The Travel Nurse Wealth Show Wesh Financial

Travel nursing has been around forever. It’s been a way of life for many nurses who simply didn’t want to be tied down to one hospital system forever.

But for nurses just getting into the game in the wake of the Covid pandemic, shocks with the fluctuation of pay sent as many back to staff nursing as came for travel.

Oftentimes those nurses were barely any better off financially then when they began to travel. They still have debt, still have little investments or retirement savings and more often than not a brand spanking new car payment that their staff nurse salary can’t support.

So what's the issue at hand here?

The issue is that those travel nurses didn’t leverage the 5 shifts that our clients do everyday.



Read along on my blog: https://www.weshfinancial.com/blog

FOLLOW THE TRAVEL NURSE FINANCIAL ADVISOR:

Instagram: https://www.instagram.com/thetravelnurseadvisor/

Facebook: https://www.facebook.com/groups/travelfinance

Twitter: https://twitter.com/tvlnurseadvisor

You never know when life is going to hit you with a curve ball that throws you off track. Especially when you’re on the journey of building your wealth, these curveballs can quickly set you back to square one. 😔

It’s awful, it’s discouraging, but it happens to so many of us.

I always start my financial planning process with making sure my clients are doing whatever they can to mitigate the risk of losing all that they’re trying to build.

Read along on my blog: https://www.weshfinancial.com/blog

FOLLOW THE TRAVEL NURSE FINANCIAL ADVISOR:

Instagram: https://www.instagram.com/thetravelnurseadvisor/

Facebook: https://www.facebook.com/groups/travelfinance

Twitter: https://twitter.com/tvlnurseadvisor

I know when you’re working contract to contract, you’re usually on your own when it comes to investing for retirement.

Don’t worry! You don’t need to rely on your employer-sponsored plan in order to save for retirement. This blog post breaks down your options and each of their limitations.

Read along on my blog: https://www.weshfinancial.com/blog

FOLLOW THE TRAVEL NURSE FINANCIAL ADVISOR:

Instagram: https://www.instagram.com/thetravelnurseadvisor/

Facebook: https://www.facebook.com/groups/travelfinance

Twitter: https://twitter.com/tvlnurseadvisor

When you’re less than 10 years from the start of your career, it can be hard to think about how much to save or what you should be saving for. 🤔  No worries, you’re not alone, I hear this all the time. But, there’s no simple solution because like all good financial advice, it depends on your specific situation.

Read along on my blog: https://www.weshfinancial.com/blog

FOLLOW THE TRAVEL NURSE FINANCIAL ADVISOR:

Instagram: https://www.instagram.com/thetravelnurseadvisor/

Facebook: https://www.facebook.com/groups/travelfinance

Twitter: https://twitter.com/tvlnurseadvisor

One of the major topics I keep seeing around the Travel Nurse community is the confusion around tax homes. I know we’re all about that tax-free stipend, but in order for your stipend to remain tax-free, you need to have an established tax home, and you’ve got to be able to duplicate your expenses.

If you’re wondering if your home qualifies as an established tax-home, I got you covered! 😅⁠



Read along on my blog: https://www.weshfinancial.com/blog

FOLLOW THE TRAVEL NURSE WEALTH ADVISOR:

Instagram: https://www.instagram.com/thetravelnurseadvisor/

Facebook: https://www.facebook.com/groups/travelfinance

Twitter: https://twitter.com/tvlnurseadvisor

In our latest episode of the Travel Nurse Wealth Show, we discussed the dangers of bad tax advice.

You can get tax advice from anyone these days, but it’s up to you to make sure that the advice you’re following won’t get you audited by the IRS. 👎

The IRS negligence penalty is 20% of the amount you underpaid on your taxes and along with fees and paying back whatever you misreported - it can really screw you over come tax season.

Staying one step ahead of it will save you money in the long run. 💰



Read along on my blog: https://www.weshfinancial.com/blog

FOLLOW THE TRAVEL NURSE WEALTH ADVISOR:

Instagram: https://www.instagram.com/thetravelnurseadvisor/

Facebook: https://www.facebook.com/groups/travelfinance

Twitter: https://twitter.com/tvlnurseadvisor