Episode 5: Stop Feeling Guilty About Making Money in Private Practice (with Tiffany McLain)

Therapists tend to be great with emotions, but are sometimes scared of money. Believe in your self-worth by not feeling guilty, but good when making money in private practice. It’s just as easy to have a profitable practice, as a not-profitable practice. Today’s guest is Tiffany McLain, who is a creator, founder, and teacher at the Lean In MAKE BANK Academy. Tiffany talks about how private practice therapists can build both emotional and financial wealth. Episode Highlights: ● Conversations and Conflict: Get comfortable or be uncomfortable talking about money ● Clarity/Desire: Know what’s needed to work less, make more; not work more, make less ● Big Picture Plan: Anticipate anxiety to dream big or settle for big disappointment ● Sliding Fee Scale: State your fee and then shut your mouth, don’t make excuses ● Therapists: Who feels guilty? Women, those of color and from blue-collar backgrounds ● Social, Political, and Family of Origin: Is permission necessary to charge confidently? ● Insurance Reimbursement Rates: Run practice and still have life of freedom, flexibility ● Foundational Aspects: Surround yourself with supportive people and invest for success ● Area of Genius: Learn from others before you and spend money to make money Links and Resources: Fun with Fee Calculator Tiffany McLain Lean In MAKE BANK Academy Psychology Today We Should All Be Millionaires by Rachel Rodgers Uriah Guilford GreenOak Accounting Therapy For Your Money Podcast