Watch this episode on YouTube!

Most practice owners do not realize how quickly financial chaos can happen until it happens to them. In this episode, I share how I managed to overdraw my account by six thousand dollars and how that single moment pushed me to build the financial tracking system I now depend on every week. If you have multiple streams of income or you have ever worried that you might accidentally overdraw my account, this episode will show you how to protect your practice with a simple weekly financial report.

As my practice grew, my expenses became more unpredictable, and my revenue became harder to track. Without a financial tracking system, I could not anticipate when payments would land or when large marketing or operations expenses would hit. That lack of clarity is exactly what caused me to overdraw my account, even though the practice was financially healthy. Once I added a consistent weekly financial report, I finally understood the rhythm of my money and could protect all of my multiple streams of income.

Here is what I walk you through:

• The exact moment I realized I was about to overdraw my account
• How a simple financial tracking system keeps me grounded and informed
• What my weekly financial report includes and why it works
• How to protect your multiple streams of income as your practice grows
• Why every practice owner needs a system long before they feel ready

If you have ever wondered how to prevent financial surprises, how to understand your cash flow, or how to stabilize multiple streams of income, this episode will show you how a consistent weekly financial report and a clear financial tracking system can create confidence and calm in your business. You never need to overdraw my account to learn this lesson the hard way.

RESOURCES MENTIONED IN THIS EPISODE:

Money Skills for Therapists with Linzy Bonham Podcast

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