We're on FIRE

Heyyyyy!!! My name is Naseema McElroy and I am a Labor and Delivery Nurse on the path to financial freedom. After being tired of making too much money to be broke I set out on a path to turn my finances around and went on to pay off nearly a million dollars in debt in under three years.

I started Financially Intentional in 2016 to track my progress in paying off my massive debt. It has now grown into a platform where I help people like you change your relationship with money and make money work for you so that you can live your best life.

I'm excited to be launching this podcast "Nurses on Fire" as it merges my two passions: Nursing and Personal Finance. I want to bring to you nurses that are doing big things with money and business to let you know what's possible for you.

TRANSCRIPT:

Naseema McElroy: 00:22 Welcome, welcome to Nurses on Fire. Once again, I'm Naseema. I started documenting my debt payoff journey on my platform Financially Intentional in 2016. Since then, I have gone to pay off nearly a million dollars in debt and have shared my story on several media outlets. In 2017, after paying off my debt, I was looking for what was next. I was a Dave Ramsey alum, but no longer felt aligned with the baby steps. Thanks to my girl, Jamila Souffrant of Journey to Launch, I was introduced to the FIRE movement. The FIRE movement or Financially Independent, Retire Early is defined by Wikipedia as a lifestyle movement whose goal is financial independence and retiring early. Duh! [Laughs].

Naseema McElroy: 01:10 Those seeking to attain fire intentionally maximize their savings rate by finding ways to increase income or decrease expenses. The objective is to accumulate assets until the resulting passive income provides enough money for living expenses and perpetuity. Many proponents of the fire movement suggest the 4% rule as a guide, thus setting a goal of at least 25 times their estimated annual living expenses. Once reaching financial independence, paid work becomes optional. Allowing for retirement from traditional work decades earlier than the standard retirement age. So, I've been a nurse for over a decade and love what I do. I also have become super passionate about personal finance. So, this podcast is my attempt to marry the two. Along my personal journey to financial independence, I've come across some phenomenal nurses crushing the finance game. I want to highlight these nurses and expose them to the nursing world at large so that you all can know what's possible.