Many young people with law degrees want to become lawyers. They dream of becoming reliable lawyers who are sought after by many people to defend their cases or problems.
Lawyers who can appear like this are usually not only skilled in the field of law but also have the expertise to manage their finances.
Those who are now successful lawyers have an abundance of assets with many valuable assets, starting from the way they manage their finances.
But there are also many lawyers who have large income but because they are not good at managing their finances, so they do not have assets to keep. You can use Financila and business plan service bsbcon.com
A lawyer, during his profession, is not free from various problems. For example, complicated cases, minimal client budgets, staff workers who come in and out, the scope of cases is very narrow, not to mention having to deal with the police.
In addition, to become a lawyer, you will usually find it difficult to develop without a working relationship with other firms. So, how do you keep young lawyers carefully managing finances even though you have not had a long career? Here are some tips to try:
- Pay Debt As Soon As Possible
In starting a career as a lawyer, you have to spend some money to be able to support work. For example, building rent, salaries for employees, transportation costs, and handling legal cases.
If you borrow money from a bank or financial institution, pay off the debt as soon as you get a profit. After that, then you can start investing.
Take care as much as possible so that your credit is not bad or problematic. You don’t want your firm’s reputation to be tarnished because of this mistake. Because it is unethical for your firm to solve cases related to finance but at the same time have bad credit.
- Saving and investing
Compared to the average for other types of work, if you have succeeded in becoming a lawyer, your income will be higher than other executive workers.
However, as much as possible do not waste money on luxury items at first, but continue to save and invest for the future, of course.
Look at a figure like Hotman Paris, even though his legal career is very successful as it is today, he continues to invest in property as another source of income.
- Complete your appearance as a lawyer
If you think this matter is less important and wasteful, certainly not right! Because the job as a lawyer requires you to look dignified and classy. So, take the time to buy new suits, watches, and shoes with quality and well-known brands to become capital appearance as a lawyer.
In addition to supporting your appearance, you also have to equip the firm’s office with a lot of books, such as the Criminal Code, basic laws, and various types of Indonesian law books, such as agrarian law, commercial law, copyright law and intellectual property. One day, these books will definitely be needed to help solve certain cases.
- Prepare a pension fund and emergency savings
While still young, set aside the income earned to collect pension funds and emergency savings. Imagine, if you could save Rp1 million per month from the age of 25 years. When you are 65 years old, you will get around IDR 2.4 billion (assuming a 6% return ). Don’t forget to also prepare an emergency fund in case something unexpected happens
- Build as many relationships as possible and keep learning
If you already have your own firm office, that doesn’t mean you can work on legal cases alone. In fact, if you are lazy to build cooperative relationships with other law firm offices, you may rarely get cases.
In addition, each legal case has a different approach and settlement techniques. So, make it an opportunity to increase knowledge and experience, so that if there is a similar case in the future, you already know how to solve it quickly and efficiently.
