Addressing Financial Challenges in the Therapy Profession
An alarming number of therapists find themselves trapped in a cycle of financial hardship, struggling to keep their practices running. The core issue lies in many clinicians' lack of business acumen, coupled with feelings of guilt about earning money. It's essential to move beyond the outdated 'Vow of Poverty' mindset for both our well-being and that of our clients.
Are You a Therapist Facing Financial Difficulties?
Do worries about client acquisition and bill payments dominate your non-session hours? If so, this message is for you.
The Importance of Financial Stability
Financial stability should be achievable for therapists. The extensive education and significant investment—often tens or hundreds of thousands of dollars—justify a sustainable income. We cannot afford to remain broke.
Challenging Outdated Beliefs About Money
My colleague, renowned psychotherapist and author Bill O’Hanlon, and I often discussed how some therapists behave as if they’ve taken a vow of poverty, believing that making money is wrong. In reality, earning income is not only acceptable but necessar...