Episode 125: Charge your Full Fee with Confidence (with Alyse Freda-Colon) Artwork

Therapy For Your Money

Welcome to Therapy for your Money, a podcast about all things money and finance for private practice owners! If you are ready to feel confident and in-control of your financial life, then you are in the right spot. Therapy for our Money is hosted by Julie Herres, the CEO and Founder of GreenOak Accounting. She and her firm specialize in working with private practice owners across the United States, and have assisted hundreds of private practices with increasing their financial stability and profitability. She is on a mission to share her best practices she's learned along the way through her successful career as an accountant, discusses financial topics with a wide variety of guests, and help her listeners make data driven decisions to help their businesses.

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Therapy For Your Money

Episode 125: Charge your Full Fee with Confidence (with Alyse Freda-Colon)

January 19, 2024 • Julie Herres • Season 4 • Episode 124

In this enlightening episode of "Therapy for Your Money," host Julie Herres dives into the crucial topic of embracing your full fee as a therapist and getting comfortable with it. She is joined by Alyse Freda Colon, a seasoned therapist with 18 years of experience in private practice.

Shifting the Mindset Around Fees
Alyse encourages therapists to recognize the immense value they provide through their work and to overcome the fear of charging their worth. As she aptly puts it, "We are doing kick-ass life-changing work, and you need to acknowledge that you are providing a very valuable service."

Transitioning from Insurance to Private Pay
The episode delves into the process of transitioning from accepting insurance to practicing on a private pay basis. Alyse's experience serves as a powerful reminder that therapists have the right to set their fee structures based on their own needs and circumstances.

Overcoming the Fear of Charging Your Worth
Challenging the notion that therapists shouldn't focus on making money, Alyse emphasizes the importance of confidently charging your worth. She advocates for therapists to take ownership of their fee structures without apology or hesitation.

Action Steps

💡 Tip 1: Own Your Value "Therapists provide life-changing work. Acknowledge the value you bring and don't shy away from charging what you're worth." - Alyse Freda Colon
💰 Tip 2: Shift Your Mindset "Stop telling yourself you can't make money. Change your money mindset to attract abundance and financial success." - Alyse Freda Colon
🗣️ Tip 3: Confident Communication "When stating your fee, be firm and silent. Avoid justifying or apologizing. Your fee reflects your expertise." - Alyse Freda Colon
📆 Tip 4: Choose Sustainable Fees "Set a fee that supports your life and practice. Sustainability ensures you provide quality care while thriving financially." - Alyse Freda Colon
🚀 Tip 5: Embrace Specialization "Specialized therapists can confidently charge higher fees. Your expertise deserves appropriate compensation." - Alyse Freda Colon

The episode serves as a reminder that therapists provide invaluable services and deserve to thrive in their businesses. As Alyse aptly states, "We gotta stop all the shaming around therapists who want to do good work and make a good living." With determination and a renewed perspective, therapists can embrace their financial worth and achieve sustainable success in their private practices.

LINKS & RESOURCES

GreenOak Accounting - www.GreenOakAccounting.com
Therapy For Your Money Podcast - www.TherapyForYourMoney.com
Profit First for Therapists - www.ProfitFirstForTherapists.com
Profit First Academy - https://www.profitfirstfortherapists.com/academy
Book Recommendation: You are a Badass at Making Money
Get support from Alyse: Coaching WIth Alyse
Alyse Freda-Colon Therapy Page

Podcast Production and Show Notes by Course Creation Studio