I help therapists navigate every element of their financial lives: from understanding your practice P&L and building a personal budget to managing student loan debt and investing for retirement... and everything in between. But don't let my love of the tax code and spreadsheets scare you off! You're just as likely to find me with my nose buried in one of Pema Chodron's books as reading up on the latest financial planning techniques.
2023 was the worst (was it just me?)
Hello Reader,
I hope your 2024 is off to a great start!
I’m personally glad that 2023 is in the rear view… it presented more than its fair share of challenges for me.
For me, most of those challenges were in the personal (rather than business) realm. But those personal challenges did mean I had to step back from work a bit.
And as I’m sure you can relate, having to step back from work when you run your own business is stressful!
Would my clients all leave? (They didn’t)
Would the whole business fall apart? (It didn’t.)
Would the financial performance (e.g. my income) suffer? (It did, but it wasn’t catastrophic.)
Would I ever return to my former level of productivity? (It took some time and a lot of hard work and patience, but I got there.)
During the trying last few months of the year, one of the most comforting conversations I had was with my own financial planner.
They assured me that I was going to be alright and that my current challenges weren’t sabotaging my long-term financial health. I guess on some level I knew that, but wow did it help to hear it from someone else.
We talked through different options and plans and together decided on a reasonable course of action. I felt a lot better coming out of that conversation… and actually I think it marked the turning point when I really started to feel better and get more fully on the path to recovery.
I’ve always known having my own financial planner would help in challenging times, but I really experienced it last year.
What’s on your mind?
I wasn’t able to put as much thought into my email newsletters last year as I like, but I’m excited to return to the practice this year.
👉 If you have any burning financial questions (or just something you’re curious about) hit reply and let me know. I’ll answer those questions over the course of the year in this newsletter.
Here’s to a happy and healthy 2024 🍾
Dave
PS: If you’re looking for some financial help and guidance in 2024, why not schedule an initial fit conversation with me! There's not pressure and no obligations – just a relaxed conversation to see if we might be a good fit to work together.
Hi there! I'm a financial planner for therapists!
David W. Frank
I help therapists navigate every element of their financial lives: from understanding your practice P&L and building a personal budget to managing student loan debt and investing for retirement... and everything in between. But don't let my love of the tax code and spreadsheets scare you off! You're just as likely to find me with my nose buried in one of Pema Chodron's books as reading up on the latest financial planning techniques.
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