If you took $100 and invested it in the S&P 500 fund, you would have $114 dollars as of today.
There are many nurses out there that do not know what the S&P 500 is. It is not even their fault. When would a nurse have learned about the stock market, and/or investing from birth until graduation?
High school?
College?
Friends/Family?
The information is out there, and readily accessible. The problem is, it is not integrated into mainstream education enough. Especially for medical professionals.
We meet clients all the time with money sitting in checking, savings, or cash, earning close to nothing.
Often times, people want to use it but have no idea where to start putting it to work.
The stock market is something that every nurse should have equal opportunity to invest in. With Robinhood, Schwab, Fidelity, Vanguard, WeBull, Betterment, etc. etc. There is no reason an individual investor is not getting exposure to the markets.
Believe it or not, the stock market, and how much exposure you have to it, will make or break you meeting your retirement goals.
A young nurse making between $80,000 to $100,000 a year, saving 4-6% of their income inside a 401k or 403b, should not be keeping it in cash and/or bonds
Nurses need to understand how they are invested in their total portfolio.
Retirement, cash, brokerage, real estate, crypto, business ownership, and any other valuable item should be factored into total picture of one’s portfolio.
Can nurses earn and save their way to financial freedom?
Absolsutely!
BUT, it is much harder if what they earn on their savings, is not outpacing inflation.
Stay invested, and if you are not, start.
