The Money Sessions

Latest Episodes:

From $30 to $260 per Session: Lauren's Journey from Financial Wake-Up Call to Premium Fee Success Sep 02, 2024

Show notes

How to Charge Like a Six Figure Therapist Live Event https://learn.leaninmakebank.com/how-to-charge-like-a-six-figure-therapist-live/ In this live online training event, you'll get crystal clear about how to talk fees ethically and fairly - in a way that honors you and your clients - as we head into your Fall Fee Raise conversations.

In this episode, we're speaking with Lauren Pass Erickson, a Licensed Professional Counselor and Registered Dance/Movement Therapist out of Colorado. After receiving a financial wake-up call, she was left with no choice but to get crystal clear about her financial situation and reevaluate her fee structure. By becoming very honest about her financial needs, Lauren not only improved her therapy practice but also set better boundaries in her clinical work and personal relationships.

Stay until the end because Lauren and Tiffany stumbled upon an insight that gave both of them goosebumps.

In this episode, Lauren will share:

How she went from charging as low as $30 per session to $260 per session;

Getting hit with an unexpected $10,000 tax penalty forced her to take a reality based look at her fee structure;

How it felt to charge premium fees for the first time;

Her clinical work becoming exponentially better as she addressed her own money mindset;

Three pieces of strategic advice that will help you go from struggling to set your fees to confidently charging premium fees.

Resources mentioned:

The Lean In. MAKE BANK. Academy

The Fun with Fees Calculator

Lauren's Website: www.naturalembodiment.org

More about Lauren:

Lauren Pass Erickson MA, LPC, R-DMT (she/her) is a somatic and dance/movement therapist who has been in private practice in Boulder, CO since 2020. Specializing in Complex PTSD and Queer Identity, Lauren helps LGBTQ+ and neurodiverse adults reconnect with their bodies after trauma, and embrace their most authentic selves with joy and confidence.

Ask Tiffany: Capitalism and Premium Fees Aug 26, 2024

Show notes

Join our live event How to Charge like a Six-Figure Therapist: September 2024 because therapists with more money have even more capacity to do good and make change.

In this episode, we dive in to answer a listener question from Claudia. She states that thinking about money makes her feel enraged, confused and flooded, particularly when considering the unjust social structures at play.

I'm going to give Claudia one specific strategy you, too, can use when trying to resolve your ambivalence around earning money as a private practice therapist, while also acknowledging the unjust financial systems inherent in our society.

Links mentioned in this episode:

Fun with Fee Calculator

Record your question for Tiffany

From Insurance Panels to $220/session: How Recovering From People Pleasing Led to Successfully Raising Fees in Kirsten's Private Therapy Practice as an LMFT. Aug 19, 2024

Show notes

About the Episode: In this episode, we're speaking with Kirsten Cheong, a licensed Marriage & Family Therapist who helps high achieving women overcome people pleasing. After receiving a sudden financial hit, Kirsten realized she had to get real about the financial aspects of her private practice. In doing so, she discovered the ways her people pleasing tendencies had interfered with her professional success and her ability to truly help her clients. She decided to make a massive change.

In this episode, Kirsten will share:

How she went from agency work to private practice (with help from a LIMB stranger);
How she came to realize that insurance panels were NOT the "path of least resistance" she initially thought they would be;
What it feels like to take the leap from insurance to private pay when most of her clients are on insurance;
How her clinical work has changed as a result of her willingness to do the hard work of owning her financial needs.
What it was like to book her first $220 session, after years of negligible insurance reimbursements.

Resources mentioned:

The Lean In. MAKE BANK. Academy

Kirsten's Website

Kirsten's Instagram

Ready to set your fee? You choose the dream, we'll do the math. Download our FREE Fun with Fees Calculator here 👉🏽 https://www.leaninmakebank.com/free

Kirsten Cheong, LMFT

Kirsten Cheong is an LMFT in California who specializes in treating anxiety disorders in career women who struggle with people-pleasing and poor boundary-setting. Her own personal history battling anxiety, lacking secure boundaries, and people-pleasing to gain control in relationships helps like-minded women live more congruently to their values and step into their confidence. Kirsten's practice, Balance and Boundaries Therapy, is 100% online to serve career women all across California.

Learn more at: https://www.balanceandboundariestherapy.com/

Ask Tiffany: Coaching vs. Therapy & Who Can Command Premium Fees Aug 12, 2024

Show notes

Click here to Join our live event How to Charge like a Six-Figure Therapist: September 2024 because charging premium fees is a mindset.

In this episode, we dive in to answer listener question from Rachel Hulstein-Lowe. She asks, "Why are people so much more willing to pay premium fees for coaching than for therapy?"

There is a common myth out there among licensed therapists that simply switching to coaching will solve all their revenue problems.

The belief is, if I simply become a coach, clients will be more willing to pay me the big bucks.

But is this true?!

In this episode, I'll reveal the truth about who can charge more: coaches or therapists.

We'll discuss:

Based on the data, who earns more? Licensed therapists or coaches?
What factors go into a coach being able to charge a hire hourly rate than a licensed therapist?
What's really going on when therapists lament the high fees coaches can command?
No bull. No nonsense. Tiffany gets real by answering the question under the question.

Links Mentioned:

Fun with Fee Calculator

Coaching Federation Data

Licensed mental health therapist salary report

Breaking Barriers: From $30 to $200 per Session – Saraa's Bold Leap to Financial Freedom Aug 05, 2024

Show notes

In this episode, we're speaking with Saraa, a Licensed Clinical Social Worker out of California. Once anxiously charging as low as $30 per session, Saraa now confidently charges over $200 per session. Through overcoming massive odds, including an ACE score of 10, Saraa has carved out a successful financial future for herself and her daughter.

In this episode, Saraa will share:

How she went from anxiously charging as low as $30 per session to well over $200 per session confidently;

Three signs that made it clear she needed to raise fees and address her private practice policies to be more in line with her financial needs;

How a relationship ending forced her to get real about her fee structure;

Three pieces of strategic advice to any therapist knowing they need to be charging more, but is afraid nobody will pay;

How she realized she needed to go first as a black woman carving out her premium fee private practice journey.

Resources mentioned:

The Lean In. MAKE BANK. Academy

The Fun with Fees Calculator

Saraa's Website: www.soulspapsychotherapy.com

Saraa's Instagram: @soulspa_ocd_recovery

Saraa's Email: SoulSpaPsych@hush.com

More about Saraa:

Saraa D. Lee, LCSW of Soul Spa Psychotherapy is an OCD and Trauma specialist licensed in California and Illinois. She studied Psychology at Pomona College, earned an MSW at UCLA, and is a former Fulbright grant winner. Saraa helps children, adults, couples, and families to drown out the noise of fear and live a joyful life.

The Money Sessions podcast is coming back! Jul 15, 2024

Show notes

You asked, we answered. The Money Sessions is officially back and in action. Make sure you are following us wherever you listen to your podcasts to get the latest episode the moment it drops. Want to be part of the show?! Submit your question for our new "Ask Tiffany" series here: https://www.speakpipe.com/themoneysessions_asktiffany

Got questions about fee raises, leaving insurance panels, how is my hair so fabulous, why do we have two incompetent candidates running for president, for the love of GOD?

Click here to record your voice memo and I'll tackle it right on the show: https://www.speakpipe.com/themoneysessions_asktiffany

Follow, Subscribe, Review & Share. 💋

Your roadmap to a 6-figure 2022. Without stress. Mar 07, 2022

Show notes

In 2021, Dulce had 299 fewer client sessions than the year before, WHILE MAKING THE SAME AMOUNT OF MONEY.

Join us for Fee Week (it's free) and we'll show you how she did it. http://www.heytiffany.com/feeweek

In this episode, we'll talk about what is *actually* possible for you in 2022 if you make just a few small (but massive) shifts.

FEE WEEK is open! Join us, my love. Mar 03, 2022

Show notes

http://www.heytiffany.com/feeweek In our last FEE WEEK, we had over 800 therapists enroll in FEE WEEK and the results were phenomenal.

Join us to get your roadmap to your 6-figure 2022, while seeing fewer than 20 clients/week.

Q1 is almost over. Time for a fee audit. Feb 28, 2022

Show notes

Are you on track to make 6-figures in your practice while having fewer than 20 sessions per week? If yes. Then you are probably one of our Lean In. MAKE BANK. Academy students. HIGH FIVE. If no, then I'm inviting you to join us in FEE WEEK. Go to www.heytiffany.com/feeweek

How Getting Real About Her Financial Reality Led Audrey To Charge $200 Dollars Per Session. Nov 22, 2021

Show notes

In this episode, we're speaking with Audrey Schoen, a California based License Marriage and Family Therapist. Audrey specializes in working with the spouses of Law Enforcement Officers in private practice. Within her practice, Audrey's goal is to help her clients achieve a sense of steadiness and confidence in the face of life's ups and downs, both within themselves and their relationships.

As the wife of a Law Enforcement officer herself, she will talk about the triad of reality checks that led her to absolutely raise her fees.

In this episode, Audrey will share:

How being the wife of a Law Enforcement Officer forced her to get real about how much she needed to make in private practice;

How charging Premium Fees allowed her to be a better therapist for her clients;

Her current anxiety about charging more, despite making leaps and bounds from where she started;

3 mindset shifts to consider if you are currently struggling to raise fees.

Resources mentioned:

Fun with Fees

Lean In. Make Bank.

4 Steps to Raise Your Fee Workshop

More about Audrey:

Audrey is a Licensed Marriage and Family Therapist in Northern CA with an exclusively online practice working with adults and couples seeking to create a more connected and congruent life. As a police wife herself, She especially enjoys supporting partners and spouses of law enforcement and first responders. She brings a real-life, even-keeled approach to counseling, coming alongside her clients as they shine light into the dark and challenging places in life. To Contact: https://www.audreylmft.com/

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