Financial Therapy for Psychotherapists

Doing “your own work” is an industry gold standard for mental health professionals in private practice.

How often has your “work” been spent on your own relationship with money? 

how is your relationship with money impacting your effectiveness as a clinician?

Did your graduate training include a course titled: “Therapist-Self in Relationship to Money, Business and Client Outcomes?” If yours was anything like mine, it didn’t.

Having been the “client” in my financial psychology certificate training, I now know that my unexamined beliefs about money and wealth impacted my financial wellbeing and really guided my financial decision-making both in my personal life and in my business.

It’s been found that mental health professionals commonly hold negative beliefs about money and wealth, and that those beliefs lead to avoidant money behaviors - in their own lives, running their private practice - even in the therapy room.

Situations that Past therapist clients have shared:

• You want to go into private practice but you have no idea if it’s financially feasible for you.

• It’s difficult to charge for missed appointments, copays and/or you avoid talking about fees and payment.

• You’re in private practice and have a full client caseload and even with that it’s still challenging to make financial ends meet.

• You want to go off of insurance panels but it seems impossible, especially if you charge your hourly rate. Or even, what rate should you charge to begin with.

What is the Process?

First we will explore your money story. In this process you will identify your dominant, unconscious beliefs about money - known as money scripts. We will explore where they came from and how they were passed down generationally and are possibly manifesting in how you relate to your money and finances.

With that new insight, we will next look at problematic money-related behaviors, connect them to your identified money scripts and consider if they are positively serving you now or not. With this understanding, we then shift to behavior change and focus on developing new habits - of mind and how you “do” money. I offer support and guidance in that process as changing habits takes time and practice.

Understanding your own relationship with money creates clinical clarity - and boundaries. You will not only shift how you relate to your money, you will improve your client outcomes, and overall, it will make money a neutral topic, for you and for your clients. You’ll make meaning out of your money story through insight, awareness and application.

Cost: $175 per hour

One-Time Business Strategy Deep Dive

This service is for psychotherapists who want to schedule a one-time to consult about money and finances in their clinical practice.

This is an opportunity to take a deep dive into one or two situations that are catching you up in your work.

Common Issues that clinicians have covered during Strategy Conversations include:

• Desire to raise fees but there’s something blocking you.

• Going off of insurance panels - is it really possible?

• Determining a sustainable hourly rate from a business perspective.

• Considering opening a group practice with a colleague and you have different financial circumstances and backgrounds and are wondering how to navigate them.

Cost: $175 per hour

Upon scheduling an appointment, you will receive a pre-appointment form with specific questions about your situation so that when we meet, we can dig right in.