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(p. 206) Financial Planning for the Private Practitioner 

(p. 206) Financial Planning for the Private Practitioner
Chapter:
(p. 206) Financial Planning for the Private Practitioner
Author(s):

Mary Gresham

DOI:
10.1093/med:psych/9780190272166.003.0018
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date: 04 April 2020

Financial planning is an essential but often neglected activity for private practitioners. Research indicates that mental health practitioners can be “money avoidant” when it comes to personal finance. This chapter describes a four-level model useful in money management. Essential topics and rules of thumb for a basic financial plan are covered as follows: personal cash flow, net worth, debt management, insurance, investing, taxes, retirement, and estate planning. Useful references and resources are listed at the end of the chapter.

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