The State of Private Practice Finances in 2025

Let’s talk numbers — the honest, encouraging kind.In this episode, I’m joined by Michael Fulwiler, Director of Brand at Heard, to unpack the key findings from Heard’s 2025 Financial State of Private Practice Report. We dig into what therapists are actually earning, how much they’re spending on their practices, and the financial challenges (and wins!) that private practitioners are facing right now.It’s an honest, supportive conversation for anyone who’s feeling uncertain or curious about the financial side of being a therapist.Download the 2025 Financial State of Private Practice Report:https://www.joinheard.com/resources/downloads/the-heard-2025-financial-state-of-private-practice-reportHeard just launched a new, affordable bookkeeping plan starting at only $50/month. Schedule a free consult call to learn more:https://bit.ly/affordable-bookkeeping-YT(this is an affiliate link)Check Out Heard for a free 15-minute phone consultation:https://bit.ly/3rNmDJx(this is an affiliate link)Watch last year’s interview: “The State of Private Practice Finances in 2024”https://www.youtube.com/watch?v=mvVlpsT-zPkCheck out Heard’s Business School Podcast:https://www.joinheard.com/podcastPodcast Episode: "Leveraging YouTube to Build Your Therapy Business with Dr. Marie Fang”https://www.joinheard.com/podcast/episode/leveraging-youtube-to-build-your-therapy-business-with-dr-marie-fangPlaylist of Prior Videos with Heard:https://youtube.com/playlist?list=PLi4iw1FZZYrCeMCOvYxz1zfYqtNxFFnZz&feature=sharedLINKS:*Some links are affiliate links. A percentage of purchases come back to me and help my channel immensely!👉 FREE Guide: Start a Private Practice in Counseling: https://tinyurl.com/y9ek9en8👉 All my filming gear: https://kit.co/privatepracticeskills/all-my-gearThis podcast is geared toward therapists of all kinds, including psychologists, MFTs, LPCCs, social workers, and others in the clinical counseling field. Welcome to Private Practice Skills! I’m Dr. Marie Fang, psychologist in private practice. I post videos offering tools I learned the hard way about starting and growing private practice so that you don’t have to.Website: www.privatepracticeskills.comYouTube: https://www.youtube.com/c/privatepracticeskillsInstagram: https://www.instagram.com/privatepracticeskills/This podcast is not intended as professional or legal advice. Be sure to seek the services of a professional if you are in need of them.