17. Multiple Income Streams & Money Confidence with Ashley Stephens, PhD, LCSW-S

What this episode covers

In this episode, I’m joined by Dr. Ashley Stephens, LCSW-S, a social worker, supervisor, and consultant who shares how she built a career that’s financially stable and aligned with how she actually wants to live. Ashley walks us through her early money story and how she started creating multiple income streams, from clinical work to supervision, retreats, teaching, and consulting. We get into the money messages social workers still hear in school, how that messaging keeps folks underpaid and overworked, and why financial wellness is a non-negotiable if you want to stay in this field long term. She breaks down the logistics of setting up a supervision practice, managing your time across different roles, and what to consider if you’re thinking about diversifying your income. If you’re feeling stuck in your current job, curious about supervision, or just trying to figure out how to make social work sustainable, this episode is for you! Takeaways From This Episode: The harmful (and persistent) belief that wanting financial stability makes you less “dedicated” as a social worker Why diversifying your income isn’t about hustle culture... it’s about safety, creativity, and sustainability The powerful ripple effect of becoming a supervisor and pouring into the next generation of clinicians What autonomy really means in your work and how it can lead to more joy, purpose, and freedom How the Social Work Compact could expand your clinical reach without starting from scratch in every state Permission to leave a job that doesn’t serve you, just because it doesn’t serve you 👀 Mentioned resources: Check out https://socialworktowealth.com/17-multiple-income-streams-money-confidence-w-ashley-stephens-phd-lcsw-s (the affiliated blog post) for the full list of resources mentioned in this episode and the unedited transcript. https://socialworktowealth.myflodesk.com/podcast (Social Work to Wealth Newsletter) — a newsletter for the social worker wanting to level up their career and money. Find Social Work to Wealth on: https://instagram.com/socialworktowealth (Instagram), https://www.youtube.com/@socialworktowealth (Youtube), https://www.facebook.com/socialworktowealth (Facebook), and https://pinterest.com/socialworktowealth (Pinterest). Disclaimer: The information presented in this podcast and on any affiliated platforms are for educational, informational, and entertainment purposes only and should not be construed as legal, financial, or professional advice. Consuming this content does not create an attorney-client relationship. If you need legal advice pertaining to your particular situation, consult one-on-one with an attorney.