{"version":1,"type":"rich","provider_name":"Libsyn","provider_url":"https:\/\/www.libsyn.com","height":90,"width":600,"title":"Penny Wise and Pound Foolish: Thoughts on investing and getting paid as a therapist","description":"Penny Wise and Pound Foolish: Thoughts on investing and getting paid as a therapist Curt and Katie chat about money: considerations for investing and getting paid as a therapist.  We look at typical unpaid opportunities and how to decide whether to do them. We also talk about client care practices that may take time, but could keep clients.   Transcripts for this episode will be available at mtsgpodcast.com! In this podcast episode we talk about money mistakes that many therapists make We talk a lot about making sure that therapists get paid, but thought it was worth talking about when therapists should invest in their business and when they may want to work for free.   What are the lessons Curt and Katie learned around investing in their businesses? Electronic Health Records\/Practice Management systems are very helpful Automation helps your business to run without you Sometimes visibility is worth working for free How do you decide if you should do something for your business? \u201cI gave a presentation, it's gotta be more than 10 years ago at this point, for a group of students. I think, like five people showed up\u2026  But I still get referrals from one of the people who came there. And it turned into a really wonderful relationship, because I sounded like I knew what I was talking about.\u201d \u2013 Curt Widhalm, LMFT What are the practical benefits and challenges? What are the other potential benefits (like enjoyment)? What is the investment of time, money, and expertise? What is the return on investment? Specifics on deciding to take unpaid work \u201cThere are elements of this where it's really looking at is the audience strong enough? Is there any money eventually? And do you actually want the referrals from the audience that you're going to be in front of? Because if all of those things are yes\u2026 I would consider \u2013 at least the first time out \u2013 doing some content creation (because I love content creation) without getting paid to see does it actually pan out. But you want to make sure you track that to determine: am I going to actually get anything from this this relationship and from this work that I'm doing?\u201d \u2013 Katie Vernoy, LMFT What new relationships will be developed? Will you get visibility with the audience you\u2019re seeking? Will you obtain access to relevant learning? Is the entity that is asking you legit and established? Are there other forms of compensation (like photos or videos)? Are you able to get clients from this work? (And what are new clients worth to you?) Client care versus getting paid \u201cI don't think it's helpful, at least not for customer service purposes, to view your client as trying to take advantage of you.\u201d \u2013 Katie Vernoy, LMFT Setting up appropriate boundaries and policies Avoiding additional costs, if you can (i.e., setting fees in a private pay practice to include these extras) Resources for Modern Therapists mentioned in this Podcast Episode: We\u2019ve pulled together resources mentioned in this episode and put together some handy-dandy links. Please note that some of the links below may be affiliate links, so if you purchase after clicking below, we may get a little bit of cash in our pockets. We thank you in advance! Our Linktree: https:\/\/linktr.ee\/therapyreimagined Relevant Episodes of MTSG Podcast: Why You Shouldn\u2019t Just Do It All Yourself: An interview with Bibi Goldstein Why You Shouldn't Sell Out to Better Help: An interview with Jeff Guenther I Just Graduated, Now What? Career Advice for New Clinicians   Who we are: Curt Widhalm, LMFT Curt Widhalm is in private practice in the Los Angeles area. He is the cofounder of the Therapy Reimagined conference, an Adjunct Professor at Pepperdine University and CSUN, a former Subject Matter Expert for the California Board of Behavioral Sciences, former CFO of the California Association of Marriage and Family Therapists, and a loving husband and father. He is 1\/2 great person, 1\/2 provocateur, and 1\/2 geek, in that order. He dabbles in the dark art of making "dad jokes" and usually has a half-empty cup of coffee somewhere nearby. Learn more at: www.curtwidhalm.com Katie Vernoy, LMFT Katie Vernoy is a Licensed Marriage and Family Therapist, coach, and consultant supporting leaders, visionaries, executives, and helping professionals to create sustainable careers. Katie, with Curt, has developed workshops and a conference, Therapy Reimagined, to support therapists navigating through the modern challenges of this profession. Katie is also a former President of the California Association of Marriage and Family Therapists. In her spare time, Katie is secretly siphoning off Curt's youthful energy, so that she can take over the world. Learn more at: www.katievernoy.com A Quick Note: Our opinions are our own. We are only speaking for ourselves \u2013 except when we speak for each other, or over each other. We\u2019re working on it. Our guests are also only speaking for themselves and have their own opinions. We aren\u2019t trying to take their voice, and no one speaks for us either. Mostly because they don\u2019t want to, but hey. Stay in Touch with Curt, Katie, and the whole Therapy Reimagined #TherapyMovement: Patreon Buy Me A Coffee Podcast Homepage Therapy Reimagined Homepage Facebook Twitter Instagram YouTube   Consultation services with Curt Widhalm or Katie Vernoy: The Fifty-Minute Hour Connect with the Modern Therapist Community: Our Facebook Group \u2013 The Modern Therapists Group Modern Therapist\u2019s Survival Guide Creative Credits: Voice Over by DW McCann https:\/\/www.facebook.com\/McCannDW\/ Music by Crystal Grooms Mangano https:\/\/groomsymusic.com\/ ","author_name":"The Modern Therapist's Survival Guide with Curt Widhalm and Katie Vernoy","author_url":"https:\/\/therapyreimagined.com\/podcast\/","html":"