Money Skills For Therapists

Money Skills For Therapists

Money can be stressful and confusing for therapists and health practitioners in private practice - dealing with all of our feelings and stories about it, understanding how to actually manage our business finances, and making money work for us in our lives can feel so daunting that many therapists just avoid dealing with money altogether. Join Linzy Bonham, therapist and creator of Money Skills for Therapists, as she demystifies all things private practice finances through short and sweet solo episodes, conversations with therapists who have transformed their relationships with money, and live coaching calls with Money Skills for Therapists students.

Episodes

September 27, 2023 34 mins

Have you considered how a fee-only financial planner could help you with your money strategies? Financial advisor Ryan Derousseau joins Linzy on the podcast and shares tips for bringing down your taxable income as well as strategies to make your practice more sustainable as you prepare for retirement.

Listen in to hear practical steps you can take today to financially benefit your business for years to come. Learn what makes a fee-o...

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How can mastery help you settle into your business? What can honing your niche do for your private practice? Listen in to hear Linzy and guest Ali Shapiro talk about why it's worth the time and effort it takes to work towards mastery and how slow, steady growth can be the most effective strategy.

Linzy and Ali discuss how the money stories we grow up with shape our business practices and how digging into those stories can help us ad...

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Have you wondered about when to take your business to the next level or when it's worth it in the US to become an S-corp? Linzy talks with Andrew Riesen of Heard, an all-in-one financial solution for therapists in private practice. They discuss a vital step all private practice owners should take when it comes to their business and how to take that step.

Andrew talks specifically about what it looks like to become an S-corp and the ...

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What does money mean to you, and how can it better serve you and your values? In this season six closer episode, the tables turn, and Maegan Megginson joins Linzy to interview her about what she has learned about money during her years working with therapists on their financial skills.

Maegan and Linzy discuss how the stories we tell ourselves about money profoundly affect our relationship with it, and how the emotional work we do w...

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What words come up for you when you think of money, and how do those words shape how you use money? Linzy and guest Cynthia Agyeman-Anane dive into how our core beliefs around money can shape the business decisions we make. Cynthia talks about her decision to transition into owning her own private practice and how her core beliefs around security and freedom impacted that decision.

Linzy and Cynthia discuss how what really matters i...

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What beliefs do you have that impact your view of yourself as a business owner? Linzy and guest Danielle Ritsema dig into Danielle's group practice numbers in this coaching session. They explore practical tips such as how to make sense of profit and loss statements and how to get all of the right numbers in one place so that more informed decisions can be made.

However, as the conversation pivots, Linzy and Danielle ultimately dig i...

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Have you considered how your own money stories impact your relationship with clients? Linzy talks with guest Wendy Wright about how our own money stories impact our therapeutic relationships and why digging into those stories is important. Wendy shares how money stories can show up within private practice and how understanding and navigating those stories can strengthen the work we do with clients.

Wendy and Linzy talk about the sha...

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How can looking at the big picture and thinking expansively lead to more financial freedom? In this coaching session, Linzy and Peter H. Addy dig into Peter's numbers and how to make his finances work by balancing his therapy work and his education work.

As Peter and Linzy explore the numbers, the conversation shifts to looking at the bigger picture and exploring what could be possible if Peter considers what he can do if he expands...

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How can therapists who are lacking resources help themselves get more resources through marketing? In this episode with Jenn Fredette, Jenn and Linzy dive into how marketing can help therapists find the best audience and expand in meaningful ways.

Jenn shares about how therapists can leverage skills like attuning to other people in a way to better reach and serve the audience best suited for the offerings. Jenn and Linzy dig into ho...

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How can building a personal brand expand your private practice? Returning guest Maegan Megginson talks with Linzy about the benefits of building a personal brand, why therapists are perfect for this kind of work, and why it's wise to begin building your personal brand before diversifying your offerings.

Listen in to hear Maegan and Linzy dig into what building a personal brand looks like and how it can revolutionize your business an...

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How do the taboos around money impact fee setting and our interactions with clients? How can culture and class impact our own attitudes and understandings of financial arrangements, and what can we do about it?

Guest Celeste Pietrusza talks with Linzy about the stories and messaging that impact our relationship with money as we move into therapy and private practice. Celeste shares the way that relationship with money directly influ...

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Have you considered how much your private practice fee needs to be to enable you not just to live, but to thrive? Linzy's guest Erin Gibb shares about the different ways that therapists often set their fees, and how focusing on thriving when setting your fee can help therapists avoid common pitfalls.

Erin explains the steps to figure out your thrive fee, and how to receive and manage the feelings and stories that arise with that num...

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Have you struggled with fear when making major changes in your business? How do your mind and body respond to taking professional risks, and what can you do with those feelings and stories that come up? 
 

In this coaching session, Caitlin Walsh shares about the emotions that have been coming up after her decision to change her business from an insurance-based practice to being a fee-for-service practice. Linzy talks with Caitlin abo...

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How do you assess and take the right risks when investing in your business? When is the right time to invest? Linzy and guest Kelley Stevens of Private Practice Pro dive into how investing in your business can significantly benefit your business and your life. Linzy and Kelley share the kinds of investments they've each made in their own businesses, and how to think strategically about making investments in your private practice or...

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How does embodiment play a role in your private practice and in your relationship with money?  How can connecting more fully within your body also help you connect with money? In the first episode of season six, Linzy talks with Megan Kelly, who shares about the significance of embodiment for private practice owners.

Linzy and Meg dig into how practicing embodiment when it comes to money can transform our relationship with it. By be...

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Do your group practice numbers work for you and your practitioners? In this episode, Linzy dives into the stressful reality that many group practice owners face when it comes to their group finances. Despite having built businesses with many successful aspects, many group practice owners do not know how to measure success because of a lack of confidence when it comes to the finances of the business. 

Linzy shares about what real fin...

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Do your group practice numbers work for you and your practitioners? In this episode, Linzy dives into the stressful reality that many group practice owners face when it comes to their group finances. Despite having built businesses with many successful aspects, many group practice owners do not know how to measure success because of a lack of confidence when it comes to the finances of the business. 

Linzy shares about what real fin...

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Do your group practice numbers work for you and your practitioners? In this episode, Linzy dives into the stressful reality that many group practice owners face when it comes to their group finances. Despite having built businesses with many successful aspects, many group practice owners do not know how to measure success because of a lack of confidence when it comes to the finances of the business. 

Linzy shares about what real fin...

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Do you know what you need to charge your private practice clients to make your finances work? Are there obstacles preventing you from making the changes that you need to make?  Tiffany McLain talks with Linzy about why raising fees is essential, and she shares about all of the work that must be done to bring about those changes for therapists in private practice.

Tiffany and Linzy examine why both discussing and increasing fees is s...

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Do you struggle to charge full fees for your therapy sessions? In this coaching session, Linzy and Brittany dig into the stories that come up around setting and implementing full fees for therapy clients in private practice.

Brittany shares what comes up for her and the obstacles that she faces when trying to charge full fees, and Linzy and Brittany work together to come up with practical ways to address those obstacles. Brittany an...

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