Tips to Build Wealth as a Therapist (for beginners)

Tips to Build Wealth as a Therapist (for beginners) Sign up for TherapyNotes and get two months FREE: https://www.therapynotes.com/r/privat... FREE Guide: Start a Private Practice in Counseling: https://tinyurl.com/y9ek9en8 I know it's often considered taboo for therapists to express an interest in building wealth, but I think we often confuse wealth with greed and those two do not have to go together. So in this video, I share some tools to help you develop healthy practices to build wealth as a therapist (even if you're just getting started!). A pivotal book that helped transform my mindset around wealth in my early 20s was The Millionaire Next Door: The Surprising Secrets of America's Wealthy by Thomas Stanley and William Danko: https://amzn.to/3AZyg6O (this is an affiliate link) Links Mentioned: Ziprecruiter: Mental Health Therapist Average Salary https://www.ziprecruiter.com/Salaries... Census Income in the United States: 2021 https://www.census.gov/library/public... Study: Average American's Savings Account Balance is $4,500 https://www.fool.com/the-ascent/resea... Bankrate Roth IRA Calculator https://www.bankrate.com/retirement/r... Forbes: Want A Pay Raise? Switching Jobs Has Much More Upside Amid Soaring Inflation https://www.forbes.com/sites/ethanste... Video: Retirement Plans in Private Practice    • Retirement Plans in Private Practice   How to Tell Clients You’re Raising Your Rate (and Sample Rate Increase Letter!):    • How to Tell Clients You’re Raising Your Ra...   00:00 Intro 02:14 Build Wealth Right Away 03:14 Know Your Numbers 05:05 Live Below Your Means 06:40 Invest Right Away 09:14 Change Jobs/Raise Your Rate 10:57 Watch for Lifestyle Inflation 12:11 Diversify Investments & Income 13:09 Closing Thoughts 14:33 TherapyNotes LINKS *Some links are affiliate links. A percentage of purchases come back to me and help my channel immensely! 👉 How to DIY a Therapist Website that Fills your Practice: https://privatepracticeskills.teachab... 👉 Private Practice Skills Merch: https://teespring.com/stores/private-... 👉 All my filming gear: https://kit.co/privatepracticeskills/... 👉 Music I use: https://www.epidemicsound.com/referra... This video is geared for therapists of all kinds, including psychologists, MFTs, LPCCs, social workers, and others in the clinical counseling field. Welcome to Private Practice Skills! I’m Dr. Marie Fang, psychologist in private practice. I post videos offering tools I learned the hard way about starting and growing private practice so that you don’t have to. www.privatepracticeskills.com Facebook: www.facebook.com/PrivatePracticeSkills/ Insta: PrivatePracticeSkills Music from Epidemic Sound: https://www.epidemicsound.com/track/Y... This video is not intended as professional or legal advice. Be sure to seek the services of a professional if you are in need of them.