1eonardo, what does your wife want to do with her Ph.D. in Psychology? Depending on her career goals, she may find that there are very similar jobs that require less schooling. For example, if she wants to be a Psychologist who provides psychotherapy, she could still be a psychotherapist with just a master's degree. For example, she could get a master's degree in social work or psychology, and as long as she passed the psychotherapist licensing requirements for your state she could be in practice and reimbursable by many health insurance plans. My psychotherapist, for example, has a master's in Psychology and is licensed as a family and marriage counselor.