Law Practice
Feb. 16, 2001
Financial Plan First, Yacht Second, After Big Win
The big case just paid off. I made all that money! Buy a yacht, a Ferrari, an island in Tahiti? Not! This is the perfect time to develop a financial plan, which may or may not include that yacht. How much can I spend? How much should I save? How do I minimize the taxes, secure my future and enhance my quality of life? Coming into a big slug of money is the best time to develop a financial plan and a money philosophy that will carry you through the leaner times as well as secure your future.
The big case just paid off. I made all that money! Buy a yacht, a Ferrari, an island in Tahiti? Not! This is the perfect time to develop a financial plan, which may or may not include that yacht. How much can I spend? How much should I save? How do I minimize the taxes, secure my future and enhance my quality of life? Coming into a big slug of mone...
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