Money Skills For Therapists Linzy Bonham

What happens when your finances get more complex? How can you simplify your systems to make sure you understand what your money is doing? In this coaching session, Linzy talks with Amanda Starfield who has recently transitioned to S-corp status with her business, and Linzy and Amanda work together to make sense of the new numbers.

Amanda is using Profit First for her finances, but when the business gained S-corp status, the method she was using became much more layered and complex, and it was no longer easy to make sense of where the money needed to go. Linzy and Amanda work together to make sense of the new numbers and to simplify the system that Amanda is using so that she can clearly see the numbers that matter most.

How do you handle emotions that come up around money? As guest David Frank and Linzy discuss, instead of avoiding or combatting the emotions that come up around money, working with our emotions can strengthen our financial success. David, a financial planner who works with therapists, shares that focusing on our emotional responses to money and using those emotions as a way to strengthen our financial plans can be beneficial.

Have you considered how to partner with organizations to serve populations you love while still supporting yourself financially? Linzy talks with Dr. Omolara Uwemedimo who specializes in helping therapists create profitable practice partnerships that better serve communities without sacrificing the therapist's wellbeing.

Dr. Omolara and Linzy dive into the world of partnerships and how those opportunities can make it possible for therapists to serve underrepresented populations without having to sacrifice their own financial wellbeing. These partnerships can make it possible to grow your impact while working within your passion area. Listen in to discover the opportunities that exist beyond one on one sessions.

How can you better support your clients financially while still taking care of your own financial needs? Linzy talks with guest Christine Li, founder of Mentaya, who shares about the out-of-network benefits that many clients could access when attending therapy sessions with therapists who don't take their insurance. Christine shares that many therapy clients are missing out on little known insurance benefits that could save them money for each session even if they work with therapists who do not take their insurance.

For therapists and therapy clients, Mentaya is a provider that can bridge the gap with insurance to help clients quickly and easily access coverage. Mentaya also provides a tool for therapists that can immediately tell them what kind of coverage a potential client has so that the client can have a realistic picture of what the therapy will ultimately cost. Listen in to learn more about how therapists can easily help clients take advantage of this benefit.

How quickly are you getting new clients in for consultations? What does the onboarding process look like for a new client? Linzy's guest Nicole McCance explores common problems group and solo practitioners have when onboarding new clients, and Nicole provides actionable solutions for how to address those problems.

Nicole and Linzy discuss the fact that while marketing is important, if you have problems in your client onboarding process, you can miss out on more profit and more clients. Listen in to hear specific tips from Nicole about steps you can take today to increase your profitability and to help more people.

How can your website better serve your private practice business? Guest Samantha Mabe talks about the importance of having a website presence and the essential components of websites for health practitioners in private practice.

Listen in to hear practical tips about how to design and analyze your website to make sure it is working for you. Samantha also shares about costs and expectations for practitioners looking for support with website creation.