Reply to Low earning professionals, do you regret your career?

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[quote=Anonymous]I am a social worker working as a private practice therapist. I do pretty well - after taxes, I bring home about $70k, which is fine with me (like other PPs, it's more than my dad ever made). We don't live in the DMV anymore, cost of living is lower. It was harder when we lived in DC, but it was still pretty okay there.

I could earn more, but I have made choices in my practice that for me are ethically the right thing to do (e.g., I'm in network with insurance, don't charge more than $100/session for private pay, don't charge for phone calls, don't charge cancellation fees, etc.). If I was charging the same cash rates as my clients, I would probably double my income, but because my $70k is fine for us and I value being able to not compromise my own ethics. If I cared less about that, I would have stayed in corporate America and climbed that ladder.

FWIW also, I heard from social worker therapists like me earlier in my career who very much framed it as "go to SW school, it's a versatile degree, I make $100k+ in private practice, etc." I think that's a little bit irresponsible because no one makes this kind of money right out of school, you have to have clinical licensure which takes time, and most SW I know started in community mental health, where a someone with a bunch of unrelated work experience will be offered a "good salary" of $49k.[/quote]

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