In this episode, we'll dive into why every nurse (and millennial) should understand supply and demand, an essential nurse finance concept.  I discuss today’s economic challenges like housing costs and student loans.  I'll break down how this economic force impacts personal finances with multiple examples. Including a personal story and supply & demand case study about buying property in Shelter Cove at age 18. 

I’ll put it in perspective, highlighting key milestones from history, the hidden role of marketing in creating artificial demand, and practical ways nurses can make smarter money decisions.

Whether you’re wondering how anyone can get ahead these days, tackle debt, or can make smarter financial decisions, this conversation will encourage you to think differently about money and may help you build long-term wealth.  

www.enrichednurse.com

Related Blog Post: You’ve Got a “S#%T Lot!”: A Nurse Finance Lesson in Supply and Demand - The Enriched Nurse®

 SUBSCRIBE! Be the first to know about new episodes!  Get our newsletter for nurse money & practice insights,  nursing CE promotions, and discounts. https://dashboard.mailerlite.com/forms/880362/135927758629897896/share 

FREE Download! Design Your Ideal Lifestyle and the Ultimate Nurse Work-Life Balance:

https://enrichednurse.com/free-download/

FREE Nursing CE Membership! Get access to 3 courses and 5 ANCC Contact Hours including an introduction to financial literacy and resiliency!

https://www.enrichednursece.com/p/enriched-rn-membership

The Enriched Nurse® is the only ANCC Approved Provider of Nursing Continuing Professional Development focused on nurse financial health, wellness, and literacy! 

Financial Health Focused Nursing CE Courses with CEUS and ANCC Contact Hours:  www.enrichednurse.com

You may be eligible to get paid and reimbursed to take our nursing ce courses!

Free Courses with Nursing CE:

www.enrichednursece.com/p/earn-to-learn-transform-your-life-with-nursing-ce

www.enrichednursece.com/p/elevate-your-nurse-pay-practice-get-certified

Follow On Social Media:

Facebook: https://www.facebook.com/TheEnrichedNurse/

LinkedIN: https://www.linkedin.com/in/dan-richmond-rn-bsn-cmsrn-6068152b3/

Youtube: https://www.youtube.com/@theenrichednurse

Instagram: https://www.instagram.com/theenrichednurse/

Disclaimer

I'm an RN and Certified Financial Education Instructor℠, not a finance pro, lawyer, accountant, or tax pro.  I do manage all these aspects of my personal life really well and think other nurses could benefit from my insight and experiences.  Any references to patients have been fictionalized.

This podcast is for entertainment, educational, and informational purposes only.  Opinions are those of the speaker and not necessarily The Enriched Nurse.  Nothing in the show should be taken as financial, tax, legal, accounting, or medical advice. Any reference to income, earnings, or returns are estimates and not guarantees.  You may not achieve the same results.  Investing entails risk and you could lose money.  Consult a professional if you do not fully understand the risks and/or topics discussed or you want professional advice.   

I paint a picture of unfortunately where I see tech and AI going based on years of experience at the bedside.  And where I can see it going well and how to prepare. 

Blog: Are Nurses Unknowingly Getting Duped and Spammed by AI Content?

https://enrichednurse.com/are-nurses-unknowingly-getting-duped-and-spammed-by-ai-content/

 SUBSCRIBE! Be the first to know about new episodes!  Get our newsletter for nurse money & practice insights,  nursing CE promotions, and discounts. https://dashboard.mailerlite.com/forms/880362/135927758629897896/share 

FREE Download! Design Your Ideal Lifestyle and the Ultimate Nurse Work-Life Balance:

https://enrichednurse.com/free-download/

FREE Nursing CE Membership! Get access to 3 courses and 5 ANCC Contact Hours including an introduction to financial literacy and resiliency!

https://www.enrichednursece.com/p/enriched-rn-membership

The Enriched Nurse® is the only ANCC Approved Provider of Nursing Continuing Professional Development focused on nurse financial health, wellness, and literacy! 

Financial Health Focused Nursing CE Courses with CEUS and ANCC Contact Hours:  www.enrichednurse.com

You may be eligible to get paid and reimbursed to take our nursing ce courses!

Free Courses with Nursing CE:

www.enrichednursece.com/p/earn-to-learn-transform-your-life-with-nursing-ce

www.enrichednursece.com/p/elevate-your-nurse-pay-practice-get-certified

Follow On Social Media:

Facebook: https://www.facebook.com/TheEnrichedNurse/

LinkedIN: https://www.linkedin.com/in/dan-richmond-rn-bsn-cmsrn-6068152b3/

Youtube: https://www.youtube.com/@theenrichednurse

Instagram: https://www.instagram.com/theenrichednurse/

Disclaimer

I'm an RN and Certified Financial Education Instructor℠, not a finance pro, lawyer, accountant, or tax pro.  I do manage all these aspects of my personal life really well and think other nurses could benefit from my insight and experiences.  Any references to patients have been fictionalized.

This podcast is for entertainment, educational, and informational purposes only.  Opinions are those of the speaker and not necessarily The Enriched Nurse.  Nothing in the show should be taken as financial, tax, legal, accounting, or medical advice. Any reference to income, earnings, or returns are estimates and not guarantees.  You may not achieve the same results.  Investing entails risk and you could lose money.  Consult a professional if you do not fully understand the risks and/or topics discussed or you want professional advice.   

Are you dreaming of passive income? Are you dreaming of working a  few extra full-time jobs?  The side hustle craze, idea of seven income streams and the search for passive income could cause nurses some problems.  I break down how nurses can work towards passive income without burning themselves out further and whether you really need seven income streams to get rich.  

Blog: Do Nurses Really Need 7 Income Streams?  A Smarter Wealth Plan for Nurses

https://enrichednurse.com/do-nurses-really-need-7-income-streams-a-smarter-wealth-plan-for-nurses/

 SUBSCRIBE! Be the first to know about new episodes!  Get our newsletter for nurse money & practice insights,  nursing CE promotions, and discounts. https://dashboard.mailerlite.com/forms/880362/135927758629897896/share 

Listen to my favorite Sounds of Kauai Song:

Soothing Relaxing Music Whispering Sea (Full) & Sunset Kauai - YouTube

https://www.youtube.com/watch?v=kudI7o630ZQ

FREE Download! Design Your Ideal Lifestyle and the Ultimate Nurse Work-Life Balance:

https://enrichednurse.com/free-download/

FREE Nursing CE Membership! Get access to 3 courses and 5 ANCC Contact Hours including an introduction to financial literacy and resiliency!

https://www.enrichednursece.com/p/enriched-rn-membership

The Enriched Nurse® is the only ANCC Approved Provider of Nursing Continuing Professional Development focused on nurse financial health, wellness, and literacy! 

Financial Health Focused Nursing CE Courses with CEUS and ANCC Contact Hours:  www.enrichednurse.com

You may be eligible to get paid and reimbursed to take our nursing ce courses!

Free Courses with Nursing CE:

www.enrichednursece.com/p/earn-to-learn-transform-your-life-with-nursing-ce

www.enrichednursece.com/p/elevate-your-nurse-pay-practice-get-certified

Follow On Social Media:

Facebook: https://www.facebook.com/TheEnrichedNurse/

LinkedIN: https://www.linkedin.com/in/dan-richmond-rn-bsn-cmsrn-6068152b3/

Youtube: https://www.youtube.com/@theenrichednurse

Instagram: https://www.instagram.com/theenrichednurse/

Disclaimer

I'm an RN and Certified Financial Education Instructor℠, not a finance pro, lawyer, accountant, or tax pro.  I do manage all these aspects of my personal life really well and think other nurses could benefit from my insight and experiences.  Any references to patients have been fictionalized.

This podcast is for entertainment, educational, and informational purposes only.  Opinions are those of the speaker and not necessarily The Enriched Nurse.  Nothing in the show should be taken as financial, tax, legal, accounting, or medical advice. Any reference to income, earnings, or returns are estimates and not guarantees.  You may not achieve the same results.  Investing entails risk and you could lose money.  Consult a professional if you do not fully understand the risks and/or topics discussed or you want professional advice.   

Should nurses be more upset about the lousy or non-existent gift versus respect, fair market value, and working conditions?  Who's to blame for ruining nurse's week?  Plus, why puffing out your cheeks could get you into trouble when it comes to making decisions. What? Right! Listen and find out!

Be sure to subscribe and take our survey about Nurse's Week and potentially petitioning for a Century of the Nurse! 

Take Nurse's Week Survey HERE: 

https://forms.gle/gP3x82guqLfvW1Ze9

Blog: Are You Thinking About Your Nurse Income Wrong?

https://enrichednurse.com/are-you-thinking-about-your-nursing-income-wrong/

SUBSCRIBE! Be the first to know about new episodes!  Get our newsletter for nurse money & practice insights,  nursing CE promotions, and discounts. https://dashboard.mailerlite.com/forms/880362/135927758629897896/share 

FREE Download! Design Your Ideal Lifestyle and the Ultimate Nurse Work-Life Balance:

www.enrichednursece.com/p/design-your-ideal-nurse-lifestyle-763898

FREE Nursing CE Membership! Get access to 3 courses and 5 ANCC Contact Hours including an introduction to financial literacy and resiliency!

https://www.enrichednursece.com/p/enriched-rn-membership

The Enriched Nurse® is the only ANCC Approved Provider of Nursing Continuing Professional Development focused on nurse financial health, wellness, and literacy! 

Browse our Nursing CE Courses with CEUS and ANCC Contact Hours:  www.enrichednursece.com

You may be eligible to get paid and reimbursed to take our nursing ce courses!

Free Courses with Nursing CE:

www.enrichednursece.com/p/earn-to-learn-transform-your-life-with-nursing-ce

www.enrichednursece.com/p/elevate-your-nurse-pay-practice-get-certified

Follow On Social Media:

Facebook: https://www.facebook.com/TheEnrichedNurse/

LinkedIN: https://www.linkedin.com/in/dan-richmond-rn-bsn-cmsrn-6068152b3/

Youtube: https://www.youtube.com/@theenrichednurse

Instagram: https://www.instagram.com/theenrichednurse/

Disclaimer

I'm an RN and Certified Financial Education Instructor℠, not a finance pro, lawyer, accountant, or tax pro.  I do manage all these aspects of my personal life really well and think other nurses could benefit from my insight and experiences.  Any references to patients have been fictionalized.

This podcast is for entertainment, educational, and informational purposes only.  Opinions are those of the speaker and not necessarily The Enriched Nurse.  Nothing in the show should be taken as financial, tax, legal, accounting, or medical advice. Any reference to income, earnings, or returns are estimates and not guarantees.  You may not achieve the same results.  Investing entails risk and you could lose money.  Consult a professional if you do not fully understand the risks and/or topics discussed or you want professional advice.   

Do nurses like paying taxes?  It sure seems like with how much I see nurses working and how little many are investing.  I only paid a 4% effective tax rate on six figures of household income in 2024.  In 2022 my tax rate was negative!  It wasn't always like this.  I'll share how when my wife and I paid $50k to taxes, with no refund, and were faced with quarterly tax payments long ago got us tax smart!

Blog: Tips for Nurses to Pay Less Taxes (and Invest More) - The Enriched Nurse®

https://enrichednurse.com/tips-for-nurses-to-pay-less-taxes-and-invest-more/

SUBSCRIBE! Be the first to know about new episodes!  Get our newsletter for nurse money & practice insights,  nursing CE promotions, and discounts. https://dashboard.mailerlite.com/forms/880362/135927758629897896/share 

FREE Download! Design Your Ideal Lifestyle and the Ultimate Nurse Work-Life Balance:

www.enrichednursece.com/p/design-your-ideal-nurse-lifestyle-763898

FREE Nursing CE Membership! Get access to 3 courses and 5 ANCC Contact Hours including an introduction to financial literacy and resiliency!

https://www.enrichednursece.com/p/enriched-rn-membership

The Enriched Nurse® is the only ANCC Approved Provider of Nursing Continuing Professional Development focused on nurse financial health, wellness, and literacy! 

Browse our Nursing CE Courses with CEUS and ANCC Contact Hours:  www.enrichednursece.com

You may be eligible to get paid and reimbursed to take our nursing ce courses!

Free Courses with Nursing CE:

www.enrichednursece.com/p/earn-to-learn-transform-your-life-with-nursing-ce

www.enrichednursece.com/p/elevate-your-nurse-pay-practice-get-certified

Follow On Social Media:

Facebook: https://www.facebook.com/TheEnrichedNurse/

LinkedIN: https://www.linkedin.com/in/dan-richmond-rn-bsn-cmsrn-6068152b3/

Youtube: https://www.youtube.com/@theenrichednurse

Instagram: https://www.instagram.com/theenrichednurse/

Disclaimer

I'm an RN and Certified Financial Education Instructor℠, not a finance pro, lawyer, accountant, or tax pro.  I do manage all these aspects of my personal life really well and think other nurses could benefit from my insight and experiences.  Any references to patients have been fictionalized.

This podcast is for entertainment, educational, and informational purposes only.  Opinions are those of the speaker and not necessarily The Enriched Nurse.  Nothing in the show should be taken as financial, tax, legal, accounting, or medical advice. Any reference to income, earnings, or returns are estimates and not guarantees.  You may not achieve the same results.  Investing entails risk and you could lose money.  Consult a professional if you do not fully understand the risks and/or topics discussed or you want professional advice.   

SPECIAL EPISODE: I'm covering the Providence 2025 Nurses strike from the frontline at Medford.  Get an indepth, intimate view from inside the Providence Medford strike.  I interview several nurses on the picket line including ONA President Tamie Cline.   Enjoy snippets from the rallies, including AFL-CIO Oregon's Graham Trainor's speech and others PLUS hear directly from nurses making the sacrifice.   Part 1: My perspective as an organizer and striking nurse in the lead up to the start of the strike on January 10th.  Part 2: What the strike is about and voices from the strike line.  Part 3: Where things stand as of Day 21. 

Special thanks to Shygo Torres for providing the studio version of "A Cat's Life" performed by the Ring of Trees band at the end of the episode.  The episode features a performance of the song live from our picket line.  Check out the bands channel here. 

Check out the ONA Prov Strike Page for Updates: https://www.oregonrn.org/page/patientsbeforeprofits

SUBSCRIBE: https://enrichednurse.com/the-enriched-nurse-podcast/

Free Financial Vitals Tracker: https://enrichednurse.com/free-download/

Free Mini-Course MAX Education Funds/Hours: www.enrichednursece.com/p/maxce

The Enriched Nurse Blog: https://enrichednurse.com/the-enriched-blog/

Enriched Nurse Continuing Education Home Page: https://enrichednursece.com

Transform Your Finances and Create A Financial Plan:  www.enrichednursece.com/p/financial-well-being-for-nurses

Follow On Social Media:

Facebook: https://www.facebook.com/TheEnrichedNurse/

LinkedIN: https://www.linkedin.com/in/dan-richmond-rn-bsn-cmsrn-6068152b3/

Youtube: https://www.youtube.com/@theenrichednurse

Instagram: https://www.instagram.com/theenrichednurse/

Check out The Enriched Nurse CE Courses for nurse continuing ed with ANCC contact hours and get paid and reimbursed with employer funds to take them.  

Disclaimer

I'm an RN and Certified Financial Education Instructor℠, not a finance pro, lawyer, accountant, or tax pro.  I do manage all these aspects of my personal life really well and think other nurses could benefit from my insight and experiences.  Any references to patients have been fictionalized.

This podcast is for entertainment, educational, and informational purposes only.  Opinions are those of the speaker and not necessarily The Enriched Nurse.  Nothing in the show should be taken as financial, tax, legal, accounting, or medical advice. Any reference to income, earnings, or returns are estimates and not guarantees.  You may not achieve the same results.  Investing entails risk and you could lose money.  Consult a professional if you do not fully understand the risks and/or topics discussed or you want professional advice.   

In today's episode I talk with traveler turned staff nurse and union activist Brittany Webster RN, BSN.  I met this nurse at a union contract action team (CAT) meeting and was surprised to learn she had recently moved from traveler to staff and CAT member.  We talk about Brittany's unique path to being a nurse, nursing school, the BSN push, travel nursing, some financial concerns of traveling, and going back to staff nurse for some union activism.  We were on strike together in June 2024 and find ourselves on strike once again in Oregon!  

The course I reference in this episode is Maximize Nurse Pay (& Negotiate It!) I will teach you effective strategies I've used to boost my hourly pay, make thousands more per year, work less, and negotiate improvements to my pay and working conditions.  

www.enrichednursece.com/p/max-nurse-pay

SUBSCRIBE: https://enrichednurse.com/the-enriched-nurse-podcast/

Free Financial Vitals Tracker: https://enrichednurse.com/free-download/

Free Mini-Course MAX Education Funds/Hours: www.enrichednursece.com/p/maxce

The Enriched Nurse Blog: https://enrichednurse.com/the-enriched-blog/

Enriched Nurse Continuing Education Home Page: https://enrichednursece.com

Transform Your Finances and Create A Financial Plan:  www.enrichednursece.com/p/financial-well-being-for-nurses

Follow On Social Media:

Facebook: https://www.facebook.com/TheEnrichedNurse/

LinkedIN: https://www.linkedin.com/in/dan-richmond-rn-bsn-cmsrn-6068152b3/

Youtube: https://www.youtube.com/@theenrichednurse

Instagram: https://www.instagram.com/theenrichednurse/

Check out The Enriched Nurse CE Courses for nurse continuing ed with ANCC contact hours and get paid and reimbursed with employer funds to take them.  

Disclaimer

I'm an RN and Certified Financial Education Instructor℠, not a finance pro, lawyer, accountant, or tax pro.  I do manage all these aspects of my personal life really well and think other nurses could benefit from my insight and experiences.  Any references to patients have been fictionalized.

This podcast is for entertainment, educational, and informational purposes only.  Opinions are those of the speaker and not necessarily The Enriched Nurse.  Nothing in the show should be taken as financial, tax, legal, accounting, or medical advice. Any reference to income, earnings, or returns are estimates and not guarantees.  You may not achieve the same results.  Investing entails risk and you could lose money.  Consult a professional if you do not fully understand the risks and/or topics discussed or you want professional advice.   

Today I explain three reasons nurses either feel broke or like they can't get ahead.  Plus, three actionable ways to overcome these reasons.  I frequently hear nurses complaining and concerned about the state of their finances.  No matter what stage of their career you are in, you can optimize.  Most nurses have no clue why they aren't rich, depsite seemingly making "good money."  

My Latest Course is Maximize Nurse Pay (& Negotiate It!) I will teach you effective strategies I've used to boost my hourly pay, make thousands more per year, work less, and negotiate improvements to my pay and workign conditions.  

www.enrichednursece.com/p/max-nurse-pay

SUBSCRIBE: https://enrichednurse.com/the-enriched-nurse-podcast/

Free Financial Vitals Tracker: https://enrichednurse.com/free-download/

Free Mini-Course MAX Education Funds/Hours: www.enrichednursece.com/p/maxce

The Enriched Nurse Blog: https://enrichednurse.com/the-enriched-blog/

Enriched Nurse Continuing Education Home Page: https://enrichednursece.com

Transform Your Finances and Create A Financial Plan:  www.enrichednursece.com/p/financial-well-being-for-nurses

Follow On Social Media:

Facebook: https://www.facebook.com/TheEnrichedNurse/

LinkedIN: https://www.linkedin.com/in/dan-richmond-rn-bsn-cmsrn-6068152b3/

Youtube: https://www.youtube.com/@theenrichednurse

Instagram: https://www.instagram.com/theenrichednurse/

Check out The Enriched Nurse CE Courses for nurse continuing ed with ANCC contact hours and get paid and reimbursed with employer funds to take them.  

Disclaimer

I'm an RN, not a finance pro, lawyer, accountant, or tax pro.  Yet I manage all these aspects of my personal life really well and think other nurses could benefit from my insight and experiences.  Any references to patients have been fictionalized.

This podcast is for entertainment, educational, and informational purposes only.  Nothing in the show should be taken as financial, tax, legal, accounting, or medical advice. Any reference to income, earnings, or returns are estimates and not guarantees.  You may not achieve the same results.  Investing entails risk and you could lose money.  Consult a professional if you do not fully understand the risks and/or topics discussed or you want professional advice.   

In this episode we meet my lovely wife and fellow nurse Ketura Richmond RN, IBCLS.  She's a mom, dancer, course creator, and per diem nurse.  We talk about her background, challenging nursing school experience, why every nurse should be a WCS dancer, benefits of per diem nursing, doing a live national nursing webinar, getting her first course completed with ANCC contact hours, and more! 

SUBSCRIBE: https://enrichednurse.com/the-enriched-nurse-podcast/

Free Financial Vitals Tracker: https://enrichednurse.com/free-download/

Buy Ketura's New Course: https://www.enrichednursece.com/p/protection-and-support-for-breastfeeding-and-lactation-during-hospitalization-w-1-ch-ancc-ncpd

Buy MAXIMIZE Nurse Pay & Negotiate It: www.enrichednursece.com/p/max-nurse-pay

Free Mini-Course MAX Education Funds/Hours: www.enrichednursece.com/p/maxce

The Enriched Nurse Blog: https://enrichednurse.com/the-enriched-blog/

Enriched Nurse Continuing Education Home Page: https://enrichednursece.com

Transform Your Finances and Create A Financial Plan:  www.enrichednursece.com/p/financial-well-being-for-nurses

Follow On Social Media:

Facebook: https://www.facebook.com/TheEnrichedNurse/

LinkedIN: https://www.linkedin.com/in/dan-richmond-rn-bsn-cmsrn-6068152b3/

Youtube: https://www.youtube.com/@theenrichednurse

Instagram: https://www.instagram.com/theenrichednurse/

Disclaimer

I'm an RN, not a finance pro, lawyer, accountant, or tax pro.  Yet I manage all these aspects of my personal life really well and think other nurses could benefit from my insight and experiences.  Any references to patients have been fictionalized.

This podcast is for entertainment, educational, and informational purposes only.  Nothing in the show should be taken as financial, tax, legal, accounting, or medical advice. Any reference to income, earnings, or returns are estimates and not guarantees.  You may not achieve the same results.  Investing entails risk and you could lose money.  Consult a professional if you do not fully understand the risks and/or topics discussed or you want professional advice.   

I've negotiated multiple union contracts for nurses and worked as a union organizer.  Like it or not, union contract negotiations will impact you.  Learn how they work and how you can get involved for better outcomes.  It wasn't several years into my nursing career I really understood the importance of being engaged during contract negotiations.  

My Latest Course is Maximize Nurse Pay (& Negotiate It!) I will teach you effective strategies I've used to boost my hourly pay, make thousands more per year, work less, and negotiate improvements to my pay and workign conditions.  

www.enrichednursece.com/p/max-nurse-pay

SUBSCRIBE: https://enrichednurse.com/the-enriched-nurse-podcast/

Free Financial Vitals Tracker: https://enrichednurse.com/free-download/

Free Mini-Course MAX Education Funds/Hours: www.enrichednursece.com/p/maxce

The Enriched Nurse Blog: https://enrichednurse.com/the-enriched-blog/

Enriched Nurse Continuing Education Home Page: https://enrichednursece.com

Transform Your Finances and Create A Financial Plan:  www.enrichednursece.com/p/financial-well-being-for-nurses

Follow On Social Media:

Facebook: https://www.facebook.com/TheEnrichedNurse/

LinkedIN: https://www.linkedin.com/in/dan-richmond-rn-bsn-cmsrn-6068152b3/

Youtube: https://www.youtube.com/@theenrichednurse

Instagram: https://www.instagram.com/theenrichednurse/

Check out The Enriched Nurse CE Courses for nurse continuing ed with ANCC contact hours and get paid and reimbursed with employer funds to take them.  

Disclaimer

I'm an RN, not a finance pro, lawyer, accountant, or tax pro.  Yet I manage all these aspects of my personal life really well and think other nurses could benefit from my insight and experiences.  Any references to patients have been fictionalized.

This podcast is for entertainment, educational, and informational purposes only.  Nothing in the show should be taken as financial, tax, legal, accounting, or medical advice. Any reference to income, earnings, or returns are estimates and not guarantees.  You may not achieve the same results.  Investing entails risk and you could lose money.  Consult a professional if you do not fully understand the risks and/or topics discussed or you want professional advice.