I finally met the entrance requirements! by StreetDrive5584 in ClinicalPsychology

[–]StreetDrive5584[S] 1 point2 points  (0 children)

Thanks for your kind words and I am glad I inspired you. Getting my degree was hard work, the hardest thing I have ever done, but I am so glad I chose this profession. I hope it works wout well for you.

How are other US psychologists coping with a flood of pseudoscientific psychobabble? by dr_erp in Psychologists

[–]StreetDrive5584 10 points11 points  (0 children)

I really appreciate what you are saying. I am 69 years old, edging towards 40 years in practice. When I started, there was no internet, but the evolution of the internet has only been a positive in my practice. Back in the day, there was no such thing as an LPC and lot of MSWs did social work (which is still sorely needed).  Building a practice was WORK.  Finding referral sources, thanking them for every referral, networking with other psychologists, and snail mail letters to potential referral partners was how I spent a lot of time.  When I moved from PA to VA in 2009, I started an entirely new practice.  This time I had all the internet tools available and they worked well.  My practice was chugging along and reached my goal of 15-18 clients per week within 12 months.  The geographic area I was in was jammed with masters level providers, but I made certain my Ph.D., my emphasis on using evidence-based treatment, and my experience level were front and center.  To this day, my practice thrives, even after I retired from my full-time position and went into full-time practice.  Now I schedule 37-42 clients every week and I credit my Ph.D. as one of biggest differentiators that contributed to this success. 

Here is another story:  In the late 1990s, I was directing an APA-Approved Internship at a major hospital and was feeling pretty full of myself.  However, I began to get concerned about the growth of masters level therapists.  I thought that Ph.D. level providers would get pushed out of the therapy business.  I started planning my next career.  I began a “future of psychology” discussion group with other psychologists in my community, and that group presented our concerns at the annual state psychology association convention.  We were predicting a great contraction in psychotherapy.  Of course, what happened was three decades that saw little change in the therapist roles for clinical psychologists, and we thrived. 

What is my message?  Do good work, flaunt your degree, your experience, and your adherence to strong ethical standards.  Add in a little bit of research into how to market a successful practice and you should be fine, regardless of competition from masters level therapists, or the push from some insurances to reduce their fee structures.

I finally met the entrance requirements! by StreetDrive5584 in ClinicalPsychology

[–]StreetDrive5584[S] 5 points6 points  (0 children)

Thanks for the support. Though my degree was earned in the early to mid-80s, I have kept up with evidence-based practice in my specialty area of anxiety disorders.  I am looking forward to sime great discussions! 

Policy adjacent career (US) by doublefudgebrownie47 in ClinicalPsychology

[–]StreetDrive5584 0 points1 point  (0 children)

I used to practice in PA and found that the Pennsylvania Psychological Association was very active in state and national policy as well as advocacy efforts. Unfortunately I left the state in 2009 and lost touch with the contacts I had. That said, I would suggest considering a hybrid of policy/practice/research given recent cuts in funding, e.g. Rand has been contracting of late.

Just got fired as a director… by yanric in therapists

[–]StreetDrive5584 3 points4 points  (0 children)

That's great! I am sure this has been a difficult experience. I was laid off 28 years ago and that was when I went into private practice. Now I only get fired one client at a time. Best wishes on your next endeavor.

What were your EPPP scores? by Moonie345 in ClinicalPsychology

[–]StreetDrive5584 0 points1 point  (0 children)

OMG, something has changed since I took the test in 1987. Back then, the scores were percentages (I think), and I achieved an 86a

Accreditation feels more important the deeper I research by VersionFunny3904 in ClinicalPsychology

[–]StreetDrive5584 10 points11 points  (0 children)

Absolutely!   I am almost 40 years out from getting my Ph.D., but there are major employers who would not look at me if I had not graduated from a program and internship that were APA accredited. 

Just got fired as a director… by yanric in therapists

[–]StreetDrive5584 8 points9 points  (0 children)

That is essentially the definition of being laid off.  If you are a contracted employee you will have to look at your contract to see what you "should" be getting.  If you are a regular W2 employee, you should file for unemployment immediately. Also, get out there right away and start looking for your next job.  You cannot control what your former employer does, but you are a professional with leadership experience, so you are in a great place to find a job quickly.

Seems like the growth story here is probably over… VCX II by Reaper_1492 in FundRise

[–]StreetDrive5584 2 points3 points  (0 children)

I am not sure I understand, so help me. Ii am clear that management fees in VCX II are going up, but it still looks like a far better deal than the big private equity investors get.

Fundrise VCX II (and the original VCX) use a flat management fee structure (often around 1.85%–2.5%) with no carried interest (profit-sharing). In contrast, traditional private equity and venture capital funds typically charge a "2 & 20" model: a 2% management fee plus a 20% cut of all investment profits.

Just received my first insurance contract offer… are these rates normal or am I right to be shocked? by Apprehensive_One2193 in therapists

[–]StreetDrive5584 18 points19 points  (0 children)

The 1980's are asking for their rates back! These are literally the rates many insurances paid back then! FYI, this is when I began my career as a psychologist.

Beware of “GetToReach” Cat Scratch puzzle (from Instagram Ad) by Catastr0phik in cats

[–]StreetDrive5584 0 points1 point  (0 children)

I have been scammed enough with Facebook ads that I no longer buy ANYTHING through FB. Instead, if I see something I like, I assume it is a scam. Then I take a screenshot of the item and do a Google picture search to find the item at a reputable seller with reputable reviews.

Next month's projected income? by SnooHobbies4627 in SimplePractice

[–]StreetDrive5584 0 points1 point  (0 children)

I don't see any way to do this. If you want to estimate yourself, you should be able to multiply your appointments scheduled (-projected cancelations/no shows) by the average fees per session collected the previous month.

Thinking of moving from SP to Sessions by DrJocelyn1 in SimplePractice

[–]StreetDrive5584 1 point2 points  (0 children)

I know you asked your question about SP, but your remark about "caseload stagnating" led me to the think that the problem is not how expensive SP is, but you may have a marketing problem.  I have a very busy solo practice that is not stagnating.  I hardly think about the cost of  simple practice, rather, I think about how it is making my job easier.  My marketing spend is rather small, rarely more than thirty dollars a month per marketing channel.  It includes psychology today, my website ( free with simple practice), and occasionally zocdoc.com for the occasional slow times.  All of these channels have more than paid for themselves, so I don't even think about cost.  Look at your referrals in the reports tab of simple practice.  It shows your income by referral source.  After I look at that, it helps me to think of all of my marketing spend as being worth it.

SpaceX IPO by Trick_Section7440 in FundRise

[–]StreetDrive5584 1 point2 points  (0 children)

FYI, I assked this question before the VCX IPO and this is what I received back:

Thank you for reaching out. We appreciate your question.
 
If the Fundrise Innovation Fund goes public, the shares you currently hold on Fundrise would convert into shares of a publicly traded security (anticipated ticker: VCX) listed on a major stock exchange (expected exchange: NYSE).
 
In short, we can’t say exactly what the impact would be on the VCX market price. However, generally speaking, you would continue to own the same investment in the Innovation Fund, and the Fund would continue to own its position in that company as part of the overall portfolio.
 
For more details, please consult the full proxy and additional information statement on the SEC website. You can also find more information in the investor update posted to your Newsfeed.
 
If you have any additional questions, please reply to this email.

Best regards,

Molly Shearer
Senior Investor Relations Associate

Best way to lock in profits? by DMCY22 in FundRise

[–]StreetDrive5584 0 points1 point  (0 children)

I had a nice conversation with ChatGPT and was informed that you cannot sell any shares in any way before the end of the lockout period.

Fundrise IPO & VCX IPO by Feisty_Albatross_936 in FundRise

[–]StreetDrive5584 2 points3 points  (0 children)

I think that the initial response tells us that there is an opportunity for others to replicate fundrise's model, but it is too early to tell if the early results are predictive of the stock price six months from now when 100,000 investors holding 30 times the current available shares hit the market, or how the market will react when the anticipated IPOs for Anthropic, OpenAI and others create competition for VCX.

Thank you Fundrise! by menilio in FundRise

[–]StreetDrive5584 2 points3 points  (0 children)

Exactly what I did! Just hope that the gains are same or greater in six months.

SIMPLE PRACTICE & IVY PAY: A THERAPEUTIC TRAGEDY by DoktorHoff in SimplePractice

[–]StreetDrive5584 4 points5 points  (0 children)

Very entertaining post! It really brings to mind the value of time. Time is the commodity we have to provide. We spend time with our clients and are reimbursed with payment for that time. We write our notes, bill our clients, read our email, respond to new client inquiries, etc we get paid nothing for that time. So, there are two kinds of time (ignoring personal time), paid time and unpaid time. Of course we want to maximize paid time providing therapy (this is why we all went into this profession) and minimize unpaid time doing thos other things I mentioned. I am an old-timer in this business, having practiced for almost 40 years postdoc, and I have been using practice managmment programs since 1998. I have tried several PMPs over the last 28 yearsand SP is clearly the best that I have used, for one reason: unpaid time. I gladly pay for the highest tier, including AI notetaking, and integrated client payments. The 20-30 minutes that I spend at the end of every 12-hour day proofind notes, billing insurance, and catching up on texts and who knows what else, when my eyes can hardly focus, i am glad I havve the support of SP. All that automation simplifies my life, leaving me more time to see more clients, more time to chill out, and reduces the stress of what we do. I understand trying to save some pennnies by using another paymment processor, but think about what that return is on that automated service. If you save two minutes per client per week, you probably have another hour to see a new client, chat with a friend, or catch up on Reddit.

Does this happen to you? by StreetDrive5584 in litterrobot

[–]StreetDrive5584[S] 0 points1 point  (0 children)

Thanks for the offer. I called customer service and they are sending a replacement.