth, and achieve the freedom you’ve always wanted.

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Cash Flow for Law Firm Owners Part 2: The #1 Fix for Lumpy Revenue (Ep. 135)

The Lawyer Millionaire® Podcast: Business & Financial Planning for Law Firm Owners

42 minutes 54 seconds

1 month ago

Cash Flow for Law Firm Owners Part 2: The #1 Fix for Lumpy Revenue (Ep. 135)

Are you tired of riding the cash flow rollercoaster in your law firm? Maybe you hold your breath between case settlements, wonder where the money really goes, or feel that familiar stress when your income dips unexpectedly. If so, you aren’t alone and you definitely don’t have to figure this out on your own.
On this week’s episode of The Lawyer Millionaire Podcast, hosts Darren Wurz and special guest Charley Mann pull back the curtain on one of the biggest game-changers for law firm owners: paying yourself a consistent salary. If cash flow chaos has left you anxious at work and home, this episode offers a fresh, practical way forward.

Charley discusses:

* Why predictable personal income leads to better decisions for your firm and family.
* Actionable strategies for stabilizing your finances.
* How financial uncertainty affects leadership and decision-making in law firms.
* The danger of making 5-figure mistakes.
* How to identify your money mindset and how it impacts your financial success.
* The qualities to look for in a financial advisor.

Resources:

* Paying Yourself as a Law Firm Owner: A Practical Guide by Darren Wurz
A Random Walk Down Wall Street: The Best Investment Guide That Money Can Buy by Burton G. Malkiel
* Simple Numbers, Straight Talk, Big Profits by Greg Crabtree
* American Gods: A Novel by Neil Gaiman
* Unreasonable Hospitality by Will Guidara
* Profit First: Transform Your Business from a Cash-Eating Monster to a Money-Making Machine by Mike Michalowicz

Connect with Darren Wurz:

* Schedule a Call with Darren
* The Lawyer Millionaire Website

* The Lawyer Millionaire: The Complete Guide for Attorneys on Maximizing Wealth, Minimizing Taxes, and Retiring with Confidence by Darren Wurz
* LinkedIn: Darren P. Wurz
* Join The Lawyer Millionaire Founders Network and Book Club for Free

Connect with Charley Mann:

* Website: Law Firm Alchemy
* Website: Red Kraken Creative
* Linkedin: Charley Mann
* Podcast: They Don’t Teach This in Law School
* Book: They Don’t Teach This in Law School by Charley Mann with Bryan Austin

About Charley Mann:
Charley Mann is the host of “They Don’t Teach This in Law School” and founder of Law Firm Alchemy, a company dedicated to providing resources and coaching for law firm growth. With over 15 years of experience in the legal industry, Charley guides law firm owners in optimizing their practices and achieving success. He emphasizes the importance of networking, providing value, and maintaining strong client relationships, focusing on both business operations and personal growth.