She reached out through another blogger offering to share her own experience of introducing multiple and passive streams of income into her private practice. This blog post discusses how to work smarter not har der by leveraging your knowledge, experience, and expertise into creating your own exciting and profitable income streams. Therapists who have multiple income streams not only increase their earnings, but also decrease burnout and compassion fatigue as they no longer rely solely on their therapy hour for financial security. Creating multiple income streams is not just for the fearless or tearless, the super therapist, the extroverted, or the wonder woman or superman therapist. It is not reserved for the financial guru, creative genius, or for the marketing or tech wizard. Any therapist can develop an additional income stream with the right support, information, and some good old-fashioned elbow grease. For therapists and coaches, this is anytime when we are required to be physically present e. While active income earning is how most of us were trained to earn a living by our parents, teachers, and society, it is important to remember that at the end of the day there is only one you. How counselors make extra money means that there are only so many days and hours of the week that you are able to work face-to-face or by phone with one-on-one clients or devote to a project. Creating a practice that is only supported by an active income stream greatly increases the potential for burnout over time. However, remember that how counselors make extra money must take out taxes, office expenses, supplies, support, and rent minimally. That said, my hope and encouragement is that you are also setting aside money each pay period for sick leave and vacation time and paying into a retirement account. Even if this is enough income for you without adding another income stream.
How to Make Extra Money Online
Are you looking to develop passive income, add groups to private practice, find out how to launch products or programs and have multiple streams of income as a therapist? Watch this free training about how to make money beyond the couch. Read this following, and then check out the free video training on this page today. It is important to know that you can make a great, sustainable income simple seeing clients. However, you can also choose to create a sustainable private practice with more variety in how you make an income. We have a 60 minute free video training below if you prefer to learn via video. But here are some things to know if you are exploring options for multiple streams of income:. The first thing to realize, is that you don’t necessarily need to get additional training in order to create another stream of income. Much of what you do every day has been preparing you for that new stream of income. Those formats can include groups, in person speaking, online speaking, writing, retreats, intensives, consulting, supervision, training, certifications, and so much more. While you can get retooled and retrained- the truth is you have amazing skills. Here are some examples of how therapists have translated their therapy skills and tools into income streams:. Create a group therapy course in person that allows you to work with multiple people at once for an income stream. Package and sell a group therapy curriculum that you have successfully run to other professionals. Speak to community groups and share a tool or psycho-education that you share in therapy with groups. Create a video, audio, written, or online training that your community or clients could benefit from. Re-packaging a therapy intervention into a game, deck of cards, or book for clients to use at home, or therapists to use with their clients. Packaging interventions you’ve used successfully into an in-person, online, written, video, or audio training or certification that other therapists can benefit from. It is important that you make money from the projects you put together, BUT it isn’t all about the money. Here are the reasons why you need to make money- BUT it really has nothing to do about money. You need to make money to sustain the work. The truth is, money is a resource, like time. Receiving income from a project allows you the luxury of carving out time to do it regularly without choosing between losing income, sleep, or self-care time. Your work could change the world.
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Last month I discussed how I was really evaluating how I can find a balance between creating income and enjoying life. I love writing for Practice of the Practice and also finding new and innovative ways to learn how to make extra money. However, it can be sort of addictive. This month has been a month of seeking that balance. I have started scheduling more time with one of my best friends over my lunch hours. If I can optimize my blog posts to create a larger audience, that will mean I need to do less work marketing. Also, since making changes to the way my newsletter sign-up pops up, my e-mail list has doubled!
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How I’m finding a balance
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7 Side Jobs To Make Extra Money (2019)
How to Make Extra Money With a Side Job
To me, ideas are worth nothing unless executed. They are just a multiplier. Execution is worth millions. There is a natural developmental cycle many therapists in private practice go. Being a Licensed Professional Counselor Supervisor and having provided consultation services to therapists across the country for the last eight years, I can coundelors with confidence that this pattern is normal. For others, it may mean finding another way to make money. In maie to starting a group practice, you might also consider these other ways to make money:.
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