Profit First for Therapists: How to Grow Your Wealth [Ep 59]

The Bad Therapist Show

Are you tired of watching your hard-earned money slip through your fingers? Then you need to learn the Profit First for therapists method and revolutionize the way you handle your private practice's finances! Join me today as I walk you through the Profit First method that's tailored just for therapists like you. You'll learn how to take control of your income, maximize your profits, and build a financial cushion that ensures your future is as secure as your clients feel in session.

I'll share personal insights and simple strategies that can transform even the smallest earnings into a growing nest egg. Whether you're struggling to save or looking to maximize your surplus, this episode has something for everyone. From high-yield savings accounts to prudent reserves, I've got your back with practical tips that make money management less daunting and more doable. Tune in and join me on a journey to financial empowerment where growing your wealth becomes second nature. It's time to make your money work for you, so let's dive in!

Topics covered in this episode:

• How you can keep more of your hard-earned cash in your pocket
• Profit First for therapists and how can it transform your financial approach
• Why saving money is important and how you can start with just 1% of your revenue
• What's an emergency fund and how much should you aim to save for peace of mind
• How Profit First can help you financially prepare for unexpected business changes
• Why setting up a prudent reserve could be a game-changer for your growing private practice

Connect with Felicia:

• Get my freebie & join the email list: The Magic Sheets
• Instagram: @the_bad_therapist
• Website: www.thebadtherapist.coach
• Facebook group: Healing Money

Resources from this episode:

• Get my freebie The Magic Sheets
• Wealthfront cash account Use this link to sign up for a Wealthfront Cash Account and we'll both get +0.50% on the current APY!
• Wealthfront investing Use this link to get $5K managed for free when you fund a Wealthfront Investment Account.
• CapitalOne
• Irina Mcgrath

Related episodes:

• Profit First: Transform Your Business from a Cash-Eating Monster to a Money-Making Machine by Mike Michalowicz
• Profit First for Therapists: A Simple Framework for Financial Freedom by Julie Herres
• Smart Women Finish Rich by David Bach

Quote:

"The key to actually keeping more of the money that you make is taking a portion of that money that you earn right off the top and setting it aside and essentially hiding it from yourself." - Felicia

Mentioned in this episode:

Doors to Scalable Offers for Therapists open on 28th October!

Ready to turn your best idea into a profitable, effective offer? Scalable Offers for Therapists, my 8-week incubator and mastermind dedicated to helping you create a scaleable offer for your therapy or coaching business is open for enrollment. Over eight weeks, you'll learn the six core elements of launching, creating and delivering your scalable offer, whether that's an evergreen download, a real time group offering, a membership program or whatever else you have in mind. Spots are limited! Enroll today >> https://www.thebadtherapist.coach/scalable-offers-for-therapists