Wednesday, January 7, 2009

Massage and Money

Money. It's a word that has a lot of baggage tied up with it. And it's something that I have noticed that many people seem to be uncomfortable with. Especially massage therapists. I have had plenty of students and seen plenty of practicing MTs that have an unhealthy relationship to money. Why? Massage is about relationships, and this post is about a massage therapist's relationship with money.

I've heard many people misquote the Bible as saying that "money is the root of all evil". Actually it says that the "love of money is the root of all evil." A big difference and a lot more true. Money itself is just a tool. A medium of exchange. A knife isn't a good tool or bad tool, it's how you use it.

Another heavily quoted line is "do what you love and the money will come". A lot of people do what they love and money doesn't come, so what gives? This statement has the priorities right, but misses the mark. I choose to interpret it as

"do what you love (follow your passion with a systematic plan) and the money will come (if you respect it for what it is and what it means to you)"

So why do so many people have such an antagonistic relationship with money?

First off, some people hate what money represents. They have seen what some people do to others to get it and don't want to be associated with that. It could be a matter of worth or value - the the therapist doesn't feel that they are worth the money - a self esteem issue. It could be a sense of idealism or a genuine desire to help without need for compensation.

Money can seem hard to come by. It can seem like there is a chronic lack of it. Especially in these economic times. A person can get used to thinking that there is never any money for them, hating it all the while. Some people pursue money as an end to itself, a way to keep score, as if just having money affords the status or life that they want.

The problem with the pursuit of money is that money is a very poor motivator for happiness. People (and studies prove this) don't gain a whole lot of satisfaction or improved quality of life from having more money. Ironically, the reverse is true though, that not enough money is a huge de-motivator and a source of distress and unhappiness. Money can't buy happiness, but not having any leads to sadness.

Putting Health and Money at Odds

Our society often seems to pit health and money against each other. When we hear studies of the impact of some diseases on the poor and the exclusion of 40% of americans from our health care system because they can't afford it, there is an association with money. In fact, the increasing inclusion of massage in health care may make massage more exclusive instead of more accessible.

Many massage therapists have an idealist streak that creates guilt about charging money for what they do. Massage is like a divine gift, something that is present in all of us and can sometimes feel like charging for bottled water when people can get perfectly good water out of their tap.

Unfortunately, this can lead some MTs with a burden of guilt about money and their business. It sets the stage for a struggle with their career. After struggling in their private practice, they may get a job at a massage business and harbor resentment towards the business for collecting the money the therapist feels guilty about charging! Sometimes the MT grows disillusioned, thinking that the bodywork itself was tainted when it was their attitudes and beliefs about money that were the problem. They end up moving into a profession they don't really care about but is more "reconcilable" with their ideas about money.

Cultivating a Healthy Attitude About Money

If you already have a healthy attitude about money, you can skip this next part. This is for any MT who feels at all guilty about collecting money for their services.

Money isn't evil. I'll say it again. Money isn't evil. You say it. Really. That wasn't so bad, was it? The first step to cultivating a healthy attitude about money is to acknowledge that, at the risk of being redundant, money isn't in fact evil. It's your attitude that is.

You have to realize that you need to make a living. If you can't make a living doing massage, you'll need to make a living doing something else to pay the bills - which means that you won't have nearly as much time to give the gift of massage. Massage-wise, everybody loses that way. You aren't doing what you love and your clients won't get to receive the benefits of your work. I suppose your new employer would benefit from your awesome-ness, but that's not quite the point.

A healthy business supports both you and itself. And when I say supports, I don't mean just squeaking by. It should support your lifestyle and help you to achieve your dreams.

Example. I knew a massage therapist a while back who had been working longer than I had. She'd been out of school for maybe four years and still had plenty of clients that were paying her student rate - half her regular rate. I found this out after asked some questions following her wondering why she was having trouble making her car payment. When I asked why a significant number of her clients were still paying such a reduced rate, she told me that she was afraid of losing them if she charged them more. Several weeks after we spoke, she did decide to raise her rates. Not all the way, but much closer to her going rate. She did lose a few clients, but most stayed with her, and a few even told gher straight out that they had wondered why she hadn't raised her rates a long time ago. She ended up making more from the remaining clients than she did with her full load at the prior rate. The clients that left only came to her because she had the cheapest rate around, not out of any loyalty.

There Is Plenty Of Money To Go Around

You may not believe it, but there is. For example, here in the Bay Area we have around 7 million people and a median household income of a little over $70,000 per year. If we estimate an average household as 4 people then we're looking at somewhere around $120 billion every year flowing through this area. That's a plentyhuge pie to capture a very small slice of.

The other thing is that that money is going to be spent anyway. Either they go to buy a car, or they go to the mall, they order an iPod online, or they invest it somewhere - but money is changing hands all the time. All you want to do is have some of it pass through your hands first. There's no need to feel guilty about that. Shed the attitude that just because you make money, somebody else loses it. It's just not true. All you need to do is figure out how to tap into that flow.

Tapping the Flow

Think synergy (boy am I full of cliches in this post!). It's not really a competition. When you do well, your clients do better, you do your part to keep the economy chugging along, et cetera. Synergy is when the sum is greater than the parts. In this case, your massage + your clients' money = better lives for everybody. Really, your work helps to make your clients' lives better, and isn't that what they are out there earning money to do? Gee, I hope your guilt meter is starting to read zero by now!

Think Win-Win-Win

Thinking synergy involves thinking win-win-win. You win, your employer or business partners win, and you client wins. Everybody likes to play when they can't lose. Think of money as the tool that it is - a device to help everybody win.

Another way to look at money to develop a positive attitude about it is to look at it literally - as a means to an end. Money by itself doesn't do much for you. It's what it allows you to do that makes it important. Think about the things that enough money will allow you to do - expand your business, take that vacation you've been longing for, take scuba lessons, whatever. Look at money as a stepping stone to your goals (see my last post for more on defining success).

Parting Thoughts

Think about money differently. It is not a dragon to be slain, a mountain to be conquered. It is a tool of the trade. A necessary tool that will allow you to continue helping people while also experiencing what life has to offer. Now get out there and tap into the flow.

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