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In this conversation, Daj and Kristen explore the intricacies of financial empowerment for therapists and clinicians. Kristen shares her journey from being a speech language pathologist to a financial coach, emphasizing the importance of financial literacy, mindset shifts, and practical strategies for managing finances in private practice. The discussion covers common financial mistakes, pricing strategies, and the significance of investing in oneself to build a successful business. Kristen encourages listeners to take actionable steps towards their financial goals and highlights the importance of separating personal and business finances.
Takeaways:
- Kristen's background in financial literacy shaped her approach to coaching.
- Transitioning from employee to entrepreneur requires a solid exit strategy.
- Mindset shifts are crucial for therapists to embrace financial success.
- Mixing personal and business finances can lead to significant mistakes.
- Establishing a budget and understanding expenses is essential for new business owners.
- Therapists should research local pricing to confidently set their rates.
- Investing in oneself is key to long-term success in business.
- Building an emergency fund can provide financial security during slow months.
- Feeling respected in the workplace is as important as financial compensation.
- Setting clear financial goals can guide therapists towards their desired future.
