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186: Being Honest With My Business Finances: Melvin Varghese, Ph.D
Today’s solo episode is an honest look at my journey as a business owner, especially concerning finances and business expenses. I always try to be transparent with you about my successes, and I think it’s equally important to be honest about the struggles, too. As we take a look back at how I structured my business to pay myself and track my expenses, you’ll see that I became less cautious with my spending. It was the principles set forth in a popular book that set this personal finance junkie on the happy path to saving money, managing profit, and finding peace.
You can read the full show notes at: Session186
Mentioned in this episode:
Thrizer
Thrizer can help private pay therapists transform out-of-network therapy into an in-network experience to help you attract and retain private pay clients! First, Thrizer can help you instantly verify your client's out-of-network benefits ahead of their first session using Thrizer's free Instant Benefits Calculator. Then, just by charging clients via Thrizer's payment platform, you can automatically submit claims for them and even let your clients just pay their co-insurance for sessions (similar to in-network copays) to help them afford therapy upfront and skip the reimbursement wait post-deductible. Thrizer covers the rest of your fees upfront and waits for reimbursement on their behalf! They also have a Superbill Uploads feature if you'd like to instead offer your clients a resource to manage their own superbills. They manage all claims end-to-end so you or your clients don't need to deal with any of the insurance stress. Please visit sellingthecouch.com/thrizer and enter the promo code “STC” and receive waived fees for your first $2500 in charges.
Today's Sponsor is Turning Point HQ
Don't let your own money blocks rob you of your future financial security. Turning Point HQ is a financial planning company specifically for therapists. They've created a free guide to help you avoid the 7 money mistakes that most therapists make. Download the free guide today!
We'd LOVE To Partner With You!
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