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EPISODE 152

Investing for Nurses With Savannah Arroyo

If you’re a nurse and looking for another stream of income to build wealth, learn tips on investing for nurses with our guest for today!

One of our Savvy Nurse writers and founder of the Networth Nurse, Savannah Arroyo, is here with us today to share with us some insights about investing for nurses. She built the Networth Nurse to 3 different pillars: personal finance, career growth, and real estate where she is helping nurses by sharing resources and tools to help them grow in nursing and grow their wealth.

About Savannah

She was in high school when she realized her love for nursing and by that time, knew that she is ready to go to college. Right after she graduated with a nursing degree, she worked with a couple of different specialties but she was naturally drawn towards a leadership position that was taking on processes and improvement. So, she ended up going back to school and got her Master’s Degree in Nursing Leadership and Administration, works in a couple of different specialties, and relocated to Los Angeles, California.

Her recent administration position is becoming an Assistant Nurse Manager. Then, at the beginning of 2020, she started investing in real estate. In October 2021, she was able to step down from her full-time RN job, and now she worked per diem in the pre-op department which she loves! She loves talking to doctors, she loves nursing, so she is not into giving it up entirely.

Why Real Estate?

In 2020, she got her 2nd daughter so she was on maternity leave and she and her husband thought that they have to make their money work for them to give their family a better future. They started researching so many things that will allow them to make this happen and so they stumbled upon real estate.

They started doing single-family homes and began to generate interest from friends and families who want to invest with them without knowing that time that the term for that is called syndication. Real estate syndication is where people are pulling together the resources, monies, and skills to find apartment complexes with multi-family real estate, and this offer provides way higher returns with lot lesser risks.

investing for nurses in real estate
Your starting point should always be education. Start with educating yourself about your current finances and how you can grow wealth.
savannah arroyo
Savannah Arroyo
Founder & CEO of Networth Nurse™

It is a great opportunity for nurses to get involved in real estate without doing a lot of work. Syndication is the best way for investing for nurses, doctors, and other health professionals who want to invest in real estate and want to get a lot of returns but they don’t want to do the work. It offers so many tax benefits, especially for health professionals. They only started in 2 single-family homes in Atlanta, Georgia and after they did that, they already decided to scale and turn it into a business and that’s when they launched the Networth Nurse.

Tips to Start Investing for Nurses and Beginners in Real Estate

If you want to invest in real estate but are not sure about the process, you really have to educate yourself. You have to learn how to run numbers and how to analyze deals. They also listened to podcasts, read books and watch YouTube videos where people share their strategies on how to analyze properties.

Some examples of great podcasts to listen to start investing for nurses:

BiggerPockets Podcast – it is one of the best podcasts for beginners in real estate. They have a ton of books as well. So if you really don’t know where to start and want to get motivated, try listening to podcasts and reading books because it is where people from all walks of life (and so can nurses) and different professional backgrounds share their strategies. It will teach you how to learn the language in real estate.

Skills that nurses already have that they can use in real estate:
  1. Organizational skills
  2. Time management
  3. Prioritization
Financial advice for nurses

Your starting point should always be education. Start with educating yourself about your current finances and how you can grow wealth.

Understand where you’re at in your journey, have a really good sight into your finances, and know what you can really do in the future and how you can use that now to build wealth through different investment strategies.

Follow Savannah on Instagram!

Like what you heard? Subscribe to the Savvy Scribe Podcast on your favorite podcast app, Apple, GooglePlay, Spotify, or simply the website.

If you’re ready to start exploring if freelance writing is your next PRN job, or even full time, I invite you to my free training 

4 Misconceptions About Freelance Writing Businesses Nurses Need To Know

Get INSTANT access to my FREE 60 minute training to bust these 4 myths about starting a freelance health writing business

Also, check out the Savvy Nurse Writer Community on Facebook and the Plan Produce Profit Course + Membership to help you get started today!

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