When Life Happens - Debt

When Life Happens - Debt

It's an issue that we often face when coaching our clients. Spending, debt, and money shame is something many private practice owners face. Adding this topic to the series may seem a little counter-intuitive. But losing grasp on your financial management can happen to any of us whether it be from a crisis that arose or from sticking our head in the sand about the financial decisions we need to face in our daily lives. Mallory, LCSW shares her experience with debt, spending and variable income in private practice.

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How To Make Money As A Counselor

How To Make Money As A Counselor

Being a private practice coach has afforded me the opportunity to speak to many counselors, psychologists, therapists and other healers. It has only confirmed that there is no one way to serve the world with your talents and skills.

However, there are some necessary elements if you want to generate an income.

Why are we talking about money?

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Essential End of Year Private Practice Checklist

Essential End of Year Private Practice Checklist

We are coming to the end of the year. This is a wonderful time to assess, re-assess, get organized, and a make a great plan for next year. So today, we are going to share a checklist of items to assess. Most of these items could be a blog article by themselves, so for today we are just going to make one handy-dandy list as a starting point! 

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LIVE Mini Bootcamp: Week 2

Welcome to Lesson #2 on How to Set your Fee!. Here is what you need to do:

1) Watch the video

2) Calculate fee for current financial goals

3) Evaluate revenue streams and assess if they are viable for your financial goals (insurance companies

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Therapists & Taxes: Do This BEFORE December 31st!

Therapists & Taxes: Do This BEFORE December 31st!

We hear you. The last thing you want to think about while doing holiday shopping is paying taxes... especially since it might feel like taxes aren't something to think about until AFTER this year ends. 

However, as a business owner, the rules have changed. Actually, the rules have become more important! As you begin to make more of a profit in your business, the self-employment taxes REALLY start to add up. However, there are LOTS of ways to legally and ethically reduce the amount of taxes you owe. However, you only have until December 31st of this year to do it! 

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Financial Planning in Private Practice

Financial Planning in Private Practice

Maybe you have your tax planning, retirement, disability coverage and cash flow all figured out. But if you don't, this is for you. This is to encourage you to start learning, even in baby steps. I (Kelly) used to find this stuff intimidating. So I've reached out for support and every year, it gets better. I don't feel so fearful and I know what is currently going on in my business while I am reaching new personal and professional financial goals. 

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