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In this episode, I sat down with money coach Linzy Bonham to talk about something every group practice owner needs but few feel confident about – becoming the empowered financial leader of your practice. We dive into the mindset shifts, financial habits, and tracking tools that will allow you to stop avoiding your numbers and start using them to make grounded, strategic decisions. Linzy shares how to identify unhealthy money patterns, what to track weekly and monthly, and how to finally feel like the CEO of your group practice.
Make sure to bring your paper and pen because this episode is full of actionable tips!
Here are some key points in this episode:
[01:56] Linzy introduces the concept of empowered financial leadership and why it matters for group practice owners
[05:12] How therapists can unknowingly fall into unhealthy money habits
[07:48] Weekly, monthly, and annual financial metrics that group practice owners should be tracking to make data-driven decisions
[13:38] How to overcome avoidance and start building money habits that stick
[16:36] Why you must lead your business financially
[19:52] The financial pitfalls of poor planning and how support from a community of group practice owners makes all the difference
Links From the Episode
Money Skills For Group Practice Owners:
Free Resources:
More About Linzy Bonham:
Linzy Bonham is a private practice therapist turned money coach who helps fellow therapists feel calm and in control of their finances. The daughter of an accountant, Linzy combines the insight of a therapist with the practicality of a bookkeeper. When she launched her own private practice, she quickly became passionate about building a financially healthy business that supports her life and leaves extra in the bank.
After witnessing many of her skilled colleagues struggle with the financial side of private practice—some even leaving the field due to money stress—she created Money Nuts & Bolts. Through her work, Linzy helps therapists develop peace of mind around money by teaching the “how” behind managing finances in private practice in a way that’s both doable and deeply satisfying.
Her signature course, Money Skills for Therapists, has helped hundreds of therapists organize their finances and transform their relationship with money. Her second course, Money Skills for Group Practice Owners, guides group practice leaders through the mindset, systems, tools, and key numbers necessary to become empowered, confident CFOs of their practices.
Want to Connect with Linzy?
Money Nuts and Bolts: https://moneynutsandbolts.com/
Money Skills For Therapists Podcast: https://podcasts.apple.com/us/podcast/money-skills-for-therapists/id1584914714
Instagram: @moneynutsandbolts
LinkedIn: https://www.linkedin.com/in/linzybonham/
