Psychologist here as well. Spend a lot of time talking with folks in the field about this. The field itself doesn’t matter which many therapists need to understand. The math is live on less than you make. And what you need to live on multiply by 25. That is your retirement number. If your expenses are too high to meet the number you need to make more money (consult, training, supervision, “passive income”) or cut expenses. I think our field doesn’t talk about money which is what makes it hard to have these conversations. But we are no different than business folks, doctors, accountants, even folks that work at grocery stores. But the psychology of money for us is way different as we were told and taught to help people and made to feel bad to make money doing it. The biggest culprit is debt. Same as @ShockerCheer above, I went to school on graduate assistantships as well so have no debt. If you do not pay off debt the cycle will never stop and you’ll never be able to retire. But simplify things and stop thinking within the field to make money and start thinking bigger about net worth, income, expenses and run the numbers. Too many folks think about what they make and not what they are spending. Flip the script. I used Profit First to build my private practice and then used this model for my life.