How Your Childhood Money Script Could be Directing Your Practice Spending and How to Change it with Ashley Quamme | POP 834

Share this content
A photo of Ashley Quamme is captured. She is a licensed marriage and family therapist and a financial consultant. Ashely is featured on the Practice of the Practice, a therapist podcast.

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.

Podcast Sponsor: 28-Step Checklist

Are you ready to leave your full-time job for private practice? Maybe you work at community mental health, or at a non-profit, or you’re a 1099 or a W2 at a private practice already.
Is this the year that you start a solo practice? Or maybe you already started a solo practice, but you’re really not sure if you’re doing it right.
I want to give you something totally free that will help you out on your journey. I have a 28-step checklist to make sure that you start a solo practice correctly! It’s totally free, it’s a download. I just get your email and send you other tips that are going to help you be able to grow your solo practice!
You’re going to get weekly emails that help you to start your practice correctly.
So, if that sounds good to you, head on over to to get started today!

Meet Ashley Quamme

A photo of Ashley Quamme is captured. She is a licensed marriage and family therapist and a financial consultant.
Ashely is featured on the Practice of the Practice, a therapist podcast.

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:

Useful links mentioned in this episode:

Check out these additional resources:

Meet Joe Sanok

A photo of Joe Sanok is displayed. Joe, private practice consultant, offers helpful advice for group practice owners to grow their private practice. His therapist podcast, Practice of the Practice, offers this advice.

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.

Thanks For Listening!

Feel free to leave a comment below or share this podcast on social media by clicking on one of the social media below! Alternatively, leave a review on iTunes and subscribe!

Counseling Website Design by Practice of the Practice. Google+

Unlock Your Practice Potential Before Doors Close!

Join Practice of the Practice before September 28th at 5 pm EST, or wait until 2024. This exclusive membership opportunity is fleeting whether you’re starting solo, expanding a team, or aiming for national recognition.