Ok check this out, i have a plan to retire by the age of 30:
I'm 21 yrs old and about to graduate a ADN program
i will spend 1 year gaining experience in the ICU, then i will spend the next 8 years as a per-diem or traveling nurse, working no less then 60 hrs a week, 11 months a year.
so heres the math:
40hrs X $43hr = $6880 month
20hrs X $65 hr = $5200 month
total (net income) $8100 month
$2500 month living expenses so $5600 month to invest
Starting with $5,000 and depositing $5,600 monthly over 8 years (at a rate of return 12%, compounded monthly and taxed at your marginal rate of 28%), you will save $769,593.Initial balance:$5,000Total deposits:$537,600Total interest earned:$315,268Total taxes paid:$88,275Total Saved: $769,593
Now i understand that 769K will be different due to inflation 8 yrs from now, so we will say 669k so at 10% a year $66,000 a year!
Now for 8yrs i will work my ass off and be traveling and have little social life, but at age 30 i will never have to work again, and i will probably never want to in nursing cause i will be burnt out, but i think it would be worth it, what do you think?
Can't say I would like an overworked surgeon operating on me either. I have been in the OR and surgery is violent and rough on a good day, let alone last case on a Friday night.
Is there such thing as a surgeon who is not overworked?
I couldn't imagine working double+ that and being reponsible for the management of 3-6 pts (depending on the acuity of the floor) and all the little details involved with patient care.
Some nurses tolerate stress better than you and I do.
This career is not an avenue for fast cash and early retirement.
I find the idea selfish and foolish.
Then you should ask your employer for a pay cut. How inappropriate that they pay you well.
By the way, most careers are an avenue for early retirement. You just have to spend less than you earn.
What if you die at 23? or you got pregnant at 24? Things will change over 10 years of time. I was single when I was 30 and I am a mom for two little kids at 39. You can never never really plan out things that way.
My suggestion is enjoy your life. Nursing is not a easy job. When I was in nursing school, I thought everything will get better once I graduated. After I graduated, I've found out that everything is not what i expected to be. I have a lot of disappointment in the floor nursing. Now I only work for ambulatory service and I think I like my job a little more than before.
Good luck with whatever you are going to achieve. Good thinking but it is definitely hard to do.
Specializes in Acute Care Cardiac, Education, Prof Practice.
Is there such thing as a surgeon who is not overworked?
Somewhere out there I hope there are surgeons who know thier limitations and schedule themselves as close to appropriate in hours and cases as they can. I do understand that there are busy weeks when it can't be avoided, but a nurse, INTENTIONALLY over scheduling herself in the persuit of money and then to abandon the career in less than 10 years is a different case.
Some nurses tolerate stress better than you and I do.
I am wiped after three days because I put every absolute ounce of myself into my work, and I do it well, safely and with passion.
Then you should ask your employer for a pay cut. How inappropriate that they pay you well.
At $21.07/hour I am currently making (+$3.50 night differential) I am not sure they can legally dropped my wage or I would most likely be below the cost of living for Atlanta. I suppose if I need to work on my retirement plan I should pick up an extra waitressing job for nights off, I made $25,000 in my best year at that. Eh?
By the way, most careers are an avenue for early retirement. You just have to spend less than you earn.
I understand the concept of early retirement, and I feel that 401K and wise investment is the route to go, not sacrificng patient safety, but I have stated this many times in this post already.
Somewhere out there I hope there are surgeons who know thier limitations and schedule themselves as close to appropriate in hours and cases as they can. I do understand that there are busy weeks when it can't be avoided, but a nurse, INTENTIONALLY over scheduling herself in the persuit of money and then to abandon the career in less than 10 years is a different case.
Anyone who decides to become a surgeon is INTENTIONALLY over scheduling herself. No one is forced to become a surgeon. They are volunteering to become workaholics.
"Many physicians and surgeons work long, irregular hours. Almost one-third of physicians worked 60 hours or more a week in 2002. Physicians and surgeons must travel frequently between office and hospital to care for their patients."
At $21.07/hour I am currently making (+$3.50 night differential) I am not sure they can legally dropped my wage or I would most likely be below the cost of living for Atlanta. I suppose if I need to work on my retirement plan I should pick up an extra waitressing job for nights off, I made $25,000 in my best year at that. Eh?
No wonder you are so grumpy.
I understand the concept of early retirement, and I feel that 401K and wise investment is the route to go, not sacrificng patient safety, but I have stated this many times in this post already.
And as I have stated in this thread many times, you don't have to work more than 40 hours a week in order to retire early.
I'm just curious why you seem to think that physicians can handle long hours, but nurses can't.
At $21.07/hour I am currently making (+$3.50 night differential) I am not sure they can legally dropped my wage or I would most likely be below the cost of living for Atlanta. I suppose if I need to work on my retirement plan I should pick up an extra waitressing job for nights off, I made $25,000 in my best year at that.
OMG, are you a RN? LPNs here wouldn't work for that. What a shame I would have figured that Atlanta was a more progressive area. My best year waitressing was $45,000 and that was more years back than I care to remember, lol.
Specializes in Acute Care Cardiac, Education, Prof Practice.
LOL ok this thread has churned my stomach for about an hour now.
I don't care about the surgeons. I am a nurse, I care for other nurses, I care for my patients, I love my profession and I want to work with others who love it as well.
I a completely satisfied with my salary. In less than year I will recieve an 8% raise as I move to level II staff nurse. I will be moving to that position not for the raise, but for the fact that it means I am doing my part to be involved with the hospital, its policies, maintenance and progression. I am fortunate to have a fiancee with a professional degree as well and am more than comfortable. I work because I love the work, not the pay. This is why threads like this, and many threads on the forums here frustrate me.
I love my job, but I can understand why others find themselves hating it. I have been extremely fortunate in my jobs and have always found my working environment to be favorable, and for this I am very thankful.
I guess my perspective is just the minority and I need to incorporate that into my perspective when I read posts by others.
OMG, are you a RN? LPNs here wouldn't work for that. What a shame I would have figured that Atlanta was a more progressive area. My best year waitressing was $45,000 and that was more years back than I care to remember, lol.
I'm an RN making $18/hr. Crummy pay but good job for me now because it is so convenient.
I thought around $21 an hour starting as an RN was the norm?? Am I wrong?
What general area are you in?
Not here, thank goodness. I'm in the Balto./DC area and LPNs start in the low to mid 20s with benefits and around $28 for per diem work.
I have a cople of RN friends who have disclosed their salary and keep in mind that they have 10-15 years experience but they are making between $38 and $45.
mikethern
358 Posts
Is there such thing as a surgeon who is not overworked?
Some nurses tolerate stress better than you and I do.
Then you should ask your employer for a pay cut. How inappropriate that they pay you well.
By the way, most careers are an avenue for early retirement. You just have to spend less than you earn.