A Podcast for Travel Nurses Who Want To Build Generational Wealth.
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Wesh Financial Podcasts
Travel nursing has been around forever. It’s been a way of life for many nurses who simply didn’t want to be tied down to one hospital system forever. But for nurses just getting into the game in the wake of the Covid pandemic, shocks with the fluctuation of pay sent as many back to staff nursing as came for travel. Oftentimes those nurses were bar…
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Don't Know How to Create a Financial? Try Managing Risk Instead
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5:22You never know when life is going to hit you with a curve ball that throws you off track. Especially when you’re on the journey of building your wealth, these curveballs can quickly set you back to square one. 😔 It’s awful, it’s discouraging, but it happens to so many of us. I always start my financial planning process with making sure my clients a…
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How a Travel Nurse Can Save For Retirement Without Access to a 401k
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5:22I know when you’re working contract to contract, you’re usually on your own when it comes to investing for retirement. Don’t worry! You don’t need to rely on your employer-sponsored plan in order to save for retirement. This blog post breaks down your options and each of their limitations. Read along on my blog: https://www.weshfinancial.com/blog F…
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The Biggest Savings Mistake Young Nurses Make
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6:50When you’re less than 10 years from the start of your career, it can be hard to think about how much to save or what you should be saving for. 🤔 No worries, you’re not alone, I hear this all the time. But, there’s no simple solution because like all good financial advice, it depends on your specific situation. Read along on my blog: https://www.wes…
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One of the major topics I keep seeing around the Travel Nurse community is the confusion around tax homes. I know we’re all about that tax-free stipend, but in order for your stipend to remain tax-free, you need to have an established tax home, and you’ve got to be able to duplicate your expenses. If you’re wondering if your home qualifies as an es…
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Travel Nurses Save Yourself From Bad Tax Advice
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5:31In our latest episode of the Travel Nurse Wealth Show, we discussed the dangers of bad tax advice. You can get tax advice from anyone these days, but it’s up to you to make sure that the advice you’re following won’t get you audited by the IRS. 👎 The IRS negligence penalty is 20% of the amount you underpaid on your taxes and along with fees and pay…
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Travel Nurses You're Asking the Wrong Questions
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5:24
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5:24When it comes to your finances, so many of you are asking the wrong questions. 😬 Let me explain. Most of you are asking questions like "should I use a Roth IRA to invest or should I use an IUL?" It’s not that your questions are inherently bad questions. But a big trap lies in pulling away from strategically meeting your financial nee…
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Investing Does Not Equal Having a Financial Plan
7:40
7:40
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7:40Sure, investing is a great tool to use for wealth building - but you can’t rely only on your investment portfolio. A good financial plan makes your money more efficient and incorporates a variety of financial strategies. You deserve to keep as much of the money that you’ve earned as you can. A good financial plan will get you there. Read along on m…
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I see too many travel nurses suffering for following this "one-size-fits-all" advice. 😖 You need to understand that the variables of your financial life reflect directly on the type of strategies that are appropriate for you. ---------------------------------------- Schedule Your Complimentary Call Join the Travel Nurse Facebook Group Watch the…
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Your Tax-Free Stipend and the IRS One Year Rule
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6:12Many travel nurses end up at assignments that they love and want to extend at. But you have to be careful. A simple misunderstanding could cost you your eligibility to the tax-free stipend or worse... Back owed taxes in an audit. Let's talk about your Tax-Free Stipend and the IRS One-year Rule ---------------------------------------- Schedule Your …
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12 Questions to Ask Before Buying into Any Investment - S2 Ep9
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27:12First generation professionals have zero deficiencies when it comes to hard work, grit and creative problem solving. If there is one weakness that plagues us, due to no fault of our own, it’s this… We struggle with knowing the right questions to ask. Not know what questions to ask not only affects the amount of resources we’re able to take advantag…
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How to Supercharge Your Money Plan with the Life-Cycle Of Needs Approach - S2 Ep8
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22:17
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22:17As a first generation professional or entrepreneur you know that’s it’s not enough to break through your families’ education or income ceiling. You know to enjoy an amazing life, you need to be able to leverage your income today to build wealth that lasts for you and your loved ones. The problem is that so much of the messaging targeting first gene…
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How to Overcome First-Generation Wealth Building Overwhelm - S2 Ep7
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12:59If you’re a first generation professional, entrepreneur, or first ANYTHING, you know how hard it is to take a break, breathe and relax. You’re secretly terrified that if you let up for just one second, everything you’ve worked so hard for will disappear and you’ll be left with nothing. And so, nothing is ever enough. The problem is most first-gener…
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How to Maintain Financial Resilience - S2 Ep6
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18:35
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18:35One of the most frequent questions I get in regard to managing one’s finances is “How do I achieve and maintain financial resilience through the ups and downs of the economy”? If there is one truth that unites people across race, religion, gender and socio-economic status it’s this… LIFE HAPPENS. Unfortunately, many of us go through life just HOPIN…
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Do you own assets like Mutual Funds and ETFs? Do you own investment vehicles like IRAs and Brokerage Accounts, or products like Life Insurance? How did you come to own and invest in them? Can you explain in simple terms the part they play in your larger wealth strategy? If you’re having trouble articulating their worth beyond “I know it’s a good id…
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Are you a high achieving professional or business owner and you want to make sure you’re building wealth that lasts? Have you poured over countless books, articles and videos with “gurus” claiming they know the secrets to building sustainable wealth? Have you joined a friend’s “business” or worked on a side hustle to create multiple streams of pass…
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Approximately WRONG: Why “Close Enough” is the Death Sentence for Your Finances - S2 Ep3
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21:17Have you ever heard of any financial “rule-of-thumb” metrics like… Save $1,000 in an emergency fund Save 10-15% of your income or… Max out your 401k for a secure retirement? If so, isn’t it great that with five minutes of your time and a quick Google search you can learn all of the strategies you need to intelligently manage your finances? Oh! – an…
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Managing Risk: A Whole Lot More Than Thoughts & Prayers - S2 Ep2
20:54
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20:54When you think about making a plan for your finances the first thing that comes to mind is saving or investing right? If so, you’re not alone… But it’s a step too fast. The number one reason money plans go awry is because you plan for all sunshine and no rain. Managing your financial risk is key to giving your plan the best chance to win. ---------…
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Making a budget is NOT the key to financial success… And you know it’s true. Budgets are restrictive and only reflect obligations, instead of priorities. I want to shift your mindset around BUDGETING and why you should DUMP the practice today! ---------------------------------------- Book a FREE Breakthrough Call: MyFamilyMoneyPlan.com/Talk Private…
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