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 23, 2025 31 mins

While we often view bookkeepers as the magicians of our business finances, appreciating their attention to detail, their ability to categorize and match debits and credits, and for keeping our finances organized, there also exists the perception of a gap between the business owner’s and the bookkeeper’s knowledge of how money works. This lack of understanding can lead to miscommunications and underappreciation for the work that the...

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    If you feel like focus, organization, and impulsivity are some of your biggest challenges to managing your finances well, or that procrastination or avoidant behaviors sabotage your intentions with money, this episode will help ease the frustration.  

    A rising topic of conversation among women in their 30s, 40s, and sometimes 50s, is the late diagnosis of or realization that they may have ADD. Since ADD doesn’t present the...

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    Have you ever felt guilty for taking a break from work? Do you find it challenging to balance your creative pursuits with your professional responsibilities? If so, you're not alone. Many therapists struggle with feelings of guilt or abandon if they take time away from their practice and worry that clients will need them while they’re gone or not come back to therapy once the vacation has ended.  

    Edgar Fabián Frías, LMFT,...

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    It's becoming increasingly common for me to work with therapy practice owners who are the primary breadwinner and/or a female in a hetero relationship. While this shift in dynamics is not only familiar to be, and a positive step towards gender equality, it can also bring its own set of challenges and complexities. 

    Relationships are challenging anyway, but when you add the layer of one person earning the Lionshare of the househ...

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    Have you ever noticed how some people just seem to have an aura of positivity surrounding them? They exude high vibe energy that draws others in and seems to attract positive outcomes effortlessly. But what exactly is high vibe energy, and how can you harness it to improve your own life and well-being? 

    While we typically stick to more tactile, practical, or even straightforward financial topics to help you grow your practice, ...

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    How can you feel better prepared for the financial curveballs life can throw your way?

    In this episode, I’m joined once again by certified financial planner Dave Frank to talk about one of the most fundamental, and often overlooked, aspects of financial wellness: buffers. We dive into the emotional and practical sides of creating buffers in your business and personal life, and why this matters more than ever in a world that’s increa...

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    What does freedom really look like when you’re self-employed?

    In this episode, I’m joined by our incredible course coach Diane Webber, who is a financial therapist, private practice owner, and part of the Money Skills team. 

    Together, we explore the highs and lows of self-employment and reflect on what it takes to build a business that actually supports your life. From midweek trips to Sam’s Club to caregiving for both parents a...

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    In this episode…

    What does it really mean to be free in your business, and in your life?

    In this episode, I talk with Jelisha Gatling, therapist and business coach, about the bold and brave steps she took to create the life she truly wanted. From leaving a group practice and starting over in private practice to moving abroad and unlearning the hustle culture she grew up in, Jelisha shares how she has found clarity in what freedom act...

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    What does it really mean to play your own financial game?

    In today’s episode, I’m joined by James Alexander, a certified financial planner who brings both heart and math to the world of money. James and I explore the importance of defining your personal version of financial success, and we discuss why comparing yourself to others can pull you away from what actually matters to you.

    We talk about how to start with your values and vis...

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    How do we protect the future of our profession in a rapidly evolving mental health landscape?

    In today’s episode, I sit down with Matt Cohen, founder of PlaySpace Health, who brings a unique perspective from the world of business and innovation into the therapy room. Matt shares how his company is helping therapists reimagine engagement with young and neurodivergent clients, both virtually and in person, and what it means to build t...

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    Are you caught in the loop of thinking you need to learn just a little more before you take action — or feeling totally stuck when it comes to choosing the right tools for your practice?

    In this full-length Feelings and Finances episode, I’m answering two powerful questions from therapists working through real-life challenges. Edgar, a Money Skills for Therapists grad, shares their story of moving from insurance to a successful cash...

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    Are you building a group practice but feeling stuck in the weeds of day-to-day operations?

    In this episode, I sit down with returning guest Nicole McCance to walk through her five-step framework for scaling a group practice—from solo practitioner to a thriving business that runs without you. Nicole shares the foundational systems she used to grow her practice to 55 clinicians and multiple seven figures while parenting toddler twins,...

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    What does it really take to talk about money with your partner—without shutting down, spiraling, or avoiding the conversation altogether?

    In this episode, I sit down with Ed Coambs, a financial therapist and former firefighter who brings a unique blend of skills to the world of financial planning and couples therapy. We dive deep into the concept of financial intimacy—what it is, why it’s so hard to cultivate, and how your upbringin...

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    How can you protect your practice in a mental health tech landscape that doesn’t always have your best interests at heart? In this episode, I’m joined by Megan Cornish, a social worker turned writer, for a powerful conversation about the realities therapists face when working with large mental health platforms. 

    Megan shares her own journey out of community mental health and into writing, and together we dig into how these plat...

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    Are you drowning in admin tasks and unsure how to get the help you need?

    In this week’s episode, I’m joined by Jessica Beagan, a virtual assistant who specializes in supporting therapists. Jess brings her perspective from the other side of the VA relationship to help us understand what support can look like, how to delegate effectively, and how to build trust with a VA even if you’ve never delegated before.

    We talk about the real emo...

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    Have you ever wondered if there’s a way to use your money to make real, tangible change in the world? In this episode, I sit down with angel investor and author Marcia Dawood to explore the risks and rewards of angel investing. We look at what it is and how it’s becoming more accessible to everyday people like you and me.

    Marcia shares about how angel investing works, what makes it different from traditional investing, and how it ca...

    Are you ready to take control of your finances and build a business that works for you? In today’s episode, I’m thrilled to have Mike Michalowicz, creator of Profit First, joining me on the podcast. We dive deep into the key misconceptions about Profit First, especially in the therapy space, and we explore how understanding profit differently can make a huge impact on your business and well-being.

    Mike and I discuss how the Profit F...

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    Are you unsure how to balance insurance with private pay in your private practice? In today’s Feelings and Finances episode, Linzy answers a question from Katie, who is exploring how to make insurance work for her while avoiding overworking herself in private practice. Katie is seeking clarity on whether it’s possible to take insurance and still build a financially sustainable practice without overloading her schedule.

    Linzy dives i...

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    How do you heal your relationship with money and shift your mindset around finances? In today’s episode, Linzy sits down with Bari Tessler, a financial therapist and the author of The Art of Money, to explore the emotional and somatic aspects of financial healing. Bari shares her decades of experience working with clients to shift their money stories and provides actionable insights on how to approach money with clarity, presence, ...

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    What financial protections do you need when you own your own private practice? In today’s Feelings and Finances episode, Linzy answers a question from Katie, a therapist transitioning to full-time private practice. Katie is wondering whether she should focus on building an emergency savings fund or invest in disability insurance, especially since she’s the provider in her family.

    Linzy discusses the importance of understanding your ...

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