Avoid These 5 Common Financial Mistakes Made by Private Practice Therapists

Avoid These 5 Common Financial Mistakes Made by Private Practice Therapists

Avoiding common financial mistakes is essential for therapists in private practice. In this article, Ryan Derousseau, a fee-only financial planner, outlines five key financial pitfalls—ranging from mismanaging business expenses to neglecting retirement planning—and offers actionable steps to navigate them. By recognizing these mistakes and implementing practical strategies, therapists can build a stable financial foundation for long-term success.