EP. 198 Guide to Personal Finance With Anthony Swain

EP. 198 Guide to Personal Finance With Anthony Swain

Guide to Personal Finance With Anthony Swain

Personal finance must be your top priority. The nursing profession is indeed a lucrative job. It has its perks and advantages, mainly if you choose to be a nurse in a specific field like travel nursing. If you’re a student nurse right now, you’re probably thinking, “I want to be a nurse because it pays well, ” While this is true, this should not be your end goal. Just because the job pays well, that’s all you’ll ever chase. Being a nurse is more than just the dollar sign; being a travel nurse requires time and dedication. And if you want to do both and get the paycheck you deserve, you must also learn how to build a solid financial foundation.

Remember, you will not be a nurse forever, and learning to manage your finances as early as now will help set your future. What can you do about it? And what are the benefits of having a solid financial foundation?

In this episode, we would like to introduce you to Anthony Swain. Anthony has been an RN since 2014 and works as a travel nurse and Nurse Finance Coach. He recently released his new e-book, The Travel Nurses’ Guide to Personal Finance. The goal of his book is to help nurses & other healthcare professionals develop a solid personal financial foundation so that they can be empowered by money rather than be hindered by it. His mission is to help others reach financial independence. 

QUESTIONS FOR OUR GUEST

The questions below are some we’d like to tackle. We often go off-topic, so we don’t expect to hit them all. If you have any ideas, please let us know.

Looking forward to our conversation!

These are the questions you had in Calendly. We’ll go off your questions and wherever else our conversation goes.

  1. Can you please give us a little background about yourself?
  2. Before we dive into some financial tips, what was your favorite unit to work on?
    1. What was it like working with liver and kidney transplants? What did the day-to-day look like?
    2. When it comes to liver and kidney transplants, what are some protocols you follow or things you pay attention to? 
  3. When you started travel nursing, what really surprised you? Were you surprised by how little focus is placed on investing and saving for your future?
  4. Is working overtime worth it? Doesn’t a lot of it get eaten away by taxes?
  5. What are the most critical systems to put in play when travel nursing? 
    1. Where should people start to put their money?
  6. In your book, you mention asset and investment allocation; what are they, and are they different?

ENDING QUESTIONS

Before we end the show, we have one last question we like to ask all our guests.

If you had the opportunity to have a Cup of coffee with anybody one last time, who would it be & why? 

Connect with Anthony through his Instagram at @financially fit.rn Or check out his book titled The Travel Nurses’ Guide to Personal Finance

SPECIAL CODE: CupofNurses25 for 25% off for the entire week of the podcast episode 

Want to learn more about managing your personal finances? Click here for the full video 👇👇👇

TIMESTAMPS:

00:00 Introduction
01:44 About Anthony Swain
03:37 Travel nurse financial lesson
04:48 Financial tips for new grad nurses
10:02 Possible modifications to make student loan repayment easier
14:25 Financial advice for nursing staff who want to do travel nursing
17:16 What to do with the money you’ve saved?
18:32 The journey of writing a book
20:31 What’s inside the book
21:50 How to begin building financial stability
24:54 How to track your finances
30:35 What to do with your extra money
33:36 Can a nurse retire early?
36:45 Difference between Asset allocation and Investment allocation
38:01 Where are Anthony’s Investment
40:57 Difference between an Index Fund and a Stock
45:38 Universal Life Insurance vs. Term Life Insurance Policy
50:12 Wrapping up the show