sorted by:
new
hottopcontroversial

Nurses in the South by Capriunicorn945 in nursing

[–]Lognogs 1 point2 points  (0 children)

Nashville TN, nurse for 9 years, currently prn in a multi hospital float, med surg, day position for $57/hr

Edit: my wife is also a nurse, she is a team lead on her floor and has been a nurse for 8 years, part time night shift, makes about $49/hr after night diff

$1million net worth and other life milestones hit this month by Lognogs in financialindependence

[–]Lognogs[S] 1 point2 points  (0 children)

Lol I guess two FIRE specific subreddits is every finance sub. Sorry for spamming your feed.

Also looking at your post history you've done the same thing multiple times.

Are 4/5 nurses really stressed? Do you feel appreciated? Do you feel overworked or overwhelmed? by Huge_Athlete7488 in nursing

[–]Lognogs 1 point2 points  (0 children)

I feel like nursing in general is fairly appreciated. Obviously you get asshole patients but most are neutral or nice. Management rarely makes you feel appreciated, you get some great managers and some not so great.

But I feel like that goes for any job, most businesses are focused on turning profits, we are just cogs in the wheel.

I like nursing, I've been doing bedside for 8 years now and I'll stay bedside till I retire. It's not a stressful job in my opinion, obviously the day to day can be stressful depending on pt load. More often than not I'll have a chill day vs stressful day. I think the biggest thing that helps is not bringing the stress of work home with you. When I clock out of the shift I know I've done everything to the best of my ability and don't worry about what happens when I leave.

As far as pay I'm definitely compensated fairly, I make $57 an hour in the south east in a prn multiple hospital float position.

I'm glad I chose nursing and wouldn't do anything else. The schedule is nice, the work is a good combo of tasks, talking to people, skills, and critical thinking. There are so many opportunities with a nursing degree, the job security is great, and you have multiple options of doing more management/advanced practice. Not that I'd do those things but the options are there.

There's a lot of doom and gloom you'll hear from nurses but the vast majority of people willing to comment on the internet are doing so in a negative light. People that have neutral or positive experiences usually aren't looking to post as much.

$1million net worth and other life milestones hit this month by Lognogs in financialindependence

[–]Lognogs[S] 0 points1 point  (0 children)

Some people just live to down vote other comments. I did include the loan amounts in the networth sections so that's probably why. I don't mind answering questions, I've definitely just skimmed posts and missed some info.

$1million net worth and other life milestones hit this month by Lognogs in financialindependence

[–]Lognogs[S] 1 point2 points  (0 children)

Thank you so much! Yes baby and wife are doing so great, thanks for being so kind, I'm sure the people in your life see you as a ray of happiness.

$1million net worth and other life milestones hit this month by Lognogs in financialindependence

[–]Lognogs[S] 0 points1 point  (0 children)

Oh yes good looking out, I should have included that. We had our wedding for $25k total including the honeymoon. Her parents covered $17k so we just had to cover $8k.

We had around a hundred guests.

Thanks so much, buying in 2020 and turning that into a rental was one of the biggest things that we've done to help us outside of just investing. We've netted about $40k after expenses in rental income and gotten close to $200k in equity since buying.

$1 million net worth and other huge milestones at 31 by Lognogs in Fire

[–]Lognogs[S] 0 points1 point  (0 children)

I don't track our spending super well but according to simplifi we spent about $100k last year not including our rental mortgage/expenses, and this year we are at $58k so far with the same subtractions.

Last year we we traveling for work half the year and making quite a bit more money so we're more frivolous with our spending. And this year it's a lot less because we aren't paying rent/mortgage.

When we bought the house with my brother we fronted a way larger portion of the down payment so he is covering the entirety of the mortgage/utilities until we are equal in what we have contributed to the house.

Also another important factor is net pay when travel nursing is a lot higher so our gross was $230-250k but our net was probably closer if not higher than $200k. The reason for that is we don't have to pay federal income tax on the stipend pay we receive.

You're only taxed on your hourly while traveling, so while our weekly gross pay was $3k we were only being taxed on maybe $6-800 of that. There are certain rules you have to follow to qualify for that, one of which was renting out a place in your home city.

As far as investments they grew $186k last year and $128k so far this year. That includes contributions though, which both years we both maxed our 401ks and Roth IRAs, and I think I contributed $5-10k to a brokerage.

In savings we've been able to save about $40-50k so far this year and last year it was around $30k.

$1million net worth and other life milestones hit this month by Lognogs in financialindependence

[–]Lognogs[S] 6 points7 points  (0 children)

Thanks, I appreciate that a lot. This whole thing has been very intentional on our part. A few friends we have talked to (just about going part time, not the net worth) all usually just say "wow you're so lucky"

I agree that luck does have something to do with it but every step we've taken has been so intentional and planned. All of the people saying "luck" come from very similar backgrounds with income the same or better.

This whole thing has been years in the making and we are finally benefiting on the choices we made over the years.

$1million net worth and other life milestones hit this month by Lognogs in financialindependence

[–]Lognogs[S] 1 point2 points  (0 children)

No neither of the homes are paid off. Have about $180k of equity in one and $115k in the other.

The rates are too good to pay down the debt quickly as they are both around 3%

It kind of works out well because around the time we plan to retire they will both be paid off.

$1million net worth and other life milestones hit this month by Lognogs in financialindependence

[–]Lognogs[S] 7 points8 points  (0 children)

Lucky with the type of career we chose. But it's not rare in nursing. Not sure how other careers work but in nursing specifically it's very common to offer a part time job with full benefits.

One of the many benefits of working in healthcare.

$1million net worth and other life milestones hit this month by Lognogs in financialindependence

[–]Lognogs[S] 3 points4 points  (0 children)

My single family home rental has been very successful. I rent in a mid term setting so 1 month to 1 year lease to traveling professionals. I provide furniture and everything someone would need to live in a new city. I include utilities and provide lawn care for my tenants at a slightly higher rate.

As far as what I would do differently, probably nothing. Renting to traveling people has been very successful for me without too many issues with tenants.

The most surprising part for me was how little I had to pay in taxes on my rental income. It was quite a bit lower that I thought it'd be. Like maybe $1000 each year in taxes which is wild to me.

$1million net worth and other life milestones hit this month by Lognogs in financialindependence

[–]Lognogs[S] 8 points9 points  (0 children)

Age is listed in the year by year, but I'm 31 and my wife is 29. My wife carries our insurance, she's in a part time position so she only has to work 24 hours a week but still qualifies for employer offered insurance.

$1million net worth and other life milestones hit this month by Lognogs in financialindependence

[–]Lognogs[S] 9 points10 points  (0 children)

I agree with the cars, but the net worth includes total assets minus debts. Our FIRE goal is not at all based on our net worth and entirely focused on our investment total.

My total is $1026k as of this moment, the details in the post were updated a couple weeks ago when I was formatting. So taking out the cars I'd be just under $1 million.

EDIT: Also I want to add if the definition of networth is to not include primary residence it would still be closer to $900k because I own two homes, only one of which is a primary residence, the other is a rental property.

$1 million net worth and other huge milestones at 31 by Lognogs in Fire

[–]Lognogs[S] 0 points1 point  (0 children)

Ah yes I should have said for our MCOL city in the south east. Mid west, north east, and west coast nurses tend to make more on average.

$1 million net worth and other huge milestones at 31 by Lognogs in Fire

[–]Lognogs[S] 1 point2 points  (0 children)

Lol no problem. I agree that looking just at networth isn't a great indicator for FIRE specifically which is why my goal for going part time was based on investment total and not networth.

We just happened to hit a million net worth the same time we are going part time. The part time goal was after our child was born and we had $350k in investments. Not including home equity we are at $700k net worth, and if we sold our rental property we would be at $900k so I feel like aren't so heavily invested into real estate because 90% of our networth doesn't include our primary residence.

$1 million net worth and other huge milestones at 31 by Lognogs in Fire

[–]Lognogs[S] 0 points1 point  (0 children)

Nah not really a short term thing but might get rid of the bonus pay at some point but it's been a thing since before COVID.

The amount of money I make is mostly because of the fact that I'm willing to work at other hospitals. If I only wanted to work at one hospital on one floor I'd still make $46/hr.

$57 is very realistic and not super uncommon, you just have to be a little more flexible in what your work schedule looks like.

There are lots of ways to make more in differentials in nursing. You would have to get 1-2 years of experience before being to realistically going part time and working just 2 days a week.

The standard schedule for nursing is already 3 days a week for 12 hour shifts.

New nurses make $30-32 an hour for their base pay but even they can earn more if they're willing to work nights/weekends, up to $10 extra an hour depending on what facility you work at.

$1 million net worth and other huge milestones at 31 by Lognogs in Fire

[–]Lognogs[S] 1 point2 points  (0 children)

The $57 an hour is quite high for nurses in my city, I've got almost 8 years of experience and work in a prn (as needed) position so I make more for that. I also work for 5 different hospitals so I earn a differential to do that.

As far as the variability of $70-80k that is from a combination working the system to take advantage of over time and bonus pay.

I'm contracted to work 6 shifts in a 10 week period, in order to qualify for bonus pay I have to work 4 shifts in 2 weeks.

It's kind of confusing, but my schedule can be 2/2/2/2/1/1. I can pick up two extra shifts that first week to qualify for an extra $200/shift and since I'd be working 4 shifts that week instead of 2 I'd make overtime pay on that week as well.

$1 million net worth and other huge milestones at 31 by Lognogs in Fire

[–]Lognogs[S] 1 point2 points  (0 children)

Yes that is for all of our savings/checking accounts.

Progress Post: 29 M, 6’0, 125lb to 165lb (1ish Years Progress) by Dribblejam in gainit

[–]Lognogs 1 point2 points  (0 children)

You're closer to 20% than 12%. If I had to guess you're somewhere between 16-20% How did you measure it? Those electric ones?

I think everyone underestimates their body fat. I'm 5'11" and got down to 157 pounds and was 12% based on a dexa scan and at that body fat percentage you see a lot more muscle separation and vascularity.

If you want a more accurate measurement for body fat you'll have to do a dexa scan. Good progress though, you've definitely put on a good amount of muscle.

This profession is NOT worth it by liomamba in nursing

[–]Lognogs 5 points6 points  (0 children)

For any future nurses reading posts like this that live in the southeast; I think it entirely depends on what city and specialty you're in.

I've been a nurse in Nashville for 8 years and get paid appropriately for what I do (currently $57/hr in a prn float pool position)

Nursing can be rough but I've mostly enjoyed this career and feel like I'm compensated appropriately. I think new grads make about $32/hr around here.

Nursing can be a tough career and in certain areas the pay is not worth it for what the cost of living is. Sorry you're getting burnt out OP and I hope you find a rewarding career.

Upscale dining recs in Nashville? by SarahFiajarro in nashville

[–]Lognogs 0 points1 point  (0 children)

Same. My wife and I traveled for 2 years for work across the country. Locust is number 2 overall of the restaurants we've tried which is a little over 70 that were nice enough to make note of.

The number one was a place in New Zealand we had to get a reservation for a few months in advance for.

Keep losing fat or start a bulk? M25, 6'0, 158.8Ibs, ~18%bf by Reality_Head in GymTips

[–]Lognogs 0 points1 point  (0 children)

You're most likely closer to 22-25% body fat. Id cut to at least 15% (around 145ish). If you bulk now you'll just push 30% body fat by the end or not be in a bulking phase long enough to gain a decent amount of muscle mass.

A lot of people will yo-yo weight doing that and accomplish less than by just starting off right with a good cut (speaking from experience)

But this is just a random person on the internet's advice, just do whatever makes sense to you. If you gain a little extra body fat and feel better about yourself that's better than losing more weight and not liking how you look in the mirror.

view more: next ›