If you feel like focus, organization, and impulsivity are some of your biggest challenges to managing your finances well, or that procrastination or avoidant behaviors sabotage your intentions with money, this episode will help ease the frustration.  

In the last couple years, I have had this surge of students who have had recent ADD diagnoses. These are usually women, usually being diagnosed in their late 30s or in their 40s. Since ADD doesn’t present the same way for girls as it does for boys during the elementary years, many young girls went undiagnosed in the 90s and have been silently struggling with the symptoms their entire lives.  

So, in this episode, I talk about why ADD makes money so much harder, and how you can handle this challenge with executive functioning. 

Overcoming Executive Functioning Challenges in Financial Management 

The result is an entire generation of adult women finally feeling relieved of guilt and frustration around some of their biggest, seemingly disconnected challenges. Some practical advice for those impacted by forgetfulness, hindered focus, or being easily distracted includes:  

1. Co-regulate or body-double with a trusted “financial buddy” or community where you find accountability and can thrive off of joint energy dedicated to completing your financial tasks for the week during that appointment. 
2. Create automatic, scheduled “appointments” with yourself for dedicated attention to your finances.  
3. Let automation help you with repetitive financial tasks – think automatic transfers and bill payments.  
4. Delegate tasks that require human thought to someone (like a virtual assistant or bookkeeper) who loves that type of work. 

Your energy is not best used doing tasks you hate, but you can never give away the financial leadership part of your business. But you can give away these menial little tasks that to you feel are boring and maybe meaningless that somebody else actually really enjoys doing.  

Instill automation and people to help you so that you can step into the role of the CEO who looks at the big picture, decides on values-aligned actions, and makes big or difficult decisions for the business. Pairing with someone who loves bookkeeping, for example, is a gift for both of you because they get to do what they love to do and create order. And you get to benefit from that without trying to bend your brain into a bunch of shapes that are just really not how your brain works. 

Exposing the Link Between ADD and Feelings of Frustration About Money 

(00:01:28) How Executive Functioning Challenges Affect Your Finances 

(00:10:01) Enhancing Focus and Productivity with Scheduled Financial Sessions 

(00:12:24) Streamlining Financial Processes Through Automation 

(00:17:56) Financial Empowerment for Therapists 

When you get the right combination of body doubling, creating a set time to do the work, automation, and delegation working in your private practice, helping you with your finances, this thing that can feel overwhelming and kind of the opposite of what your brain wants to do can become much more neutral or even positive.  

The more you can take away the tasks that make it feel like your brain doesn’t work well because you’re asking it to do something it’s not naturally good at, the more you can build systems and supports and bring in help to take care of those things, the more you can show up and shine and in your business and in your life in the ways that your gifts allow you to. 

Interested in working with Linzy? 

Are you a Solo Private Practice Owner? 

I made this course just for you: Money Skills for Therapists. My signature course has been carefully designed to take therapists from money confusion, shame, and uncertainty – to calm and confidence. In this course I give you everything you need to create financial peace of mind as a therapist in solo private practice. 

Want to learn more? Click here to register for my free masterclass, “The 4 Step Framework to Get Your Business Finances Totally in Order.” 

This masterclass is your way to get a feel for my approach, learn exactly what I teach inside Money Skills for Therapists, and get your invite to join us in the course. 

Are you a Group Practice Owner? 

Join the waitlist for Money Skills for Group Practice Owners. This course takes you from feeling like an overworked, stressed and underpaid group practice owner, to being the confident and empowered financial leader of your group practice. 

Get to Know Linzy Bonham:  

Linzy Bonham is a private practice therapist turned money coach who helps private practice owners and health professionals feel calm and in control of their finances through her coaching at Money Nuts & Bolts and her podcast Money Skills for Therapists. 

It all started when she saw her extremely skilled colleagues struggle with the money side of business. Some had even left private practice, or were avoiding starting one, because the financial side was too stressful. 

So Linzy decided to help therapists and health professionals develop peace of mind about their money. Since so many were never taught these skills, she focuses on the “how” of making the business side of private practice doable, and even super satisfying. 

Follow Linzy Bonham:  

About Page:  https://moneynutsandbolts.com/about/ 

LinkedIn: https://www.linkedin.com/in/linzybonham/ 

Instagram: https://www.instagram.com/moneynutsandbolts/ 

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