Breaking Free from the Nursing Hierarchy: Empowering Nurses to Take Control with Tyrin Tyson

Send us Fan MailWelcome back to the Investing RN Podcast. This week we are joined with Tyrin Tyson, or better known as @TheUrbanNurse to share his unique journey from the nursing industry to becoming a real estate investor and financial planner. Tyrin walks us through the hurdles he leaped over in his nursing days and how he cleverly used the extra cash from his travel nursing gigs during the pandemic to dive into the property market. He's big on having that solid financial groundwork and believes in the power of knowing the ins and outs of finance and property to really make a mark in investing.To all healthcare professionals: Tyrin's got some golden nuggets of wisdom for you. Keep your eyes open and soak up everything happening around you to make it through the maze of the healthcare world. Before you go chasing after more certifications or climbing the career ladder, make sure you've got a strong base to stand on.Tyrin not only shares his wins, he openly discusses a few bumps along the way —like the time he bought two properties in one go. He's learned his lesson on taking it slow and making sure you've got all the facts before laying down the cash.No matter if you're new to investing or you've been around the block, this episode's got something for everyone. So, buckle up and get ready for insights that'll help steer your own investing adventures!🔑Key Takeaways:Build a strong foundation as a nurse before pursuing additional certifications or positions.Set small financial goals as a new nurse, such as saving a certain amount of money.Avoid lifestyle creep and make wise financial decisions to set a solid foundation for future investments.⏱️TimeStamps[0:00] Introduction [2:43] Nursing career journey and struggles[6:13] Transition into real estate investing[7:50]Challenges and pitfalls of real estate investing[8:03] Nursing experience in various departments[12:23] The shift in healthcare focus.[17:54] Initial goal of owning 100 rental properties.[19:46] Property management.[21:38] Desire to move towards larger real estate investments.[23:00] Human beings always seek comfort in life.[23:38] Discussion about government assistance programs for tenants.[31:30] Balancing nursing, business, rentals, and personal aspirations.[33:00] Golf discussion and connection with the hosts.[36:27] Financial planning is important for successful real estate investing.[41:03] Healthcare professionals focus on work and neglect finances.[46:27] Differences between financial planners and advisors[47:36] Fee-only financial planning and subscription-based fees[48:10] Integrating real estate investments with market portfolios[51:22] Starting a financial planning business from scratch[52:46] Challenges and lessons learned as a business owner[54:59] Advice to new grads: Observe and trust no one[56:38] Trust the process and journey of becoming a nurse[1:01:38] Avoid lifestyle creep and set financial goals.Connect with Tyrin on Instagram Here Or On LinkedInBe sure to follow us on instagram Be sure to follow us on instagram hereSubscribe to our YouTube channel here Click the link, share your contact details, and we'll help you get started on your investment journey. Start now!