{"id":14314,"date":"2021-02-18T19:41:55","date_gmt":"2021-02-19T00:41:55","guid":{"rendered":"https:\/\/www.afcpe.org\/?page_id=14314"},"modified":"2023-04-25T15:58:01","modified_gmt":"2023-04-25T19:58:01","slug":"private-practice","status":"publish","type":"page","link":"https:\/\/www.afcpe.org\/certification\/career-paths\/private-practice\/","title":{"rendered":"Private Practice"},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-post\" data-elementor-id=\"14314\" class=\"elementor elementor-14314\" data-elementor-post-type=\"page\">\n\t\t\t\t\t\t<section class=\"has_eae_slider elementor-section elementor-top-section elementor-element elementor-element-fb6bd2c elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-eae-slider=\"50973\" data-id=\"fb6bd2c\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"has_eae_slider elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-4a2c974\" data-eae-slider=\"36809\" data-id=\"4a2c974\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-e7cea55 elementor-widget elementor-widget-button\" data-id=\"e7cea55\" data-element_type=\"widget\" data-widget_type=\"button.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<a href=\"https:\/\/www.afcpe.org\/news-and-publications\/blog\/financial-inclusion-avenue\/\"\n\t\t\t\ttarget=\"_self\"\n\t\t\t\tclass=\"button button-block\"\n\t\t\t\t\t\t>\n\t\t\tNew! Listen to our podcast episode on credit unions + financial inclusion\t\t<\/a>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-b90edf6 elementor-widget elementor-widget-text-editor\" data-id=\"b90edf6\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<h2 class=\"section-head\"><span style=\"color: #5d89b3;\">Building a financial counseling or coaching practice can give you control over your income, location, the audience you serve, and the hours you work.\u00a0<br \/><\/span><\/h2><p class=\"section-head\">If these things interest you, creating your own business and starting a Private Practice may be the financial career path for you.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"has_eae_slider elementor-section elementor-top-section elementor-element elementor-element-c8d3199 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-eae-slider=\"46319\" data-id=\"c8d3199\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"has_eae_slider elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-63095e8\" data-eae-slider=\"80334\" data-id=\"63095e8\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-9808eff elementor-widget elementor-widget-text-editor\" data-id=\"9808eff\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<h2 style=\"color: #7a7a7a;\"><span style=\"color: #002e5d;\">What is Private Practice in Financial Counseling?<\/span><\/h2><p>Private Practice in financial counseling typically includes one-on-one financial coaching and counseling sessions.<\/p><p>A financial coaching or counseling practice is going to look different to each of us. Each professional will have their own skills, education, experience, and process to help others with money.\u00a0<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"has_eae_slider elementor-section elementor-top-section elementor-element elementor-element-be34d93 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-eae-slider=\"2302\" data-id=\"be34d93\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"has_eae_slider elementor-column elementor-col-50 elementor-top-column elementor-element elementor-element-7190162\" data-eae-slider=\"26664\" data-id=\"7190162\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-bb3138d elementor-widget elementor-widget-text-editor\" data-id=\"bb3138d\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>Financial counseling private practices can also include making money through:<\/p><ul><li>Freelance writing<\/li><li>Consulting<\/li><li>Public Speaking<\/li><li>Financial Education Courses<\/li><li>Business-to-business projects<\/li><li>Subscription services<\/li><li>Paid mastermind groups<a id=\"examples\"><\/a><\/li><\/ul>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t<div class=\"has_eae_slider elementor-column elementor-col-50 elementor-top-column elementor-element elementor-element-ad32fea\" data-eae-slider=\"31933\" data-id=\"ad32fea\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-844b7b4 elementor-widget elementor-widget-image\" data-id=\"844b7b4\" data-element_type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<img fetchpriority=\"high\" decoding=\"async\" width=\"768\" height=\"483\" src=\"https:\/\/www.afcpe.org\/wp-content\/uploads\/2021\/02\/adults-businesswomen-coffee-1643323-768x483.jpg\" class=\"attachment-medium_large size-medium_large wp-image-14326\" alt=\"businesswomen having coffee\" srcset=\"https:\/\/www.afcpe.org\/wp-content\/uploads\/2021\/02\/adults-businesswomen-coffee-1643323-768x483.jpg 768w, https:\/\/www.afcpe.org\/wp-content\/uploads\/2021\/02\/adults-businesswomen-coffee-1643323-300x189.jpg 300w, https:\/\/www.afcpe.org\/wp-content\/uploads\/2021\/02\/adults-businesswomen-coffee-1643323-1024x644.jpg 1024w, https:\/\/www.afcpe.org\/wp-content\/uploads\/2021\/02\/adults-businesswomen-coffee-1643323-1536x966.jpg 1536w, https:\/\/www.afcpe.org\/wp-content\/uploads\/2021\/02\/adults-businesswomen-coffee-1643323-2048x1289.jpg 2048w\" sizes=\"(max-width: 768px) 100vw, 768px\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"has_eae_slider elementor-section elementor-top-section elementor-element elementor-element-6786d62 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-eae-slider=\"10166\" data-id=\"6786d62\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"has_eae_slider elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-1530428\" data-eae-slider=\"97666\" data-id=\"1530428\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-c2abe56 elementor-widget elementor-widget-text-editor\" data-id=\"c2abe56\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<h2 style=\"color: #7a7a7a;\"><span style=\"color: #002e5d;\">Financial Counseling and Career Examples<\/span><\/h2>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"has_eae_slider elementor-section elementor-top-section elementor-element elementor-element-f128507 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-eae-slider=\"52269\" data-id=\"f128507\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"has_eae_slider elementor-column elementor-col-50 elementor-top-column elementor-element elementor-element-1e88723\" data-eae-slider=\"55129\" data-id=\"1e88723\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-14ba6c9 elementor-widget elementor-widget-text-editor\" data-id=\"14ba6c9\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<ul><li aria-level=\"1\">Financial Coach<\/li><li aria-level=\"1\">Financial Counselor<\/li><li aria-level=\"1\">Money Coach<\/li><li aria-level=\"1\">Blogger<\/li><\/ul>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t<div class=\"has_eae_slider elementor-column elementor-col-50 elementor-top-column elementor-element elementor-element-ed03226\" data-eae-slider=\"18744\" data-id=\"ed03226\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-aa03e0d elementor-widget elementor-widget-text-editor\" data-id=\"aa03e0d\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<ul><li aria-level=\"1\">Podcaster<\/li><li aria-level=\"1\">Consultant<\/li><li aria-level=\"1\">Public Speaker<\/li><\/ul>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"has_eae_slider elementor-section elementor-top-section elementor-element elementor-element-1eb301b elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-eae-slider=\"60173\" data-id=\"1eb301b\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"has_eae_slider elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-306b6aa\" data-eae-slider=\"5098\" data-id=\"306b6aa\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-910fe57 elementor-widget elementor-widget-text-editor\" data-id=\"910fe57\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<div><span style=\"color: #002e5d; font-size: 1.5em;\">Career Qualifications<\/span><\/div><p>While there are no specific career qualifications, but having a reputable certification, such as an AFC\u00ae, CFP\u00ae, or FFC\u00ae will be helpful in Private Practice. These certifications provide you with credibility and confidence, demonstrating that you have the education and experience to meet clients where they are in their financial journey. Depending on the area of work you\u2019re practicing in, other qualifications like communications, psychology, and project management can also be helpful.<a id=\"compensation\"><\/a><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"has_eae_slider elementor-section elementor-top-section elementor-element elementor-element-9aa1fd5 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-eae-slider=\"78067\" data-id=\"9aa1fd5\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"has_eae_slider elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-92d4e20\" data-eae-slider=\"53838\" data-id=\"92d4e20\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-d1fe0e6 elementor-widget elementor-widget-text-editor\" data-id=\"d1fe0e6\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<h2 style=\"color: #7a7a7a;\"><span style=\"color: #002e5d;\">Compensation<\/span><\/h2><p>Compensation varies greatly in Private Practice. The amount you earn and the method you are compensated can vary. A financial\u00a0counselor\u00a0or coach can make anywhere between $25-250 per hour.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"has_eae_slider elementor-section elementor-top-section elementor-element elementor-element-348ad2f elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-eae-slider=\"34382\" data-id=\"348ad2f\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"has_eae_slider elementor-column elementor-col-50 elementor-top-column elementor-element elementor-element-6e647ee\" data-eae-slider=\"80148\" data-id=\"6e647ee\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-2623d72 elementor-widget elementor-widget-text-editor\" data-id=\"2623d72\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>Private Practitioners can be paid:<\/p><ul><li aria-level=\"1\">Hourly<\/li><li aria-level=\"1\">Project<\/li><li aria-level=\"1\">Package<\/li><li aria-level=\"1\">Salary<a id=\"prosandcons\"><\/a><\/li><\/ul>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t<div class=\"has_eae_slider elementor-column elementor-col-50 elementor-top-column elementor-element elementor-element-6a4ca8b\" data-eae-slider=\"44371\" data-id=\"6a4ca8b\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-7936e95 elementor-widget elementor-widget-image\" data-id=\"7936e95\" data-element_type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<img decoding=\"async\" width=\"1024\" height=\"633\" src=\"https:\/\/www.afcpe.org\/wp-content\/uploads\/2018\/05\/Meeting-1024x633.jpg\" class=\"attachment-large size-large wp-image-2934\" alt=\"\" srcset=\"https:\/\/www.afcpe.org\/wp-content\/uploads\/2018\/05\/Meeting-1024x633.jpg 1024w, https:\/\/www.afcpe.org\/wp-content\/uploads\/2018\/05\/Meeting-300x185.jpg 300w, https:\/\/www.afcpe.org\/wp-content\/uploads\/2018\/05\/Meeting-768x474.jpg 768w, https:\/\/www.afcpe.org\/wp-content\/uploads\/2018\/05\/Meeting.jpg 1303w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"has_eae_slider elementor-section elementor-top-section elementor-element elementor-element-574fcbc elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-eae-slider=\"54971\" data-id=\"574fcbc\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"has_eae_slider elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-77bb5bd\" data-eae-slider=\"63882\" data-id=\"77bb5bd\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-5e92b0f elementor-widget elementor-widget-text-editor\" data-id=\"5e92b0f\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p><span style=\"color: #002e5d; font-family: NunitoSans; font-size: 1.5em;\"><a id=\"prosandcons\"><\/a>Pros and Cons of Private Practice<\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"has_eae_slider elementor-section elementor-top-section elementor-element elementor-element-5371078 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-eae-slider=\"90109\" data-id=\"5371078\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"has_eae_slider elementor-column elementor-col-50 elementor-top-column elementor-element elementor-element-37b4697\" data-eae-slider=\"70454\" data-id=\"37b4697\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-bdef4b0 elementor-widget elementor-widget-text-editor\" data-id=\"bdef4b0\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<h3>Pros<\/h3><ul><li aria-level=\"1\">Set your own schedule<\/li><li aria-level=\"1\">No income limitations<\/li><li aria-level=\"1\">Being your own boss<\/li><li aria-level=\"1\">Flexibility in following opportunities<\/li><li aria-level=\"1\">Job location control<\/li><li aria-level=\"1\">Develop your own tools, resources, and processes to run your business<\/li><li aria-level=\"1\">Establishing your own counseling packages and sessions<\/li><\/ul>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t<div class=\"has_eae_slider elementor-column elementor-col-50 elementor-top-column elementor-element elementor-element-e262273\" data-eae-slider=\"83127\" data-id=\"e262273\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-5b5b8bb elementor-widget elementor-widget-text-editor\" data-id=\"5b5b8bb\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<h3>Cons<\/h3><ul><li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Challenges to getting started<\/span><\/li><li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Sales\/getting clients<\/span><\/li><li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Potentially long hours<\/span><\/li><li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Being your own boss<\/span><\/li><li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Doing or delegating all job functions like sales, marketing, client onboarding, counseling, and coaching <a id=\"legal\"><\/a><\/span><\/li><\/ul>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"has_eae_slider elementor-section elementor-top-section elementor-element elementor-element-9479a42 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-eae-slider=\"60549\" data-id=\"9479a42\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"has_eae_slider elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-5a04a30\" data-eae-slider=\"73520\" data-id=\"5a04a30\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-e0f5e45 elementor-widget elementor-widget-text-editor\" data-id=\"e0f5e45\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p><span style=\"color: #002e5d; font-family: NunitoSans; font-size: 1.5em;\">Legal Requirements<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Setting up your own business can require some local, state, and federal legal requirements. The legal requirements for starting and running a coaching or counseling business will depend on your location. Research your area legal requirements for doing business.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">You can get assistance starting a business and finding out legal requirements with the <\/span><a href=\"https:\/\/www.sba.gov\/learning-center\" data-feathr-click-track=\"true\" data-feathr-link-aids=\"[&quot;5d7a72d2d3708ff60b15b280&quot;]\" data-uw-rm-brl=\"false\"><span style=\"font-weight: 400;\">Small Business Administration (SBA) Learning Center<\/span><\/a><span style=\"font-weight: 400;\"> or by getting help at your <\/span><a href=\"https:\/\/www.sba.gov\/local-assistance\" data-feathr-click-track=\"true\" data-feathr-link-aids=\"[&quot;5d7a72d2d3708ff60b15b280&quot;]\" data-uw-rm-brl=\"false\"><span style=\"font-weight: 400;\">local SBA Assistance Office<\/span><\/a><span style=\"font-weight: 400;\">.&nbsp;<\/span><\/p>\n<h2><span style=\"font-weight: 400; color: #002e5d;\">Private Practice Insurance<\/span><\/h2>\n<p><span style=\"font-weight: 400;\">Most financial counselors and coaches need some type of liability insurance for the coaching or counseling business. The most common is Errors &amp; Omissions Insurance (E&amp;O). E&amp;O Insurance is professional liability insurance that protects your business from mistakes (errors and omissions) and negligence.<\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"has_eae_slider elementor-section elementor-top-section elementor-element elementor-element-ff14543 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-eae-slider=\"46991\" data-id=\"ff14543\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"has_eae_slider elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-5ba5efc\" data-eae-slider=\"30661\" data-id=\"5ba5efc\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-9ef608f elementor-widget elementor-widget-text-editor\" data-id=\"9ef608f\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<h2><span style=\"color: #002e5d;\">Professional Profiles<\/span><\/h2>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"has_eae_slider elementor-section elementor-top-section elementor-element elementor-element-6806300 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-eae-slider=\"56503\" data-id=\"6806300\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"has_eae_slider elementor-column elementor-col-50 elementor-top-column elementor-element elementor-element-ae6ed57\" data-eae-slider=\"48341\" data-id=\"ae6ed57\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-d3f6f31 elementor-widget elementor-widget-image\" data-id=\"d3f6f31\" data-element_type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<img decoding=\"async\" width=\"300\" height=\"300\" src=\"https:\/\/www.afcpe.org\/wp-content\/uploads\/2020\/09\/JenHemphill_Headshot_2019-1-300x300.jpg\" class=\"attachment-medium size-medium wp-image-12191\" alt=\"\" srcset=\"https:\/\/www.afcpe.org\/wp-content\/uploads\/2020\/09\/JenHemphill_Headshot_2019-1-300x300.jpg 300w, https:\/\/www.afcpe.org\/wp-content\/uploads\/2020\/09\/JenHemphill_Headshot_2019-1-150x150.jpg 150w, https:\/\/www.afcpe.org\/wp-content\/uploads\/2020\/09\/JenHemphill_Headshot_2019-1.jpg 700w\" sizes=\"(max-width: 300px) 100vw, 300px\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-dd662ed elementor-widget elementor-widget-heading\" data-id=\"dd662ed\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h3 class=\"elementor-heading-title elementor-size-medium\">Jen Hemphill, AFC\u00ae<\/h3>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-52d17fe elementor-widget elementor-widget-text-editor\" data-id=\"52d17fe\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p style=\"text-align: center;\">Engaging, funny, and down-to-earth, Jen Hemphill is a sought after bilingual speaker bridging the influence money stories and confidence have on people\u2019s financial lives with the day-to-day money skills and actions we typically solely focus on. Her goal is to help women become reinas (queens) of their money by providing simple, doable money guidance they can stick with all while saving time and more money.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t<div class=\"has_eae_slider elementor-column elementor-col-50 elementor-top-column elementor-element elementor-element-6daa1ac\" data-eae-slider=\"23779\" data-id=\"6daa1ac\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-980fe36 elementor-widget elementor-widget-image\" data-id=\"980fe36\" data-element_type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<img loading=\"lazy\" decoding=\"async\" width=\"240\" height=\"300\" src=\"https:\/\/www.afcpe.org\/wp-content\/uploads\/2018\/10\/Lacey-Langford-240x300.jpg\" class=\"attachment-medium size-medium wp-image-3021\" alt=\"\" srcset=\"https:\/\/www.afcpe.org\/wp-content\/uploads\/2018\/10\/Lacey-Langford-240x300.jpg 240w, https:\/\/www.afcpe.org\/wp-content\/uploads\/2018\/10\/Lacey-Langford-768x960.jpg 768w, https:\/\/www.afcpe.org\/wp-content\/uploads\/2018\/10\/Lacey-Langford-819x1024.jpg 819w, https:\/\/www.afcpe.org\/wp-content\/uploads\/2018\/10\/Lacey-Langford.jpg 864w\" sizes=\"(max-width: 240px) 100vw, 240px\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-744ac44 elementor-widget elementor-widget-heading\" data-id=\"744ac44\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h3 class=\"elementor-heading-title elementor-size-medium\">Lacey Langford, AFC\u00ae<\/h3>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-c314b6f elementor-widget elementor-widget-text-editor\" data-id=\"c314b6f\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p style=\"text-align: center;\">Lacey Langford, AFC\u00ae is The Military Money Expert\u00ae. She\u2019s the founder of LaceyLangford.com a personal finance blog and coaching practice specializing in the unique world of the U.S. military. Lacey is also the creator and host of The Military Money Show, a podcast dedicated to helping the military community with personal finance. She\u2019s a U.S. Air Force Veteran, military spouse, speaker, and a financial coach who changes people\u2019s lives from being fearful of money to having control and confidence with it. Lacey\u2019s an Accredited Financial Counselor\u00ae with over 15 years of experience in financial planning, counseling, and coaching.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"<p>New! Listen to our podcast episode on credit unions + financial inclusion Building a financial counseling or coaching practice can give you control over your income, location, the audience you serve, and the hours you work. If these things interest you, creating your own business and starting a Private Practice may be the financial career path for you. What is [&hellip;]<\/p>\n","protected":false},"author":4,"featured_media":0,"parent":1058,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"_acf_changed":false,"_cbd_carousel_blocks":"[]","_relevanssi_hide_post":"","_relevanssi_hide_content":"","_relevanssi_pin_for_all":"","_relevanssi_pin_keywords":"","_relevanssi_unpin_keywords":"","_relevanssi_related_keywords":"","_relevanssi_related_include_ids":"","_relevanssi_related_exclude_ids":"","_relevanssi_related_no_append":"","_relevanssi_related_not_related":"","_relevanssi_related_posts":"","_relevanssi_noindex_reason":"","footnotes":""},"class_list":["post-14314","page","type-page","status-publish","hentry"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v25.9 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Private Practice - AFCPE<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.afcpe.org\/certification\/career-paths\/private-practice\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Private Practice - AFCPE\" \/>\n<meta property=\"og:description\" content=\"New! 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