Blog
TFC Year 3 Update
Discover what the TFC financial situation looks like after 3 years of giving anesthesia. We have made some major life changes including transitioning from DINK status, starting locum work, and investing like mad. This is an update from the July 2024 post where the TFC family first achieved millionaire status. See how much progress we have made in the 12 months following.
Learn the TFC work setup, investment accounts, and investment selections.
7 Ways to Increase your Income
This week I discuss 7 ways for CRNAs to unlock their full earning potential as a high-income provider. Discover actionable strategies to boost your income, from mastering negotiation tactics and upgrading your job, to maximizing overtime, specialization, and exploring lucrative locum opportunities. Leverage retirement benefits and invest both inside and outside your clinical practice.
Whether you’re seeking financial independence or simply want to make smarter money moves, this post breaks down practical steps to grow your wealth without sweating the small stuff.
Beyond the OR: A CRNA's Guide to Combating Burnout
This week I write about CRNA burnout. It’s a serious issue causing hardships for providers and potentially dangerous outcomes for patients. This entry speaks to understanding and recognizing the many manifestations of burnout. Learns ways to proactively and reactively manage burnout. Treat the symptoms and the root cause. From a financial lens, our job acts as our primary driver of income for the first few decades. Manage burnout to prolong your career, thus safeguarding that wonderful income. Your future self will thank you.
Time Value of Money
The time value of money relates to a dollar today vs a dollar tomorrow. How to handle opportunity cost, investing, and inflation to maximize the time value of your earnings. Don’t allow you buying power to needlessly erode.
Spouses and Money
To join finances or keep them separate? As a societal taboo, money is difficult to discuss. It’s essential to have a partnership cohesive in the personal finance department. Here are some topics of discussion best had earlier than later.
Locum CRNA Income and Expenses 2024
How money enters and exits my LLC as a locum CRNA. This speaks to approximate taxation, payroll, retirement, expenses, and distributions. Enough to give you an expectation when you decide to make the transition to self-employment.
Locum CRNA: Financially Independent in 5 Years
The locum lifestyle can set up a CRNA for retirement in 5 years. Yep, 5 years of locum work pays for a middle class lifestyle. Amazing for those looking to end the need for earned income.
Thirty, Flirty, and Thriving Millionaires
Millionaires at age 30. Not too bad. Read to find out how we did it.
1099: 13 Easy Steps to Get Started
Transitioning to 1099 contractor work seems intimidating. This entry acts as my checklist to getting started. It’s everything you need to cause trouble and allow your focus to remain on medicine.
5 Reasons You Aren’t Winning With Money
Here are 5 financial setbacks I have experienced. This is a good read and an opportunity for reflection. Maybe these apply to you without your knowing.
Buying Index Funds: A Step-by-Step Walkthrough with Screenshots
Self-managing your investments sounds daunting. Allow me to walk you through the process of buying index funds such as VTSAX and VTI. This simple process takes minutes and will have you questioning the need for your current financial advisor.
7 Reasons I switched from W-2 to 1099
After the switch, I felt like the guy in the thumbnail. On top of the world and cold. The Midwest is pretty flat, but it’s close enough. Anyway, there are many reasons to make the jump from W-2 to 1099 employment if you find yourself in a similar situation.
How Finances Influenced My Job Selection
Deny as you will, but compensation is a major factor in every profession and every job. Here is how I integrated compensation into my job selection criteria.
The Moneymoon Phase
Nothing says trying to legitimize a blog like creating your own jargon. The moneymoon phase is the time to get ahead. It doesn’t last forever, so make the most of it.
529 Plan Explained
Everything you need to know about a 529 plan for education expenses. Another valuable tax deferred account to selflessly strengthen your financial family tree.
My Experiences with Financial Advisors
It’s important to build the right team to enhance personal and professional development. Each member comes at a cost. Look for value. The reason behind why I manage money the way I do.
Job Search Considerations Part II
A continuation of “The Job Search.” There are plenty of considerations in this post to be mindful of. And don’t miss part I for my top 4 priorities.
CRNAs: Financially Independent within 10 Years
What if I told you most CRNAs could be financially independent and retire from anesthesia within 10 years of passing boards? It’s not as difficult as it sounds and I’ll show you why. Read to find out just how easy it is to retire in a decade with anesthesia income.