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Therapy For Your Money
Welcome to Therapy for your Money, a podcast about all things money and finance for private practice owners! If you are ready to feel confident and in-control of your financial life, then you are in the right spot. Therapy for our Money is hosted by Julie Herres, the CEO and Founder of GreenOak Accounting. She and her firm specialize in working with private practice owners across the United States, and have assisted hundreds of private practices with increasing their financial stability and profitability. She is on a mission to share her best practices she's learned along the way through her successful career as an accountant, discusses financial topics with a wide variety of guests, and help her listeners make data driven decisions to help their businesses.
Therapy For Your Money
Episode 5: Stop Feeling Guilty About Making Money in Private Practice (with Tiffany McLain)
Therapists tend to be great with emotions, but are sometimes scared of money. Believe in your self-worth by not feeling guilty, but good when making money in private practice. It’s just as easy to have a profitable practice, as a not-profitable practice.
Today’s guest is Tiffany McLain, who is a creator, founder, and teacher at the Lean In MAKE BANK Academy. Tiffany talks about how private practice therapists can build both emotional and financial wealth.
Episode Highlights:
● Conversations and Conflict: Get comfortable or be uncomfortable talking about money
● Clarity/Desire: Know what’s needed to work less, make more; not work more, make less
● Big Picture Plan: Anticipate anxiety to dream big or settle for big disappointment
● Sliding Fee Scale: State your fee and then shut your mouth, don’t make excuses
● Therapists: Who feels guilty? Women, those of color and from blue-collar backgrounds
● Social, Political, and Family of Origin: Is permission necessary to charge confidently?
● Insurance Reimbursement Rates: Run practice and still have life of freedom, flexibility
● Foundational Aspects: Surround yourself with supportive people and invest for success
● Area of Genius: Learn from others before you and spend money to make money
Links and Resources: