Wealthy Nurse Podcast: Money, FI, Investing for Nurses

 The Truth that you need to hear about Nurses Week

In this episode, the focus is on what nurses truly need beyond the superficial gifts of Nurses Week. I talked about the importance of financial independence for nurses, sharing my personal journey into investing and the significant role it played in improving my job satisfaction and career options. I highly encourage nurses to focus on financial wellness to achieve true appreciation and autonomy in our profession.

If you want to learn about FI/RE movement, Register Here to access the FI/RE for Nurses Workshop Replays + bonuses

Scrubs and Stocks Podcast is a podcast hosted by Ellaine Maala, RN, NP who is a finance educator, nurse, and owner of NursingFlowsheet LLC, which is a finance and career blog for nurses. This podcast is created to help nurses build wealth through investing in the stock market, real estate or in their own businesses.

Nurses deserve options whether they want to retire early or work until retirement.

If you want to connect with Ellaine, follow her on:

Instagram: @nursewhoinvests

TikTok: @nursewhoinvests

Blog: nursingflowsheet.com , nursewhoinvests.com

Download my free checklist on what you need to do before investing: PREREQ CHECKLIST

“Stay Hydrated and Stay Invested!” - your rich nurse bestie

SHOW DISCLAIMER: This show may contain affiliate links or links from advertisers where we earn a commission, direct payment or products. Information shared on this podcast is for entertainment purposes only and should not be considered as professional advice. The views and opinions expressed by guests on this platform are their own and do not reflect the views or opinions of the institutions with which they are affiliated. Any information provided by guests is intended for informational and discussion purposes only. It is important to note that individual perspectives may vary.  The hosts and the platform do not endorse or validate the opinions expressed by guests regarding their respective institutions. Listeners are encouraged to independently verify any information provided and to form their own opinions based on a comprehensive consideration of various perspectives. Opinions are our own. 

In this episode of the podcast, the host welcomes Ari Taublieb CFP, the host of the Early Retirement Podcast, to discuss the ins and outs of early retirement. Ari shares his journey from a would-be professional soccer player to a certified financial planner disenchanted with traditional financial strategies aimed at the ultra-wealthy. He critiques the FIRE (Financial Independence, Retire Early) movement, advocating instead for Financial Independence and Recreational Employment. Ari emphasizes the importance of planning for personalized financial goals rather than adhering to broad and often misleading retirement formulas. The discussion covers a wide range of topics including the utility of brokerage accounts, the impact of taxes on retirement planning, and the 4% rule. Ari offers practical advice on achieving financial independence without sacrificing quality of life, while also offering resources like his Early Retirement Academy to help listeners design their own early retirement plans.  

00:00 Welcome and Introduction to the Guest

00:39 Ari's Perspective on Early Retiremen

t 02:37 Ari's Journey to Early Retirement Advocacy

04:51 Advice for Nurses Considering Early Retirement

06:09 The Power of Investing for Early Retirement

09:40 Planning for Big Expenses in Retirement

12:46 Critique of the 4% Rule and Alternative Strategies

15:04 Navigating Market Fluctuations in Retirement

15:34 The 4% Rule and Financial Flexibility

16:32 When to Seek Financial Advice

17:45 The Importance of Self-Education in Finance

18:41 Investment Accounts for Early Retirement

20:33 Tax Strategies for Early Retirement

23:05 Planning for Early Retirement

25:16 Redefining Retirement and Personal Goals

27:58 Resources and Recommendations  

To connect with Ari: @earlyretirementari

If you want to learn about FI/RE movement, Register Here to access the FI/RE for Nurses Workshop Replays + bonuses

Scrubs and Stocks Podcast is a podcast hosted by Ellaine Maala, RN, NP who is a finance educator, nurse, and owner of NursingFlowsheet LLC, which is a finance and career blog for nurses. This podcast is created to help nurses build wealth through investing in the stock market, real estate or in their own businesses.

Nurses deserve options whether they want to retire early or work until retirement.

If you want to connect with Ellaine, follow her on:

Instagram: @nursewhoinvests

TikTok: @nursewhoinvests

Blog: nursingflowsheet.com , nursewhoinvests.com

Download my free checklist on what you need to do before investing: PREREQ CHECKLIST

“Stay Hydrated and Stay Invested!” - your rich nurse bestie

SHOW DISCLAIMER: This show may contain affiliate links or links from advertisers where we earn a commission, direct payment or products. Information shared on this podcast is for entertainment purposes only and should not be considered as professional advice. The views and opinions expressed by guests on this platform are their own and do not reflect the views or opinions of the institutions with which they are affiliated. Any information provided by guests is intended for informational and discussion purposes only. It is important to note that individual perspectives may vary.  The hosts and the platform do not endorse or validate the opinions expressed by guests regarding their respective institutions. Listeners are encouraged to independently verify any information provided and to form their own opinions based on a comprehensive consideration of various perspectives. Opinions are our own. 

In this episode, I talked about  the concept of financial freedom and shares three impactful lessons from my journey as a nurse. I explained what financial independence and the FIRE movement (Financial Independence Retire Early) are, and highlight my achievement of 'Coast FI,' a state where one's investments grow to cover retirement expenses without further contributions. 

The three main lessons shared are: 1) Money is a tool, not a goal, urging listeners to use money intentionally to create the life they want; 2) Investing is more powerful than merely earning more, emphasizing the importance of starting early to take advantage of compound interest; 3) Financial freedom is built on systems, not willpower, stressing the need for automated, consistent financial habits.

If you want to learn about FI/RE movement, REGISTER HERE TO GET EARLY BIRD pricing for my financial independence/Retire early workshop for nurses. (NURSE WEEK SPECIAL)

Scrubs and Stocks Podcast is a podcast hosted by Ellaine Maala, RN, NP who is a finance educator, nurse, and owner of NursingFlowsheet LLC, which is a finance and career blog for nurses. This podcast is created to help nurses build wealth through investing in the stock market, real estate or in their own businesses.

Nurses deserve options whether they want to retire early or work until retirement.

If you want to connect with Ellaine, follow her on:

Instagram: @nursewhoinvests

TikTok: @nursewhoinvests

Blog: nursingflowsheet.com , nursewhoinvests.com

Download my free checklist on what you need to do before investing: PREREQ CHECKLIST

“Stay Hydrated and Stay Invested!” - your rich nurse bestie

SHOW DISCLAIMER: This show may contain affiliate links or links from advertisers where we earn a commission, direct payment or products. Information shared on this podcast is for entertainment purposes only and should not be considered as professional advice. The views and opinions expressed by guests on this platform are their own and do not reflect the views or opinions of the institutions with which they are affiliated. Any information provided by guests is intended for informational and discussion purposes only. It is important to note that individual perspectives may vary.  The hosts and the platform do not endorse or validate the opinions expressed by guests regarding their respective institutions. Listeners are encouraged to independently verify any information provided and to form their own opinions based on a comprehensive consideration of various perspectives. Opinions are our own. 

In this episode, I talked about MY financial freedom strategy and WHAT is the BEST strategy for you. I talked about what I focus on my journey which is making more money as a nurse, starting a business and investing in stock market assets. 

REGISTER FOR THE FREE INVESTING CLASS: https://www.nursewhoinvests.com/class

Scrubs and Stocks Podcast is a podcast hosted by Ellaine Maala, RN, NP who is a finance educator, nurse, and owner of NursingFlowsheet LLC, which is a finance and career blog for nurses. This podcast is created to help nurses build wealth through investing in the stock market, real estate or in their own businesses.

Nurses deserve options whether they want to retire early or work until retirement.

If you want to connect with Ellaine, follow her on:

Instagram: @nursewhoinvests

TikTok: @nursewhoinvests

Blog: nursingflowsheet.com , nursewhoinvests.com

Download my free checklist on what you need to do before investing: PREREQ CHECKLIST

“Stay Hydrated and Stay Invested!” - your rich nurse bestie

SHOW DISCLAIMER: This show may contain affiliate links or links from advertisers where we earn a commission, direct payment or products. Information shared on this podcast is for entertainment purposes only and should not be considered as professional advice. The views and opinions expressed by guests on this platform are their own and do not reflect the views or opinions of the institutions with which they are affiliated. Any information provided by guests is intended for informational and discussion purposes only. It is important to note that individual perspectives may vary.  The hosts and the platform do not endorse or validate the opinions expressed by guests regarding their respective institutions. Listeners are encouraged to independently verify any information provided and to form their own opinions based on a comprehensive consideration of various perspectives. Opinions are our own. 

Understanding Nursing Salaries: Comfortable Range and Tips for Financial Success Welcome back to the podcast!

Today, we dive into nursing salaries in the United States and discuss what constitutes a 'comfortable' salary. I share insights on the factors that influence this range, such as location, cost of living, and individual circumstances. I'll also announce my big move to the Bay Area and reflect on an SFGate article about the cost of living there. For nurses aiming to achieve financial comfort, I'll provide practical advice on advancing your degree, relocating for higher pay, and earning certifications. Lastly, I underscore the importance of investing to grow your wealth and introduce my upcoming class on stock market investing, designed to help nurses achieve financial success. Stay hydrated, stay invested!

00:00 Introduction and Topic Overview

00:36 Defining a Comfortable Salary

01:50 Personal Experience and Big Announcement

04:00 Cost of Living Comparisons

08:33 Strategies for Achieving a Comfortable Salary

10:32 Beyond the Comfortable Salary: Investing and Wealth Building

16:00 Conclusion and Final Thoughts

 LEARN HOW TO INVEST: http://www.nursewhoinvests.com/class

Money Trackers: EMPOWER: https://personalcapital.sjv.io/c/4933818/2149947/13439 MONARCH: https://www.monarchmoney.com/referral/i1appmlnv1

 If you want to learn more about money, investing and nursing: http://www.nursingflowsheet.com

Nurses deserve options whether they want to retire early or work until retirement.

If you want to connect with Ellaine, follow her on:

Instagram: @nursewhoinvests

TikTok: @nursewhoinvests

Blog: nursingflowsheet.com , nursewhoinvests.com

Download my free checklist on what you need to do before investing: PREREQ CHECKLIST

“Stay Hydrated and Stay Invested!” - your rich nurse bestie

SHOW DISCLAIMER: This show may contain affiliate links or links from advertisers where we earn a commission, direct payment or products. Information shared on this podcast is for entertainment purposes only and should not be considered as professional advice. The views and opinions expressed by guests on this platform are their own and do not reflect the views or opinions of the institutions with which they are affiliated. Any information provided by guests is intended for informational and discussion purposes only. It is important to note that individual perspectives may vary.  The hosts and the platform do not endorse or validate the opinions expressed by guests regarding their respective institutions. Listeners are encouraged to independently verify any information provided and to form their own opinions based on a comprehensive consideration of various perspectives. Opinions are our own. 

Here are the FOUR mistakes most nurses make in their career (and I've made as well) and why they are STUCK or does not like their job as nurses. Nursing is a great profession and I absolutely love my job although there was a time in my career that I questioned if I made the right decision to be a nurse. Hopefully this video will encourage you to leverage your nursing degree to build a life that you want for yourself. LEARN HOW TO INVEST: http://www.nursewhoinvests.com/class

Money Trackers: EMPOWER: https://personalcapital.sjv.io/c/4933818/2149947/13439 MONARCH: https://www.monarchmoney.com/referral/i1appmlnv1

 If you want to learn more about money, investing and nursing: http://www.nursingflowsheet.com

Nurses deserve options whether they want to retire early or work until retirement.

If you want to connect with Ellaine, follow her on:

Instagram: @nursewhoinvests

TikTok: @nursewhoinvests

Blog: nursingflowsheet.com , nursewhoinvests.com

Download my free checklist on what you need to do before investing: PREREQ CHECKLIST

“Stay Hydrated and Stay Invested!” - your rich nurse bestie

SHOW DISCLAIMER: This show may contain affiliate links or links from advertisers where we earn a commission, direct payment or products. Information shared on this podcast is for entertainment purposes only and should not be considered as professional advice. The views and opinions expressed by guests on this platform are their own and do not reflect the views or opinions of the institutions with which they are affiliated. Any information provided by guests is intended for informational and discussion purposes only. It is important to note that individual perspectives may vary.  The hosts and the platform do not endorse or validate the opinions expressed by guests regarding their respective institutions. Listeners are encouraged to independently verify any information provided and to form their own opinions based on a comprehensive consideration of various perspectives. Opinions are our own. 

Episode 50: Is Nursing a "Recession Proof" Profession?! What should you do as a nurse during market downturns

In this episode, I talked about recession. Is nursing a recession proof profession? The current landscape of our economy, politics and markets is very volatile w/ signals of recession coming or already here. I talked about why nurses are NOT safe during these time and shared ways on how you can prepare for a recession as a nurse. I talked about stock market crashes and how it's a normal part of investing. 

Get started w/ investing: CLICK HERE 

HYSA:  I use ALLY BANK. Open your account and gain 3.7% interest 

Scrubs and Stocks Podcast is a podcast hosted by Ellaine Maala, RN, NP who is a finance educator, nurse, and owner of NursingFlowsheet LLC, which is a finance and career blog for nurses. This podcast is created to help nurses build wealth through investing in the stock market, real estate or in their own businesses.

Nurses deserve options whether they want to retire early or work until retirement.

If you want to connect with Ellaine, follow her on:

Instagram: @nursewhoinvests

TikTok: @nursewhoinvests

Blog: nursingflowsheet.com , nursewhoinvests.com

Download my free checklist on what you need to do before investing: PREREQ CHECKLIST

“Stay Hydrated and Stay Invested!” - your rich nurse bestie

SHOW DISCLAIMER: This show may contain affiliate links or links from advertisers where we earn a commission, direct payment or products. Information shared on this podcast is for entertainment purposes only and should not be considered as professional advice. The views and opinions expressed by guests on this platform are their own and do not reflect the views or opinions of the institutions with which they are affiliated. Any information provided by guests is intended for informational and discussion purposes only. It is important to note that individual perspectives may vary.  The hosts and the platform do not endorse or validate the opinions expressed by guests regarding their respective institutions. Listeners are encouraged to independently verify any information provided and to form their own opinions based on a comprehensive consideration of various perspectives. Opinions are our own. 

One of the best ways to do this is by setting up the right financial accounts. I talked about the four accounts that will help you build a solid financial foundation and create long-term wealth. 

If you want to learn about the tools I use to be a wealthy nurse, check out this blog post: Financial Tools

My HYSA:

Brokerage Firms:

If you want to learn more about money, investing and nursing: http://www.nursingflowsheet.com

Scrubs and Stocks Podcast is a podcast hosted by Ellaine Maala, RN, NP who is a finance educator, nurse, and owner of NursingFlowsheet LLC, which is a finance and career blog for nurses. This podcast is created to help nurses build wealth through investing in the stock market, real estate or in their own businesses.

Nurses deserve options whether they want to retire early or work until retirement.

Don’t be a stranger :) 💌[email protected]

My amazon must haves: https://amzn.to/3sFShcL

IG: http://www.instagram.com/nursewhoinvests

“Stay Hydrated and Stay Invested!”

I no longer work overtime as a nurse - here are 3 reasons why

If you want to learn more about money, investing and nursing: http://www.nursingflowsheet.com

Sign up for my investing class: http://www.nursewhoinvests.com/class

Scrubs and Stocks Podcast is a podcast hosted by Ellaine Maala, RN, NP who is a finance educator, nurse, and owner of NursingFlowsheet LLC, which is a finance and career blog for nurses. This podcast is created to help nurses build wealth through investing in the stock market, real estate or in their own businesses.

Nurses deserve options whether they want to retire early or work until retirement.

Don’t be a stranger :) 💌[email protected]

My amazon must haves: https://amzn.to/3sFShcL

IG: http://www.instagram.com/nursewhoinvests

“Stay Hydrated and Stay Invested!”

This may not be my typical style of video, but I want to talk about why you need to take risks in life in general (AND INVESTING) and how this can help you see your full potential. A lot of people say that investing in the stock market is RISKY, but everything in life is risk-free.  I went from risk averse, to risk tolerant to now, taking more calculated risks to improve myself personally and financially.  I talked about ways on HOW YOU CAN START INVESTING as a nurse taking calculated risks & learning along the way.

REGISTER FOR THE FREE INVESTING CLASS: https://www.nursewhoinvests.com/class

Scrubs and Stocks Podcast is a podcast hosted by Ellaine Maala, RN, NP who is a finance educator, nurse, and owner of NursingFlowsheet LLC, which is a finance and career blog for nurses. This podcast is created to help nurses build wealth through investing in the stock market, real estate or in their own businesses.

Nurses deserve options whether they want to retire early or work until retirement.

If you want to connect with Ellaine, follow her on:

Instagram: @nursewhoinvests

TikTok: @nursewhoinvests

Blog: nursingflowsheet.com , nursewhoinvests.com

Download my free checklist on what you need to do before investing: PREREQ CHECKLIST

“Stay Hydrated and Stay Invested!” - your rich nurse bestie

SHOW DISCLAIMER: This show may contain affiliate links or links from advertisers where we earn a commission, direct payment or products. Information shared on this podcast is for entertainment purposes only and should not be considered as professional advice. The views and opinions expressed by guests on this platform are their own and do not reflect the views or opinions of the institutions with which they are affiliated. Any information provided by guests is intended for informational and discussion purposes only. It is important to note that individual perspectives may vary.  The hosts and the platform do not endorse or validate the opinions expressed by guests regarding their respective institutions. Listeners are encouraged to independently verify any information provided and to form their own opinions based on a comprehensive consideration of various perspectives. Opinions are our own.