Money Skills For Therapists

210: Practical Math for Therapists: Is Your Marketing Working?

There’s a particular kind of stress that comes with spending a large amount of money on your practice while not fully knowing if it’s paying off yet. In today’s coaching session, I’m joined by Dana Corr—a graduate of the Money Skills for Group Practice Owners program—to explore what it means to be in an investment period inside a private practice. Together, we unpack the tension between trusting the growth process and needing concrete data, especially when it comes to marketing expenses like Google Ads and agency support. Ready to feel more calm and confident about your money? Do you feel confused, ashamed, or uncertain about your finances? Are you craving support to help shift your money mindset and transform your relationship with money? Are you ready to gain practical tools and the confidence you need to finally take control of your business finances? If so, I’d love for you to join me for one of my free online workshops, designed specifically for private practice owners who feel stuck—whether it’s mindset blocks, avoidance, or the technical side of managing money. In just one hour together, you’ll gain clarity, practical strategies, and next steps to move forward with intention. Click here to explore upcoming workshops and save your spot or register to get the replay.Moving From “Financial Vibes” to Actual ROI Data A major theme in our conversation is the difference between feeling like something is working and actually being able to measure its impact. More inquiries alone don’t necessarily tell you whether your marketing spend is producing sustainable growth. What creates clarity is understanding the full path from inquiry to retained client: where leads are coming from, how many are converting, how long they stay, and what revenue they ultimately generate. Dana and I talk about how easy it is for money to quietly leak out through weak follow-up systems, unclear attribution, or poor-fit leads. Tracking these numbers doesn’t just support better decision-making—it also reduces anxiety. The more visible your data becomes, the less you have to rely on guesswork or gut feelings when evaluating investments in your practice. Building the Kind of Clarity That Supports Growth Investment periods often require a different level of leadership because they involve spending money now in hopes of creating future stability and expansion. (00:05:11) Discussing bank building purchase (00:08:26) Working with an ad agency (00:10:26) Understanding ROI in advertising (00:15:01) Clarifying marketing attribution strategies (00:16:37) Tracking client conversions and retention (00:21:02) Getting clients to answer calls (00:26:32) Analyzing ad performance with data (00:30:43) Evaluating advertising return rates (00:34:34) Analyzing ad spend effectiveness Financial Leadership Often Starts with Better Questions One of the shifts in this conversation is moving away from passively hoping a marketing strategy works and toward actively understanding the numbers behind it. That might mean asking harder questions, requesting clearer reporting from vendors, or building systems that help you track conversion and retention more accurately over time. The goal isn’t perfect certainty. It’s developing enough financial clarity to make decisions from a grounded place instead of from panic or ambiguity. About Linzy Bonham: Linzy Bonham is a therapist turned money coach who helps private practice owners and health professionals feel calm, confident, and in control of their finances through her podcast, free workshops and comprehensive programs: Money Skills for Therapists and Money Skills for Group Practice Owners. It all started when she saw her extremely skilled colleagues struggle with the money side of business. Some had even left private practice, or were avoiding starting one, because managing finances was just too stressful. So Linzy set out to support helpers and healers with developing peace of mind about their money. Since so many were never taught money skills, she focuses on the “how” of making the business side of private practice doable — and even super satisfying. Follow Linzy Bonham: About Page: https://moneyskillsfortherapists.com/about LinkedIn: https://www.linkedin.com/in/linzybonham/ Instagram: https://www.instagram.com/moneyskillsfortherapists/ About Dana Corr and Valley Art Therapy: Dana Corr is a Canadian Certified Counsellor, Registered Canadian Art Therapist, and Somatic Experiencing Practitioner, and the owner/director of Valley Art Therapy, a group practice based in rural Manitoba. She has grown the practice from a solo caseload into a multi-location team, navigating the realities of building and leading a business in a small community. Valley Art Therapy is a trauma-focused practice grounded in healing beyond words alone, integrating approaches like art and play-based therapy, somatic work, and EMDR. The practice is committed to increasing access to care in rural communities through multiple locations and strong community partnerships, while also creating a model of care that supports clinicians in doing meaningful, sustainable work. Connect with Dana & Valley Art Therapy: Website: valleyarttherapy.com Instagram: @valleyarttherapy Facebook: @valleyarttherapy

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209: Rethinking Debt: Turning Financial Burdens Into Neutral Tools for Private Practice Success

2w ago00:19:01Tap to summarize

Debt carries a huge emotional weight for many therapists. It’s easy to look at student loans, credit cards, or even a mortgage and interpret them as evidence that you’ve done something wrong or fallen behind financially.Explore the idea with me that debt is not a moral issue—it’s a financial tool. The more clearly you understand both the emotional meaning and the actual cost of debt, the easier it becomes to make grounded, strategic decisions about your finances instead of reacting from shame or panic.Download our Debt Payment Calculator, and use this free tool to zoom out on your debts, be curious about the cost of them, and explore the different ways you can manage and pay down your debts so that you can move forward in your business (and your life) with more lightness and ease.Ready to feel more calm and confident about your money? Do you feel confused, ashamed, or uncertain about your finances? Are you craving support to help shift your money mindset and transform your relationship with money?Are you ready to gain practical tools and the confidence you need to finally take control of your business finances?If so, I’d love for you to join me for one of my free online workshops, designed specifically for private practice owners who feel stuck—whether it’s mindset blocks, avoidance, or the technical side of managing money.In just one hour together, you’ll gain clarity, practical strategies, and next steps to move forward with intention.Click here to explore upcoming workshops and save your spot or register to get the replay.Separating the Numbers from the Shame Different types of debt tend to trigger very different emotional reactions. Having a mortgage is often framed as being responsible or successful, while credit card debt can bring up feelings of guilt or embarrassment, and student loans often hold a complicated mix of gratitude, frustration, resentment, or pride.It's important to recognize that these feelings are emotional interpretations—not objective truths about your worth or capability. Debt itself is neutral. It’s simply a financial tool that allows you to access opportunities, resources, or necessities when cash isn’t immediately available.Breaking down a debt to understand its true financial impact – including interest, repayment timelines, and opportunity cost – can replace uncertainty and overwhelm with clarity, helping you make more informed choices.Creating More Space for Intentional Financial Choices When you begin to see debt as a financial reality that can be planned over time, rather than treating it like a constant emergency, it becomes less stressful.(00:05:30) Exploring feelings about different debts(00:08:02) Evaluating the cost of debt(00:13:51) Using the debt calculator tool(00:15:56) Using money and debt wiselySeeing Debt in a Way That Supports Your Life There isn’t a “correct” way to approach debt repayment. Some seasons call for aggressive payoff strategies, while others require more flexibility, stability, or quality of life.What matters most is understanding your options clearly enough to make decisions that reflect your actual values instead of reacting from fear or perfectionism. Debt may come with tradeoffs, but it does not determine your character—and it doesn’t have to prevent you from building a financially healthy life.About Linzy Bonham:Linzy Bonham is a therapist turned money coach who helps private practice owners and health professionals feel calm, confident, and in control of their finances through her podcast, free workshops and comprehensive programs: Money Skills for Therapists and Money Skills for Group Practice Owners.It all started when she saw her extremely skilled colleagues struggle with the money side of business. Some had even left private practice, or were avoiding starting one, because managing finances was just too stressful.So Linzy set out to support helpers and healers with developing peace of mind about their money. Since so many were never taught money skills, she focuses on the “how” of making the business side of private practice doable — and even super satisfying.Follow Linzy Bonham:About Page: https://moneyskillsfortherapists.com/aboutLinkedIn: https://www.linkedin.com/in/linzybonham/Instagram: https://www.instagram.com/moneyskillsfortherapists/

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208: How Clinical Supervision Can Boost Your Practice’s Financial Stability

3w ago00:28:28Tap to summarize

There’s a point in private practice where the question shifts from “How do I fill my caseload?” to “How do I keep this sustainable?” In this conversation, I’m joined by Kayla Das—a social worker, business coach, and host of the Designer Practice podcast—to explore how clinical supervision and consultation can become a supportive, meaningful addition to your work. Ready to feel more calm and confident about your money? Do you feel confused, ashamed, or uncertain about your finances? Are you craving support to help shift your money mindset and transform your relationship with money? Are you ready to gain practical tools and the confidence you need to finally take control of your business finances? If so, I’d love for you to join me for one of my free online workshops, designed specifically for private practice owners who feel stuck—whether it’s mindset blocks, avoidance, or the technical side of managing money. In just one hour together, you’ll gain clarity, practical strategies, and next steps to move forward with intention. Click here to explore upcoming workshops and save your spot or register to get the replay. Using Supervision to Support Both Income and Energy Adding a supervision tier to your offers can create a different kind of steadiness in your practice—bringing in additional income while shifting the emotional intensity of your week. For many therapists, this work draws on existing skills in a way that feels more spacious and sustainable over time. Structuring supervision in group or dyadic formats can also increase income potential while creating a collaborative learning environment. Pricing tends to feel more grounded when it’s tied to your actual needs, while still honoring accessibility where it matters to you. When your services are clearly communicated and easy to find, it becomes much easier to connect with therapists who are actively looking for this kind of support. Noticing Where Expansion Already Wants to Happen There’s often a natural pull in practice toward work that feels both meaningful and sustainable—these moments tend to point toward what’s ready to grow. (00:04:46) Adding income through clinical supervision (00:07:29) Balancing therapy and supervision roles (00:12:13) Determining pricing for counseling services (00:16:05) Impact of specialized consultants (00:18:13) Promoting posts in therapist groups (00:20:39) Launching a Canadian therapist directory (00:25:07) Adding clinical consultation to therapy A More Sustainable Way to Use Your Therapy Practice Management Skills Consulting for other therapists creates space to use your expertise in a way that can feel more balanced alongside clinical work. Adding a role like this diversifies your income and the way your energy is applied, because of this new B2b (business to business) opportunity. When structured intentionally, this work can support both your financial goals and your long-term sustainability. It’s often less about adding something new, and more about allowing your practice to evolve in a way that supports you too. About Linzy Bonham: Linzy Bonham is a private practice therapist turned money coach who helps private practice owners and health professionals feel calm and in control of their finances through her coaching at Money Skills for Therapists and her podcast Money Skills for Therapists. It all started when she saw her extremely skilled colleagues struggle with the money side of business. Some had even left private practice, or were avoiding starting one, because the financial side was too stressful. So Linzy decided to help therapists and health professionals develop peace of mind about their money. Since so many were never taught these skills, she focuses on the “how” of making the business side of private practice doable, and even super satisfying. Follow Linzy Bonham: About Page: https://moneyskillsfortherapists.com/about LinkedIn: https://www.linkedin.com/in/linzybonham/ Instagram: https://www.instagram.com/moneyskillsfortherapists/ About Kayla Das: Kayla Das is a social worker based in Edmonton, Alberta, and a business coach who supports therapists and clinical supervisors in building sustainable, diversified practices. Drawing from her own experience navigating the challenges of finding quality supervision, she now focuses on helping clinicians connect, grow their skills, and explore additional income streams beyond traditional therapy. Kayla is especially passionate about clinical supervision as a way to give back to the profession while creating more financial stability and flexibility. Connect with Kayla: Website: https://kayladas.com/ Email: info@kayladas.com Facebook: https://www.facebook.com/Evaspare Instagram: https://www.instagram.com/kayla.das/ LinkedIn: https://www.linkedin.com/in/kayla-das-bsw-msw-rsw-202b87202/ Designer Practice Podcast: https://kayladas.com/designer-practice-podcast/ Canadian Clinical Supervision Directory: https://canadianclinicalsupervision.ca/ American Clinical Supervisor Therapist Directory: https://americanclinicalsupervisor.com/

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207: Letting Go of Control: Creating a Calmer Path to a Fulfilling Private Practice

4w ago00:46:22Tap to summarize

There’s a kind of stuckness that can show up even when everything looks “ready” on paper—the numbers work, the plan is there, and yet the decision still feels hard to make. I see this a lot when therapists are considering the move from W2 work into full-time private practice. In my coaching conversation with Dr. Amber Vernon, a recent grad of the Money Skills for Therapists program, we explore what happens when the hesitation isn’t about money skills or financial planning—but something deeper. Even when the path looks clear, there can still be a sense of activation, doubt, or what she calls “squirreliness” that makes it hard to move forward. Ready to feel more calm and confident about your money? Do you feel confused, ashamed, or uncertain about your finances? Are you craving support to help shift your money mindset and transform your relationship with money? Are you ready to gain practical tools and the confidence you need to finally take control of your business finances? If so, I’d love for you to join me for one of my free online workshops, designed specifically for private practice owners who feel stuck—whether it’s mindset blocks, avoidance, or the technical side of managing money. In just one hour together, you’ll gain clarity, practical strategies, and next steps to move forward with intention. Click here to explore upcoming workshops and save your spot or register to get the replay. When the Numbers Make Sense but the Decision Still Feels Hard Sometimes the stuckness isn’t about strategy—it’s about what the decision represents. You can have the income stability, the emergency fund, the private practice already working… and still feel a pull to stay where things feel more predictable. What I see here is how control, perfectionism, and financial anxiety can keep you circling even when you’re ready. When your nervous system is activated, it can start to question everything—your plan, your niche, even the sustainability of your therapy business. And at that point, more data doesn’t help. That “squirreliness” isn’t a sign that you’re doing something wrong—it’s more often a sign that you’re stepping into something unfamiliar. Moving Through Uncertainty When You’re Already “Ready” Even when the financial planning and logistics are in place, the decision can still feel unsettled—especially when control, identity, and uncertainty are all in the mix. (00:04:59) Deciding on career transition (00:07:28) Discussing work challenges and options (00:12:48) Avoiding future decisions now (00:15:39) Navigating personal decision impacts (00:25:54) Overcoming fear to take action (00:26:51) Assessing current intellectual interests (00:30:44) Choosing work that excites you (00:35:18) Exploring varied career paths (00:36:37) Deciding when to move on (00:40:21) Reflecting on chaotic energy (00:43:01) Embracing diverse skills and strategies Letting Your Path Be More Flexible Than You Expected One of the shifts in this conversation is moving away from the idea that there’s one “right” version of private practice. For some therapists, the goal isn’t a single, fixed path—it’s building a career that allows for variety, different income streams, and evolving interests. When you’re good at a lot of things, decision-making can feel harder, not easier. But that doesn’t mean you’re off track—it just means your path might be more flexible than you expected. Instead of waiting until everything feels certain, you can start by taking small steps, testing what feels energizing, and letting that guide your next move. You don’t have to figure out your entire career transition all at once—you just have to stay in motion long enough to learn what actually fits. About Amber Vernon: Dr. Amber Vernon is a police psychologist who has worked with various public safety agencies in Virginia for over 10 years. Her service encompasses academy-based training, subject matter expert instruction, employment-related evaluation, wellness visits, professional consultation, and critical incident response. Dr. Vernon is passionate about building (and maintaining) bridges between people, experiences, and disciplines. She is known for working collaboratively to identify questions, develop useful answers, and provide clear and action-oriented next steps. Connect with Amber: Website: www.vernonpsyd.com Get to Know Linzy Bonham: Linzy Bonham is a private practice therapist turned money coach who helps private practice owners and health professionals feel calm and in control of their finances through her coaching at Money Skills For Therapists and her podcast Money Skills for Therapists. It all started when she saw her extremely skilled colleagues struggle with the money side of business. Some had even left private practice, or were avoiding starting one, because the financial side was too stressful. So Linzy decided to help therapists and health professionals develop peace of mind about their money. Since so many were never taught these skills, she focuses on the “how” of making the business side of private practice doable, and even super satisfying. Follow Linzy Bonham: About Page: https://moneyskillsfortherapists.com/about/ LinkedIn: https://www.linkedin.com/in/linzybonham/ Instagram: https://www.instagram.com/moneyskillsfortherapists/

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206: A Practical Approach for Raising Fees (While Honoring the Client Relationship)

Apr 2800:18:37Tap to summarize

Raising your fees can bring up a surprising amount of tension, especially when you care deeply about your clients and the relationship you’ve built. It’s not just about numbers; it touches values, identity, and how you hold boundaries in your work.In this episode, I’ll walk you through a way to approach fee increases that’s grounded in your actual financial needs, while still staying connected to the kind of therapist you want to be.Ready to feel more calm and confident about your money?Do you feel confused, ashamed, or uncertain about your finances? Are you craving support to help shift your money mindset and transform your relationship with money?Are you ready to gain practical tools and the confidence you need to finally take control of your business finances?If so, I’d love for you to join me for one of my free online workshops, designed specifically for private practice owners who feel stuck—whether it’s mindset blocks, avoidance, or the technical side of managing money.In just one hour together, you’ll gain clarity, practical strategies, and next steps to move forward with intention.Click here to explore upcoming workshops and save your spot or register to get the replay.Letting Your Fees Reflect Your Values and NeedsRaising fees in private practice isn’t just a business decision—it’s a clinical one. When you base your fee on real numbers, like salary goals, taxes, and operating expenses, you create a foundation that supports your work.From there, the focus shifts to how you communicate the change: naming it clearly in session, allowing space for your client’s response, and trusting that whatever comes up can be worked with. Giving thoughtful notice and expecting a range of reactions helps keep the process grounded. Over time, making fee adjustments a regular part of your practice reduces emotional intensity and supports long-term sustainability.Setting Fees That Reflect Your RealityEven when the math is clear, naming a higher fee can still feel uncomfortable—especially if you’re used to choosing numbers based on what feels manageable rather than what’s needed.(00:03:24) Raising therapy fees effectively(00:09:35) Ending the therapeutic relationship(00:11:43) Discussing fee increase strategies(00:14:54) Referral program for money coursesMaking Space for Both Your Needs and TheirsBringing a fee increase into session creates an opportunity to practice direct, honest communication. Saying the new rate and pausing—without over-explaining or softening—allows your client to respond in their own way. Some clients will stay; some may need to adjust their schedule, and some may choose to end therapy. Supporting that process, without taking responsibility for the outcome, is part of maintaining a healthy therapeutic relationship.Over time, approaching fee changes as a normal, expected part of practice (rather than something to avoid) helps reduce the pressure. It allows your work to remain sustainable; while still honoring the care and intention you bring to your clients.Get to Know Linzy Bonham: Linzy Bonham is a private practice therapist turned money coach who helps private practice owners and health professionals feel calm and in control of their finances through her coaching at Money Skills for Therapists and her podcast Money Skills for Therapists.It all started when she saw her extremely skilled colleagues struggle with the money side of business. Some had even left private practice, or were avoiding starting one, because the financial side was too stressful.So Linzy decided to help therapists and health professionals develop peace of mind about their money. Since so many were never taught these skills, she focuses on the “how” of making the business side of private practice doable, and even super satisfying.Follow Linzy Bonham:About Page: https://moneynutsandbolts.com/about/LinkedIn: https://www.linkedin.com/in/linzybonham/Instagram: https://www.instagram.com/moneyskillsfortherapists/

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205: Client Care and Your Wellbeing: Raising Your Rates for Good

Apr 2100:41:08Tap to summarize

Have you been avoiding raising your fee, because you're scared to have those hard conversations with your clients? If so, this is the episode for you...One thing I see all the time with therapists in private practice—especially around money, caseload size, and accessibility—is the pull between taking care of your clients and taking care of yourself.In this coaching conversation, I sit down with Jessica Katz, a graduate of the Money Skills for Therapists program, to look at what happens when your fee structure, schedule, and financial needs aren't aligned — and then how to start shifting toward building a practice that supports both your clients and your own wellbeing.Ready to feel more calm and confident about your money? Do you feel confused, ashamed, or uncertain about your finances? Are you craving support to help shift your money mindset and transform your relationship with money? Are you ready to gain practical tools and the confidence you need to finally take control of your business finances? If so, I’d love for you to join me for one of my free online workshops, designed specifically for private practice owners who feel stuck—whether it’s mindset blocks, avoidance, or the technical side of managing money. In just one hour together, you’ll gain clarity, practical strategies, and next steps to move forward with intention. Click here to explore upcoming workshops and save your spot or register to get the replay. Finding Balance Between Client Care and SustainabilityAs helpers and healers, it's natural for us to think that we're "good therapists" by helping everyone at a price they can afford. But you can actually show up stronger and with more mental space for those you serve by prioritizing yourself and protecting your time.Wide sliding scales, inconsistent fees, and overextended schedules can slowly turn into money anxiety, burnout, and a sense that you're always behind.What we explore here is how these patterns form—and how they're often rooted in emotional labor, people-pleasing, and a desire to preserve relationships at any cost.When your time, energy, and finances aren't protected, it becomes harder to stay present in your clinical work and more difficult to maintain long-term client retention.The shift isn't about doing less for your clients—it's about creating a structure where your financial needs, energetic needs, and values alignment can coexist.Emotional Awareness and Practical ShiftsWhen you start to look at your schedule, your fee structure, and your boundaries together, it becomes easier to see what's actually sustainable. Charging a higher fee creates a positive ripple effect because both you and your client recognize the value and cost of this session, leading you both to make the very best of your time together.(00:03:16) Talking about fee raises(00:09:16) Setting up an ideal workweek(00:10:49) Managing energy across work sessions(00:14:03) Setting a balanced work schedule(00:21:05) Navigating infertility and pregnancy loss(00:24:33) Value of paying for expertise(00:29:53) Prioritizing self-care for clients(00:33:39) Navigating guilt and true values(00:39:06) Improving finances for therapistsLetting Your Practice Support the Work You Want to DoThis conversation comes back to quality over quantity. When your caseload is too high or your rates don't reflect your work, it becomes harder to stay present and make grounded decisions. As you begin raising your rates, setting clearer boundaries, and adjusting your schedule, discomfort is normal; but those changes often lead to stronger relationships and better therapy outcomes for both you and your clients.A sustainable practice isn't built on stretching yourself thinner—it's built on clarity, boundaries, and allowing your work to support you too.About Jessica Katz: Jessica Katz is a reproductive mental health therapist specializing in infertility and family building through reproductive treatments. Through her private practice, Empress Counseling, she supports individuals and couples navigating infertility, pregnancy loss, perinatal mood disorders, and third-party reproduction, helping clients make grounded, values-aligned decisions.With a strong analytical background and training in Money Skills for Therapists, Jessica brings both financial clarity and self-awareness to her work, focusing on sustainable, aligned private practice.Follow Jessica Katz:Therapy practice: https://www.empresscounseling.com/Social media: https://www.instagram.com/empresscounselingGet to Know Linzy Bonham: Linzy Bonham is a private practice therapist turned money coach who helps private practice owners and health professionals feel calm and in control of their finances through her coaching at Money Skills for Therapists and her podcast Money Skills for Therapists.It all started when she saw her extremely skilled colleagues struggle with the money side of business. Some had even left private practice, or were avoiding starting one, because the financial side was too stressful.So Linzy decided to help therapists and health professionals develop peace of mind about their money. Since so many were never taught these skills, she focuses on the “how” of making the business side of private practice doable, and even super satisfying.Follow Linzy Bonham:About Page: https://moneynutsandbolts.com/about/LinkedIn: https://www.linkedin.com/in/linzybonham/Instagram: https://www.instagram.com/moneyskillsfortherapists/

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204: Breaking the Martyr Cycle: Therapists, Money Shame, and Self-Care

Apr 1400:32:37Tap to summarize

If you’ve ever felt a quiet tension between wanting your practice to support you and feeling like you shouldn’t need that… you’re not alone. This is something I see all the time with therapists—where caring deeply about clients starts to blur into overlooking your own needs. In my conversation with Tiffany McLain, we’re looking at how that pattern shows up around money, and why it can feel so uncomfortable to want more, charge more, or build a practice that actually sustains you.Ready to feel more calm and confident about your money? Do you feel confused, ashamed, or uncertain about your finances? Are you craving support to help shift your money mindset and transform your relationship with money? Are you ready to gain practical tools and the confidence you need to finally take control of your business finances? If so, I’d love for you to join me for one of my free online workshops, designed specifically for private practice owners who feel stuck—whether it’s mindset blocks, avoidance, or the technical side of managing money. In just one hour together, you’ll gain clarity, practical strategies, and next steps to move forward with intention. Click here to explore upcoming workshops and save your spot or register to get the replay. When Taking Care of Yourself Feels UncomfortableA lot of therapists have been shaped by roles where being helpful, accommodating, and selfless was the expectation. Over time, that can turn into a quiet habit of minimizing your own needs—especially when it comes to your finances. So when it comes time to look at your numbers, set fees, or think about what you actually need to earn, it can feel off. Not because you’re doing something wrong, but because it goes against a pattern you’ve been living in for a long time.That’s where a lot of the tension comes from. Part of you knows your practice needs to work financially, and another part of you feels uncomfortable prioritizing that.Connection and Support Change the PatternWhat begins to change things is having space to talk about this openly. When you’re in conversation with other therapists who are navigating the same thing, it becomes easier to question old assumptions and try something different.(00:05:28) Expectations of selflessness in psychology(00:10:55) Unpacking childhood money shame(00:13:58) Importance of a supportive community(00:22:56) Setting boundaries and raising fees(00:26:45) Valuing your work and worth(00:29:35) Overcoming shame around money(00:30:54) Money workshops for therapistsLetting Your Practice Support You TooYour work is about supporting others—but your practice needs to support you, too. When your finances are unclear or stretched, it shows up in your energy, your boundaries, and how sustainable your work feels. As you get clearer on what you need and allow yourself to adjust your fees, things start to feel more steady. A sustainable practice isn’t built on overextending—it’s built on balance, support, and letting your work give back to you.Get to Know Linzy Bonham: Linzy Bonham is a private practice therapist turned money coach who helps private practice owners and health professionals feel calm and in control of their finances through her coaching at Money Skills for Therapists and her podcast Money Skills for Therapists.It all started when she saw her extremely skilled colleagues struggle with the money side of business. Some had even left private practice, or were avoiding starting one, because the financial side was too stressful.So Linzy decided to help therapists and health professionals develop peace of mind about their money. Since so many were never taught these skills, she focuses on the “how” of making the business side of private practice doable, and even super satisfying.Follow Linzy Bonham:About Page: https://moneynutsandbolts.com/about/LinkedIn: https://www.linkedin.com/in/linzybonham/Instagram: https://www.instagram.com/moneyskillsfortherapists/About Tiffany McLain: Tiffany McLain, LMFT, is a clinical fee strategist who helps therapists in private practice increase their income while improving the quality of their work. Through her program, The Lean In. MAKE BANK. Academy, she guides clinicians in shifting the mindset patterns that keep them under-earning, so they can confidently charge premium, cash-pay fees and build more sustainable practices. Known for her direct, empowering approach, Tiffany focuses on helping therapists work less, earn more, and show up more fully for their clients.Connect with Tiffany and Lean In. MAKE BANK.:Website: https://leaninmakebank.comFun with Fees Calculator: https://leaninmakebank.com/fee-calculator/Email: hey@leaninmakebank.comInstagram: https://www.instagram.com/leaninmakebank/Website: https://leaninmakebank.com

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203: Overcoming Money Shame in Private Practice

Apr 700:15:27Tap to summarize

If money in your private practice brings up anxiety, avoidance, or that feeling of “I should have this figured out by now,” you’re not alone. Most of us were never taught how to manage money, and yet we’re running businesses that are supposed to take care of us while we take care of others. That’s a lot of pressure, and it makes sense that money can feel overwhelming.In this episode, I’m digging into the connection between emotions and money, and why money confusion and shame have less to do with your ability and more to do with what’s happening underneath the surface.Ready to feel more calm and confident about your money? Do you feel confused, ashamed, or uncertain about your finances? Are you craving support to help shift your money mindset and transform your relationship with money? Are you ready to gain practical tools and the confidence you need to finally take control of your business finances? If so, I’d love for you to join me for one of my free online workshops, designed specifically for private practice owners who feel stuck—whether it’s mindset blocks, avoidance, or the technical side of managing money. In just one hour together, you’ll gain clarity, practical strategies, and next steps to move forward with intention. Click here to explore upcoming workshops and save your spot or register to get the replay. Why Money Feels So Hard (and What Actually Helps)For a lot of therapists, money doesn’t just feel confusing—it feels activating. Anxiety, overwhelm, or shutdown can show up when you look at your numbers, not because you’re incapable, but because your nervous system is taking over and your thinking brain goes offline. It’s not the math that’s the problem, it’s the emotions. When shame, pressure, or fear are running the show, avoidance makes sense, even if it keeps you stuck. The shift starts with awareness: noticing what comes up for you and naming it, so you can begin to work with it instead of against it.Emotional Awareness and Financial ClarityWhen you begin to notice your emotional response to money instead of pushing it away, you create space to respond differently—and that’s where financial clarity starts to build.(00:06:10) Money, Emotions, and Awareness(00:09:40) Therapists Transforming Money Mindsets(00:13:08) Overcoming Money Shame WorkshopBuilding a Healthier Relationship with MoneyMoney shame can feel deeply personal, but it’s shaped by so many layers—lack of financial education, messages from our profession, and what we learned about money growing up. This isn’t just a “you” problem. Change starts when you stop doing this alone. With support, awareness, and practical money skills, it becomes possible to move from avoidance and overwhelm toward clarity and confidence. You already know how to help people shift their relationship with hard things—the same is possible with money.Get to Know Linzy Bonham: Linzy Bonham is a private practice therapist turned money coach who helps private practice owners and health professionals feel calm and in control of their finances through her coaching at Money Skills for Therapists and her podcast Money Skills for Therapists.It all started when she saw her extremely skilled colleagues struggle with the money side of business. Some had even left private practice, or were avoiding starting one, because the financial side was too stressful.So Linzy decided to help therapists and health professionals develop peace of mind about their money. Since so many were never taught these skills, she focuses on the “how” of making the business side of private practice doable, and even super satisfying.Follow Linzy Bonham:About Page: https://moneynutsandbolts.com/about/LinkedIn: https://www.linkedin.com/in/linzybonham/Instagram: https://www.instagram.com/moneyskillsfortherapists/

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202: Shared Finances, Shared Growth: Tackling Financial Dynamics in Couples

Mar 300:35:11Tap to summarize

Money can sometimes feel easier to manage in your business than in your relationship. In this episode, I sit down with Ed Coambs to gently explore what happens when you bring your money skills home and begin navigating them alongside a partner. We talk about financial intimacy, emotional safety, and what it truly takes to have honest, grounded conversations when two nervous systems — and two lifelong money stories — are in the room."Financial intimacy is the experience of being able to talk openly, safely, vulnerably about your shared financial life, your money hopes, dreams, aspirations, as well as your fears, worries, and anxieties." - Ed CoambsBuilding Financial Intimacy and Healthy Money ConversationsIn a relationship, money is rarely just about numbers. It’s about safety, power, vulnerability, and the stories we each carry from childhood into adulthood. In this conversation, Ed and I unpack how financial intimacy gets built — and how it quietly breaks down — through everyday conversations and unspoken dynamics.I often see couples fall into predictable roles: one partner pushes to engage with money, the other pulls away. Over time, these roles can harden into resentment or shutdown, especially when income shifts, career growth, or differing values enter the picture.Repair is possible! It begins with slowing down, naming old hurts, owning the part you’ve played in past conflicts, and choosing to approach money conversations with collaboration instead of defensiveness. When you tend to both the emotional and practical sides of money together, trust deepens — and conflict softens.Emotional Patterns, Relationship Shifts, and Money ConversationsMoney shows up in relationships through tone, body language, and nervous system reactions — not just spreadsheets. In this episode, we dig into what’s happening underneath the surface when money becomes tense.(00:04:39) Understanding Financial Intimacy(00:06:54) Exploring Emotions Around Money(00:15:21) Couples and Evolving Money Views(00:18:32) Navigating Money Dynamics in Relationships(00:21:52) Owning Your True Feelings(00:27:40) Modeling Respect Through Conversations(00:30:11) Money and Relationships with KindnessWhat It Really Takes to Talk About Money TogetherBuilding financial intimacy means learning how to stay present when money stirs up fear, shame, or old family patterns. When you start noticing the emotional tone of your conversations — not just the content — you can begin to shift from tension into connection.When you begin speaking honestly about what money really represents for you — security, freedom, worth, control — power struggles often soften. Over time, those small moments of repair and respect not only change your relationship, they quietly shape the money story your children will inherit as well.Ready to Improve your Business Money Skills?Are you a Solo Private Practice Owner? I made this course just for you: Money Skills for Therapists. My signature course has been carefully designed to take therapists from money confusion, shame, and uncertainty – to calm and confidence. In this course I give you everything you need to create financial peace of mind as a therapist in solo private practice.Want to learn more? Click here to register for my free masterclass, “The 4 Step Framework to Get Your Business Finances Totally in Order.”This masterclass is your way to get a feel for my approach, learn exactly what I teach inside Money Skills for Therapists, and get your invite to join us in the course.Are you a Group Practice Owner? Money Skills for Group Practice Owners is a six-month course that takes you from feeling like an overworked, stressed and underpaid group practice owner, to being the confident and empowered financial leader of your group practice. Click here to learn more and join the waitlist.Get to know Ed Coambs, CFP®, CFT-I™, LMFT:Ed Coambs is a financial therapist and the founder of Healthy Love and Money. Drawing from his experience in financial planning and couples therapy, he helps partners understand the emotional roots of money conflict and build financial intimacy grounded in safety and connection. He’s also the author of The Healthy Love and Money Way, where he explores how attachment styles influence our financial well-being and our closest relationships.Connect with Healthy Love and Money:Take the Attachment Style Quiz Related to Money: https://www.healthyloveandmoney.com/attachment-style-quizRead the Book: https://www.healthyloveandmoney.com/the-healthy-love-and-money-wayListen to the Podcast: https://pod.link/1634843162LinkedIn: https://www.linkedin.com/in/healthyloveandmoney/Mentioned in this episode:Want to work with Linzy?Check out the FREE masterclass, The 4 Step Framework to Getting Your Business Finances Totally in Order, where you'll learn the framework that has helped hundreds of therapists go from money confusion and shame to calm and confidence, as well as the three biggest financial mistakes that therapists make. At the end, you'll be invited to join Money Skills for Therapists and get Linzy's support in getting your finances finally working for you. Click on the link to find a masterclass time that works for you! Register for Linzy's Free Masterclass

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201: Building a Sellable Therapy Practice: Money, Mindset, and Options

Feb 2400:32:14Tap to summarize

For many private therapy practices, the end-of-the-road often looks like quietly closing the door, but it can be quite exciting to entertain the idea of selling your practice one day.In this episode, registered psychotherapist Liane Wood and I gently challenge you to explore what it actually means to build a sellable therapy practice—not because you should sell someday, but because thinking this way creates more freedom, sustainability, and financial clarity right now in your personal and professional life.We discuss the emotional blocks therapists face around identity and money, the practical systems that make a business transferable, and how shifting into a CEO mindset can turn your practice into a true asset rather than a job you can never leave.“You can be a compassionate, heart-centered therapist and a strategic practice owner at the same time.” — Liane WoodThe idea of selling a private practice can bring up feelings of grief, guilt, or fear for many therapists—especially when the business feels deeply personal. And if that’s the case for you, I encourage you to tune into this episode to learn how separating who you are from what you own allows your practice to become more less stressful, and more profitable and resilient.From Therapist Identity to Business Asset: Key Conversations from This Episode Even if you’re years away from selling your practice, or it’s not even on your radar, making these shifts now creates options for your future: stepping back, delegating, taking real time off, or eventually passing your legacy on to someone aligned.(00:04:57) Therapist Identity vs. Business Ownership(00:07:37) Emotional Resistance to Selling or Stepping Away(00:14:58) What Actually Makes a Therapy Practice Attractive to Buyers(00:16:17) Why Systems, Branding, and Diversification Matter(00:24:18) How CEO-level Money Habits Change EverythingWhy Making Your Practice Sellable Changes Everything (Even If You Never Sell) One of my favorite takeaways from this conversation is this: building a sellable practice isn’t about exiting—it’s about creating options. When your business has clean finances, clear systems, diversified revenue, and a brand that isn’t dependent on you alone, everything feels lighter. You’re no longer trapped inside your own practice. Instead, you’re running a business that can support you, your clients, and potentially future owners long after you choose to reduce your personal hours or take a step back.Practical Takeaways for Therapists Thinking About the Long Game You are a business owner who practices therapy inside a container you’ve built. You are not the container itself.Track numbers regularly, separate personal and business finances, and pay yourself intentionally.Diversifying your income through group therapy, supervision, digital products, or associate teams increases the business’s sustainability and transferability.Implementing systems that include SOPs, clear workflows, and organizational branding ensures anyone can step into a role.A sellable practice gives you freedom—whether you sell, step back, or keep running the business forever.Building a practice that can be sold doesn’t mean you’re planning to leave—it means you’re honoring your future self. My hope is that this episode helps you see your work not just as meaningful, but also as valuable in a way that supports longevity, choice, and peace of mind.Ready to Improve your Business Money Skills?Are you a Solo Private Practice Owner? I made this course just for you: Money Skills for Therapists. My signature course has been carefully designed to take therapists from money confusion, shame, and uncertainty – to calm and confidence. In this course I give you everything you need to create financial peace of mind as a therapist in solo private practice.Want to learn more? Click here to register for my free masterclass, “The 4 Step Framework to Get Your Business Finances Totally in Order.”This masterclass is your way to get a feel for my approach, learn exactly what I teach inside Money Skills for Therapists, and get your invite to join us in the course.Are you a Group Practice Owner? Money Skills for Group Practice Owners is a six-month course that takes you from feeling like an overworked, stressed and underpaid group practice owner, to being the confident and empowered financial leader of your group practice. Click here to learn more and join the waitlist.Get to know Liane Wood: Liane Wood is the CEO of Build Your Private Practice Inc., where they’ve been helping mental health practitioners launch, grow, and scale thriving private practices since 2016. As a registered psychotherapist in Ontario, Canada, she is passionate about empowering therapists to build the private practices of their dreams while achieving both client care excellence and business success.Book a 60-minute Private Practice Strategy Call with Liane to map out a personalized growth plan for your practice—whether you want to scale, step back, or eventually sell. You can book at https://calendly.com/liane-lo0/strategy-sessionWebsite: https://www.buildyourprivatepractice.caEmail: info@buildyourprivatepractice.caInstagram: https://www.instagram.com/buildyourprivatepracticeFacebook: https://www.facebook.com/byppincMentioned in this episode:Want to work with Linzy?Check out the FREE masterclass, The 4 Step Framework to Getting Your Business Finances Totally in Order, where you'll learn the framework that has helped hundreds of therapists go from money confusion and shame to calm and confidence, as well as the three biggest financial mistakes that therapists make. At the end, you'll be invited to join Money Skills for Therapists and get Linzy's support in getting your finances finally working for you. Click on the link to find a masterclass time that works for you! Register for Linzy's Free Masterclass

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All episodes

210: Practical Math for Therapists: Is Your Marketing Working?

209: Rethinking Debt: Turning Financial Burdens Into Neutral Tools for Private Practice Success

208: How Clinical Supervision Can Boost Your Practice’s Financial Stability

207: Letting Go of Control: Creating a Calmer Path to a Fulfilling Private Practice

206: A Practical Approach for Raising Fees (While Honoring the Client Relationship)

205: Client Care and Your Wellbeing: Raising Your Rates for Good

204: Breaking the Martyr Cycle: Therapists, Money Shame, and Self-Care

203: Overcoming Money Shame in Private Practice

202: Shared Finances, Shared Growth: Tackling Financial Dynamics in Couples

201: Building a Sellable Therapy Practice: Money, Mindset, and Options