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
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