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What are your earliest memories of money? Could they be indirectly guiding your important decisions around your private practice? What can you do to change, heal, and elevate your beliefs around money?
In this podcast episode, Joe Sanok speaks about how your childhood money script could be directing your practice spending and how to change it with Ashley Quamme.
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Meet Ashley Quamme

Ashley Quamme is a Licensed Marriage and Family Therapist with a private practice in the Augusta, GA area. Her area of focus clinically is helping couples with financial relational problems. Along with her clinical practice, she also owns BAM Financial Consulting where she provides financial coaching services to mental health professionals as well as a webinar and in-person training for financial planners and mental health professionals.
Visit BAM financial consulting and connect on Twitter and Instagram. See also the Wealthy Marriage.
In This Podcast
- What are money scripts?
- The four money scripts
- Encourage your kids to build a healthy relationship with money
- Talking with your clients
- Ashley’s advice to private practitioners
What are money scripts?
[These] are those beliefs that stem from childhood and our upbringing and both our implicit and explicit learning. Ashley Quamme
Your money script is essentially your belief or mentality around money, and this includes what it means to have money if money is good or bad, and whether you define yourself and your success by whether you have it or not.
The four money scripts
There are four classic money scripts:
1 – Money focus: these beliefs are around thinking that money solves all problems.
2 – Money avoidance: people with money avoidance often avoid educating themselves about money or making decisions about their financial world, perhaps from anxiety or fear-based beliefs.
This is one of the [beliefs that] a lot of mental health professionals can find themselves … having.
Ashley Quamme
3 – Money vigilance: this is considered the “better” script. It’s around having discretion and awareness around money and believing it should be saved rather than spent.
4 – Money status: this belief considers that your net-worth ties to your self-worth, which can lead to poor spending habits and fear-based actions.
Encourage your kids to build a healthy relationship with money
Every parent wants to set their kids up for success in their lives, and one of the ways that you can do that is to teach them how to build healthy mindsets around money.
- As the parent and the adult, do some work on your personal beliefs around money first
- Try to figure out what you believe or think beyond “autopilot”
Explore that with some depth and then [decide], “Is this belief, or are these beliefs serving me well? Is this what I actually believe? Is this what I want to continue?”
Ashley Quamme
- Have open discussions with your partner if you are raising your kids together to see which money scripts you both have and how they could influence one another
Talking with your clients
As a private practice owner, you run a business and you most likely have employees. Money is coming and going, and you need to be able to handle those shifts without taking things personally because that can damage the success of your business and therefore the job security of your clinicians.
Additionally, addressing money scripts with your clients also offers a huge healing opportunity for them because what someone thinks about money often impacts other areas of their life too.
I think what holds a lot of therapists back … is [that] a lot of times therapists are uncomfortable talking about it because they don’t know about it, they don’t understand it, and personally they themselves have beliefs perhaps that make them more avoidant to it.
Ashley Quamme
Challenge your beliefs, educate yourself, and strive to create a healthier, happier, stress-free approach to life. Can you offer these conversations to your clients?
Ashley’s advice to private practitioners
It is okay to want to make money, it doesn’t make you a bad or wrong therapist. Believing that you are deserving of earning money is a key to your success, the success of your practice, and therefore the treatment and recovery of your clients.
Books mentioned in this episode:
Sponsors mentioned in this episode:
- Check out the 28-step checklist!
Useful links mentioned in this episode:
- Visit BAM financial consulting and connect on Twitter and Instagram. See also the Wealthy Marriage.
- Check out Your Mental Wealth Advisors to find your money script
- Mentioned podcasts: Mind Money Balance and Financial Therapy
Check out these additional resources:
- Harvard Psychiatrist Dr. Christopher M. Palmer on the Ketogenic Diet and Treatment Resistant Mental Health Disorders | POP 833
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Meet Joe Sanok
Joe Sanok helps counselors to create thriving practices that are the envy of other counselors. He has helped counselors to grow their businesses by 50-500% and is proud of all the private practice owners that are growing their income, influence, and impact on the world. Click here to explore consulting with Joe.
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