192: Darren Wurz | The Lawyer Millionaire

When you own your business, saving for retirement often takes a backseat to put money into the practice you’re trying to make successful. Many people even take money from their retirement accounts to fund their life transitions or businesses. The truth is the earlier you plan for retirement, the better it can be. Waiting until your 40s (or later) to think about it can be detrimental to your future goals.

In this episode of Wealthy Woman Lawyer®, Davina welcomes guest Darren Wurz to deep dive into the topic of investing and retirement for lawyers. Darren is a fee-only financial advisor and co-owner of his family’s business, Wurz Financial Services. He is a Certified Financial Planner with a master’s degree in financial planning from Golden Gate University. Darren is also a podcast host and author of The Lawyer Millionaire and specializes in helping attorneys meet their financial goals.

Show Highlights:

Why Darren transitioned from his role as a science teacher to joining the family business as a financial planner, and why he did the one thing he tells his clients never to doThe real reason Darren chose to work specifically with lawyers, and the inspiration for writing his bookSome of the unique challenges he’s faced with law firms and lawyer clients that set them apart from other businesses and individualsCommon mistakes lawyers make when they receive a lump sum and how to avoid the “wealth effect”Why it’s important to evaluate what you want your future to look like early in your careerA breakdown of the way compounding interest and early investing can exponentially increase your wealthThe reason it’s okay to want your business to make money and serve your clients at the same time

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Supporting Resources:

Visit Darren’s site, The Lawyer Millionaire®.The Lawyer Millionaire bookListen to The Lawyer Millionaire Podcast: https://wurzfinancialservices.com/category/podcasts/ Connect with Darren on LinkedInThe Lawyer Millionaire on FacebookVisit Darren’s InstagramFind The Lawyer Millionaire on TwitterThe Lawyer Millionaire on TikTokVisit our website: www.wealthywomanlawyer.com Connect with us on InstagramJoin our free Facebook communityShow our sponsor, NoBull Marketing, some love.Schedule an appointment with NoBull Marketing.Reach out to Optimize My FirmVisit our sponsor- Gavel.io!

Note: Wealthy Woman Lawyer® may have an affiliate relationship with the podcast sponsors and be compensated for referrals.