Episode 4: Money Mindset Real Talk: None Of That "Charge What You're Worth Shit
Therapists tend to struggle with money, setting rates, and understanding the value of what they offer. Hey... We never had business training, so it makes sense.
How many times have you answered a phone call from a potential client and said, "My rate is 150, but my sliding scale is 30-150?" Your own anxiety caused you to immediately offer a sliding scale without being asked for one.
The mental health profession is crucial, necessary, and undervalued. We as a profession tend to be our own worst enemies when understanding the value that we offer.
We all have our own money traumas, fears, cultural narratives...
As a therapist and entrepreneur who used to have a GIGANTIC gambling addiction, money has always been triggering.
Whether you are saying...
- You don't deserve to make money
- You don't get into this field to make money
- Talking about money makes me uncomfortable
- Charging money goes against my values
If you're a licensed therapist, then you have...
- At least a masters degree
- Thousands of hours towards your licensure
- Continuing ed hours
- Student loan debt
- Thousands of supervision hours
Yet you still can't understand that your time is valuable. We don't charge for 60-minute increments of our time. We charge for the transformation.
If you're still reading this, ask yourself how much you spend on your own self-care and what it does for you?
Most people say something like "I spend $100/week on a massage + tip."
- It makes me feel relaxed
- It's my me-time
- It's self-care
- It helps with pain and anxiety
As therapists, we offer ^^^ and muchhhhhhhhhhhhh more.
Let's start to understand that we are allowed to charge fees, enforce cancellations and no-shows, and more importantly, MAKE MONEY AND HELP PEOPLE SIMULTANEOUSLY!
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Thanks to Our Sponsor: The Receptionist for iPad!
Thanks to The Receptionist for iPad for sponsoring this episode.
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Mentioned in this episode:
The Receptionist for iPad
The Receptionist for iPad is a HIPAA-ready digital check-in system that eliminates the need to walk back and forth from your office to the waiting room to see if your next appointment has arrived. Clients or patients can check in for their appointments, and you'll be immediately notified by text, email, or your preferred channel. Break free from interruptions and make the most of your time, because it is valuable. Start a free 14-day trial of the Receptionist for iPad by going to https://thereceptionist.com/privatepractice. Make sure to start your trial with that link to get your first month free if you decide to sign up.
