I think a lot of counselors struggle with this, mostly because it's really hard to make more money in our field. Many of us are tied to insurance, so we can't raise our rates.
Most wealth is built by starting a business. But the typical businesses we start—group practices—are really hard to make lucrative.
So, at best, we default to saving more.
At worst, it feels so hopeless that we throw up our hands, spend what we want, and hope it works out.
A third option is to start a therapy-adjacent business—one with low overhead and high margins. Something like tutoring for the NCE.
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