EP 105: Getting Out of Debt With Allie Grotteland

EP 105: Getting Out of Debt With Allie Grotteland

Getting a loan or borrowing money is an excellent idea at first. But what happens when you find yourself with missed payments? It’s not fun knowing that you owe some people or companies money. And paying or getting off debts is not always easy.

Being a professional nurse allows you to earn lucratively. But sometimes, even nurses have debts to pay. How can you free yourself from all of this? is there a way to live a debt-free life?

We understand that sometimes, we cannot avoid having debts, but if you know to spend your money wisely and be debt-free, wouldn’t that be amazing?

In this episode, we would like to introduce you to our guest Allie Grotteland. Allie is a PICU nurse and owner and founder of the debt-free nurse LLC. She helps nurses pay off debt and save money without sacrificing things they love. We discuss the importance of paying off debt, staying debt-free, and saving for the future.

 

IG page: @the_debtfreenurse

The questions below are some we tackled on the show

  1. How did you first become self-aware of investing?
  2. How do you first start teaching people about money?
  3. What is the mindset you should have about saving and investing? 
  4. What is your best advice to start paying off debt? 
  5. What is your best advice to start saving your life? 
  6. How do you create financial goals?
  7. How do you stop impulse spending? 
  8. One of your goals is to retire a millionaire, what systems do you have in place to bring that to reality? 
  9. Difference between Roth IRA vs 401K? 
  10. Tell us your experience with nurse bullying? 
CON EP 40: Stimulus Checks & Why Covid Vaccines Are Gene Therapies

CON EP 40: Stimulus Checks & Why Covid Vaccines Are Gene Therapies

Stimulus Checks

About 85% of people will receive $1400 stimulus checks. It’s the third stimulus checks given since COVID 19 started. If you’ve filled your 2020 taxes the check will be based on those, if not it will go off 2019 taxes [1]

Qualifying group What the law says
Individuals An AGI of less than $80,000 to qualify for any payment amount
Head of household An AGI of less than $120,000 to qualify for any payment amount
Couple filing jointly An AGI of less than $160,000 to qualify for any payment amount
Dependents of all ages $1,400 apiece, no cap — but only if guardians make under the above limits
Families with mixed US citizenship Provided they meet other qualifications
US citizens living abroad Yes, same as the first two checks
Citizens of US territories Yes, same as the first two checks, with payments handled by each territory
SSDI and other tax nonfilers Yes, but may require an extra step to claim (more below)
Incarcerated people Yes, included this time
People who owe child support Checks can be garnished to cover past due payments (more below)
Disqualified groups Not covered by law
Non-US citizens “Resident aliens” aren’t included
Noncitizens who pay taxes Depends on “mixed-status” rules (more below)

 

If you’ve had a child in 2021 they won’t be counted towards the stimulus, as of now. 

What is hidden in the Covid relief bill for Bill?

Bill and Malinda Gates foundation is reported to receive 3.5 billion.

The covid relief bill was 1.9 trillion [2]

  • Expanded unemployment benefits until Sept. 6 at $300/week
    • About 57 million people filed for unemployment = 17 billion dollars
  • If 150 million people get 1400 then that equals 210 billion dollars
  • 350 billion to state and local governments
  • 130 billion into schools K-12
  • 40 billion for colleges and universities
  • 28.6 billion to businesses
  • 7.25 billion for the paycheck protection program
  • 50 billion to expand covid testing
  • 15 billion for covid distribution
  • 1 billion to boos vaccine confidence
  • 10 billion for medical supplies and devices. 
  • Increased tax breaks for families with children 
  • 30 billion for low-income households for rent
  • 10 billion for homeowners struggling with mortgages
  • Student loan forgiveness

Adds up to about 1 trillion.

Vaccine

The vaccine is technically a type of gene therapy. The definition of a vaccine ”is a substance used to stimulate the production of antibodies and provide immunity against one or several diseases, prepared from the causative agent of a disease, its products, or a synthetic substitute, treated to act as an antigen without inducing the disease.” 

The definition of gene therapy is “the application of genetic engineering to the transplantation of genes into human cells in order to cure a disease caused by a genetic defect, as a missing enzyme.”

How is the vaccine different?

Instead of antigen payloads, the vaccine carries copies of the recipe for making the antigen, in the form of RNA, a molecule that stores information.

RNA is a string of chemical units representing, similarly to letters of the alphabet, the genetic code that all living cells use as instructions for producing their component proteins.

The newly licensed COVID-19 vaccines contain myriad identical RNA strands all coding for a critical section of the coronavirus’s spike protein. This protein is easy for the immune system to attack because it sits on the virus’s outer surface. It’s also indispensable to the virus, as it’s absolutely required for entry into our cells; so the virus doesn’t have the option of altering its spike protein, via mutation, to escape immune detection.

The vaccine’s RNA strands are hidden inside of nanoscale fat globules, which keeps our immune systems from flipping out.

The primary target for an RNA vaccine, as for traditional vaccines, is dendritic cells. Which absorb the nano fat globules.

Once inside, the RNA strands make their way to protein-producing power tools called ribosomes.

The ribosomes decipher the strands’ coded instructions and churn out new SARS-CoV-2 spike-protein bits

This triggers an effect similar to traditional vaccines, in which dendritic cells displaying their antigenic trophies on their surfaces race to the lymph nodes to tip off the immune cells hanging out there.

Why You Need to Try Harder

Why You Need to Try Harder

Why You Should Try Harder

As complex individuals, our minds are continually swirling with ideas about the future, change, and success in life. Our potential is vast, yet we end up getting stuck doing the same repetitive actions day in, day out, without realizing that the years are passing us by and our flame is slowly fading. The golden years waste away into reflections of what might have been.

If you don’t build your own dream, someone else will hire you to build theirs. 

This is a great quote by Tony Gaskins that fits with the topic of going full out. If you want to accomplish your dreams or goals, you have to navigate towards them at all times. Minimize distractions. More time spent on the task at hand leads to progress. The last thing you want is to find out you’re too late because you’ve put it off. If you don’t accomplish your dreams, you’ll just be a part of someone else’s.

Why is going harder beneficial and important

You don’t have as much to lose as you think

Rational people always weigh the risks and benefits. Unfortunately, how many times have the benefits exceeded the risks, yet nothing was accomplished? To have a chance at attaining your goals and dreams, you have to put in the effort and start. Then you go full out the whole ride there. What’s the worst-case scenario? You just go back to where you started and try again.

Anything less than 100% is unacceptable

If you don’t go full out, then expect mediocre results or none at all. You should be the definition of greatness. Don’t half- commit to yourself. If you don’t go full out, how can you expect others to give you 100%? Push yourself, and take the success you want. Take an example from SpaceX: individuals imagine the moon, but they’re aiming for Mars.  

Set your goals high

How can you expect to exit your comfort zone if you continually set goals you know you can achieve? Setting goals that are 100 percent accomplishable are not goals – they are called tasks. Make the end goal hard and set the bar extremely high, so that when you do win, it’s worthwhile. When you lose, guess what? You might not have reached your objective, but I assure you-you’ll be in a much better position than when you started. This is a great way to build confidence because it’s a win-win situation. You either reach your potential when you succeed, or you learn that you have it in you to try – and I mean, really try. Just that alone will make you consistently progress.

Now is a good time to get your priorities together. It can be a physical, mental, or financial goal, but let’s be serious for a moment; you haven’t hit all your milestones. Get motivated, let this post be the start to your end game.

Productivity Gets You places

Productivity Gets You places

Productivity Gets You places

It doesn’t matter who you are or what kind of work you do, every individual is looking for ways to be more productive. We live in the digital age of constant swipes, and it has become progressively harder to start a task than to actually accomplish it. If you’re allowing yourself to be distracted, what can you do to minimize these distractions? Constant distractions and misconceptions on how to be productive are creating resistance to complete your actual work. Being productive is a lot more than just checking things off your to-do list. In this blog post, I will focus on tips and habits to boost productivity in your workweek.

Get an early start

Mind over the mattress. Win the battle with your bed. This habit will strengthen your willpower and give you an edge to start your day right. Social media is another form of distraction in the morning. We all like to roll around in bed and scroll through Facebook, Instagram, Snapchat, etc. Before you know it, you wasted a significant amount of time doing nothing! This extra time could’ve been used to avoid tardiness and speeding tickets! One thing I do in my morning routine is giving myself two minutes to reflect on how grateful I am.

“When you realize there is nothing lacking, the whole world belongs to you.” -Lao Tzu

Cut your to-do list

What’s most important? What’s your number one goal right now? Design your to-do list around these questions. Your workday shouldn’t mean you’re trying to fit 20 things in your eight-hour workday. Remember, time is your most significant limited resource. Doing more doesn’t mean being more productive, it’s just being busy. Successful people know that, and they learn how to prioritize and set aside time for what’s most important to them.

Exercise

Working out isn’t just for looking superb in the summer. Exercise has many health benefits. It increases your brain function and decreases stress levels. It’s crucial to make working out habitual. When I was in nursing school, I made it my nightly routine. One day I had a stressful day, which caused me to have difficulty falling asleep. Instead, I crunched out a night workout and untwined from all the stress. You can make it part of your morning routine as well to help kick-start the day. If you can’t go to the gym, go outside for a walk. Remember, it’s about developing the habit.

Keeping your mind fresh

Work in intervals. What I found to work for me is to create mini-breaks during my hours of productivity. When I had to cram for exams, I’d put in 50 minutes of hard work and 10 minutes of free time. This may sound counterproductive, but it worked because, at the end of the day, it was about how productive I was not busy. You can create 90-minute intervals breaks in your life. Your body, just like the sleep cycle, has a rhythm between being stimulated and fatigued. Those are the physiological indicators of your body saying “Give me a break!” When I do busy work I notice my eyes are strained, so during my downtime, I put my palms over my eyes to reverse the fatigue. You’d be surprised how sharp your vision is after!

Peak Power

Believe it or not, every individual has a peak time during the day when they are most productive. Take a step back from your routine and identify the hour of the day when you have an energy surge. I perform best a few hours after my morning routine. I make sure I have a solid breakfast to prepare for the day, so when my peak performance hits, I dedicate my time to accomplish my tasks. For those of you who work nights, just like me, your peak performance can be in the evening after your “morning routine.”

Life isn’t Perfect

Take a deep breath. Sometimes things don’t go as planned. Be optimistic. It’s just a bad moment, not a bad day. Don’t let one dark cloud take away the sun. It’s no secret that we all make mistakes. Allowing one moment to get to you will ruin your mood. Being positive results in more productivity, keeping the sky sunny.

Stop multitasking

New research shows that multitasking is negatively rewiring our brain. Cognitive decline showed 15 IQ points drop and scores similar to someone that smoked marijuana and stayed up all night. Multi-tasking can be productive, but don’t do it for primary tasks that you are working on. Turn off your cell phone ringer, email notifications, and close your door. Develop your zone. Work smarter not harder. Be productive, not busy.

Break It Down

Some tasks can’t be completed in one day. Break down the massive project into small tasks to be more efficient. Slice and dice your tasks into bite-size pieces and finish them one at a time. Our body does the same when it comes to eating. Digestion starts at the mouth; we chew to break down large food into smaller pieces, making it easier to digest. Do the same! If you’re writing a research paper, don’t tackle it all at once. Create the outline, find your sources, and begin to type the paper.

Closing thought

Time is your greatest limited resource. How will you use your time?  If you want to accomplish something, you’ll find a way. If you don’t, you’ll find every excuse why you didn’t. Learn what matters so you can achieve it. Set realistic goals in your day-to-day routine. Develop habits to keep you going. Determining what’s irrelevant will pave the way for the right things to catch up to you. No matter how you are progressing, you are still in front of everyone who isn’t trying. Productivity gets you places.

How to be More Successful

How to be More Successful

How to Become More Successful

Put your mind where your heart is. Do something that comes naturally. You have to be mindful of what YOU enjoy, not what others do. Straying from the herd does not necessitate failure. There is no reason for an individual to not make a decent income by doing what they truly enjoy. So just do what you are passionate about.

Steps to take to be more successful

Acknowledge the game but don’t get discouraged

You have to know what you are doing and why. Success is a process and motivation is part of the picture. Many people will have the same ideas and goals, it’s your job to differentiate yourself from them. You don’t just become good, you become better, and then you become great. Competition is huge in every career category, add your own spark to open some eyes. It is a tough mental game and consistency is your best friend.

Learn when it’s time to move on

Being able to accomplish one goal and move on to the next is crucial. Trends change quickly, society can change their minds almost instantaneously. This way your mind is always focused on the next big thing. You have to learn what the market wants, it’s okay to switch from one idea to another. Always doing the same things over and over is boring, don’t fall into this trap of repetition, especially when it brings no benefit or happiness. You need to find when the cap has been reached so you can catch the next bigger and better wave.

Time management

The last thing you want is to be so focused on one subject that you let the others lag behind. Can you remember a time where you were stuck studying some random topic for hours then come to realize it’s already 3 am? Yet somehow you still don’t get it. You could have put that topic aside and learned all the others in that same time frame. Efficiency is a key aspect, you have to capture all ides and accomplish tasks in a timely manner. A good way to assess whether you’re being efficient is to look at the clock, tell yourself you’re giving this task 2 hours. When the 2 hours pass and you’re still not done then you need to change something, maybe put down the social media or move on to the next task. It’s understandable that you won’t enjoy everything you do in life, that is why good time management is so crucial in allowing you to do what you enjoy with most of your time.  You have to be mindful of time because time is a valuable and limited resource.

Don’t undervalue yourself

If you have a good idea set some time aside and really think about it. Is the idea relevant, purposeful, and achievable? Taking time aside will allow you to know the value of the idea instead of taking on blind faith. You don’t want to be careless and rush into things because of FOMO (fear of missing out) but you also don’t want to miss out on your potential. If you put in more time you will make good ideas even better. This will keep you focused because it is about you, the simple thought of personal progression keeps you motivated. Always be mindful of ways to change, progress, and improve.