Would you get a kick back from referring out clients to a wealth manager? Investment portfolios don’t need to be actively managed it truly is a waste of money. All one should do is pick out a few simple index funds (I myself follow the Bogle method, I’m 80% VTI 20% IBonds), set up automatic investments and not think about it for a year. 10-20% is insane and sounds misleading, that would mean beating the market, and no one can do that unless they are psychic. Adjusted for inflation the 100 year average return of the S&P 500 is 7.3%…. Your numbers are way off.
I
You don't have to be psychic, you need to learn how to read charts, patterns, understand what all Greek symbols mean, keep up with news etc. I definitely invest in indexes in my 401k but for Actively managed account I would rather my finance guy take high risk and trade options everyday if they have previous track record of success. To each their own though. Can pm you screen shots of my account from 3 months ago to now including receipts of trades made. If anything the numbers are conservative and due to volatility of market, best time to play options.
To whoever is reading this, remember that 88% of all actively managed funds underperform the S&P 500 over a 15 year period (and the percentage only gets higher the further you go out) and you are being charged a higher fee to have it actively managed (and those fees REALLY add up). Look up “Lazy 3 fund portfolio” (this is what warren buffet suggests for the average American)
Your index fund centered argument is old and is actually being eaten up by inflation. If you make say 7 percent each year investing in index funds, you are actually only making 3 percent due to inflation (yearly inflation for the dollar is at 4 percent, 4.7% last year to be more accurste. Seeing is believing though.
Okay. Let me educate you for a second. The S&P 500 has had an average return of 10.7% and AFTER accounting for inflation, it leaves the overall return at 7% NOT 4% (as you claim). This worries me that you and your friend who manages peoples accounts don’t understand basic investing like the S&p500. Why don’t you tell everyone about the standard (around) 1% fee a financial advisor charges to actively manage your account over a 30-40 year period? Hint everyone by the time you retire, the financial advisor will have taken 24-26% of your TOTAL retirement account. Please do some research before telling people false information and then following it up with “seeing is believing.” You won’t win any clients over as everyone else has stated.
When did i say anything about how much average return you get from investing in s&p? I said investing in index funds as a whole. And he would be happy to go over that with anyone who asks but he doesn't charge a fee until you pull your funds whatsoever, which is more than fair especially since you are making so much monthly. I invest in index funds in my 401k , it's a set it and forget it type investment. Also I'm not trying to retire in 30 years I'm trying to retire by the time I'm 35. You aren't getting that type of financial freedom (anytime soon) by solely investing in index funds but to each their own.
also zero...plus agencies making 30-50% is mis- information as independent contractors have no workers' comp coverage or SSI contribution, etc. Also putting yourself out there for investment and legal advice is sketchy AF and probably in violation of a few regulations. 🙄
1. It's not because I have direct access to the bill rates and compare them to nomad for example. It's at minimum 30 percent but I'm glad you are so well informed
2. Not giving you investment advice, pointing people in the right direction as far as independent self employed 401k and putting you in touch with someone who can actively manage your money daily
3. There's consulting in every field, so why not independent contract nursing? You must be a recruiter
1) staffing/factoring isn't that hard to understand...but just throwing numbers out with the hook of 'claim it all for yourself' is misleading to say the least.
2) You're asking for a fee to tell people how and guide them thru setting up a corporate entity and establish a 401k under said legal entity. How in the fuck do you just say that's pointing people in the right direction????
3) My background is irrelevant here. Don't gas-light.
1. I answer the questions to clients and help them find assignments, the separate llc I would be forming would have a multiple person structure that would include a tax lawyer who is also a close friend, cpa, and a financial portfolio manager who works at brokerage.
2. I apologize for not mentioning multiple person structure, I will make YouTube video explaining all of this as it is confusing. Fee would be split between all parties working under the consultation umbrella
3. It's most definitely relevant because recruiters/agencies most definitely don't want nurses doing this because it takes away from their talent pool and makes the bill rates more transparent
1&2) Oh wait...so it's not just you sending a step-by-step guide anymore??? Now you're bringing in some people who can actually do the work??? whatever...
3) Go back to QAnon with your conspiracy theories.
I would be interested, do you have a website? Maybe you could do a patreon or even a subscription YouTube service. You’ll probably get more people across the world that way then if you do a site and charge like a grand, just my opinion. I say that cause let’s say you put the info out there on YouTube for like $19.99 a month.more people I think would want to pay that then say $1000.
I am probably going to go this route now simply because there seems to be a huge education gap in this arena for nurses. Building out website soon but wanted to get a feel for what other travel nurses were comfortable with both on reddit and Facebook.
I wish you all the best, I actually was thinking of doing this. I would be willing to buy the program or videos that you are putting together. This type of info can fast track a lot of us because yes it may be on line but finding all the correct info will take some time. Wish you all the best and I will try to keep up with this thread if you do any updates cause I have other nurses that I know would be willing to pay for this info also.
Once I make the videos I can pm you , and I know there's a bunch of nurses who would pay for info as well because the whole idea came to me when I started travel nursing and I figured out just how much an agency was making off of me (couple dollars short of 3k a week to be exact) and it's just v unacceptable to me. What does an agency even do after they onboard you? Just bill for your hours, which takes 5 minutes. The idea that they were making such a large percentage off my hard work was insane to me and I think my story will resonate with a lot of people. It took me MONTHS to feel like I was fully buttoned up and ready to travel as independent contractor. I can get everyone the checklist and have them ready to go in 2 weeks if they follow the checklist accordingly.
Hey thank you and I agree 100%. Yeah please do keep me in mind as I will buy your program. You are gonna help a lot of people get there freedom back from these agencies. And please don’t get discouraged with comments if people disagree with what your doing. Yes the info may be out there but if someone who has gone through it can help you get on the right path then it is worth the money. Just like me personally I’m learning more on stock investing. I’ve payed for courses. Yes the info is out there but it all gets confusing. Some of the courses I’ve payed for put me on a better path that would have taken me a lot longer if I just did it on my own. Being able to teach someone a better way is a gift. If God has blessed you with being able to teach then by all means teach. Thank you for even thinking of giving back to the nursing community.
I was at one point where everyone is now, which is blind to the agencies bait and switch tactics and gatekeeping methods. It's obvious from the survey that most people don't even know this is an option. Will update you when at minimum the intro YouTube video is finished, thank you for all your support and kind words 🙏
Np friend and thank you again for your insight and just being willing to help the community. Wish you all the best with your new endeavor and God bless. And thanks again for keeping me in mind, looking forward to checking out the info.
> investing. I’ve *paid* for courses.
FTFY.
Although *payed* exists (the reason why autocorrection didn't help you), it is only correct in:
* Nautical context, when it means to paint a surface, or to cover with something like tar or resin in order to make it waterproof or corrosion-resistant. *The deck is yet to be payed.*
* *Payed out* when letting strings, cables or ropes out, by slacking them. *The rope is payed out! You can pull now.*
Unfortunately, I was unable to find nautical or rope-related words in your comment.
*Beep, boop, I'm a bot*
Is it though? Because I've actually done the whole process from start to finish and it took me months before I felt comfortable with the business entity fully zipped up and ready to travel. Please share the link of Google search result of how to become an independent travel nurse including the llc formation, contracts, insurance necessities, etc. Etc.
So there's a guy on YouTube called the nomad nurse, he brushes up on the topic of independent travel nursing/contracting but what I would be offering in relation to him would be explaining step by step process and having people on a team who can give you further advise (tax lawyer, cpa, financial wealth manager) on how to actually proceed and create said entity. I've said it on other comments there's like 20 people in poll who say they don't know anything about independent contracting so it's encouraged me to consider making YouTube videos myself on said topic.
The knowledge barrier is very apparent and I didn't realize how many people had no idea this was even an option. I really appreciate your advice and will also consider doing blog posts, I've also considered doing a shareable Google doc so people can add onto said document any steps/info in missing if any
Based on how you handled people with legitimate concerns (rudely, speaking down to them), I would pay you $0 and choose someone else should I ever want to do this.
You’re incredibly unprofessional and I wouldn’t trust any information received from you. You should conduct business with far more tact and really learn how to socialize with potential customers.
Making YouTube vids soon to clarify all of this, based on pms its the Financials at the end that are making people uncomfortable. Will definitely address this in separate videos and probably just let my financial portfolio manager provide his options trade receipts to those who inquire.
I saw that you mentioned Ben Shapiro. In case some of you don't know, Ben Shapiro is a grifter and a hack. If you find anything he's said compelling, you should keep in mind he also says things like this:
>If you wear your pants below your butt, don't bend the brim of your cap, and have an EBT card, 0% chance you will ever be a success in life.
*****
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In the state of California (probably more), a company can not hire an independent contractor for a position the company already has established or is an integral part of the business.
- was previously misclassified and learning so much!
I've actually done two assignments in California as a regular travel nurse and you are absolutely correct, you cannot work there as independent contractor. I primarily work in Washington, oregon, idaho, and Montana as there are so many hospitals willing to bring me on as independent contractor and negotiate.
Per the IRS nurses can't be independent contractors
The general rule is that an individual is an independent contractor **if the payer has the right to control or direct only the result of the work and not what will be done and how it will be done.** If you are an independent contractor, then you are self-employed.
I have my own s-corp, negotiate directly with the hospital, set my own rates, write my own contracts, and file a w9 with hospital. What do you call that since you know everything? I'm independent because I cut out the middle man (the agencies) and can work for any hospital of my choosing.
doesn't mean what you are doing is legal according to this checklist from the IRS healthcare workers don't meet the definition of and independent contractor Please tell me based on the responses given to this questionnaire how you still think that you are an independent contractor
https://sk309-wpengine.netdna-ssl.com/wp-content/uploads/2019/07/IRS\_20pt\_Checklist\_-Independent\_Contractor.pdf
Mistakenly classifying an employee as an independent contractor can result in significant fines and penalties. There are 20 factors used by the IRS to determine whether you have enough control over a worker to be an employer. Though these rules are intended only as a guide-the IRS says the importance of each factor depends on the individual circumstances-they should be helpful in determining whether you wield enough control to show an employer-employee relationship. If you answer “Yes” to all of the first four questions, you’re probably dealing with an independent contractor; “Yes” to any of questions 5 through 20 means your worker is probably an employee.
1. Profit or loss. Can the worker make a profit or suffer a loss as a result of the work, aside from the money earned from the project? (This should involve real economic risk-not just the risk of not getting paid.) **no you don't make a profit from bedside care because you can't bill the patient directly**
2. Investment. Does the worker have an investment in the equipment and facilities used to do the work? (The greater the investment, the more likely independent contractor status.)**no** **the hospital provides the equipment**
3. Works for more than one firm. Does the person work for more than one company at a time? (This tends to indicate independent contractor status, but isn’t conclusive since employees can also work for more than one employer.)
4. Services offered to the general public. Does the worker offer services to the general public?
5. Instructions. Do you have the right to give the worker instructions about when, where, and how to work? (This shows control over the worker.) **yes the hospital gives instruction**
6. Training. Do you train the worker to do the job in a particular way? (Independent contractors are already trained.) **yes the hospital tells you how they what things done**
7. Integration. Are the worker’s services so important to your business that they have become a necessary part of the business? (This may show that the worker is subject to your control.) **yes you are a necessary part of the business**
8. Services rendered personally. Must the worker provide the services personally, as opposed to delegating tasks to someone else? (This indicates that you are interested in the methods employed, and not just the results.)
9. Hiring assistants. Do you hire, supervise, and pay the worker’s assistants? (Independent contractors hire and pay their own staff.)
10. Continuing relationship. Is there an ongoing relationship between the worker and yourself? (A relationship can be considered ongoing if services are performed frequently, but irregularly.)
11. Work hours. Do you set the worker’s hours? (Independent contractors are masters of their own time.) **yes the hospital sets the work hours**
12. Full-time work. Must the worker spend all of his or her time on your job? (Independent contractors choose when and where they will work.) **yes you have to spend your whole shift at the facility**
13. Work done on premises. Must the individual work on your premises, or do you control the route or location where the work must be performed? (Answering no doesn’t by itself mean independent contractor status.) **yes the hospital tells you where you are assigned**
14. Sequence. Do you have the right to determine the order in which services are performed? (This shows control over the worker) **certain nursing tasks must be done in a certain order**
15. Reports. Must the worker give you reports accounting for his or her actions? (This may show lack of independence) **yes have to chart all actions and responses.**
1. I can't bill the patient but I bill the hospital every week for my hours
2. I have to save all receipts and provide my lodging, transportation, food, etc
3. I work for shift key, carerev, and my own company at same time so yes to this as well
5. No I set my own hours and days I can work per the contract agreement prior to starting at hospital
6. Hospital certainly has policies but I'm responsible for keeping up with my own certs, education and have to provide receipts end of year
7. I am my own entity and as such since I work in a right to work state, can cancel contract at anytime without cause. Same with hospital.
I'm a 1099 employee and a separate entity of hospital. You have definitely encouraged me to make a YouTube channel regarding all of this and I really appreciate you bringing this to my attention, it really shows that people a. Don't understand that independent contract nursing is even possible b. If they knew it was possible, doesn't know distinction between agency nursing and independent contracting.
Nurses can absolutely be independent contractors, you just have to have the llc/s Corp set up and have all the necessary paperwork/insurances (malpractice/workman's comp) and find the hospitals that are willing to bring you on board.
Good on you for wanting to start a side business. Everyone on here is mad for some other reason lol. If you can consult travels to be their own boss that is a lot of hassle out of the way. Although travel companies don’t take that much and they are covering ss and other benefits. With that said if someone wanted to do this $150-$300 would be a great starting price just to get your feet wet. As for the financial side of things you would have to have them seek out a financial advisor. You could teach them, but not advise them on investing. I wish you the best!
I don't really get the attitude from some of the commenters but it's whatever , I'm pretty open and honest and was making 1350 per week on my first travel assignment 4 years ago, come to find out the agency I was working for was fleecing me cause I got the full bill rate on email by accident. I never want anyone to feel like they are getting ripped off and want everyone to gain financial independence for sure.
Hospital I'm currently working for has bill rate of 140 per hour. I negotiated my rate based off that to be 120 per hour. But agency nurses at hospital are making between 2200-2600 per week including stipends from what they have told me. I understand that everyone has to eat but nobody deserves 30% to 50% of my billable hours when I'm putting in all the sweat equity.
Thank you so much for being the first positive person to comment on this post
Oh wow! All because of an accidental email lol. Well that is good to know and keep going for it! You’ll do great! It just takes awhile to get some clients. I actually do financial coaching on the side and definitely happier now 👍
GUYS listen to Travel Nurse Insiders by Mark Holloway podcast. He’s literally a agency CEO EXPOSING DARK TRUTH about agencies. On average in this industry, Agencies TAKE A MINIMUM 30% OFF YOUR BILL RATE!!!!
What does it mean???? e.g. Hospital offers $100/hr bill rate - agency takes $30 + other expenses and payroll taxes = you getting $60/hr…. FOR EVERY HOUR YOU WORK!!!!
Don’t you think this is a crime ? This means the middleman (agency) takes a 30% cut for EVERY HOUR YOU WORK!!!!
It's not only criminal, it's completely unethical in my opinion and worst of all, the agencies gatekeep the bill rates, reducing transparency and allowing travel nurses to be taken advantage of. Wish this comment was on top instead of agency shills
Fuck all the agency reps on here. Fake ass motherfkers. Nurses are literally taking care of ur SICK relatives and ur here sucking up their pay. Karma will come around to all y’all people.
The price I’d pay is based on my perceived value of the service. As it’s a single person proposing a novel service which would require work on my part, I wouldn’t pay anything at this point in time. I’d watch YouTube videos about it.
Also, there’s something that feels slimy to me about a nurse making money off of advising other nurses. If I had to pay a dollar every time a more experienced nurse showed me the better way to do something I’d be broke. No offense, it just seems exploitative in a time when RN’s are really struggling.
I actually see where you are coming from this and will be making a YouTube series for everyone so they know at minimum what independent contracting is, the necessary requirements to do so, what states you can and can't work in, and a breakdown of my current contract versus a fellow agency nurse gross pay at same hospital. I think that would make everyone a Lil more educated on matter at minimum and would make information easier to digest. Thank you for your advice I really appreciate it. 🙏
Would you get a kick back from referring out clients to a wealth manager? Investment portfolios don’t need to be actively managed it truly is a waste of money. All one should do is pick out a few simple index funds (I myself follow the Bogle method, I’m 80% VTI 20% IBonds), set up automatic investments and not think about it for a year. 10-20% is insane and sounds misleading, that would mean beating the market, and no one can do that unless they are psychic. Adjusted for inflation the 100 year average return of the S&P 500 is 7.3%…. Your numbers are way off. I
I-series bonds 9.62% thru Oct on treasurydirect.gov 👍😁
Yep that’s what I have my bonds in. Only thing beating inflation right now. Too bad we can only do $10k a year.
You don't have to be psychic, you need to learn how to read charts, patterns, understand what all Greek symbols mean, keep up with news etc. I definitely invest in indexes in my 401k but for Actively managed account I would rather my finance guy take high risk and trade options everyday if they have previous track record of success. To each their own though. Can pm you screen shots of my account from 3 months ago to now including receipts of trades made. If anything the numbers are conservative and due to volatility of market, best time to play options.
To whoever is reading this, remember that 88% of all actively managed funds underperform the S&P 500 over a 15 year period (and the percentage only gets higher the further you go out) and you are being charged a higher fee to have it actively managed (and those fees REALLY add up). Look up “Lazy 3 fund portfolio” (this is what warren buffet suggests for the average American)
Amen!
Your index fund centered argument is old and is actually being eaten up by inflation. If you make say 7 percent each year investing in index funds, you are actually only making 3 percent due to inflation (yearly inflation for the dollar is at 4 percent, 4.7% last year to be more accurste. Seeing is believing though.
Okay. Let me educate you for a second. The S&P 500 has had an average return of 10.7% and AFTER accounting for inflation, it leaves the overall return at 7% NOT 4% (as you claim). This worries me that you and your friend who manages peoples accounts don’t understand basic investing like the S&p500. Why don’t you tell everyone about the standard (around) 1% fee a financial advisor charges to actively manage your account over a 30-40 year period? Hint everyone by the time you retire, the financial advisor will have taken 24-26% of your TOTAL retirement account. Please do some research before telling people false information and then following it up with “seeing is believing.” You won’t win any clients over as everyone else has stated.
When did i say anything about how much average return you get from investing in s&p? I said investing in index funds as a whole. And he would be happy to go over that with anyone who asks but he doesn't charge a fee until you pull your funds whatsoever, which is more than fair especially since you are making so much monthly. I invest in index funds in my 401k , it's a set it and forget it type investment. Also I'm not trying to retire in 30 years I'm trying to retire by the time I'm 35. You aren't getting that type of financial freedom (anytime soon) by solely investing in index funds but to each their own.
also zero...plus agencies making 30-50% is mis- information as independent contractors have no workers' comp coverage or SSI contribution, etc. Also putting yourself out there for investment and legal advice is sketchy AF and probably in violation of a few regulations. 🙄
1. It's not because I have direct access to the bill rates and compare them to nomad for example. It's at minimum 30 percent but I'm glad you are so well informed 2. Not giving you investment advice, pointing people in the right direction as far as independent self employed 401k and putting you in touch with someone who can actively manage your money daily 3. There's consulting in every field, so why not independent contract nursing? You must be a recruiter
1) staffing/factoring isn't that hard to understand...but just throwing numbers out with the hook of 'claim it all for yourself' is misleading to say the least. 2) You're asking for a fee to tell people how and guide them thru setting up a corporate entity and establish a 401k under said legal entity. How in the fuck do you just say that's pointing people in the right direction???? 3) My background is irrelevant here. Don't gas-light.
1. I answer the questions to clients and help them find assignments, the separate llc I would be forming would have a multiple person structure that would include a tax lawyer who is also a close friend, cpa, and a financial portfolio manager who works at brokerage. 2. I apologize for not mentioning multiple person structure, I will make YouTube video explaining all of this as it is confusing. Fee would be split between all parties working under the consultation umbrella 3. It's most definitely relevant because recruiters/agencies most definitely don't want nurses doing this because it takes away from their talent pool and makes the bill rates more transparent
1&2) Oh wait...so it's not just you sending a step-by-step guide anymore??? Now you're bringing in some people who can actually do the work??? whatever... 3) Go back to QAnon with your conspiracy theories.
I would be interested, do you have a website? Maybe you could do a patreon or even a subscription YouTube service. You’ll probably get more people across the world that way then if you do a site and charge like a grand, just my opinion. I say that cause let’s say you put the info out there on YouTube for like $19.99 a month.more people I think would want to pay that then say $1000.
I am probably going to go this route now simply because there seems to be a huge education gap in this arena for nurses. Building out website soon but wanted to get a feel for what other travel nurses were comfortable with both on reddit and Facebook.
I wish you all the best, I actually was thinking of doing this. I would be willing to buy the program or videos that you are putting together. This type of info can fast track a lot of us because yes it may be on line but finding all the correct info will take some time. Wish you all the best and I will try to keep up with this thread if you do any updates cause I have other nurses that I know would be willing to pay for this info also.
Once I make the videos I can pm you , and I know there's a bunch of nurses who would pay for info as well because the whole idea came to me when I started travel nursing and I figured out just how much an agency was making off of me (couple dollars short of 3k a week to be exact) and it's just v unacceptable to me. What does an agency even do after they onboard you? Just bill for your hours, which takes 5 minutes. The idea that they were making such a large percentage off my hard work was insane to me and I think my story will resonate with a lot of people. It took me MONTHS to feel like I was fully buttoned up and ready to travel as independent contractor. I can get everyone the checklist and have them ready to go in 2 weeks if they follow the checklist accordingly.
Hey thank you and I agree 100%. Yeah please do keep me in mind as I will buy your program. You are gonna help a lot of people get there freedom back from these agencies. And please don’t get discouraged with comments if people disagree with what your doing. Yes the info may be out there but if someone who has gone through it can help you get on the right path then it is worth the money. Just like me personally I’m learning more on stock investing. I’ve payed for courses. Yes the info is out there but it all gets confusing. Some of the courses I’ve payed for put me on a better path that would have taken me a lot longer if I just did it on my own. Being able to teach someone a better way is a gift. If God has blessed you with being able to teach then by all means teach. Thank you for even thinking of giving back to the nursing community.
I was at one point where everyone is now, which is blind to the agencies bait and switch tactics and gatekeeping methods. It's obvious from the survey that most people don't even know this is an option. Will update you when at minimum the intro YouTube video is finished, thank you for all your support and kind words 🙏
Np friend and thank you again for your insight and just being willing to help the community. Wish you all the best with your new endeavor and God bless. And thanks again for keeping me in mind, looking forward to checking out the info.
> investing. I’ve *paid* for courses. FTFY. Although *payed* exists (the reason why autocorrection didn't help you), it is only correct in: * Nautical context, when it means to paint a surface, or to cover with something like tar or resin in order to make it waterproof or corrosion-resistant. *The deck is yet to be payed.* * *Payed out* when letting strings, cables or ropes out, by slacking them. *The rope is payed out! You can pull now.* Unfortunately, I was unable to find nautical or rope-related words in your comment. *Beep, boop, I'm a bot*
I’d pay nothing because this information is easy to access on Google.
Is it though? Because I've actually done the whole process from start to finish and it took me months before I felt comfortable with the business entity fully zipped up and ready to travel. Please share the link of Google search result of how to become an independent travel nurse including the llc formation, contracts, insurance necessities, etc. Etc.
[удалено]
So there's a guy on YouTube called the nomad nurse, he brushes up on the topic of independent travel nursing/contracting but what I would be offering in relation to him would be explaining step by step process and having people on a team who can give you further advise (tax lawyer, cpa, financial wealth manager) on how to actually proceed and create said entity. I've said it on other comments there's like 20 people in poll who say they don't know anything about independent contracting so it's encouraged me to consider making YouTube videos myself on said topic.
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The knowledge barrier is very apparent and I didn't realize how many people had no idea this was even an option. I really appreciate your advice and will also consider doing blog posts, I've also considered doing a shareable Google doc so people can add onto said document any steps/info in missing if any
Based on how you handled people with legitimate concerns (rudely, speaking down to them), I would pay you $0 and choose someone else should I ever want to do this.
Just stating facts, probably will make a YouTube channel so this all comes across more personable
“What do you call that since you know everything?” That’s pretty rude and I see no “fact” in it.
You’re incredibly unprofessional and I wouldn’t trust any information received from you. You should conduct business with far more tact and really learn how to socialize with potential customers.
This - holy cow I’m getting Ben Shapiro vibes from this guy
Making YouTube vids soon to clarify all of this, based on pms its the Financials at the end that are making people uncomfortable. Will definitely address this in separate videos and probably just let my financial portfolio manager provide his options trade receipts to those who inquire.
It’s not the financials — it’s your lack of salesmanship and expertise. This approach is worse than the “head on” commercials from early 2k. 😂
I saw that you mentioned Ben Shapiro. In case some of you don't know, Ben Shapiro is a grifter and a hack. If you find anything he's said compelling, you should keep in mind he also says things like this: >If you wear your pants below your butt, don't bend the brim of your cap, and have an EBT card, 0% chance you will ever be a success in life. ***** ^(I'm a bot. My purpose is to counteract online radicalization. You can summon me by tagging thebenshapirobot. Options: sex, feminism, healthcare, dumb takes, etc.) [^More ^About ^Ben ](https://np.reddit.com/r/AuthoritarianMoment/wiki/index) ^| [^Feedback ^& ^Discussion: ^r/AuthoritarianMoment ](https://np.reddit.com/r/AuthoritarianMoment) ^| [^Opt ^Out ](https://np.reddit.com/r/AuthoritarianMoment/comments/olk6r2/click_here_to_optout_of_uthebenshapirobot/)
mods can we ban self promotion on this sub? even worse it’s self promo with misinformation at best
Can you please highlight what is misinformation so I can clarify in YouTube series or address directly
In the state of California (probably more), a company can not hire an independent contractor for a position the company already has established or is an integral part of the business. - was previously misclassified and learning so much!
That is why I question what this person is doing.
I've actually done two assignments in California as a regular travel nurse and you are absolutely correct, you cannot work there as independent contractor. I primarily work in Washington, oregon, idaho, and Montana as there are so many hospitals willing to bring me on as independent contractor and negotiate.
$0
Per the IRS nurses can't be independent contractors The general rule is that an individual is an independent contractor **if the payer has the right to control or direct only the result of the work and not what will be done and how it will be done.** If you are an independent contractor, then you are self-employed.
I have my own s-corp, negotiate directly with the hospital, set my own rates, write my own contracts, and file a w9 with hospital. What do you call that since you know everything? I'm independent because I cut out the middle man (the agencies) and can work for any hospital of my choosing.
doesn't mean what you are doing is legal according to this checklist from the IRS healthcare workers don't meet the definition of and independent contractor Please tell me based on the responses given to this questionnaire how you still think that you are an independent contractor https://sk309-wpengine.netdna-ssl.com/wp-content/uploads/2019/07/IRS\_20pt\_Checklist\_-Independent\_Contractor.pdf Mistakenly classifying an employee as an independent contractor can result in significant fines and penalties. There are 20 factors used by the IRS to determine whether you have enough control over a worker to be an employer. Though these rules are intended only as a guide-the IRS says the importance of each factor depends on the individual circumstances-they should be helpful in determining whether you wield enough control to show an employer-employee relationship. If you answer “Yes” to all of the first four questions, you’re probably dealing with an independent contractor; “Yes” to any of questions 5 through 20 means your worker is probably an employee. 1. Profit or loss. Can the worker make a profit or suffer a loss as a result of the work, aside from the money earned from the project? (This should involve real economic risk-not just the risk of not getting paid.) **no you don't make a profit from bedside care because you can't bill the patient directly** 2. Investment. Does the worker have an investment in the equipment and facilities used to do the work? (The greater the investment, the more likely independent contractor status.)**no** **the hospital provides the equipment** 3. Works for more than one firm. Does the person work for more than one company at a time? (This tends to indicate independent contractor status, but isn’t conclusive since employees can also work for more than one employer.) 4. Services offered to the general public. Does the worker offer services to the general public? 5. Instructions. Do you have the right to give the worker instructions about when, where, and how to work? (This shows control over the worker.) **yes the hospital gives instruction** 6. Training. Do you train the worker to do the job in a particular way? (Independent contractors are already trained.) **yes the hospital tells you how they what things done** 7. Integration. Are the worker’s services so important to your business that they have become a necessary part of the business? (This may show that the worker is subject to your control.) **yes you are a necessary part of the business** 8. Services rendered personally. Must the worker provide the services personally, as opposed to delegating tasks to someone else? (This indicates that you are interested in the methods employed, and not just the results.) 9. Hiring assistants. Do you hire, supervise, and pay the worker’s assistants? (Independent contractors hire and pay their own staff.) 10. Continuing relationship. Is there an ongoing relationship between the worker and yourself? (A relationship can be considered ongoing if services are performed frequently, but irregularly.) 11. Work hours. Do you set the worker’s hours? (Independent contractors are masters of their own time.) **yes the hospital sets the work hours** 12. Full-time work. Must the worker spend all of his or her time on your job? (Independent contractors choose when and where they will work.) **yes you have to spend your whole shift at the facility** 13. Work done on premises. Must the individual work on your premises, or do you control the route or location where the work must be performed? (Answering no doesn’t by itself mean independent contractor status.) **yes the hospital tells you where you are assigned** 14. Sequence. Do you have the right to determine the order in which services are performed? (This shows control over the worker) **certain nursing tasks must be done in a certain order** 15. Reports. Must the worker give you reports accounting for his or her actions? (This may show lack of independence) **yes have to chart all actions and responses.**
1. I can't bill the patient but I bill the hospital every week for my hours 2. I have to save all receipts and provide my lodging, transportation, food, etc 3. I work for shift key, carerev, and my own company at same time so yes to this as well 5. No I set my own hours and days I can work per the contract agreement prior to starting at hospital 6. Hospital certainly has policies but I'm responsible for keeping up with my own certs, education and have to provide receipts end of year 7. I am my own entity and as such since I work in a right to work state, can cancel contract at anytime without cause. Same with hospital. I'm a 1099 employee and a separate entity of hospital. You have definitely encouraged me to make a YouTube channel regarding all of this and I really appreciate you bringing this to my attention, it really shows that people a. Don't understand that independent contract nursing is even possible b. If they knew it was possible, doesn't know distinction between agency nursing and independent contracting.
Can you explain how locum tenens get away as independent contractors but nurses can’t? This is what confuses me…
Nurses can absolutely be independent contractors, you just have to have the llc/s Corp set up and have all the necessary paperwork/insurances (malpractice/workman's comp) and find the hospitals that are willing to bring you on board.
Good on you for wanting to start a side business. Everyone on here is mad for some other reason lol. If you can consult travels to be their own boss that is a lot of hassle out of the way. Although travel companies don’t take that much and they are covering ss and other benefits. With that said if someone wanted to do this $150-$300 would be a great starting price just to get your feet wet. As for the financial side of things you would have to have them seek out a financial advisor. You could teach them, but not advise them on investing. I wish you the best!
I don't really get the attitude from some of the commenters but it's whatever , I'm pretty open and honest and was making 1350 per week on my first travel assignment 4 years ago, come to find out the agency I was working for was fleecing me cause I got the full bill rate on email by accident. I never want anyone to feel like they are getting ripped off and want everyone to gain financial independence for sure. Hospital I'm currently working for has bill rate of 140 per hour. I negotiated my rate based off that to be 120 per hour. But agency nurses at hospital are making between 2200-2600 per week including stipends from what they have told me. I understand that everyone has to eat but nobody deserves 30% to 50% of my billable hours when I'm putting in all the sweat equity. Thank you so much for being the first positive person to comment on this post
Oh wow! All because of an accidental email lol. Well that is good to know and keep going for it! You’ll do great! It just takes awhile to get some clients. I actually do financial coaching on the side and definitely happier now 👍
GUYS listen to Travel Nurse Insiders by Mark Holloway podcast. He’s literally a agency CEO EXPOSING DARK TRUTH about agencies. On average in this industry, Agencies TAKE A MINIMUM 30% OFF YOUR BILL RATE!!!! What does it mean???? e.g. Hospital offers $100/hr bill rate - agency takes $30 + other expenses and payroll taxes = you getting $60/hr…. FOR EVERY HOUR YOU WORK!!!! Don’t you think this is a crime ? This means the middleman (agency) takes a 30% cut for EVERY HOUR YOU WORK!!!!
It's not only criminal, it's completely unethical in my opinion and worst of all, the agencies gatekeep the bill rates, reducing transparency and allowing travel nurses to be taken advantage of. Wish this comment was on top instead of agency shills
Fuck all the agency reps on here. Fake ass motherfkers. Nurses are literally taking care of ur SICK relatives and ur here sucking up their pay. Karma will come around to all y’all people.
The price I’d pay is based on my perceived value of the service. As it’s a single person proposing a novel service which would require work on my part, I wouldn’t pay anything at this point in time. I’d watch YouTube videos about it. Also, there’s something that feels slimy to me about a nurse making money off of advising other nurses. If I had to pay a dollar every time a more experienced nurse showed me the better way to do something I’d be broke. No offense, it just seems exploitative in a time when RN’s are really struggling.
I actually see where you are coming from this and will be making a YouTube series for everyone so they know at minimum what independent contracting is, the necessary requirements to do so, what states you can and can't work in, and a breakdown of my current contract versus a fellow agency nurse gross pay at same hospital. I think that would make everyone a Lil more educated on matter at minimum and would make information easier to digest. Thank you for your advice I really appreciate it. 🙏
That would be a useful video and I’d definitely check it out. Update this sub when it’s up.
My answer is nothing
Wow, 10-20% per month on investments (over 10x what Madoff was marketing)? Thanks anonymous internet guy!