Published on:

24th Aug 2023

ENCORE: How To Invest Intelligently: Top Tips From A Certified Financial Planner

I have to admit that the topic of personal finance excites the nerd in me. I love reading and learning more about all things around finance! Investing intelligently and planning for retirement are often intimidating areas in which we can always benefit from expert advice. Join us to learn how you can make solid investment decisions and better prepare for your future.

Our Featured Guest-Dave Frank, Certified Financial Planner

Dave Frank is the founder of Turning Point Financial Life Planning, which focuses on helping clinicians in private practice manage their retirement and finances. Dave has the heart to empower therapists around money and finances so they can be more present and centered in all areas of personal and professional life. In today’s show, we will begin by looking at the information and misinformation about investing that have come forward during the pandemic. Dave shares strategies for financial management, including why investing in the stock market is a good idea. Our conversation turns to retirement options for solo and group practitioners and a brief look at cryptocurrency.

Turning Point Financial Life Planning

Use the promo code “STC” for 20% off Dave’s Quick Start Coaching Intensive!

You’ll Learn

●     Why most people don’t know the basics of sound investing

●     Why “passively managed, low-cost, tax-efficient mutual funds” are the best tools for long-term investing---(Dave explains the terminology!)

●     The difference between investing and gambling for long-term financial goals

●     The important question about investing: What are my goals?

●     The basics of mutual funds

●     A sound and simple investing strategy that Dave recommends

●     Why your allocations should shift to funds with less volatility and less return as you near  retirement age

●     Dave’s investment advice for beginners about getting started with target-date accounts and emergency savings

●     Why solo practitioners should be careful not to overcontribute to a retirement account

●     Dave’s opinion about investing in cryptocurrency--does it make sense for therapists?

I know that many of us want to launch a successful online course whether it's to share our message with a larger audience or to diversify our income beyond 1:1 work.

Speaking from personal experience, I also know that there are a ton of barriers to getting started: the tech, the mental hurdles, being unsure of whether our course will make money, or even how to market and grow our online course.

Online Course School is a live 8-week cohort-based experience where you'll gather with other therapist course creators to create your online course. It includes teaching workshops from Mel and the STC team, weekly assignments, and opportunities to work together to get things done.

By the end of our time together, you'll have your lessons and modules outlined, know what tech, software, and platform you need to record your online course, have a working sales page, and have a concrete growth plan for your online course.

We'll be launching our first cohort in Sept 2021 with six members. If this sounds like something you'd love to be a

part of, please check out my free A to Z Online Course Guide.

The guide will help you learn from my mistakes over the past 6+ years of being an online course creator and the lessons I've learned from moving the Healthcasters podcasting course from a $297 first sale to over 275 students and passing the $200k revenue mark in 2021.


Want to launch your online course?

Please check out our free 7-Day Course Creator Starter Kit For Therapists: https://sellingthecouch.com/coursekit

Looking to launch a successful podcast?

Please check out our free "Using Podcasting To Grow Your Business" workshop for therapists:


Mentioned in this episode:

Need Community Support? Join the Mastermind

If you are a seasoned therapist, and you are wanting to move from clinical to online course income, we actually have a specific mastermind for therapists who are doing this. We meet together to build and grow and scale our online courses. You can learn more about that mastermind over at https://sellingthecouch.com/mastermind.

Struggling with documentation and progress notes? Meet Upheal.

A new AI- powered, HIPPA-compliant platform that creates automated session notes and analytics for busy mental health professionals. Whether online or in person, Upheal captures your sessions and creates pre-drafted progress notes and insights that you can simply review and edit. And, it even creates Treatment plans with SMART goals included! Visit https://sellingthecouch.com/upheal and enter the promo code “COUCH25” for a special 25% off a paid plan for the first 2 months just for STC fans.

Show artwork for Selling the Couch

About the Podcast

Selling the Couch
Impact + Income Beyond The Therapy Room
With over 1.5 million downloads, Selling the Couch is a top podcast for mental health private practitioners who think differently.

Psychologist Melvin Varghese interviews successful therapists, top entrepreneurs, business/marketing, productivity, and social media experts.

You'll learn how therapists get referrals, make money, work through fears, and how they've stopped "trading time for income."

Melvin also shares the lessons as he grows his impact + income beyond the therapy room (podcasting, video, online courses, masterminds, investing, etc) and the tips, tools, and tech he uses to grow STC from a single-person business to the CEO of a 5-person 100% remote team.

You get bite-sized and highly actionable tips to guide your private practice and entrepreneurial journey.

About your host

Profile picture for Melvin Varghese, PhD

Melvin Varghese, PhD

Hi. I'm Melvin. I'm a psychologist, girl dad, and online creator living in Philadelphia, PA.

In 2014, I began to think about how to use our therapist skillset in different realms besides clinical work (e.g., podcasting, consulting, online course creation, writing, etc).

This allows us to serve others on larger scales while diversifying our income beyond 1 to 1 work.

I make podcasts and videos about business, tech, productivity, and lessons I'm learning from becoming the CEO of a lean, mean 5 person 100% remote team (we're not really mean..it just rhymed =P).