If you scored between 0 and 15 points:
You are probably not under-earning in your practice!
You've got some excellent money habits. Woo hoo! Even if your practice isn't full, you're unlikely to self-sabotage as you fill those remaining spaces. You are setting a solid foundation from which to level up.
Next steps: Keep up the good habits! If you continue exploring your personal money story, you'll be better able to engage your clients clinically around money issues in their lives and in the therapy without getting tripped up by countertransference blind spots. Interested in learning more about money in the psychic lives of your clients/patients and exploring symbolic and relational aspects of money issues in the clinical dyad? The Money in the Clinical Dyad Study Group might be right up your alley.
If you scored between 15 and 30 points:
With a little attention to your money mindset and habits, you can be earning more, pronto.
You sometimes get tripped up when it comes to money in your practice. If I had to guess, I'd say you struggle the most when you are in scarcity mode or when your caseload dips. Maybe you avoid necessary conversations because you are afraid of losing clients, or get caught in fear and say yes when you really need to say no. Getting some support in owning your (healthy) authority as a clinician and business owner can help you stay on track.
Next steps: Go back to the quiz and take a look at the areas that are most difficult for you. Make an intention to carve out regular time dedicated to working on your relationship with money. This might include some individual consultation to explore your personal money story and the fears around making or having money, or a course like the Money Matters Deep Dive. If you really want to dig into the clinical so you feel more confident handling the symbolic side of things with your clients, consider the Money in the Clinical Dyad Study Group.
If you scored between 30-50 points:
It's probably not a surprise, but you've got some work to do around money in your practice.
You might be a kick-ass clinician, but you're at high risk for burnout because you aren't doing all you can to make sure that your practice truly nourishes and supports you. Guilt, shame, a lack of training around money, and all manner of inner conflict about money, business, and ambition can be keeping you in a cycle of giving lots to others, but neglecting your own needs.
Next Steps: If you want to start doing well while doing good, you are going to need to dig into your personal money story and understand how it impacts the business and clinical sides of your practice. Dealing with money head on is self-care, and it might be just the kind of self-care you need. The Money Matters Deep Dive might be a great place for you to start.
If you scored over 50 points:
The bad news is you are definitely under-earning. The good news is that it can change...
and by change I mean more dollars, a healthier money mindset, and more confidence to handle money issues in your practice. You might feel totally overwhelmed right now, but offer yourself some compassion, and know that there is help.
Next Steps: Start tracking your numbers immediately. You need to get real about your current situation, and face it with full honesty and compassion. I strongly recommend the Money Matters Deep Dive. If you truly cannot financially afford to invest in a course right now (i.e, you're choosing between rent and an online course) don't take the course. Instead, think about attending an Underearners Anonymous meeting, or checking out Overcoming Underearning by Barbara Stanny from your local library. When the time is right, you can take a more focused look at money and your private practice.
Take the Next Step
There's support for you wherever you are on the path to mastering money matters in your practice.
Get notified of when registration opens for the founding cohort of the Money Matters Deep Dive online course. Because I'll be asking you for feedback as you go through the course, the founding cohort will be offered a significanlty reduced rate.
A monthly exploration of money in the psychic and relational lives of our clients. This online class will meet via Zoom and include close reading of relevant papers, discussion, and exploration of case material. Enter your information below to be notified when registration opens.
Focused 1:1 consultation to help you understand your unique relationship to money and how it is impacting your business and clinical work. In person at my office in Oakland, Ca, or online via VSee.
©2019 Deb Lyman, LCSW
3824 Grand Avenue, Oakland, CA 94610
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