Asset Protection & Money Mindset

Legal + Wealthy is a podcast for lawyers and law students who want to build wealth by changing the way they think about money, success, and their careers. Hosted by estate planning attorney, mindset coach for lawyers and professor Lauren Klein, the show explores the mindset shifts that help lawyers move from stress and scarcity into confidence with money, entrepreneurship, and long term financial security.

Individual Podcast Description

In this episode, Lauren Klein sits down with CFP Bob Furlong to explore what financial health truly means for legal professionals — from mindset and cash flow to asset protection and income growth. Bob is a Wealth Management Advisor with The Bulfinch Group, specializing in asset protection, wealth accumulation, and comprehensive financial planning for attorneys, business owners, and families. He holds a Certified Exit Planner designation. Bob shares a relationship-driven framework that goes far beyond investment management, helping lawyers build the guardrails they need to protect their finances, their families, and their futures.

Show Notes:

[00:02:59] – [00:11:59] Welcome, Introduction and Bob’s Story. Bob shares how navigating a business failure during the 2008 financial crisis shaped his entire approach to advising clients.

[00:12:00] – [00:22:13] The Emotional Barriers High Earners Face with Money & Exposure Risks. Bob addresses the emotional dimension of money is often the first and most important step toward real financial progress. Bob walks through why high-earning lawyers are often underinsured and under-protected, and how a comprehensive financial review can reveal critical gaps.

[00:22:14] – [00:25:29] Cash Flow, Spending Plans & Automating Savings. Bob shares how simple automation strategies can produce surprising results even for seasoned professionals.

[00:25:30] – [00:34:00] The Three Income Levers for Law Firm Owners. Bob uses a candid client story to illustrate how lawyers often resist raising rates even when it’s financially necessary.

[00:34:00] – [00:41:30] Incremental Savings & The Power of Compounding Behavior. Bob explains how celebrating incremental wins builds momentum and keeps clients motivated to keep improving. The goal isn’t perfection; it’s consistent, systematic movement in the right direction.

[00:43:06] – [00:52:27] Thinking & Living Uncommonly. Closing statements and how having a curated team of advisors can make a big difference.

Don’t forget to follow Lauren Klein on Instagram @legalandwealthy and Subscribe to the Legal + Wealthy Podcast: podcast.laurenalexisklein.com

Guest: Bob Furlong, CFP.