3 Ways to Earn More as an SLP (Without Quitting Your Job)
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What free private‑practice roadmap can help SLPs start a side business?
Starting a private practice isn't what it used to be. Today's clinicians are starting private practices much quicker, easier, and cheaper than before. And they aren't guessing their way through it or getting stuck in analysis paralysis, they're following a tried and true roadmap in order to save time, money, and frustration. There is no reason to reinvent the wheel or struggle to figure out how to start a private practice on your own. We've helped thousands of SLPs and OTs through this process and now we want to help you too. For a limited time, I'm offering a free copy of our private practice roadmap, specifically for SLPs and OTs who are curious about private practice and want to see what the journey looks like.
To download your free copy, please visit startyourprivatepractice dot com backslash roadmap to sign up. Now on to the episode. Most speech language pathologists wished that they earned more money.
Why do most SLPs feel stuck with low salaries and rising expenses?
The problem is that in most traditional SLP settings like schools, hospitals, and early interventions, salary increases are few and far between. If your expenses keep increasing, but your salary remains the same. That's a problem. So how can you earn more money as an SLP? Well, I think the best way is by adding an additional income stream. And today I'm going to talk about three ways to do that. I'm Jenna Castro-Kasbon, speech language pathologist, business coach, and creator of the Start Your Private Practice System. And I'm on a mission to turn stuck SLPs into successful private practitioners. If you're tired of dealing with high productivity requirements, high caseload sizes, and low pay, it's time to take control of your professional, personal, and financial life and finally get the freedom, flexibility, and financial abundance that you deserve by working with private clients in your own practice.
Join me here each week as I share tips, best practices, and inspirational interviews on the Private Practice Success Stories podcast. If you're a private practitioner or one in the making, you're in the right place, so let's get started. Hi there SLPs.
How can identifying a specific expense or financial goal create a clear income target?
Today I want to talk to you about how to earn more money as a speech language pathologist by tapping into the concept of multiple streams of income. We have to get creative about this because you may be limited by how much your job is willing to pay you. So rather than sit around and wait for your employer to notice how hard you're working and reward you financially for it, you're gonna start to take matters into your own hands and follow what I tell you to start generating additional income for your family right now. You have a master's degree. You should be earning like it. You should have enough money coming in to pay off your student loans or save up for your kids' college or do that kitchen renovation you've been wanting to do or even take an amazing trip with your spouse or your family.
But if you don't have extra money coming in and you don't see how any of that's gonna happen anytime soon based on your current SLP salary, it's time to do something about it.
What are the three extra‑income options for SLPs and why are MLMs and bartending not ideal?
And adding an additional stream of income is the easiest and fastest way to make it happen. I always say create opportunities, don't wait for them. Create Don't wait for
Why is seeing private clients the best additional income stream for SLPs?
So the first thing that I want you to do is to identify an expense that you want to pay off or a financial goal that you have to save for. And I want you to know exactly how much you need to earn extra per month to cover that. And then what you're gonna do is to create an income stream that will support that goal. Let's take a student loan payment, for example. Say that you owe $600 per month for your student loan. Right now, that's probably taking a huge chunk out of your SLP salary. So instead, let's focus on how you can earn an extra $600 per month and earmark that money to cover your payment. So you have a few options here. You could join an MLM, like Rodan and Fields, for example. It's pretty popular right now.
The sad truth is, is that seventy three percent of people who participate in network marketing opportunities either lose money or make no money.
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Chapters
7 chapters
1
What free private‑practice roadmap can help SLPs start a side business?
0:00–0:57
2
Why do most SLPs feel stuck with low salaries and rising expenses?
0:57–2:26
3
How can identifying a specific expense or financial goal create a clear income target?
2:26–3:26
4
What are the three extra‑income options for SLPs and why are MLMs and bartending not ideal?
3:26–3:41
5
Why is seeing private clients the best additional income stream for SLPs?
3:41–4:56
6
How many private‑client sessions do I need each month to cover a $600 loan payment?
4:56–8:16
7
What next steps and free training can help me launch my part‑time private practice?
8:16–11:21
Speakers
1 identifiedMore from Private Practice Success Stories
She Spent 5 Years Too Scared to Start - Now She Has a 4-Room Clinic with Tiffany Fairdosi
She Started With Two Clients on the Side - Now She Has Nine SLPs and a Clinic with Samantha Taylor
From 2 Clients on the Side to Ready to Hire — Then She Decided She Didn't Want To with Bianca Gizzi Fusco
She Told Her Dad She’d Never Start a Private Practice - Now She Has a Successful Clinic and Growing Team with Sarah Landry
She Started at 26 With One Referral - Now She Has a Downtown Office and a 3-Year School Contract with Becca Vilsaint
She Didn't Hate Her Job BUT She Left to Start a Private Practice Anyway with Heather Danielkiewicz