Dollars & Sense: Foundations of Personal Finances for the Solo Practitioner
Date recorded: April 4th, 2020
Length: 1.5 hours
Purchase includes lifetime access
Approved for 2 NCCAOM PDAs
*IMPORTANT: Access to this webinar is different than other videos on tcm-hub.com. After purchase, you will receive a link to access the webinar on Rebecca’s Teachable website. The NCCAOM coursework will remain on TCM-hub.com.
One of the many issues plaguing solo practitioners is the lack of financial organization and basic financial literacy. Having business and personal finances in order takes an enormous amount of stress and distraction off the shoulders of the practitioner so that he or she can focus on what is really important: patient care.
This course teaches students the nuts and bolts of financial organization. The lessons are appropriate for new practitioners and veterans alike. Students will learn how to create a budget, be prepared for a financial emergency, prevent overspending, and know how to appropriately set fees. Students who attend live will receive budgeting templates. Students will also learn an organized system to pay off debt and save for a longer term emergency fund.
Learn an organized system to pay down debt.
Learn how to create a budget for both personal and business finances.
Identify leaks/holes in current spending.
Learn how to appropriately set fees so that the student will be charging enough to cover all overhead and pay themselves.
Purchase includes template to get started
Rebecca Ong MAOM, L.Ac. graduated from the New England School of Acupuncture in 2007. Like many of her colleagues, she was faced with a lot of challenges after graduation, most notably running a practice and “winging it” every day. She didn’t really know what to charge my patients or how to manage her personal and business finances. Student loan debt was hanging around like a bad habit, and she just would be there forever. It seemed impossible as a solo practitioner to get ahead and really make a good living practicing Chinese Medicine.
Four years into practice Rebecca came upon a program for eliminating debt, and being too tired from winging it and struggling, she decided to complete it. In 4 1/2 years she paid off $129,222.93 ($141,951.51 with interest) and over four years later, is still debt-free.
The experience of sticking to a plan and achieving this goal inspired Rebecca to help others in the Chinese Medicine field achieve financial freedom too.