How Much Do Counselors Actually Make?

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  • เผยแพร่เมื่อ 21 พ.ย. 2024
  • Earning $100,000 per year as a counselor, therapist, or psychologist in private practice is the goal for many, but how realistic is it, really? What does making $100,000 per year really mean, how much do you need to charge to actually make $100,000 per year? Start learning in this video about therapists' private practice salary, how to set your fees, how much you need for insurance and retirement, and much more.
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ความคิดเห็น • 297

  • @PrimaveraPracticewithPurpose
    @PrimaveraPracticewithPurpose ปีที่แล้ว +120

    I worked 3-4 days a week and made 6 figures my first year. That was just the beginning. Strategy works!!!

    • @selfconceited29
      @selfconceited29 ปีที่แล้ว +10

      Wow was this in private practice? Please give more details

    • @veemonie5131
      @veemonie5131 24 วันที่ผ่านมา

      @@selfconceited29Could you give me some tips ?

  • @LewisPsychology
    @LewisPsychology 4 ปีที่แล้ว +537

    I’ve been running a private practice for 25 years. This is the most accurate and common sense video on private practice. Thank you.

    • @privatepracticeworkshop5045
      @privatepracticeworkshop5045  4 ปีที่แล้ว +32

      oh my, that is high praise! thank you for that, it means a lot to me!

    • @843Ramon
      @843Ramon 3 ปีที่แล้ว +9

      I want to go to school and hopefully run my own practice. Can you give me advice on what my first steps should be. Thank you

    • @bieberwastaken2402
      @bieberwastaken2402 3 ปีที่แล้ว +9

      @@843Ramon he made a video titled “if I had to do it all over again” or something look at it maybe it could help you

    • @dewannaglow8365
      @dewannaglow8365 2 ปีที่แล้ว +16

      25 years?! 😭 you look so young. You’ve def been practicing since 10 years old or something lol

    • @LewisPsychology
      @LewisPsychology 2 ปีที่แล้ว +13

      @@dewannaglow8365 thank you. I’m in my early 50’s.

  • @russman109
    @russman109 ปีที่แล้ว +50

    I’m in the middle of my master’s program in counseling. A major reason I chose this field is because of financial and professional autonomy factors. I helped to run a company for over 10 years and know the ins and outs of business finance. A private practice is a radically more simple business model than trying to run a company and sell product. Calculating out a per session fee and client caseload should not “baffle” anyone who’s got a basic understanding of math. Most private counselors in my area charge no less than $130 per 50 minute session, and some go up to $185 / session. Even at the low end, it doesn’t seem unreasonable to make solid income.
    The other benefit, is that what if you don’t “need” to make $100K? For example, let’s say you have your own personal life event, like the death of a family member, and you want to work part time for a few months. Well, under your own private practice that’s also totally doable, and you’re not going to piss off some grumpy boss who pays your salary. The autonomy factor for me is huge.

  • @higherpowerlifting5065
    @higherpowerlifting5065 4 หลายเดือนก่อน +24

    I left a 6 figure executive director role to go into private practice for the exact reason you mentioned, it is not job security, it’s selling your life and sanity off to make someone else’s business work. You have no control.

    • @TTau_24
      @TTau_24 19 วันที่ผ่านมา

      How’s it going now? I’m just curious because I am leaving my construction career to pursue counseling

  • @MrRASH-ig3vc
    @MrRASH-ig3vc 4 ปีที่แล้ว +305

    The salary for a licensed clinical and mental health counselor is all over the place online. I appreciate how you put things into perspective.

    • @privatepracticeworkshop5045
      @privatepracticeworkshop5045  4 ปีที่แล้ว +9

      So glad it was helpful!

    • @vitorcsouza14
      @vitorcsouza14 3 ปีที่แล้ว +11

      Right?? It makes people even scared to join the field based on the salaries that are out there alone. Do you think LMHC can use this model and make this much?

  • @Ureyeuh
    @Ureyeuh 3 ปีที่แล้ว +154

    The fact that these videos have less than 20k on them makes me feel like I've discovered some sort of secret that I desperately don't want anyone else to know about haha

    • @privatepracticeworkshop5045
      @privatepracticeworkshop5045  3 ปีที่แล้ว +7

      thanks dude :) help me get them all above 20k!

    • @authenticmanstan797
      @authenticmanstan797 2 หลายเดือนก่อน +2

      Now it’s a little over 120k views, people are slowly catching on haha. Yet still in the underground

  • @behavioralhealthintegration
    @behavioralhealthintegration 4 ปีที่แล้ว +271

    I wish graduate schools would teach this kind of stuff. Thank You

    • @privatepracticeworkshop5045
      @privatepracticeworkshop5045  4 ปีที่แล้ว +17

      Me too, Jacob! But until then, I've got a lot of work to do! :)

    • @TheMichelex20
      @TheMichelex20 4 ปีที่แล้ว +2

      Right!

    • @MentalHealthwithMelissa
      @MentalHealthwithMelissa 3 ปีที่แล้ว +1

      I agree!

    • @kingb1706
      @kingb1706 3 ปีที่แล้ว +3

      I was lucky to have had a professor who taught us some of this information but your correct graduate school doesn't touch on this topic.

  • @queserasera87
    @queserasera87 2 ปีที่แล้ว +123

    Making six figures in private practice gives us the ability to build a large amount of savings and investments, and that offers far more security than any other type of job--and with a much healthier schedule and frequency of sessions! Totally worth it, if you ask me.

    • @TherapistRebecca
      @TherapistRebecca ปีที่แล้ว +2

      I agree 💯

    • @DJohnsonPsy
      @DJohnsonPsy ปีที่แล้ว +1

      Really... Try It!

    • @DJohnsonPsy
      @DJohnsonPsy ปีที่แล้ว

      Sure, A Large Amount Of Savings & Investments, Etc. No Mention Of Pro Bono Work. And, I Don't Know If You're Psychologists,Or How Long You've Practiced? But, If You Went To Graduate School For 10+ Years x2 Masters & A Ph.D. In Experimental & Developmental/Clinical]... And, For The Life Of Me I Cannot Think Of anything IK ow Or Can do That Would EVER Make Me Worth $200.⁰⁰ For 50 Minutes?? If You Do, It's Random Ego.
      The Universe OR God Blessed You With A Talent, A Gift... So, Start Giving Some Of That Gift Away... ALL People Deserve Your GIFT, NOT JUST THE ONES WITH THE COLD HARD CASH!
      Just HOW Much Money Does A Person NEED? WOW! ~Dr. J.

    • @queserasera87
      @queserasera87 ปีที่แล้ว +7

      @@DJohnsonPsy It's glaringly obvious that you don't work in mental health because, if you did, you would have never commented with any of that. You should have done your research before making accusations and dictating to others.

    • @DJohnsonPsy
      @DJohnsonPsy ปีที่แล้ว

      I Hope NONE Of Y'all Work In Mental Health... I Was NOT Dictating, I Was Simply Expressing My Experiences & TRUTH, Which Apparently Many Did Not Like... TOO BAD. You'd Think You'd Be Happy To Have The Advantage Of Same... Not Wanting It = FOOL! Dr. J.

  • @mgo810
    @mgo810 4 ปีที่แล้ว +193

    Yea I was basically told half way through graduate school I should not expect to make much money at all. Starting out around 40k a year. I’m like whaaaa! A master level clinician, the rigor of the work and the standards we are held to as well as the additional hoops we through to get licensed.... seems crazy anyone at that level should be making less than 70k a year baseline. It’s criminal that a licensed therapist makes any less than that. I don’t get how the value of work gets determined. The need for mental health providers is through the roof and there are not enough in the field. I wonder why.... only 40 k a year after working to get a masters degree no wonder no one wants to go into the field.

    • @terseandtiny1746
      @terseandtiny1746 3 ปีที่แล้ว +18

      If you work for a non profit or agency, 40k makes sense.

    • @privatepracticeworkshop5045
      @privatepracticeworkshop5045  3 ปีที่แล้ว +10

      crazy :)

    • @casandraramirez11
      @casandraramirez11 ปีที่แล้ว +3

      This scares me because a programI just got accepted to here in California is so expensive! I have no idea how I’ll be able to afford living and paying student loans

    • @DMillerFlorida
      @DMillerFlorida ปีที่แล้ว +2

      My sister owns a practice and she bills medicaid. My brother and sister in law do the management.
      With 19 therapists under belt.. and only pays them max $35 an hour.. she has made over a million in her first year.
      She was working for a therapist and he made the mistake of paying her to do his work. She packed up her bags as soon as she got her doctorate and stole his therapists and he died the next day from a heart attack.. she says. I'm wondering if he committed suicide.

    • @Murphator
      @Murphator ปีที่แล้ว

      Well societies "standard" for people that need it the most is to "not kill themselves" sadly.... the public has little regard for the average himans need to "thrive"

  • @jeffhartwig5283
    @jeffhartwig5283 3 ปีที่แล้ว +38

    I have my private practice and have always calculated weekly sessions needed at X dollars to hit a monthly goal to see I am on track to make my yearly goal. Thanks for the info, good stuff. I do like to work part-time and attempt to calculate for cancellations and no-shows.

    • @nered7522
      @nered7522 2 หลายเดือนก่อน +1

      How's it going ? & which state are you ?

  • @Vincenza8907
    @Vincenza8907 4 ปีที่แล้ว +86

    Thank you. You have given me hope that I won’t be broke and penniless. You should share this information with Kati Morton.

    • @behavioralhealthintegration
      @behavioralhealthintegration 4 ปีที่แล้ว +2

      lol I was just going to say that!!! I have a feeling Kati would be like ugh no! lol

    • @user-lu4xp7iv8c
      @user-lu4xp7iv8c 4 ปีที่แล้ว +4

      Vincenza8907 honestly, I want to be a therapist but I didn’t really think it was good pay

    • @Vincenza8907
      @Vincenza8907 4 ปีที่แล้ว +6

      noshaigirl it depends on the route you go and the effort you put into marketing you business. Private counselors can be pretty comfortable. Don’t cheap out on yourself and know your worth is the biggest advice I’ve been given from small business owners and private counselors.

    • @terseandtiny1746
      @terseandtiny1746 3 ปีที่แล้ว +2

      @@user-lu4xp7iv8c you could also work for an agency but know that you trade so much of your freedom.

    • @privatepracticeworkshop5045
      @privatepracticeworkshop5045  3 ปีที่แล้ว +4

      i don't know Kati, but someone should tag her :)

  • @adamskicoaching1893
    @adamskicoaching1893 4 ปีที่แล้ว +75

    I started a company however, I wont be licensed until I finish school in two years. For now I am just life coaching. I find this to be a great resource as I will slowly build my company and attract clients.

    • @privatepracticeworkshop5045
      @privatepracticeworkshop5045  4 ปีที่แล้ว +7

      So glad you're here, Mark!

    • @Beautydemos
      @Beautydemos 3 ปีที่แล้ว +7

      How are you marketing your life coaching currently?

    • @brimusaamv1410
      @brimusaamv1410 2 ปีที่แล้ว +1

      What type of life coaching are you doing?

    • @adamskicoaching1893
      @adamskicoaching1893 2 ปีที่แล้ว +5

      @@Beautydemos networking in my community with decision makers like parents/consultants or finding folks in parent support groups and just giving value and providing free support.

    • @adamskicoaching1893
      @adamskicoaching1893 2 ปีที่แล้ว +3

      @@brimusaamv1410 wilderness therapy coaching

  • @bradsmallwood
    @bradsmallwood 4 ปีที่แล้ว +50

    Excellent explanation of a process that baffles most therapists. Thanks for sharing this.

  • @barnandhome
    @barnandhome 3 ปีที่แล้ว +9

    Just had this conversation with my wife and told her, holy flip, I'm starting a counseling business for you and we'll invite other therapists to join!

  • @yourewelcomeamericathepodc1601
    @yourewelcomeamericathepodc1601 2 หลายเดือนก่อน +2

    I’m 3 months out of graduate school with my LMSW and I’m on track to make $115k my first year. Most of my classmates are making a $70k salary. Hard work, putting in the hours. The opportunities are there, just work your ass off.

  • @evolvingstory2024
    @evolvingstory2024 ปีที่แล้ว +2

    wow, learned more in less than 10 minutes, than I have with hours of research and workshops.

  • @Anthony-ov8jq
    @Anthony-ov8jq 2 ปีที่แล้ว +37

    I have a buddy who makes 200k a year through private sessions, consultation, and supervision but works his assssss off. I work part time but like the private practice and make more and work less than in an organization. Also because we live in a rural area the areas are not saturated with practitioners so we can make more. Great video very accurate.

  • @taylorwhaley9901
    @taylorwhaley9901 4 ปีที่แล้ว +16

    This is so helpful! I'm taking my MFT licensure exam on the 16th my plan is to get out of agency work going into private practice

    • @privatepracticeworkshop5045
      @privatepracticeworkshop5045  4 ปีที่แล้ว +5

      so glad it helped! good luck on your journey--commit to the private practice decision fully and don't look back!

    • @seema7925
      @seema7925 4 ปีที่แล้ว +2

      @Taylor Whaley do you have any idea on how International students can take their license after completing their masters ? Is it the same process or theirs something different?

    • @privatepracticeworkshop5045
      @privatepracticeworkshop5045  4 ปีที่แล้ว +1

      @@seema7925 all depends on your country...a quick google would be a good idea here :)

    • @seema7925
      @seema7925 4 ปีที่แล้ว

      @@privatepracticeworkshop5045 thank you so much for replying

  • @kaleimaile
    @kaleimaile 2 ปีที่แล้ว +5

    No, $175 is average is Southern CA.

  • @greg9210
    @greg9210 3 ปีที่แล้ว +5

    Why the fuck don’t they teach us this in school this is what we need to be learning

  • @QveenShay20
    @QveenShay20 2 ปีที่แล้ว +2

    I'm thinking of opening a private practice (of course that's after school) and doing speaking engagements and even more in the long run, and videos like these are VERY HELPFUL AND MUCH NEEDED in this field

  • @ElementsForHealing
    @ElementsForHealing ปีที่แล้ว +1

    It's amazing how many people don't do this. You did a wonderful video..

  • @browardperson
    @browardperson 2 ปีที่แล้ว +2

    Most therapists, but not all, accept insurance reimbursement. That can typically be approximately $80 per session. One would have to determine how many insurance clients and how many direct pay clients they will likely need per week to end up with the desired income. Direct pay clients or more likely to in therapy sooner than insurance clients meaning there has to be a more frequent flow of new clients.

  • @NicholasJohnFilms
    @NicholasJohnFilms 4 ปีที่แล้ว +45

    This video is awesome. I’m considering pursuing a graduate degree and license in mental health counseling to hopefully open a private practice. Like another commenter said, salary information for this line of work is all over the place online.. I don’t even necessarily need to make 6 figures, but knowing that I won’t be broke is encouraging. It seems possible to make at least $70,000-$80,000 in this field, but a lot of people tell me I’ll be broke..

    • @privatepracticeworkshop5045
      @privatepracticeworkshop5045  4 ปีที่แล้ว +10

      you can totally do this!!

    • @kaleimaile
      @kaleimaile 2 ปีที่แล้ว +2

      70-80k in CA is not livable. I am going to open up my own PP in the fall and hope to make over 100k.

    • @davidpalandjian2008
      @davidpalandjian2008 2 ปีที่แล้ว

      @@kaleimaile If you dont mind me asking, where did you go to school and what degree did you get to become a therapist?

    • @kaleimaile
      @kaleimaile 2 ปีที่แล้ว +1

      @@davidpalandjian2008 , I went to a school in CA & got an MS in Counseling.

    • @Elizabeth-yx5on
      @Elizabeth-yx5on ปีที่แล้ว

      @@kaleimaile I'm highly considering grad school...have you been satisfied with your degrees thus far? I really need security and a comfortable life. I have a lot of anxiety about money. :( My parents & extended family give me $ for school so won't have debt.

  • @greg9210
    @greg9210 3 ปีที่แล้ว +2

    I rarely subscribe when someone says click the sub button but this channel deserves it .. awesome stuff man. This makes me feel hopeful about a career path change

  • @Ohforfusake
    @Ohforfusake 4 ปีที่แล้ว +11

    This is a very good point about a "secure" employment. It is not.

  • @Claybraham91
    @Claybraham91 2 หลายเดือนก่อน +2

    So, I start my grad program next semester and still have a ways to go. But in the meantime I'm wondering what all you need to do if you want to go private practice. Do you have to accumulate lots of marketing strategies, find an office building to purchase, create a website, business cards, or any other things I should be prepared to do?

  • @dylanzuniga2284
    @dylanzuniga2284 ปีที่แล้ว +3

    Damn, bro. This video is the real deal for entrepreneurs in the field of psychology. I like your mindset. It's more of a business owner than a "Healthcare" professional only. And I encourage others to follow your lead in this mindset.

  • @Jesslovetravels
    @Jesslovetravels 4 ปีที่แล้ว +7

    This video was extremely helpful thanks now I have a goal for my practice 😊

  • @ashlynsmith6218
    @ashlynsmith6218 4 ปีที่แล้ว +78

    About to start my grad degree to become a LMHC, and I've been VERY worried about income. Thank you so much for this info, I definitely feel more hopeful.

    • @BrookeLynn-sr6vy
      @BrookeLynn-sr6vy 4 ปีที่แล้ว +11

      Me too. I am giving up a full time job making good money and would be starting over once I get the grad degree

    • @Leo7-
      @Leo7- 4 ปีที่แล้ว +10

      The income will be even better if u will continue studying for the doctoral degree . I will take my Master in the coming months and I plan to keep studying until getting the PsyD degree

    • @diya8869
      @diya8869 3 ปีที่แล้ว

      @@Leo7- whats the difference between PsyD and PhD

    • @sarahlana5124
      @sarahlana5124 3 ปีที่แล้ว +3

      @@diya8869 Phd is research focused. PsyD is clinical focused

    • @Anthony-ov8jq
      @Anthony-ov8jq 2 ปีที่แล้ว +3

      You have to put in the work for a self owned practice just like any privately owned business but good money can be made.

  • @mercedezp.6289
    @mercedezp.6289 3 ปีที่แล้ว +5

    I currently manage a business but looking to continue my education to obtain a masters in the field of counseling.....your video was pretty basic and super easy to follow. ❤

    • @tchek24
      @tchek24 2 ปีที่แล้ว

      what business do you manage?

  • @sandylopez1069
    @sandylopez1069 ปีที่แล้ว

    My kind of conversation!!! This is so reaffirming!

  • @jayknight139
    @jayknight139 2 หลายเดือนก่อน +2

    I am not worried about paid time off when I can potentially over triple my income by having a private practice.

  • @josephkeres4604
    @josephkeres4604 ปีที่แล้ว +1

    I just got my LCSW. It’s scary thinking of going off on my own, but this guy has me thinking lol 🤔

  • @jazzyeefitness4640
    @jazzyeefitness4640 3 ปีที่แล้ว +2

    You are seriously a hidden gem. Thank you for all this information!

  • @codyrodrigues606
    @codyrodrigues606 4 ปีที่แล้ว +15

    I am still in school to get an msw right now but am interested in one day owning my own practice. How long should I practice for to gain experience before starting my own private practice?

  • @YogaLuva
    @YogaLuva 3 ปีที่แล้ว +3

    Great Channel. Formalizing my counseling qualification as we speak! ❤️

  • @keng6394
    @keng6394 3 ปีที่แล้ว +6

    20 sessions a week.. will take some time to build up such a client base. Are you talking about a MA or PhD level Psychologist?

  • @bambooaweightloss
    @bambooaweightloss 4 ปีที่แล้ว +4

    This was very helpful, thank you!

  • @irmamendez6034
    @irmamendez6034 2 ปีที่แล้ว

    This video was helpful. I am considering opening a private practice. I need a ton of help...

  • @ChiefRuckusMaker
    @ChiefRuckusMaker 3 ปีที่แล้ว +2

    John is the man. So much value here 💥

  • @ebonyedillard
    @ebonyedillard 4 ปีที่แล้ว +3

    This whole video just made me so happy. Thank you for this.

  • @jogonyachickennugget4911
    @jogonyachickennugget4911 ปีที่แล้ว +1

    I’m in the uk. I just worry about how much money I can actually make. Although that’s not my only goal. I want to make a change and help people.
    But if I’m not making money there’s no point. I’m unsure how possible it is to get into it

  • @almir-kingofpentacles7529
    @almir-kingofpentacles7529 5 หลายเดือนก่อน

    This sounds good on paper, but realisticly, Im in my second year of counselling, the most client I had in a week was 10...and it fluctuates from 0 clients to 10...I wish it was as easy as you portray it

  • @ulandadavis9563
    @ulandadavis9563 4 ปีที่แล้ว +6

    Wonderful insights. thank you!

  • @erikp9810
    @erikp9810 4 ปีที่แล้ว +27

    Although your point is well taken and I appreciate that you are helping counselors think about these things, there's a couple of problems with this. First, the way that you came up with the number 130,000 wasn't exactly correct. The problem is that there is a significant difference between 30% of 100k and 30% of 130k. In your example, 130k minus 30% would leave you with 91k (not 100k). You need to calculate it a bit differently. The actual amount needed to be left with 100k after taking 30% away is 142,850. That's a 12k difference. The second problem is that the way you calculate the number of hours worked doesn't factor in no shows, slow months, or other inevitabilities (even with a 48 hour cancelation policy). I do not know any counselors/ therapists that have a 100% fill rate. So, the number of hours per week will almost certainly need to be considerably higher. Also, the more fees are dropped and the more hours are added to the equation (e.g., 20 hours at 135 vs 15 at 180), this can actually increase lost revenue by increasing the chances that hours will go unfilled. Theres a balance to that because if the rates are too high, and 180 is getting close to that rate, then the hours are also less likely to be filled. I appreciate the point that you are making and I appreciate that we all need a starting point to calculate our rates, but I feel like this equation might be a little too far off. Either way, thanks for getting my therapist mind thinking about this mathy stuff!

    • @terseandtiny1746
      @terseandtiny1746 3 ปีที่แล้ว +6

      No show clients still pay to hold their spot.

    • @chrismarsh4575
      @chrismarsh4575 3 ปีที่แล้ว +12

      Actually, he never claimed that you're taking home 70% of what you make (where 30% off of 130,000 would be 91,000), but rather adding 30% to your desired take-home pay puts you in the ballpark of what you should charge. It's not intended to be an exact calculation, just a ballpark estimate.

    • @privatepracticeworkshop5045
      @privatepracticeworkshop5045  3 ปีที่แล้ว +4

      thanks Chris ;)

    • @Core.soul.frequency_
      @Core.soul.frequency_ 2 ปีที่แล้ว +2

      @@privatepracticeworkshop5045 you should thank Eric for his financial insight. Passive aggressive to only thank the guy who defended you

    • @HammyGirl999
      @HammyGirl999 2 ปีที่แล้ว +2

      @@Core.soul.frequency_ passive aggressive is over used. Maybe he was being directly appreciative because Chris already typed an appropriate answer. And he may have held no ill will toward the initial person posting.

  • @marklugo7168
    @marklugo7168 3 ปีที่แล้ว +31

    I have a question, If in this hypothetical scenario of $180.55 for 15 clients, how do most clients afford these rates? I would assume it would be through private insurance but does private insurance cover it all for the client usually or is there a copay? Also, how do you stay afloat when you have cancellations for sessions or holidays?

    • @adrianprestell
      @adrianprestell 2 ปีที่แล้ว +2

      I am answer this for you. Hopefully. You will this. It all depends on your contract with insurance carriers. If you do accept insurance aim to take managed care plans they will pay you at a rate over $125.00 per session. Manage care plans don’t have copays but private insurance does. Private you need to deal with in network fee that you can negotiate with the insurance carrier. Out of network and setting up single case agreements can bring in more money especially if the area doesn’t have your niche. I am revenue cycle director hints the background on insurance knowledge and I am in school for social work. I will start a channel once I graduate to explain about insurance and clinical work.

    • @kaleimaile
      @kaleimaile 2 ปีที่แล้ว

      Some charge over $200 a session and they survive due to their niche. You have to have more clients than you need to account for cancellations. As for insurance, they don’t pay that well, which is why Clinicians don’t want to take insurance. Plus, there are other headaches that come with taking insurance clients.

    • @PrimaveraPracticewithPurpose
      @PrimaveraPracticewithPurpose ปีที่แล้ว +2

      I do all of my own credentialing and billing. Get very firm on cancelation fees. ❤

  • @CruisingWithPrince
    @CruisingWithPrince 2 ปีที่แล้ว

    Man I needed to hear this!

  • @micro23279
    @micro23279 ปีที่แล้ว

    The mental Health provider I am working on she is making only $76.53 per session by Medicaid and therefore she wants to quit Medicaid but even the commercial highesy reimbursement is $125.80 per session.

  • @sanjayarman
    @sanjayarman ปีที่แล้ว

    Thank you for this video, with very
    practical tips.
    Because of this, I have gladly subscribed to your channel.
    I admire the way you speak to the point with aspects that resonate so well with our endeavors with clinical private practice.
    Dr. Sanjay Kumar Psychotherapy LLC

  • @MentalHealthwithMelissa
    @MentalHealthwithMelissa 3 ปีที่แล้ว +1

    This is such good information! Thanks :)

  • @leslienaomii
    @leslienaomii 4 ปีที่แล้ว +7

    180? wow that's so cheap, in nyc which is where I live, therapists charge so much more. Great video

  • @mariancounsellor
    @mariancounsellor 4 ปีที่แล้ว +12

    Nobody in the UK would pay £180 per counselling session and I wouldn’t want to see 20 clients a week but I understand the example given and I could always figure out a realistic amount I want to earn and how much I want to charge my clients, thanks for this.

    • @privatepracticeworkshop5045
      @privatepracticeworkshop5045  4 ปีที่แล้ว +20

      Marian Hanson Counsellor and Coach thanks for your feedback! I would challenge you on having such a rigid belief as “nobody in the UK would pay 180.” In reality, maybe no one is currently paying YOU that fee, but I know therapists in the UK who are charging 180 and well beyond. It is all in how we position our value to consumers.

    • @fredaaa-
      @fredaaa- 4 ปีที่แล้ว +6

      Marian Hanson Counsellor and Coach Yeah, I agree. Im a therapist in the UK too. The average rate/price seems to be around £45-65. Although this may differ for group therapy.

    • @terseandtiny1746
      @terseandtiny1746 3 ปีที่แล้ว +5

      15 to 20 clients is typical in the states. What average in the uk?

    • @mariancounsellor
      @mariancounsellor 3 ปีที่แล้ว +3

      @@privatepracticeworkshop5045 Fair enough. I suppose some people would pay that but from checking the UK Counselling directory, being a supervisor of counsellors, plus being in private practice and inundated with referrals, it would definitely be a small number of clients from a particular economic group who would and could pay £180 per session each week. It doesn’t reflect the national income of the country or how Therapy is viewed in the UK compared to America. Add the fact that people can access free therapy via their GP or some charities, and how many therapists are actually available (many thousands of us). However, I change my word from ‘nobody’ to ‘many people’

    • @mariancounsellor
      @mariancounsellor 3 ปีที่แล้ว

      @@fredaaa- yes, that’s the average and even people charging high rates seems to be maybe £70 or £100 based on them being in areas of the UK where economically, people can afford higher fees.

  • @leruemartin9377
    @leruemartin9377 3 ปีที่แล้ว +10

    You have helped me make that decision of going into private practice. I was hesitating due to job security. So, my question is should I slowly go into private practice? Since at my current job they said I could have my own practice as long as I don’t counsel a certain demographic I currently serve.

    • @privatepracticeworkshop5045
      @privatepracticeworkshop5045  3 ปีที่แล้ว +2

      that's awesome!! if you can go slowly, it will work to your advantage. you'll have less pressure to grow quickly and can instead grow over time, and make better decisions. That being said, if you need to grow fast, you absolutely can!

  • @shiftyeyedarab
    @shiftyeyedarab 8 หลายเดือนก่อน

    n00b question, but where do you factor in the cost of running the private practice itself? i.e. how come you don't need to take into account building maintenance, mortgage, etc. when you calculate gross income?

  • @vilfrancheross4514
    @vilfrancheross4514 10 หลายเดือนก่อน

    I currently have my MBA, and want to become a therapist. Can you please give me some tips? TY😊

  • @everyonesrunnin
    @everyonesrunnin 9 หลายเดือนก่อน

    Thank you so much for this John! One question: How many client cancellations should we account for having over the course of the year? Is it roughly equal to three weeks' worth of sessions? Four? Just wondering if you feel we should be accounting for this in our calculations. Thank you!

    • @everyonesrunnin
      @everyonesrunnin 9 หลายเดือนก่อน

      Clarifying: I'm asking about cancellations that we aren't charging our cancellation fee for. Thank you!

  • @Chillymosquito
    @Chillymosquito 3 ปีที่แล้ว +1

    In the beginning when u said someone told you that…did u write a blog about that too? Cause I’ve read that online

  • @nobbynose4254
    @nobbynose4254 ปีที่แล้ว

    great advice

  • @joeanderson1307
    @joeanderson1307 หลายเดือนก่อน

    My issues with this is that it's not so simple. You may have a rate you charge, but insurance will surely not pay out that full rate. So how do you account for that?

  • @equaltoable
    @equaltoable 8 หลายเดือนก่อน

    That's for cash pay. If you need to take insurance because you're not getting patients who can afford over $100 a session, lower your annual salary expectations. You'll be paying a company to file claims for you.

  • @vitorcsouza14
    @vitorcsouza14 3 ปีที่แล้ว +2

    Do you feel that this is also accurate for Mental Health Counselors?

  • @yihanwang3465
    @yihanwang3465 3 ปีที่แล้ว +1

    Thanks for sharing, it is very helpful! A big factor in expenses was left out though - office rentals. Especially in big cities like NYC, the rental would be tremendous. Do you have any suggestions to save office space costs?

    • @willyroque3753
      @willyroque3753 3 ปีที่แล้ว +5

      video-call counseling perhaps?

    • @MusicBoxAlsoWater
      @MusicBoxAlsoWater 2 ปีที่แล้ว +2

      Telehealth has really taken off since the start of the pandemic. I've been in it for a little over a year. Best decision ever.

    • @Mmmmkaaay
      @Mmmmkaaay 2 ปีที่แล้ว +4

      Having a home office is also an option. I know a psychologist who saw patients in her house for 30 years without incident.

  • @dandavid2027
    @dandavid2027 2 ปีที่แล้ว

    This video was very helpful and ect.

  • @antonispanierakis
    @antonispanierakis ปีที่แล้ว +4

    I’m sorry but 100+ dollars per session seems too much.. It will be a great source of income for the therapist, no doubt, however I don’t think it will be an accessible option for most..100 dollars a week can be too much for many who are struggling.. Sure, insurance covered therapy exists, however there are many downsides for the patient and the therapist alike (pressure from the insurance company, a need for a diagnosis etc). I am still studying psychology, so I have a lot to learn. I understand that at the end of the day a private practice can be a business like any other. But I think we should be in this profession to help people, and to help people we need to be an approachable option. Mental health is already tricky for many, and the choice to see a therapist can be hard by itself. The financial barrier shouldn’t be overlooked.

    • @lohi172
      @lohi172 11 หลายเดือนก่อน

      Agreed. Seeing the majority of the comments being about money and not helping people with their Idk mental health is surprising to me.

  • @edithacuna7567
    @edithacuna7567 3 ปีที่แล้ว

    Wow thank you for this video!!!

  • @WaterDink
    @WaterDink 4 ปีที่แล้ว +21

    15 clients a week, 4 weeks a month (minus the 4 that you took for vacay), thats 60 different clients a month? Is that normal?

    • @privatepracticeworkshop5045
      @privatepracticeworkshop5045  4 ปีที่แล้ว +23

      Hey Dillon! Not likely 60 different people per month...most therapy clients come weekly or biweekly, so it would be more like 12-15 different people. If everyone comes weekly, it's 15 individuals who attend therapy weekly.

    • @WaterDink
      @WaterDink 4 ปีที่แล้ว +8

      @@privatepracticeworkshop5045 180$ 4xmonth holy cow these are some rich ill patients lol. but your math makes sense thanks for clarifying. wasnt sure what a normal case load is for a therapist

    • @terseandtiny1746
      @terseandtiny1746 3 ปีที่แล้ว +9

      @@WaterDink many clients use insurance so likely you'll be getting paid from the panel. But know if you are specialized people will pay a lot of money out of pocket to work with you.

    • @diya8869
      @diya8869 3 ปีที่แล้ว +2

      @@terseandtiny1746 what type of specialization would u recommend?

  • @meganp340
    @meganp340 4 ปีที่แล้ว +7

    I’m looking to be a school psychologist, can I do therapy (work at a private practice or mental health counseling center) on the side as well? I know school psychologists don’t do a lot of therapy, so I am looking for a way to incorporate that into my career if possible. :)

    • @privatepracticeworkshop5045
      @privatepracticeworkshop5045  4 ปีที่แล้ว +2

      Hey Megan! All depends on what state you're in. A quick Google search should do the trick! :)

    • @meganp340
      @meganp340 4 ปีที่แล้ว

      @@privatepracticeworkshop5045 I reside in California and plan on continuing to live/work here! I can't find a straight answer unfortunately, but I do know I could probably get my LPCC license as well if needed! What do you think?

    • @ahern1221
      @ahern1221 3 ปีที่แล้ว +3

      From my understanding you can’t do private practice as a school psychologist. That’s why I’m going the doctorate route and becoming a counseling psychologist. Wish school psychologist did more therapy but I figured I could become a psychologist n focus on younger kids.

    • @meganp340
      @meganp340 3 ปีที่แล้ว

      @@ahern1221 Yeah you are right you can't have a private practice unless you get your doctorate (unless you do MFT/counseling) but you can do school based therapy and bill as a school psychologist, but you'd be working at an agency.
      I know it varies from state to state. I still am pursing school psychology because I love everything else about the profession. I've spoke to different school psychologists and a few said they don't do any counseling and some say they do quite a bit of counseling but it depends on the district. I also spoke to a school psychologist who has a private practice as well but I'm not too sure how she did it and have lost her contact information :(
      I'm thinking I will make sure to get set in a district that allows me to do a good deal of counseling but if not, I could always get my doctorate and also work in private practice as I do not want to be a therapist full-time. And with a doctorate that would also allow me to teach at a university, which I'm thinking I might want to do as well. A lot of options in this field haha

  • @kristinaasimova601
    @kristinaasimova601 2 ปีที่แล้ว

    yeah, about “security” of an employee it’s all true…

  • @devsdayjobs7138
    @devsdayjobs7138 2 ปีที่แล้ว

    Good Stuff - appreciate it

  • @ayahere5105
    @ayahere5105 3 ปีที่แล้ว

    thank you .. your content is great

  • @mfwalensa9405
    @mfwalensa9405 ปีที่แล้ว

    I have been looking for some advice on this topic and this one I hope could help me...I am in practice but working for super low fees because I am on another platform. Thanks

  • @desireegarcia8354
    @desireegarcia8354 4 ปีที่แล้ว +1

    Thank you!! You're awesome! This was super helpful.

    • @privatepracticeworkshop5045
      @privatepracticeworkshop5045  4 ปีที่แล้ว +1

      Thanks so much Desiree! Feel free to share your favorite video with some therapist friends!

    • @desireegarcia8354
      @desireegarcia8354 4 ปีที่แล้ว

      @@privatepracticeworkshop5045 will do!

  • @graesonhowland7127
    @graesonhowland7127 3 ปีที่แล้ว

    Yes! Thank you!

  • @SaituV2
    @SaituV2 2 ปีที่แล้ว +1

    Didn't answer the question in the title

  • @MelisJoy
    @MelisJoy 4 ปีที่แล้ว +2

    Thanks for making this. Just wondering though, why you decided to stop regular counceling sessions & started helping councelors grow their business?

    • @privatepracticeworkshop5045
      @privatepracticeworkshop5045  4 ปีที่แล้ว +17

      Melissa that's a great question! I still see about 8-10 therapy clients per week. I started Private Practice Workshop because its how I can impact the most people. By helping therapists help more people, I'm accomplishing my life's mission of reducing human suffering. Thanks for asking!

    • @MelisJoy
      @MelisJoy 3 ปีที่แล้ว +2

      @@privatepracticeworkshop5045 This is beautiful. Bless your heart 💙

  • @Core.soul.frequency_
    @Core.soul.frequency_ 2 ปีที่แล้ว +2

    Honestly you forgot to factor in 800 a month for office space. That's almost 10k a year you hand over to your landlord

    • @KlayGoods123
      @KlayGoods123 2 ปีที่แล้ว +1

      Closer to $2000 tbh

  • @pickle48694
    @pickle48694 ปีที่แล้ว

    So I am currently in the second semester of my master's program to become licensed in TN. Do you have any advice/tips for someone in this season of life? I work at a donut shop to pay for rent and groceries lol, I want to get into the field somehow if that is possible. Anyways, my MAIN question is - If I am planning on opening my own practice one day and envision having employees if possible, what can I be doing right now to jump-start that process when I am legally allowed to do it?

  • @our.secret1130
    @our.secret1130 3 ปีที่แล้ว +2

    It’s annoying that this video didn’t answer the question though? How much do therapists actually MAKE? Still unclear. Vast majority of therapists will not be charging 180$/session. Vast majority of clients will not be paying 180$/session?

    • @jamiejang8584
      @jamiejang8584 2 ปีที่แล้ว

      I think this video shows that the range could differ greatly depending on how much you charge per session (relative to how much therapists in your area charge) and how many clients you have.

  • @robbetts
    @robbetts 7 หลายเดือนก่อน

    FYI: You say conservative twice at 2:25 and I think you meant to say conservative and then aggressive (or the like).

  • @aerodylluk2543
    @aerodylluk2543 2 หลายเดือนก่อน

    How does one make this kind of money, while still able to help those who need our services most. If you are focussed on the number, are you not in danger of pricing out those who need our services but have modest means?

  • @silvanaramirez9941
    @silvanaramirez9941 2 ปีที่แล้ว +1

    How do you get clients if you don’t want to take insurance and just build your private practice based on cash?

    • @privatepracticeworkshop5045
      @privatepracticeworkshop5045  2 ปีที่แล้ว +1

      check out our other videos on digital marketing :) or consider joining our Fully Booked program!

    • @silvanaramirez9941
      @silvanaramirez9941 2 ปีที่แล้ว

      Private Practice Workshop thank you! I will check it out 🙂

  • @juanitakolawole3895
    @juanitakolawole3895 ปีที่แล้ว

    How can I contact you? Just finished grad school and want to do things on my own not sure how to start

  • @tamaraslay
    @tamaraslay 2 ปีที่แล้ว

    Thank you🙏🏽❤️

  • @naomidejesus9199
    @naomidejesus9199 2 ปีที่แล้ว +2

    Can you charge this much with an MSW and/or PsyD? Does the credential make a difference?

    • @annapantoja7118
      @annapantoja7118 2 ปีที่แล้ว

      you can do cash clients or negotiate the insurance rates some pay 150 while others can do 120

  • @brakkadoom6025
    @brakkadoom6025 8 วันที่ผ่านมา

    In order to start a private practice . Is it necessary to pursue a phd before starting ? Or is masters enough ?

  • @LostNFoundASMR
    @LostNFoundASMR 4 ปีที่แล้ว +1

    How/where can I learn how to file medical insurance like Medicaid?

    • @terseandtiny1746
      @terseandtiny1746 3 ปีที่แล้ว

      Are you asking how to get on the panel?

    • @LostNFoundASMR
      @LostNFoundASMR 3 ปีที่แล้ว +1

      @@terseandtiny1746 I’m asking how I would be able to accept Medicaid from my clients in private practice.

    • @annapantoja7118
      @annapantoja7118 2 ปีที่แล้ว

      @@LostNFoundASMR you have to apply to be a provider

  • @rxlentlessgg6602
    @rxlentlessgg6602 ปีที่แล้ว

    Is it mandatory to get a masters degree or you could get a license. from alternative school or courses n get about 60-70k per year?

  • @chisaroby7212
    @chisaroby7212 2 ปีที่แล้ว

    Question can a associate marriage and family therapist make money ?

  • @DawnRogers-q1n
    @DawnRogers-q1n ปีที่แล้ว

    Insurance companies reimburse 90$ to 121$ per hour in my state. Im sorry but I think thats plenty enough for me. I feel blessed to make $ I do.

    • @Manjushadasari
      @Manjushadasari 9 หลายเดือนก่อน

      Hello could u tell me what is the best place to do masters and what branch of it makes good money

  • @dannynas9917
    @dannynas9917 2 ปีที่แล้ว

    Thank you so much. What credentials would I need to be an Addictions counselor who can expect to generate a $150k a year Gros income? Would a certificate course at a college like Trios College be enough to generate such an income?! I live in Toronto and will work toward having a private practice of my own. I also expect to do a lot of seminar workshops for awareness and public speaking for early education students for addictions prevention

  • @funtraderkiller4736
    @funtraderkiller4736 ปีที่แล้ว

    What type of degree I need to be able to practice?

  • @emmanuelowen1903
    @emmanuelowen1903 2 ปีที่แล้ว

    Thank youuu

  • @alejandranasser4487
    @alejandranasser4487 3 ปีที่แล้ว +2

    does this also apply to people with a social work degree?

    • @leruemartin9377
      @leruemartin9377 3 ปีที่แล้ว

      Alejandra Nasser as long as you are licensed to practice in you current state I don’t see why it wouldn’t apply.

    • @privatepracticeworkshop5045
      @privatepracticeworkshop5045  3 ปีที่แล้ว +2

      yes, as long as you're licensed to do clinical work!

  • @iambrienicoleee
    @iambrienicoleee 4 ปีที่แล้ว

    This is Gold!

  • @amethystthadon4840
    @amethystthadon4840 4 ปีที่แล้ว +4

    Thankyou😅

  • @j.r.r.tolkee7000
    @j.r.r.tolkee7000 ปีที่แล้ว

    How is it possible to have a gross of $500k but only net $40k?

  • @geoffphillips5872
    @geoffphillips5872 ปีที่แล้ว

    To acquire alternative, superior,& FREE personal psychological benefit is to SIMPLY volunteer for a charity.

  • @Leonellktown
    @Leonellktown 3 ปีที่แล้ว +3

    Who’s gonna pay 180

    • @ShadowMonk609
      @ShadowMonk609 2 ปีที่แล้ว +1

      Base right in Australia is 100 to 200. And there are a lot of insurance plans where the average price is 200. Don't know about America.

  • @casandraramirez11
    @casandraramirez11 ปีที่แล้ว

    I live in California and got accepted to a coamfte accredited program was super excited at first until I realized its going to cost me about 155k in loans…now I’m concerned on how I’ll even be able to afford paying off those loans and afford a living since the internet tells me the average pay for a LMFT in California is $56,396. Any MFTs in California have any advice?

    • @Camyoudigit25
      @Camyoudigit25 ปีที่แล้ว +1

      I’m also in Ca. Im about to be be licensed, but currently just an associate. I’m making around 70k per year. Granted, I work 40-50 hours per week in a treatment facility, so not great hours. However, 70k for someone pre-licensed isn’t terrible. As you likely already know salaries and percentages per session go up significantly once you’re licensed. So I think 56k per year is a little misleading.

    • @casandraramirez11
      @casandraramirez11 ปีที่แล้ว

      @@Camyoudigit25 Hi Cameron thank you so much for that! If you don’t mind me asking where did you get your masters from? I’m still looking at options because 155k of loans for two years of school still sounds like a crippling amount of debt for me. Especially since I’m starting to learn that other California therapist went to other programs that didn’t cost so much or werent even coamfte accredited and have had no problems with obtaining their license