Blog
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.
10 Investments for CRNAs to Build Wealth
There are many places to send your hard earned dollars. I have identified 10 quality candidates that will strengthen your financial health.
5 Reasons CRNAs are Bad with Money
High earning medical professionals meet the stereotype of being bad with money. As with most stereotypies, there is an element of truth at play. Find out where I see most CRNAs making a wrong turn, thus inhibiting their own financial success.
W-2 vs 1099
Understand what it means to be a W-2 employee or a 1099 independent contractor. Which do you take if offered a choice? They both have pros and cons. Decide what works best for your lifestyle.
5 Steps to Avoid Living Paycheck-to-Paycheck
It is all too common to see high-income earners living paycheck-to-paycheck. If you find yourself here, start the life-changing journey today. One small step at a time. It’s not easy to turn things around, but it is well worth the effort.
Strategies to Increase Income
The world is not enough. Despite earning more than enough to live a comfortable life, we always end up wanting more. Give a read if you are looking for ideas.
Pitfalls of Wealth Accumulation
Living paycheck to paycheck on a CRNA salary is easier than one might think. Avoid these bad decisions to ensure your escape from the rat race. We have a great profession, but it’s nice to have an exit plan.
Contract Negotiations: Maximize your Compensation
Six-figures over 3 years. My contract increase via negotiation. Negotiation is not thievery, but rather the agreement reached through discussion. Both parties come out ahead and feel like winners using the techniques discussed by an FBI negotiator in his best selling book.
Factors of Wealth Building: The Maintenance Phase
If you reach financial independence, do your best to keep it. Nothing worse than starting over. Read about factors to consider when maintaining your nest egg for the long run.
Factors of Wealth Building: The Accumulation Phase
There are two phases of wealth building and this article speaks to the “accumulation phase.” How to grow a money tree that produces enough fruit to support your way of life.
Compare Job Offers: A Spreadsheet to Compute Hourly Earnings
It’s tough to compare job offers. Some have a high base wage — others, great benefits. Are you okay taking call? Do they expect 30 hours per week or 60? There are so many variables when comparing contracts. I found hourly earnings to be the equalizer when I was going through various offers. Check out the spreadsheet to run the numbers for yourself!
Handling Student Loans
Student loans are a reality of most high opportunity cost professions. How student loans are handled determines financial success.
Find a Battle Buddy: Your Financial Success Depends on it
Financial success is not an individual support. Find that certain person who will make your success inevitable.
Evaluating your Financial Fitness
Financial comparisons are tough, especially for professions with a high opportunity costs. Read about the best way to set short and long-term financial goals.
CRNA Money, Now What?
It feels good to be a practicing CRNA and see the paycheck that accompanies the position. But what to do now that I am earning CRNA level compensation?