mikethern

mikethern

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All Content by mikethern

  1. Retire by 30, thanks nursing!

    mikethern replied to ThePrestige's topic in General Nursing

    i wonder how enthusiastic you will be about nursing when you injure yourself on the job or catch a disease from a patient or get sued by a patient. although there are a lot of patients who are sick...

  2. Do most travel jobs require you to scrub?

    mikethern replied to Gottago's topic in Operating Room

    No, most are perfectly fine with you just circulating. Just make sure you tell them this during your phone interview. If you do know how to scrub, they will probably let you scrub

  3. Retire by 30, thanks nursing!

    mikethern replied to ThePrestige's topic in General Nursing

    You should be proud of yourself. Keep in mind that right NOW is the most important time in your life to earn as much money as possible. Build a big snowball. Then you can sit back like me and let...

  4. Retire by 30, thanks nursing!

    mikethern replied to ThePrestige's topic in General Nursing

    You have to do the math. Plan A: You invest $100 on your own for 30 years at 11% interest. You will end up with $2,671. Plan B: You invest $100 and you employer is nice enough to match it,...

  5. Retire by 30, thanks nursing!

    mikethern replied to ThePrestige's topic in General Nursing

    I agree totally. Kids are

  6. Retire by 30, thanks nursing!

    mikethern replied to ThePrestige's topic in General Nursing

    Here's a good article about the power of compounding....

  7. Retire by 30, thanks nursing!

    mikethern replied to ThePrestige's topic in General Nursing

    Yes, single with a great girlfriend. When we met 5 years ago, she had no savings. Now she has $85,000 at age 34 because I invested her money for her. Even if she stops adding more money to her...

  8. Retire by 30, thanks nursing!

    mikethern replied to ThePrestige's topic in General Nursing

    I will agree that retiring at age 35 is much more realistic goal than retiring at age 30. His life savings will more than double between age 30 and 35. The more money you have, the faster it grows....

  9. Retire by 30, thanks nursing!

    mikethern replied to ThePrestige's topic in General Nursing

    Oh geez. The reason Americans have work in their sixties is that Americans are notorious for not saving enough. Also, most Americans know nothing about stock investing. I am 38 years old, I work...

  10. Retire by 30, thanks nursing!

    mikethern replied to ThePrestige's topic in General Nursing

    That's good, but it doesn't matter how much your home is worth if you don't plan to sell

  11. Retire by 30, thanks nursing!

    mikethern replied to ThePrestige's topic in General Nursing

    It depends on your employer. Many employers offer totally crappy funds in which case you are better off opening your own Roth IRA. Just because an employer matches contributions doesn't mean you...

  12. Retire by 30, thanks nursing!

    mikethern replied to ThePrestige's topic in General Nursing

    You are assuming that your mutual funds will beat the average return of the stock market. In reality, 80% of actively managed mutual funds fail to beat the stock market. Which means you are paying...

  13. Retire by 30, thanks nursing!

    mikethern replied to ThePrestige's topic in General Nursing

    I don't need to trust the "market." I own 10 stocks and hold them for many years. I research these 10 stocks constantly. One of my most successful stocks was ISRG, which manufactures surgical...

  14. Retire by 30, thanks nursing!

    mikethern replied to ThePrestige's topic in General Nursing

    Nursing is the only way you can think of to spend

  15. Retire by 30, thanks nursing!

    mikethern replied to ThePrestige's topic in General Nursing

    That's why I don't invest in mutual funds. I buy individual stocks. I don't trust

  16. Retire by 30, thanks nursing!

    mikethern replied to ThePrestige's topic in General Nursing

    No you wouldn't. Knowing how to get 15% returns is useless if you don't have the willpower to save money instead of spending

  17. Retire by 30, thanks nursing!

    mikethern replied to ThePrestige's topic in General Nursing

    I graduated from nursing school in 1996 with $40,000 of debt. I paid off all my debt in 3 years including interest. If you think it's impossible for a new grad to save $1,000 a month, then you spend...

  18. Retire by 30, thanks nursing!

    mikethern replied to ThePrestige's topic in General Nursing

    Most 401K plans suck because they offer actively-managed mutual funds with high expense ratios. In other words, you are paying high fees to get crappy

  19. Retire by 30, thanks nursing!

    mikethern replied to ThePrestige's topic in General Nursing

    Here's a simpler wealth plan for all you cynics out there. A 21-year-old who saves $1,000 every month and gets a 15% annual return from premium stocks will be a millionaire by age

  20. Retire by 30, thanks nursing!

    mikethern replied to ThePrestige's topic in General Nursing

    You do not understand the power of compounding. If the OP works as much as possible, is as frugal as possible, and invests in premium stocks, he will be rich sooner than you can comprehend. The fact...

  21. Retire by 30, thanks nursing!

    mikethern replied to ThePrestige's topic in General Nursing

    I don't understand your point. Nobody is forcing the OP to do

  22. Retire by 30, thanks nursing!

    mikethern replied to ThePrestige's topic in General Nursing

    Not in Central California. Cost of living here in Fresno is low while nursing pay is high. Also, cost of living is not a factor if you get free housing as a travel

  23. Retire by 30, thanks nursing!

    mikethern replied to ThePrestige's topic in General Nursing

    Nothing personal, but why do people always assume that retired means doing nothing? Retired means doing whatever you WANT to do each day instead of what you HAVE to do. I can think of hundreds of...

  24. Retire by 30, thanks nursing!

    mikethern replied to ThePrestige's topic in General Nursing

    As much as nursing sucks, I don't think anything compares to being shot at. Also, there are easier nursing jobs than ICU nursing. I used to work night shift in the operating room. We worked an...

  25. Retire by 30, thanks nursing!

    mikethern replied to ThePrestige's topic in General Nursing

    Well, there is another option here. It could work for more than 9 years. 5 extra years of work would more than double his money. Instead of his goal being to retire in 9 years, his goal should be...