Tag: Money

  • Managing Your Personal Cash Flow

    I’ve written before on the subject of cash flow management, but it’s so important that it’s worth writing about again. The work in a therapy practice can come and go, sometimes with little warning, so it helps to have some strategies in place to help to manage your own finances. Here are a few tips…

  • Truth or Myth? Common Beliefs About Money and Wealth – Part 2

    Did you resonate with any of those beliefs about money and wealth in my last post on the subject? Did any of them stir any thoughts or feelings for you? Perhaps you can relate to these? Money is the root of all evil. A difficult one this, as it has all the authority of two…

  • Fees and Mind Set

    Another limiting factor to earning enough as a therapist is our mind set about charging an economic fee. The factors that affect what a therapist is willing to charge will include: What I believe is ethical or moral to charge people who may be in pain, What I believe clients are willing or able to…

  • How Do I Earn Enough as a Therapist so I Can Give up the Day Job?

    Good Question. And on the face of it, this is an easy one to answer: Have sufficient clients paying you a sufficient rate to give you what you want to earn. So if you want to replace a €30,000 a year job, and if your expenses amount to €5,000 per year, you will need to…

  • Can I Earn More In My Practice Without Working Extra Hours?

    The subject of money can be a thorny one for practitioners. With lots of talk about recession and redundancies, therapists can find it hard to charge an economic rate. One way of earning more is to work more hours, but if that’s not possible, here are some tips: 1. Increase your rate per hour. A…

  • More About Accounts – Balance Sheet

    What’s a Balance Sheet? A Balance Sheet is a statement of the assets and liabilities of a business or entity at a point in time, expressed in money. Assets are things owned by the business. Liabilities are things owed by the business. Although the contents and layout may vary according to the size and nature…

  • The Big Drop – Have You Thought About A Pension?

    Some years ago, one of the financial institutions ran an ad that asked, “Are you ready for the big drop?” The big drop was, of course, the gap between our income before retirement and after retirement. The point being made was that some people have insufficiently provided for their pension. Are you one of those?…

  • What Should I Charge?

    This is an interesting question, not only for newly qualified therapists starting out, but also those in practice for a while. And there’s no right answer. You are free to charge what you want. I personally believe that it is important that some fee changes hands, even if it is a nominal one, but it…