It's strange power the word "money" has, especially in this field since we are viewed as "angels", therefore expected to be paid as little as possible and still love the job for only the sake of helping others...
well, quite frankly, I joined this field for financial reason($), and I have no problem standing by that claim when anybody asks me, but I am single without kids, so have to pay almost 30% of income, and I know people out there make money so spanking easily. So has any of you figured out or heard of some tips to make some extra money? I know this nurse who used to do travel nursing + prn homehealth on the side and made almost $100,000/year.
Sure helping people is great, but I want to make more than what I do now, more than 12hr x3/week then guzzling 30% into taxes... (more shift I do, more goes to taxes anyways!) some people are just good at these kinds of things, so if you have some ideas, slam it on the table for us!
There are two things people will do in life: pay taxes and die. The government will get its money one way, especially if the taxpayer is young and single.
I have 2 kids and a non-working spouse, and my tax rate from my last check was about 28%. (Worked lots of OT) So it doesn't get too much better after you get married and pop out some offspring!
On a side note, it's a good thing I got that OT because here I am now on my third consecutive night of low census downsizing! Ahhh, feast or famine.
so PRN on the side or OT, it ends up being same income because they all balance out in the end? well, I might still try for some PRN because floor jobs are exhausting. I did think about hospice too, but don't know if much places offer managerial positions/office-like job like kalevra mentioned.
by the way, my friend did say the same thing about everyone paying taxes and dying in life... haha somehow that stuck to my head strong. and well... don't have much interest in getting married or having kids yet, but wooping 28% even with little ones is pretty depressing... I should money launder or something, and end up in jail... and get free room and food and eat away your taxes muhahahaha... just kidding
If your workplace has good night and weekend differentials, take advantage of them. Weekends pay an extra $10 per hour where I work. Add in the extra money you make on evening and night shift and you have same work/more money.
I've noticed that folks that work constantly and rake in loads of OT, or work a side job, also spend like crazy. They also end up getting sick more often
My advise is to work only occasional OT. Live a frugal lifestyle. Follow my mother's wisdom "A penny saved is a penny earned". Lead a balanced, healthy lifestyle. Spend time with friends and family doing simple, healthy activities.
Specializes in Ortho/Uro/Peds/Research/PH/Insur/Travel.
I'd work OT on my home unit or at my home facility. The devil you know... Night OT can REALLY add up. My goal is to work smart...and less. I'd rather work more in a concentrated period and then be able to take time off. Then again, I'm a travel RN. I found affordable health insurance and I do the work that I love...global health...when I'm not working. Good luck!
Take advantage of your employers 401K matching... it's free money. I don't understand why any doesn't start their retirement fund. It's never too early to start thinking about it.
The first time I broke 100k was by working a fulltime Mon-Fri job, a 7 day a week evening PRN job, and a weekend PRN job. Made around $135k annual gross depending on how much I worked.
Now I work for a manufacturer as a clinical educator for $105k salary plus a PRN job where I gross about $30-35k annual.
Specialize, earn multiple specialty certifications, go to every conference, network and be willing to be extremely flexible. Take the opportunities presented to you when they present themselves.
The first time I broke 100k was by working a fulltime Mon-Fri job, a 7 day a week evening PRN job, and a weekend PRN job. Made around $135k annual gross depending on how much I worked.
Now I work for a manufacturer as a clinical educator for $105k salary plus a PRN job where I gross about $30-35k annual.
Specialize, earn multiple specialty certifications, go to every conference, network and be willing to be extremely flexible. Take the opportunities presented to you when they present themselves.
Dunno what board you've been reading, but we discuss financial concerns - including compensation - quite often.
So has any of you figured out or heard of some tips to make some extra money?
Yeah. Work more. Double shifts, that kind of thing.
Also, don't buy into the neoconservative myth that all your extra income goes to taxes. Here are the federal tax brackets (on taxable income after deductions) for 2014:
Up to $9,075: 10%
$9,075 to $36,900: 15%
$36,900 to $89,350: 25%
$89,350 to $186,350: 28%
Remember, as you go up through tax brackets, you don't get taxed at a higher percentage for all your income, only on the higher amounts.
Now, rich conservatives don't want to pay any taxes, but they also are outnumbered so they have to lie to lower income people to convince them that working isn't worth it.
And because so many Americans are bad at math, they buy the hogwash hook, line, and sinker.
ThePrincessBride, MSN, RN, NP
1 Article; 2,594 Posts
There are two things people will do in life: pay taxes and die. The government will get its money one way, especially if the taxpayer is young and single.