The Money Sessions

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Tessa: From barely scraping by to 10k/month & growing Apr 01, 2019

Show notes

What would it take for a therapist to go from barely scraping by in a financially struggling practice, a marriage that is suffering as a result and feeling on the brink of failure to earning 10k/month and becoming the primary breadwinner, with a thriving marriage and more than enough resources to give back in less than a year?

In this episode of the Money Sessions, we're going to talk to a therapist – Tessa – who did just that. After 18 years of treating her practice as a side project, Tessa realized she was ready to take her business seriously and the results have been astounding.

Not only is she celebrating her first 10k month, Tessa has taken on two new therapists and starting a group practice after finally learning how her money mindset was holding her back. She's hired a manager and an intake worker, house cleaners and now has time to volunteer to help foster animals and can pay for more clinical consultation in order to continue to up her practice game. Tessa's also going to talk about how getting serious about her professional life had a huge impact on her practice and her marriage.

Jelisha goes from $80/session to $210/session in less than a year Mar 01, 2019

Show notes

In this first interview from The Money Sessions, we get to hear from New York based therapist Jelisha Gatling who went from barely making $500/month in private practice to having her first 6k month in less than a year - and that's 6k month came with taking a week and a half off in December for the holidays.

Jelisha will talk about why she left her group practice, despite fears of totally failing and how she went from anxiously charging $80/session to confidently charging $165 for individuals and $210 for couples.

In this episode, Jelisha will also share:

3 signs she knew it was time to leave group practice

How she opened a solo practice despite all her fears about utter failure

3 signs she knew it was time to raise her feesHow her fears about charging more than seasoned supervisors held her back

Exactly how she handles intake calls now, without fear, despite raising her fee significantly

What she was surprised to learn about herself by challenging her limiting mindset beliefs

3 actionable strategies YOU can use to leave group practice or confidently charge premium prices

How DO therapists raise their fees and why is it so hard? Mar 01, 2019

Show notes

I asked a couple of my Lean In. MAKE BANK. graduates if they'd be willing to have R.E.A.L conversations with me about what it was actually like to do things like:

Raise their fees to a number bigger than they felt comfortable with

Get off insurance panels even though that's how they built their practices

Leave agency jobs or side gigs and really go all in on private practice

Of course the therapists were like, "Hell yeah!" because they are awesome humans.

Initially, I was just going to record a handful of video interviews so you could get some inspiration while I was gone, but the stories these therapists shared were remarkable - just so honest and inspirational - that I realized I had something much MUCH more on my hands than a few video interviews. The experiences these therapists shared - the clear, actionable steps along with the mindset shifts that they were able to talk about having - well, let's just say transformational doesn't begin to describe what I was hearing.

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