Finding Balance: Supplementing Your Income as a Nurse with Side Hustles

02/02/24 • 21 min

In this episode of Money Wise RN, I discuss the topic of side hustles for nurses. I start by acknowledging that many nursing blogs recommend picking up extra shifts as a side hustle, but I question whether that truly qualifies as a side hustle or just working more at the same job.

I then dive into six side hustle options that nurses can consider.

Freelance Writing: Nurses can leverage their healthcare experience to write for healthcare blogs, magazines, websites, and academic journals. The average hourly wage for healthcare writers is $46.
Online Tutoring: Nurses can tutor nursing students or students in other healthcare-related fields. They can also tutor high school or college students in subjects like microbiology. The national hourly wage for nursing tutors is approximately $27.
CPR Instructor: Nurses can work as CPR instructors for businesses, communities, social groups, and events. They can complete the CPR certification process through the American Red Cross, with an average hourly pay of $37.
Medical Transcription: Nurses with experience in medical terminology can transcribe medical reports or dictations into digital documents. The average hourly wage for medical transcriptionists is $18.20.
Immunization Nurse: The demand for immunization nurses has increased during the pandemic. Nurses can administer vaccines in patients' homes, workplaces, businesses, or clinics. The national average hourly wage for immunization nurses is approximately $39.
Ear Piercing: Nurses can work from home or at companies like Rowan or Blow Mall USA, offering ear piercing services. The average hourly pay is $28 plus tips.

I also briefly mention my personal experience with running an Etsy store, where I sell study guides and practice exams for nursing students. While it requires time and effort, it has provided me with passive income.

I highlight the benefits of having a side hustle, such as financial security, flexibility, and the opportunity to use skills in new and creative ways. However, I also caution against overextending oneself and risking burnout.

In conclusion, I encourage nurses to explore side hustles that align with their skills, interests, and schedules. With creativity and hard work, nurses can find a side hustle that brings both financial security and personal fulfillment.

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I then dive into six side hustle options that nurses can consider.

Freelance Writing: Nurses can leverage their healthcare experience to write for healthcare blogs, magazines, websites, and academic journals. The average hourly wage for healthcare writers is $46.
Online Tutoring: Nurses can tutor nursing students or students in other healthcare-related fields. They can also tutor high school or college students in subjects like microbiology. The national hourly wage for nursing tutors is approximately $27.
CPR Instructor: Nurses can work as CPR instructors for businesses, communities, social groups, and events. They can complete the CPR certification process through the American Red Cross, with an average hourly pay of $37.
Medical Transcription: Nurses with experience in medical terminology can transcribe medical reports or dictations into digital documents. The average hourly wage for medical transcriptionists is $18.20.
Immunization Nurse: The demand for immunization nurses has increased during the pandemic. Nurses can administer vaccines in patients' homes, workplaces, businesses, or clinics. The national average hourly wage for immunization nurses is approximately $39.
Ear Piercing: Nurses can work from home or at companies like Rowan or Blow Mall USA, offering ear piercing services. The average hourly pay is $28 plus tips.

Hosted on Acast. See acast.com/privacy for more information.

Previous Episode

Season Finale: Year-End 2023 Tax Considerations -Optimizing Your Financial Health for Nurses

In this season finale episode, Pamela Miller discusses important year-end tax considerations for nurses to optimize their financial health. She highlights the importance of maximizing FSA and HSA benefits, maximizing retirement contributions, and strategic charitable giving for tax deductions. Pamela also emphasizes the need to keep track of nursing-specific deductions, such as uniforms and training costs, and to review and confirm all forms for discrepancies. She recommends working with a tax advisor or CPA to navigate the complexities of tax deductions and offers helpful resources in the show notes. Overall, Pamela aims to provide nurses with valuable insights to improve their financial well-being for the year's end.

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Read Kathy's article on Coast Fi here. You can check out her podcast, the Global Nurse, and find her on Instagram.

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