For Consult Monday, we discuss:
- Looking at your money and inherited habits.
- The effect of knowing what’s happening with your money.
- How to make good financial choices for your business.
- Structure and separating your business and personal finances.
Linzy Bonham of Nuts & Bolts: Money Know-How for Therapists
Linzy Bonham is a clinical social worker with a passion for helping therapists have peace of mind about their finances. She runs Nuts & Bolts: Money Know-How for Therapists, teaching therapists how to understand money and making smart money choices, like paying themselves a good salary and not letting their practice eat all their money. Linzy’s focus is the “how” of finances – breaking it down into doable steps to help therapists feel calm, competent and in control. She offers in person and online one-on-one consulting, and free resources to help therapists grow their money skills. You can find her here.
What I Wish I’d Said Wednesday
For What I Wish I’d Said Wednesday we discuss:
- Ways to track your finances from paper to digital processes:
- Apps and software
- How to look at your income and expenses.
- Making an assessment on the financial decisions you’ve made for the month.
- Changing from a cash to accrual system
- Figure out your percentage: what did you spend in operating expenses vs what you made
- How to build good habits around money and receipts.
Follow Through Friday
For Follow Through Friday, we discuss:
- Where and how money brings value to your life.
- Understanding where your money goes over where you want it to go.
- Income statements and budgeting for goals.
- Prioritizing your life spending.
- Restrictive budgeting effect on your life and the “I can’t mentality”.
- The envelope system and expense ratio
- Work budget and home budget
- Give every dollar a job
- Should you have multiple bank accounts or keep it simple?
Allison Puryear, LCSW, CEDS of Abundance Practice-Building
Allison Puryear is an LCSW with a nearly diagnosable obsession with business development. She has started practices in three different cities and wants you to know that building a private practice is shockingly doable when you have a plan and support. You can download a free private practice checklist to make sure you have your ducks in a row, get weekly private practice tips, and join the Abundance Practice-Building Group to gain the confidence and tools you need to succeed.