Several years ago there were only a couple of major cell phone companies. Sprint was always the discount company that could never truly compete with the quality of the bigger wireless companies. Over the last couple of years, T-mobile emerged as a true contender to the major wireless companies. A wireless plan typically costs you …
We ended our October FI update with a net worth of $81k. At the end of November, our net worth has increased to just over $90k for an increase of about $9k or around an increase of 10%. Student Loans My student loans increased from $45,618 to $45,729 due to interest. I am in the …
Can you imagine a generation of nurses who graduate financially savvy and investment smart? My undergraduate nursing program and my recent graduate nurse practitioner program had ZERO information about personal finance much less investing the money we’d be soon making. We just learned how much student loan we would get with the promise of TONS of good-paying jobs for nurses. Reality is I graduated with too much student debt and no financial advice from my nursing programs.
Often people end up living this way because they don’t know anything different, and this is how their parents and family have always lived. There are no current surveys that I’m aware of that examine nurses and their money habits. I would guess that nurses save pretty similar to the average American. And that’s SCARY!
I had no idea how the stock market really worked except lots of people would buy stocks and then hope to sell them for more than they bought them for. I remember my parents and relatives occasionally doing business with a stockbroker when I was growing up. The impression I got was that the stock market was risky and usually an educated guessing game and that my parents did not do very well at it.
All throughout school we heard about the great nursing shortage, but here I was 2 months into the job hunt without any real prospects. I only had enough money for one more month of rent. I now realize just how much money I wasted over my first couple of years out of nursing school especially when I was a travel nurse. Had I started budgeting right away out of school, I’m sure I would be much further ahead in my journey to financial independence.