Money Skills For Therapists Linzy Bonham

How much should you set aside for taxes? In this episode of Feelings and Finances, team member Christelle asks Linzy about a common question that many Money Skills for Therapists participants ask.

Linzy dives into how to make sense of your business numbers so that you can set aside enough for taxes without setting aside way too much. She breaks down how to determine that number and dispels common misconceptions about how income taxes work. If you’re looking for more support around setting aside enough for taxes, check out the workshop linked below.

How can we seize opportunities to grow our businesses? In this coaching session, Linzy talks with guest Aleta Storch about ways to grow our business and to move in the direction of what gives us energy. Aleta shares that she is interested in growing her membership program, Neurished, so that it can be a bigger focus in her business, but she is struggling with how to move toward that goal while also balancing her one-on-one sessions and managing business costs.

Linzy and Aleta talk about how to utilize aspects of Aleta’s business that she already has in place to grow that membership program. Listen in to hear practical strategies that you can use to strengthen your own business through offering more opportunities to your core community.

What should you consider when seeking a financial advisor? How can you pivot when you're already with a sales-based company? In this new mini series, Linzy takes listener questions and answers them in the Feelings and Finances episodes that come out on Fridays.

Today, Linzy takes a question from Money Skills for Therapists team member Ashley and talks about when it is worth it to make a move with investments and how to take steps toward that move.

Have a question for Linzy?

You can easily submit your question to Linzy on a voice recording. Go to the podcast page on our website and click the “Start recording” button. https://moneynutsandbolts.com/podcast/

Follow the prompts to record your question. When you finish your recording, enter your name and email to submit the recording. You can also submit your question directly to Linzy’s SpeakPipe inbox: https://www.speakpipe.com/MoneySkillsForTherapists

How do our first experiences with money and business shape who we become? In celebration of the 100th episode of the podcast, Linzy is joined by her business besties Tiffany McLain and Maegan Megginson, and they dive into their own origin stories when it comes to early perspectives on money, business, and entrepreneurship.

Check out this behind-the-scenes conversation as Linzy, Tiffany, and Maegan examine how their childhoods shape who they are today. They also share about how they consciously run their own businesses and what they hope to put out into the world through those businesses. Do not miss this inspiring, intimate conversation about what business can look like when we approach entrepreneurship with empathy, compassion, and balance.

Are you looking for ways to save time with your clinical notes? Linzy talks with guest Maria Szandrach, founder of Mentalyc, about how therapists can use Mentalyc to simplify their clinical notes with the support of AI. Maria shares how Mentalyc leverages AI to generate accurate, organized clinical notes that comply with insurance standards and HIPAA standards.

Linzy and Maria dig into how to assess the return on investment of tools like Mentalyc, and they discuss the benefit of saving time on tasks like clinical notes. Maria talks about both the tangible and intangible benefits of using Mentalyc to simplify note taking while maintaining privacy and protecting client information. 

Is your client schedule working for you? In today's coaching session, Linzy talks with listener Margaret Pendergrass, and they dive into how Margaret’s business could better support her. Linzy and Margaret discuss how a more predictable schedule and clearer boundaries could better serve her needs.

Margaret shares that she has reached her goals for her new solo private practice quite quickly, but as she’s considering next steps, she realizes there are areas that could be improved. Linzy and Margaret talk about how our work needs to support our life, and Margaret identifies that her schedule, which needs to change often because of her daughter’s illness, is a source of friction for her. Listen in to hear practical guidance on boundary setting when it comes to your schedule.