Life And Wealth As A Solo Practitioner

Money, wealth, and abundance are complicated concepts for those attorneys who want to extend the philosophy of the solo practice into everyday life.

First, it is a subjective thing, is it not? Different lawyers have different opinions of what all of this means for them. Second, opinions change over time.

Also, the question is not just the concept of the area of law in which to practice, or whether or not to niche a law practice. Those are but some factors of many that determines the final issues of success in this regard.

Quality of life plays a huge part. For me it is the less complicated life that plays a huge part, probably as much or more than the amount of money made. In fact, the amount of money is not the concern as much as the amount of money I get to keep at the end of the day.

Oh, I have dreams that are unfulfilled. We all do. But, the final analysis is whether the core concept of our home lives and your business lives are working optimally enough for each of us.

It comes down, often times, to not total fulfillment, but fulfillment enough.

Is abundance money? Is it time with our families? Is it time doing something else we want? Is it simply not being in bankruptcy?

How to bring all of the diverse pieces together takes a vision, I suppose.  Regardless of what gurus allude to, not every vision works out in the end like you think it will. This does not mean you should not have vision, but I would not set my heart on it. I would say that the broader the goal or the vision the better for it will let you work the little stuff out later, as you go along.

But, I can also tell you that wealth and debt and overhead and convenience go hand in hand. You are not going to achieve balance in one without achieving balance in all of these areas. At least that is what I have discovered.

I think the path to a good life and wealth first takes a degree of faith that everything will work out for you in the end. If a lawyers want guarantees they are never going to make any moves in any direct. Beyond that, comfort and money eventually comes in the way of expertise, which requires a narrow focus. Then, as one moves in that direction, whatever that direction might be, it takes a concerted effort to keep debt down and overhead under control. And, then of course, it helps to manage expectations.

Comments

[Sandy Slaga]

So well said, Chuck. I have found it to be so.

Sandy Slaga