Episode 395: How This Nurse Earns $230K Salary While Balancing Motherhood & Entrepreneurship

Journey To Launch

Jamila Souffrant

Finances, Business, Realestateinvesting, Entrepreneurship, Earlyretirement, Investing, Budgeting, Wealth

5 • 1.7K Ratings

🗓️ 9 October 2024

⏱️ 56 minutes

🔗️ Recording | iTunes | RSS

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Summary

This week on the Journey to Launch Podcast, I’m joined by Naseema McElroy, a nurse, financial expert, and founder of Financially Intentional. Naseema, who has been a guest before, previously shared her inspiring journey from single motherhood to paying off $300,000 in debt, ultimately eliminating $1 million in total debt, and achieving millionaire status while working as a nurse. In this episode, she talks about earning over $230,000 a year as a labor and delivery nurse in the San Francisco Bay Area. Naseema also dives into financial independence, mindset shifts, and how she balances her career, business, and personal life. Tune in to hear her perspective on how financial independence isn’t just about wealth—it’s about the freedom to live life on your own terms.

In this episode, you’ll learn:

Naseema's strategy of paying herself first and avoiding lifestyle inflation.
Balancing her passion for nursing with running a business and raising three children.
About the income potential in the nursing profession and advice for aspiring nurses
Why you should set up financial accounts for children, including 529 plans, Roth IRAs, and brokerage accounts, and how to instill financial literacy and wealth-building habits from an early age.
And more!

Transcript

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0:00.0	I like nice things. I have a nice car. I have a nice house. But what I prioritize is making sure that I invest first. I pay myself first. And like I work with tons of nurses that make more money than me
0:16.2	and are still struggling financially and that's because they just haven't had that
0:19.9	mindset shift of pay yourself first. Make sure that you are investing first before you do these things.
0:27.0	T minus 10 seconds.
0:29.0	Welcome to the Journey to Launch Podcast with your host,
0:32.8	Jamila Sufrant as a money expert who walks her talk.
0:36.7	She helps brave journeyers like you,
0:39.0	get out of debt, save, invest, and build real well.
0:43.8	Join her on the journey to launch to financial freedom in five, four,
0:49.2	three, two, one. 3.2.1.
0:56.0	If you want the episode show notes for this episode, go to Journey to Launch.
1:01.0	Or click the description of wherever you're listening to this
1:04.3	episode in the show notes you'll get the transcribed version of the conversation
1:09.2	the links that we mentioned and so much more. Also, whether you are an OG journeyer or brand new to the podcast, I've created a free jump start
1:18.3	guide to help you on your financial freedom journey.
1:21.9	It includes the top episodes to listen to, stages to go through your dot com slash jumpstart to get your guide right now.
1:34.0	Okay, let's hop into the episode.
1:37.8	Hey, hey, journeyers.
1:39.3	Welcome to the Journey to Launch Podcast.
1:41.7	I'm so excited because I have a special special
1:44.3	guests and I know I say all my guests are special but she's truly special because if
1:49.5	you're an O.G. journeyer she's been here since the beginning. She was on two solo episodes of the
	...

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