I am not making the promise that all those who follow my money management recommendations will become a millionaire. Although that is likely-not because of any magic I provide, but because of the power of compound interest. Saving monthly at the beginning of your nursing career, in both your retirement accounts and your own personal accounts, will, over a 30-40 year career result in multi-millions of dollars saved.
If you are starting your millionaire nurse journey later in your career, then, you may not reach seven figures in savings, but you will be much more comfortable in your later years. You will build a cushion to protect yourself and your family from the ups and downs of real life.
The secret is in living within your means during that time, to allow those steady savings to build up without constant withdrawals for so-called emergencies-like a new car or boat.
In this blog, over time, I will discuss techniques and tools to help make this basic advice easier to follow. I hope to also use the power of the connectedness of the web, to provide you nurses great savings and money management tips being published daily.
So in summary, a millionaire nurse, may not have a million dollars in the bank-YET. But the millionaire nurse is a mindset – not just a person-who understands money, and themselves.
Until next time,
Dr. Dean
Tags: " personal finance for nurses", financial management, nurses
Millionaire Nurse Blog
