Some processes seem so esoteric in nature that we can become paralyzed when we are forced to deal with them. It’s important to fight through the obscurity and get an answer. I guess that’s the point of educating yourself on anything, right? You attempt to gain knowledge so a situation becomes easier or safer. For instance, I find the process of paying a lawyer to be very confusing.
A lawyer can earn a fixed fee, a monthly retainer, a deposited retainer, and/or a contingency fee. The differences between these forms of compensation are vast. I wanted to learn more, so I explored the topic on The Pete the Planner Radio Show. Attorney Jim Reed joined me to discuss how lawyers get paid.
Peter Dunn a.k.a. Pete the Planner® is an award-winning financial mind and a former comedian. He’s a USA TODAY columnist, author of ten books, and is the host of the popular radio show and podcast, The Pete the Planner Show. Pete is considered one of the foremost experts on financial wellness in the world, but he’s just as likely to talk your ear off about bass fishing.