Money Skills for Therapists Podcast

Money can be stressful and confusing for therapists and health practitioners in private practice – dealing with all of our feelings and stories about it, understanding how to actually manage our business finances, and making money work for us in our lives can feel so daunting that many therapists just avoid dealing with money altogether. Join Linzy Bonham, therapist and creator of Money Skills for Therapists, as she demystifies all things private practice finances through short and sweet solo episodes, conversations with therapists who have transformed their relationships with money, and live coaching calls with Money Skills for Therapists students.

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    Picture of Hi I'm Linzy

    Hi I'm Linzy

    I’m a private practice therapist turned money coach, and the creator of Money Skills for Therapists. I help therapists and health practitioners in private practice feel calm and in control of their finances.

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    And be sure to tune in to our new Q&A episodes to hear thoughtful questions and insightful answers about money.

    Check out our latest episodes....

    The first step in understanding the jobs your money needs to do is to identify your non-negotiables — things like taxes, rent, software, utilities, and any other expenses that are essential for running your practice. Once you know what those are, you can start assigning clear values to each of them.

    Many practice owners find it helpful to open a few separate bank accounts — one for taxes, one for general business expenses, and one for payroll. Having those visual boundaries makes it easier to see where your money is going and to feel more organized and in control.

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    This the question Alyssa Zajdel has been trying to navigate recently as she was invited to speak at small, local organizations and a larger college group. As a graduate of the Money Skills for Therapists course, she’s confident with her 1:1 pricing and the financial management of her solo practice. However, getting invited to speak on stage to a bigger crowd requires an entirely different math equation and goals conversation.

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    While we often view bookkeepers as the magicians of our business finances, appreciating their attention to detail, their ability to categorize and match debits and credits, and for keeping our finances organized, there also exists the perception of a gap between the business owner’s and the bookkeeper’s knowledge of how money works. This lack of understanding can lead to miscommunications and underappreciation for the work that therapists or bookkeepers do.

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    If you feel like focus, organization, and impulsivity are some of your biggest challenges to managing your finances well, or that procrastination or avoidant behaviors sabotage your intentions with money, this episode will help ease the frustration.

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    Have you ever felt guilty for taking a break from work? Do you find it challenging to balance your creative pursuits with your professional responsibilities? If so, you’re not alone. Many therapists struggle with feelings of guilt or abandon if they take time away from their practice and worry that clients will need them while they’re gone or not come back to therapy once the vacation has ended.

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    Many of my students who identify as female also find themselves in a breadwinner role, which I’m going to say is probably not statistically the norm in general society, that the female partner of a hetero couple is the breadwinner. While this shift in dynamics is not only familiar to me, and a positive step towards gender equality, it can bring its own set of challenges and complexities. Relationships are challenging anyway, but when you add the layer of one person earning the Lionshare of the household income, honest and open communication about responsibilities, expectations, and goals between both partners becomes even more important.

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    Have you ever noticed how some people just seem to have an aura of positivity surrounding them? They exude high vibe energy that draws others in and seems to attract positive outcomes effortlessly. But what exactly is high vibe energy, and how can you harness it to improve your own life and well-being?

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    What does freedom really look like when you’re self-employed?

    In this episode, I’m joined by our incredible course coach Diane Webber, who is a financial therapist, private practice owner, and part of the Money Skills team.

    Together, we explore the highs and lows of self-employment and reflect on what it takes to build a business that actually supports your life.

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    What does it really mean to be free in your business, and in your life?

    In this episode, I talk with Jelisha Gatling, therapist and business coach, about the bold and brave steps she took to create the life she truly wanted. From leaving a group practice and starting over in private practice to moving abroad and unlearning the hustle culture she grew up in, Jelisha shares how she has found clarity in what freedom actually meant for her, and how she built a business to support it.

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    174: How to Plan for Your Future Self with James Alexander Episode Cover Image

    What does it really mean to play your own financial game?

    In today’s episode, I’m joined by James Alexander, a certified financial planner who brings both heart and math to the world of money. James and I explore the importance of defining your personal version of financial success, and we discuss why comparing yourself to others can pull you away from what actually matters to you.

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    Owning Your Power in a Shifting Therapy Landscape with Matt Cohen Episode Cover Image

    How do we protect the future of our profession in a rapidly evolving mental health landscape? In today’s episode, I sit down with Matt Cohen, founder of PlaySpace Health, who brings a unique perspective from the world of business and innovation into the therapy room.

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