Is Psychology A Financially Viable Career? | Everything Finances Tuition, Side Hustles + more

In this video, we discuss everything related to finances in psychology. I answer 20 questions that people asked on my instagram, see below which questions I'll be addressing:

3:52 How much does it cost to study psychology from undergrad to postgrad?
5:43 What were some of the unexpected expected expenses you had as a psychology student?
6:16 How did you personally fund your studies?
7:51 Are student loans worth it for psychology degrees and what are the long term implications?
9:22 What are the financial tips you have for surviving a student budget in psychology especially during internship placements?
11:16 How do you balance paid work vs clinical practice? Is it possible to earn income during your postgrad psychology training?
13:51 Do psychology internships and placements pay?
14:42 What are the challenges you experience when you are unpaid during training and how can you plan ahead for these challenges?
16:28 What should early career psychologists expect in terms of starting salary?
17:09 How long did it take you to feel financially stable after qualifying?
18:40 Are there alternative income streams while training and before qualifying?
20:36 What factors affect how much you can earn as a psychologist?
22:04 How much do psychologists typically earn in public vs in private?
23:34 Is private practice financially sustainable and how soon can you start one?
25:29 How do you go about budgeting for professional development, supervision and registration fees?
28:32 What are common financial mistakes made by psychologists? What is the mindset shift you had to make for the financial sacrifices you had to make for the profession?
31:55 How do you deal with the guilt or pressure of having to charge for work that’s meant to be about helping?
34:08 If you had to start over, what would you do differently as a psychology student or professional?