Session 256: Emotional And Professional Aspects For Clinicians to Consider Around Money with Michael Spencer, MS

Overview

Today’s show covers a topic we’ve talked about before, but there are many aspects for a clinician to consider around money. The topic carries many nuances and emotional ties, so we need to have continuing conversations about how we feel and think about money.

Michael Spencer is a holistic declutter coach. She has an interesting background in the accounting/auditing space prior to transitioning to a career in the mental health field. Surprisingly, Michael found that she wasn’t very grounded in her thoughts around money, and she’s open and willing to share her experiences with us. Struggling to charge for her worth impacted her creativity and overall work. In today’s show, we’ll break down what Michael was taught about money as she grew up, how these realizations impacted her career, and what she has learned about the deeper work around money. Michael also shares how she’s moving forward in what she’s learned.

What We’ll Learn

    • What Michael was taught about money as she grew up
      • “You can’t make money doing something you love.”
      • “If you make money, you’ll be obligated to share with your family.”
      • “Is wanting more asking for too much?”
    • Misconceptions around making money: “I was almost keeping myself poor, so I wouldn’t have to set boundaries around money.”
    • How Michael found the courage to address the guilt and skewed thinking around money and income
    • How Michael’s commitment to her husband and marriage was affected by her attitudes about money
    • How Michael found hope through therapy and educating herself
    • How money narratives have impacted her career, allowing her to get clear about marketing and helping her over hurdles and blocks to her creative energy
    • Why confidence and self-esteem issues are closely linked to our money attitudes
    • Three realizations for Michael:
      • The need for emotional boundaries around family
      • Feeling grounded and empowered in adulthood
      • Being an equal partner to her husband in contributing to the household
    • Why Michael is most proud of showing up for herself, clients, her husband, and family in clearer ways

Resources Mentioned

Find out more about Michael’s practice and her podcast:  Let’s Purify

Book mentioned in the interview: Overcoming Underearning by Barbara Stanny

Between writing notes, filing insurance claims, and scheduling with clients, it can be hard to stay organized. That’s why I recommend TherapyNotes. Their easy-to-use platform lets you manage your practice securely and efficiently. Visit TherapyNotes to get two free months of TherapyNotes today, just use the promo code Melvin when you sign up for a free trial at TherapyNotes.com.

Thank You for Listening

I know that our lives are busy, and I’m grateful that you took the time to listen to this week’s podcast. If you enjoyed today’s episode, please share it with our colleagues and friends using the social media buttons on this page. Please consider leaving an honest rating and review for the podcast on iTunes as this helps the podcast reach more of our colleagues who want to build successful practices. Finally, feel free to join over 4,000 of our colleagues who are signed up for the Selling the Couch newsletter. You’ll learn valuable tips to build and grow your practice and get the podcast episodes delivered right to your inbox. You’ll also get FREE access to The Tax Write-Off Check List for Mental Health Private Practitioners.

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