Latest / Motion and Success / How 1099 Nurse Practitioners Are Making $250K+ and Keeping More of Their Income ft. Ebony Thyme

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How 1099 Nurse Practitioners Are Making $250K+ and Keeping More of Their Income ft. Ebony Thyme · Motion and Success

0:00
[SPEAKER_05]: You ever work over time and then you like what the hell have to my money?
0:03
[SPEAKER_00]: Yep, it's going.
0:04
[SPEAKER_05]: It's gone.
0:05
[SPEAKER_05]: I owe $30,000 in taxes when I first started.
0:08
[SPEAKER_00]: It's people out there, you know, their nurse practitioners and they probably burnt out they're working five days a week working most of the times out of the year and they just don't know you could work lessons to be paid more.
0:20
[SPEAKER_05]: Exactly.
0:20
[SPEAKER_05]: So let me tell you, an average nurse practitioner regardless of the specialty should be at least grossing $200,000 a year.
0:27
[SPEAKER_05]: I'm not learning anything new, I'm seeing the same patients, I'm just my structure of how I'm getting paid is different.
0:33
[SPEAKER_02]: Her name is Ebony Time, and she is the nurse practitioner that literally teaches other nurse practitioners how to go out there.
0:40
[SPEAKER_02]: And start making more money in 1099 contract.
0:43
[SPEAKER_05]: I like my freedom.
0:44
[SPEAKER_05]: I like my flexibility.
0:46
[SPEAKER_05]: I like making more money.
0:47
[SPEAKER_02]: So can you explain how as a nurse practitioner, every time you're doing these 1099 contracts, how are you getting free flights, free hotels, free stays, and even free car rents?
1:00
[SPEAKER_05]: Yeah, so I'm going to give you all again.
1:01
[SPEAKER_05]: How face this leg?
1:02
[SPEAKER_05]: I'm going to give you something.
1:03
[SPEAKER_05]: All right.
1:04
[SPEAKER_05]: Listen up, take notes.
1:06
[SPEAKER_00]: Okay.
1:06
[SPEAKER_00]: Before we get into this amazing episode, I'm calling all business owner coaches.
1:12
[SPEAKER_00]: Entrepreneurs who got a great product or service.
1:14
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1:15
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1:16
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1:18
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1:19
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1:21
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1:26
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1:38
[SPEAKER_02]: Well, there you go, it's $500,000 or even a million dollars plus you need more eyeballs.
1:44
[SPEAKER_02]: A lot of people are finding that adds a way too expensive for their budget.
1:48
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1:55
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1:57
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2:00
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2:07
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2:19
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2:28
[SPEAKER_02]: All right, guys, so welcome back to another episode of Motion and Success.
2:31
[SPEAKER_02]: Listen, guys, my name is Cody Brown.
2:32
[SPEAKER_02]: I got my co-host with me.
2:34
[SPEAKER_00]: It's Io and bro, we back with another great episode.
2:38
[SPEAKER_00]: I'm excited for this one.
2:39
[SPEAKER_00]: This is a return guest realm.
2:40
[SPEAKER_02]: This is a returning guest.
2:41
[SPEAKER_02]: This is a guest that we had literally in the beginning stages.
2:45
[SPEAKER_02]: Like when we talk about imperfection, like she literally witnessed imperfection, at its finest.
2:52
[SPEAKER_02]: I promise you guys, there is a time when we first first started,
2:55
[SPEAKER_02]: record it and how your podcast things went crazy and you know from there you know we we had to run it back in those words smoothly but now two years later we have well over 100 thousands of followers you know a lot of things has changed since then.
3:12
[SPEAKER_02]: But the guest that we're getting ready to introduce to you guys, her name is Ebony time and she is the nurse practitioner that literally teaches other nurse practitioners how to go out there and start making more money in 1099 contracting.
3:27
[SPEAKER_02]: So if you're a nurse practitioner, you know somebody that's also a nurse and they're looking to make some more money outside of the bedside.
3:33
[SPEAKER_02]: This is the podcast that you need to watch.
3:35
[SPEAKER_02]: from the start all the way over to the finish because lesson the game is about to get dropped.
3:40
[SPEAKER_02]: So let's jump straight into an ebb, Ebony, go ahead, introduce yourself, tell the people who you are, how do you help and let's crack.
3:49
[SPEAKER_02]: Let's kick it off from there.
3:50
[SPEAKER_05]: Yes, so my name is Ebony.
3:52
[SPEAKER_05]: I am from New York City.
3:54
[SPEAKER_05]: I'm a family medicine nurse practitioner.
3:56
[SPEAKER_05]: I've been practicing as a contractor since 2019, specifically a 1099 contractor.
4:03
[SPEAKER_05]: Majority of my career has been in contractive.
4:06
[SPEAKER_05]: So like, you know, I know the ins and also 1099 contractor.
4:09
[SPEAKER_05]: I've been doing this for quite some time.
4:11
[SPEAKER_05]: I'm not recently, well, I started coaching in 2020 when I realized that a lot of nurse practitioners don't know how to make more money.
4:23
[SPEAKER_05]: And because of that reason, I'm like, okay, well, let me show you one, how to make more money.
4:27
[SPEAKER_05]: And number two, how to operate as a 10-year-old contract, so.
4:30
[SPEAKER_05]: I'm here.
4:31
[SPEAKER_05]: I'm here to give you guys game.
4:33
[SPEAKER_02]: Let's do this go.
4:35
[SPEAKER_02]: So let's, I think let's jump off with some of the wins that you've had over the past few months.
4:40
[SPEAKER_02]: You know, since we last connected, you know, because, you know, after the podcast aired, you know, things went crazy for you, you know, you didn't have a few conferences over the past few months.
4:52
[SPEAKER_02]: You know, you've been going crazy with the programs like, you
4:54
[SPEAKER_02]: Just tell the people, what's been new like, what's with some of the big wins and things?
4:59
[SPEAKER_05]: Yeah, so like I had a community and people wanted more of me and just my mindset or how I would go about things because sometimes it's not even all about the income.
5:11
[SPEAKER_05]: Right.
5:12
[SPEAKER_05]: You can have more income and be burnt out.
5:13
[SPEAKER_05]: So those people are like, how are you doing is like, how are you working six months out of the year?
5:18
[SPEAKER_05]: How are you working nine months out of the year?
5:19
[SPEAKER_05]: How are you traveling whenever you want to?
5:21
[SPEAKER_05]: So I was like, all right, like, it's going to take a little bit more than just this community.
5:26
[SPEAKER_05]: So I started doing like one-to-one group coaching as well.
5:30
[SPEAKER_05]: And I started doing in-person events, which was new for me as well.
5:35
[SPEAKER_00]: We did it two years sold out both times and you know, I just thank God God is good You hate and that's how I've been a lot of exposure Thank you guys Amazing that's amazing That's that's really good to hear because you know anytime we usually have like never says people in the health field You know the content always goes really crazy But you specifically when you got on you said something that you know no other health, you know
6:04
[SPEAKER_00]: the 10, 9, 9 contracts, how you were able to work six months out of the year, and people would just like, even sometimes you, some nurses would come to you.
6:12
[SPEAKER_04]: And double your salary.
6:14
[SPEAKER_00]: Yeah, and double exactly, and even save one taxes.
6:17
[SPEAKER_00]: So it was like a whole, you know, bunch of games that you gave one the last time you came on.
6:22
[SPEAKER_00]: So how has life been?
6:23
[SPEAKER_00]: And like, what are some new things for you?
6:26
[SPEAKER_00]: I know you're jumping into the coaching space.
6:28
[SPEAKER_00]: You got mentees now.
6:29
[SPEAKER_00]: How has that been going?
6:30
[SPEAKER_05]: It's been good.
6:32
[SPEAKER_05]: It's been building out my team as well.
6:34
[SPEAKER_05]: It's been a lot.
6:35
[SPEAKER_05]: But it allows it frees them sometimes because one thing about me, like people be like, oh, Evan, I make more than me working as a nurse practitioner.
6:43
[SPEAKER_05]: I make that clear.
6:45
[SPEAKER_05]: But I love being a nurse practitioner.
6:48
[SPEAKER_05]: I've always, I got into being a nurse practitioner because I loved it.
6:53
[SPEAKER_05]: And so that's one thing, like, you know, some people, they go into spaces because they're like, okay, I want to go into full-board entrepreneurship.
6:59
[SPEAKER_05]: Yeah.
6:59
[SPEAKER_05]: And I don't know, like, I just like, go in in and get in a paycheck every week.
7:06
[SPEAKER_04]: Yeah.
7:06
[SPEAKER_05]: As a 1099 contract, they're doing the same skills that I'm supposed to do outside of, you know, just what I do now.
7:13
[SPEAKER_05]: So it's like,
7:15
[SPEAKER_05]: I, it doesn't, it phased me, um, just having the ability to do mentor mentor, you know, nurse practitioners and still be able to practice as a nurse practitioner, keep up with my license and stuff like that.
7:28
[SPEAKER_05]: It's not a lot, you know, it doesn't feel overwhelming.
7:33
[SPEAKER_05]: And it's just the easy way into things, like especially if like nurse practitioners are looking to start a business, 1099 contract, then you can do that on the side and still grow that business easier than quit and cold turkey.
7:47
[SPEAKER_05]: I'm just I love I love a paycheck every week for every two weeks for some people, but I love a paycheck that's coming from somebody else.
7:54
[SPEAKER_05]: So it doesn't bother
7:56
[SPEAKER_00]: No, I like the fact, you know, you mentioned first and foremost that you enjoy being an MP because the reality is like, like most of the people who are in the health field, especially, you know, nurse practitioner nurses, a lot of them don't know how much options they have, you know, I mean so,
8:12
[SPEAKER_00]: It's people out there, you know, they are.
8:14
[SPEAKER_00]: They're nurse practitioners, and they probably burnt out they're working five days a week, working most of the times out of the year, and they just don't know that, you know, you could work less and still get paid more.
8:26
[SPEAKER_05]: Exactly.
8:27
[SPEAKER_00]: You know, so when I do see this, because you know, even me being in Hellfire, I do see a lot of people that I look miserable, I'm behind us with you.
8:36
[SPEAKER_00]: And it just, it pulls that passion out of them from loving the Hellfire, from loving their field and the fact that you were able to kind of
8:46
[SPEAKER_05]: Do both.
8:47
[SPEAKER_00]: Do both.
8:48
[SPEAKER_05]: Yeah, because then you know people like I talk about money I do but people would say like oh you don't care about patients I love my patients why because I'm able to fill my cup yeah, I could fill my cup So I could be able to serve better and that's what matters to me So I just be like okay, fine like you know what about the patient?
9:07
[SPEAKER_05]: You shouldn't but that's what any job like
9:10
[SPEAKER_05]: Money still matters, right, but you still have to have the capacity to serve as well.
9:16
[SPEAKER_05]: So how can you be able to serve?
9:17
[SPEAKER_05]: You need to be able to take the time off.
9:20
[SPEAKER_05]: Reset, refresh, come back and serve in a better way.
9:24
[SPEAKER_05]: I'd rather do that than make a med error, honestly, because I'm burnt out and overworked.
9:28
[SPEAKER_05]: So it never works.
9:31
[SPEAKER_00]: that's the reality like when you when you're working in that burnt out state your head's not all right it's like you know the patients are the first people to kind of like get you get like the the they kind of see that result like they'll they'll fill it from you like hate it's exactly here
9:47
[SPEAKER_00]: This person's overwhelmed.
9:49
[SPEAKER_00]: So you know, it's always good to know that other options are out there and that's why I'm glad to have you want today Well, I'm happy.
9:55
[SPEAKER_05]: I'm happy to be here.
9:57
[SPEAKER_02]: Well, I let you kick off the questions man because you're in their health field I feel like that they gonna come to me and they gonna float in me a little bit better That's why I go to the health field
10:12
[SPEAKER_00]: But when we talk about health care and business and business and business and business and business and business.
10:17
[SPEAKER_00]: Okay.
10:18
[SPEAKER_05]: Hey guys.
10:19
[SPEAKER_05]: Sorry to break this interview right now.
10:20
[SPEAKER_05]: I know that you're really, really enjoying it.
10:23
[SPEAKER_05]: But if you're a nurse practitioner and you're looking to secure high pay in 79 contract where you can work less and earn more while paying less than taxes, make sure you hit my Instagram account at the MP that's EBB.
10:37
[SPEAKER_05]: T-H-E-N-P, and DM me the word training so that you can get my free training on how to secure high-paying 1099 contracts.
10:46
[SPEAKER_05]: Now let's get back to the interview.
10:48
[SPEAKER_00]: So definitely, you know, because I know most of the nurses they're going to be watching this, just just explain to them kind of like how being a 1099 contract the works, like, you know, how you able to work, you know, so much
11:05
[SPEAKER_05]: Yeah, so I've been doing this since 2019 prior to that, I was in travel nurse.
11:10
[SPEAKER_05]: So I can speak from the perspective of when I was a travel nurse, too, and be in a travel nurse practitioner.
11:16
[SPEAKER_05]: That's the easiest way to do it, but simply put it's 1099 contracting.
11:20
[SPEAKER_05]: And under that, there's different types of contracts that you could work.
11:24
[SPEAKER_05]: You could work a local maintenance, which is pretty much going in as a temporary provider.
11:29
[SPEAKER_05]: You might be covering like maternalies, FMLAs,
11:33
[SPEAKER_05]: A typical contract is 13 weeks, but you can be as long as they renew you.
11:38
[SPEAKER_05]: You can be there for up to a year or two years.
11:40
[SPEAKER_05]: There's some hospitals and clinics that are actually staffed with contractors.
11:44
[SPEAKER_05]: Then we have remote.
11:46
[SPEAKER_05]: That's been popping a lot lately, remote contracting.
11:49
[SPEAKER_05]: That's 1099 contracts that you can do.
11:52
[SPEAKER_05]: They're flexible contracts that you could do.
11:54
[SPEAKER_05]: Those contracts is like, you work.
11:57
[SPEAKER_05]: here you work there like I like to use it as contract stacking so if it will be like my form of PTO because as a W tool you don't get you get paid you get PTO but as a 1099 contractor you don't get PTO so I contract stack by doing telehealth and like that'll be like my time off if I'm overseas I'm gonna you know work.
12:21
[SPEAKER_04]: Right.
12:23
[SPEAKER_05]: So that's how it is as far as that goes.
12:25
[SPEAKER_05]: So as we are growing our income and we're contracts stacking, we're seeing it makes more sense to be a 1099 contractor, right?
12:32
[SPEAKER_05]: But you also got to keep in mind the health insurance, some people, they have families, they have a husband, a wife that has health insurance, that's great.
12:41
[SPEAKER_05]: But that's not everybody's case, right?
12:43
[SPEAKER_05]: Then you got to take into account those kind of things, your cost of living and things like that.
12:48
[SPEAKER_05]: So we negotiate based on if I have to give you like a way to negotiate, it'll be based on what your projected income goal is.
12:56
[SPEAKER_05]: Simply put like a business, right?
12:58
[SPEAKER_05]: If you're starting a business, you're like, how many clients do I need to make extra amount of months?
13:02
[SPEAKER_05]: contracts.
13:04
[SPEAKER_05]: How high do I need to negotiate to make X amount in that month?
13:09
[SPEAKER_05]: And I want to keep making X amount to reach this amount in a year.
13:14
[SPEAKER_05]: So that's how contracting works.
13:16
[SPEAKER_05]: Similar to business.
13:17
[SPEAKER_05]: So yeah, you basically focus on growing your income by negotiating higher.
13:22
[SPEAKER_00]: Is it because I know being a contract is a little bit different than, you know, just being like a travel Right ordinary like travel nurse or an air travel MP So like when it comes to negotiating like
13:36
[SPEAKER_00]: How do you know where you wanna take it and versus how much they're offering you?
13:44
[SPEAKER_00]: For example, some places they do lowball, they do lowball, and it's like, because even when I was working, doing some travel work, I was working through an agency and I had no room in the gochier, so I'm pretty sure I was a contract that you had that option.
14:02
[SPEAKER_05]: Yeah, it's true.
14:03
[SPEAKER_05]: I think it's true across the board because the way you have to think about it is the hospital is a bill rate.
14:11
[SPEAKER_05]: There's a bill rate that gets sent to the clinic.
14:16
[SPEAKER_05]: I mean, not the clinic, the agency.
14:18
[SPEAKER_05]: When the A, this is specifically speaking for Locums, I'll tell you the strategy for tell you how that's different.
14:24
[SPEAKER_05]: But for Locums 10 ends, they get a bill rate.
14:28
[SPEAKER_05]: The bill rate is split already.
14:30
[SPEAKER_05]: So it's supposed to cover the cost of probably your amount of practice insurance, the cost of some people, like it depends on if it's recruited as getting paid hourly versus commission, that's supposed to be covering the cost and the overhead, right?
14:42
[SPEAKER_05]: Because they're still a business at the end of the day to agency and then also you as well.
14:47
[SPEAKER_05]: I like to tell people one besides like negotiate by your projected income go how much contracts I need to make in those kind of things.
14:56
[SPEAKER_05]: I tell people to do a market research.
14:58
[SPEAKER_05]: A market research is making sure your name is in everybody's system, right?
15:03
[SPEAKER_05]: Every agency and you know, because you're the child when they're saying, right?
15:06
[SPEAKER_05]: You have like one agency that's like, hey, we the same hospital.
15:11
[SPEAKER_05]: Right, but they're like, we're gonna pay X amount.
15:14
[SPEAKER_05]: Then you have another agency, same hospital that's like, we're gonna pay this amount, right?
15:18
[SPEAKER_05]: If I wanna negotiate, I'm gonna be like, hey, B hospital is payin' me this, can you match that?
15:25
[SPEAKER_05]: So it's simply just like that as well.
15:28
[SPEAKER_05]: There's some strategies that go behind negotiate in as well, because there's sometimes where for me, once I reach my income gold, the rate don't really matter that much, I could contract stack with Tully Health.
15:38
[SPEAKER_05]: and I'll tell you about that one.
15:40
[SPEAKER_05]: But I would like to negotiate something else.
15:42
[SPEAKER_05]: I'm a traveler.
15:43
[SPEAKER_05]: So I'm going to negotiate flights.
15:46
[SPEAKER_05]: I'm going to negotiate car rental.
15:48
[SPEAKER_05]: I'm going to negotiate hotel.
15:50
[SPEAKER_05]: And it might not be the highest rate, but it could be convenient for me.
15:54
[SPEAKER_05]: Maybe it's 20 minutes away.
15:55
[SPEAKER_05]: And I'm telling you a contract that I currently have, right?
15:58
[SPEAKER_05]: Yeah.
15:58
[SPEAKER_05]: And that's what I want right now.
16:00
[SPEAKER_05]: So, is not any additional out-of-pocket expenses or anything like that?
16:05
[SPEAKER_05]: I'm still getting paid higher than what I would be making as a staff MP, but I'm negotiating other things, right?
16:11
[SPEAKER_05]: Then contracts stacking telehealth is another thing that I do for 1099 contracts, but they're not based on hourly, they're based on volume.
16:20
[SPEAKER_05]: So, and they're also based on the amount of licenses that you have.
16:24
[SPEAKER_05]: The more license you have, the better opportunities you're going to get for patients to come see you.
16:29
[SPEAKER_05]: So, like, if you have a contract that's paying, the telehealth don't really pay that great, but let's say the contract is paying, not contract, they paying $50 or $30 per patient.
16:40
[SPEAKER_05]: How many patients can you see in an hour to make that hourly rate?
16:44
[SPEAKER_05]: So it's a volume base versus hourly base.
16:47
[SPEAKER_05]: hourly base, you're going to get paid regardless.
16:50
[SPEAKER_05]: Volume base is based on your availability because I only do contracts that are flexible for me.
16:55
[SPEAKER_05]: Right.
16:56
[SPEAKER_05]: I don't believe in doing W2, tell you health contracts.
17:02
[SPEAKER_05]: I got to work every other week because they operate the same.
17:05
[SPEAKER_05]: You got to work every other holiday and it's just no.
17:08
[SPEAKER_05]: Just give me a flexible 1099.
17:10
[SPEAKER_05]: Let me I have five, six, seven licenses.
17:14
[SPEAKER_05]: Let me go ahead and work and I'm going to choose how much I want to make for the day.
17:19
[SPEAKER_05]: That's contract stacking on top of what I'm already making.
17:22
[SPEAKER_05]: So those are the two strategies like if I'm not negotiating how you're on local.
17:26
[SPEAKER_05]: I'm probably contracting contract stacking on the back end.
17:29
[SPEAKER_00]: Sorry to break this amazing episode.
17:32
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17:34
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18:35
[SPEAKER_02]: Go ahead and click the link down below, and I'm going to see you guys in that next masterclass.
18:40
[SPEAKER_00]: I was going to say like, you said that they cover like flights, hotels, and things like that.
18:47
[SPEAKER_00]: How are you able to get them to cover that?
18:50
[SPEAKER_00]: And you know, you're still getting paid a decent amount.
18:53
[SPEAKER_05]: It's different than W2.
18:54
[SPEAKER_05]: So like I was a traveler.
18:56
[SPEAKER_05]: It's right.
18:58
[SPEAKER_05]: They, they, they, if I'm not mistaken, it's been a long time.
19:02
[SPEAKER_05]: But they incorporate housing and transportation into like your rate or something like that.
19:07
[SPEAKER_05]: So that's a separate budget.
19:09
[SPEAKER_05]: So there's a travel budget and then there's a bill rate budget.
19:12
[SPEAKER_05]: So you still get your bill rate and then the separate budget is what's being negotiated for travel.
19:18
[SPEAKER_05]: And that's typically from the hospital or clinic that's giving a budget for that specifically.
19:23
[SPEAKER_05]: So that's not even, I don't even have nothing to do with your hourly rate.
19:28
[SPEAKER_05]: Right.
19:29
[SPEAKER_02]: So can you explain how, as a nurse practitioner, every time you're doing these 1099 contracts, how are you getting free flights, free hotels, free stays, and even free car rents who's like, what's the step by step strategy?
19:44
[SPEAKER_05]: Let me give you all the game.
19:45
[SPEAKER_02]: How do you go out there and start doing these kind of things?
19:48
[SPEAKER_05]: Yeah, so I'm going to give you all the game.
19:49
[SPEAKER_05]: I'll face this way.
19:50
[SPEAKER_05]: I'm gonna give you that.
19:52
[SPEAKER_05]: All right, listen up, take notes.
19:54
[SPEAKER_05]: Okay.
19:55
[SPEAKER_05]: So, first and foremost, this is what you're gonna do.
19:58
[SPEAKER_05]: When you negotiate housing, transportation, car rental, and they say yes, you're already that's one, that's that one.
20:05
[SPEAKER_05]: Okay.
20:06
[SPEAKER_05]: Step two, you can do two things.
20:09
[SPEAKER_05]: Maybe three, but you can get like a membership like the loyalty membership with the like doubt those are free.
20:17
[SPEAKER_05]: Yeah.
20:17
[SPEAKER_05]: Those are free membership.
20:18
[SPEAKER_05]: You can do that.
20:20
[SPEAKER_05]: And any time you go get a car rental, any time you go get a hotel, any time you get a flight, make sure that that loyalty membership is on it.
20:28
[SPEAKER_05]: That's free.
20:28
[SPEAKER_05]: You could do it that way.
20:29
[SPEAKER_05]: Secondly, I got three steps.
20:31
[SPEAKER_05]: I got three steps.
20:32
[SPEAKER_05]: That's one.
20:33
[SPEAKER_05]: Number two, you can do where you pay for it upfront, use a travel rewards card.
20:41
[SPEAKER_05]: My favorite is AMX, Chase this one, this capital one venture as well.
20:45
[SPEAKER_05]: Use that where it shows the most point.
20:48
[SPEAKER_05]: So like,
20:49
[SPEAKER_05]: flights for AMX, platinum, I think is five times reward points or whatever.
20:54
[SPEAKER_05]: Then you have stuff that I think gold, like, is 10X, I could be wrong.
20:59
[SPEAKER_05]: Don't remember, I have a lot of cards.
21:00
[SPEAKER_05]: So, you would say, hey, I'll pay for it up front.
21:05
[SPEAKER_05]: you reimburse me back.
21:06
[SPEAKER_05]: That's that number two because you're going to get paid that pay for the hotel fine.
21:10
[SPEAKER_05]: Right.
21:10
[SPEAKER_05]: Your paycheck come.
21:11
[SPEAKER_05]: They're going to give you your hourly rate plus whatever you pay for and you get to not only get the points at a higher rate because loyalty points are just basic level.
21:20
[SPEAKER_05]: But if you're using your credit card, you get it at a higher level.
21:25
[SPEAKER_05]: And now you can be able to pay it back with the paycheck that they give you, right?
21:30
[SPEAKER_05]: So that's number two.
21:32
[SPEAKER_05]: I feel like I had number three, but I don't remember number three, but it's going to come to me.
21:36
[SPEAKER_02]: Okay.
21:36
[SPEAKER_02]: I mean, that's definitely good.
21:38
[SPEAKER_02]: Because that's all.
21:39
[SPEAKER_02]: That's game because now.
21:41
[SPEAKER_02]: You know, I don't know if you guys know, but Ebony, she is a a a a a big time traveler like Yeah, she's been all over the world.
21:50
[SPEAKER_02]: You're at me.
21:51
[SPEAKER_02]: I'm like all over the world like to the point where like she's even working outside of the country, you know, doing your virtual practice and doing what you got to do and that's all because of the contracts that you you've been doing previously.
22:03
[SPEAKER_05]: Yeah.
22:04
[SPEAKER_05]: So with the virtual contracts and what
22:10
[SPEAKER_05]: It can't be insurance based like Medicaid if patients are paying by insurance.
22:14
[SPEAKER_05]: You can't do that overseas, but if it's cash based like a cash based practice that's paying you, sometimes it could be a weight loss clinic that needs contractors to, you know, and they pay is a cash based kind of vibe, then you can be able to take that overseas.
22:28
[SPEAKER_02]: make sense.
22:29
[SPEAKER_02]: Make sense.
22:30
[SPEAKER_02]: Okay.
22:30
[SPEAKER_02]: So I want to jump into like this step by steps on how does a person like how does a nurse practitioner say hey listen you know I've been burnt out I've been you know in the hospital you know I've been doing the regular traditional route of you know my day-to-day responsibilities how did they start going out there and actually finding these contracts because it's one thing to know that is out there what also is another thing to know how to go out there and do it.
22:57
[SPEAKER_02]: You know, because like you said a lot of times as people are so used to the regular, you know, regular day to day thing, but they don't know how to go out there and find these contracts like, is there certain websites, is there certain forums, you got to be certain relationships, like tell us more about that part.
23:13
[SPEAKER_05]: So, um, why not have a free Facebook group that opportunities are posted in the end, well, the time.
23:18
[SPEAKER_02]: So what's the name of it?
23:20
[SPEAKER_05]: No mad in medicine.
23:22
[SPEAKER_02]: No mad.
23:23
[SPEAKER_05]: No mad.
23:24
[SPEAKER_02]: No mad in medicine.
23:25
[SPEAKER_02]: Okay.
23:25
[SPEAKER_02]: Okay.
23:26
[SPEAKER_02]: No mad.
23:26
[SPEAKER_02]: I get it.
23:27
[SPEAKER_02]: I get it.
23:27
[SPEAKER_02]: I get it.
23:27
[SPEAKER_05]: I get no mad.
23:28
[SPEAKER_05]: Yeah.
23:29
[SPEAKER_05]: Medicine.
23:29
[SPEAKER_05]: So that's the name of it.
23:31
[SPEAKER_05]: And we post local opportunities in the old time.
23:35
[SPEAKER_05]: Second, when I first started, I worked with a company called Consilium Staffing.
23:41
[SPEAKER_05]: Free shout out to them because they told me down on my events.
23:44
[SPEAKER_05]: And not, but they're amazing though overall, like when I first started, I actually started working as a contractor for months after being in their practitioner.
23:53
[SPEAKER_05]: So I didn't even a year of experience before I started.
23:56
[SPEAKER_05]: They gave me my first opportunity.
23:58
[SPEAKER_05]: I literally went on a website, applied, got the job, I told the person that, hey, I'm willing to like learn.
24:06
[SPEAKER_05]: And I stayed on that contract for six months.
24:08
[SPEAKER_05]: It was primary care.
24:09
[SPEAKER_05]: I'm an urgent care provider.
24:10
[SPEAKER_05]: So that was like new to me.
24:12
[SPEAKER_05]: Also, like this Facebook group says well, not really a fan of them, besides my own.
24:19
[SPEAKER_05]: No, because they don't really post opportunities in there, but they post like, oh, like, you ask a question.
24:25
[SPEAKER_05]: People share like their experiences.
24:28
[SPEAKER_05]: And I think the experience is very individualized.
24:31
[SPEAKER_05]: So I don't post my Facebook group as literally just posting jobs.
24:35
[SPEAKER_05]: Like, the experience is very individualized.
24:38
[SPEAKER_05]: What works for you might not work for me and so on.
24:40
[SPEAKER_05]: So I try not to do that because I don't want to scare people.
24:44
[SPEAKER_05]: Right, I rather just know your situation.
24:46
[SPEAKER_05]: So I could be like, okay, you could do this.
24:48
[SPEAKER_05]: You could do that.
24:49
[SPEAKER_05]: There are W2 locom opportunities.
24:52
[SPEAKER_05]: Don't I don't specialize in that because it's nothing to really specialize in.
24:56
[SPEAKER_05]: I might tell a person I want to do 1099 contracting that based on your situation right now.
25:02
[SPEAKER_05]: In this moment, W2 locom tenants will probably be the way for you to go until this situation is resolved.
25:09
[SPEAKER_05]: Then you do 1099.
25:10
[SPEAKER_05]: I've told people that before.
25:12
[SPEAKER_05]: So that, and I also would say, LinkedIn, and indeed, I honestly, those are really common places.
25:24
[SPEAKER_05]: You just put in local attendance, or you put 1099 contracts.
25:27
[SPEAKER_05]: There's direct contracts that provide this go work as well.
25:31
[SPEAKER_05]: That's without an agency.
25:33
[SPEAKER_02]: And there was some of the typical qualifications.
25:35
[SPEAKER_02]: I mean, outside of being a nurse practitioner.
25:38
[SPEAKER_02]: Is there like other qualifications that people usually would have to have?
25:42
[SPEAKER_05]: experience at least six months to one year.
25:45
[SPEAKER_05]: There are some contracts that would take you as a new grad.
25:48
[SPEAKER_05]: But nowadays, like, the way it works is like, really, we don't want to do credentialing.
25:54
[SPEAKER_05]: Like, we don't, they're not we.
25:56
[SPEAKER_05]: They don't want to have to, like, have you do orientation for three months.
26:00
[SPEAKER_05]: And however, orientation, however, long.
26:02
[SPEAKER_05]: Now it's like, you're not really trained that much anymore.
26:06
[SPEAKER_05]: I feel like even, yeah.
26:07
[SPEAKER_05]: As a staff nurse practitioner, the reason why I left my job after four months of being a staff MP is because they didn't train me.
26:16
[SPEAKER_05]: Like literally I had two days of orientation and date three.
26:19
[SPEAKER_05]: I was for my own seeing like 35 patients a day in urgent care.
26:23
[SPEAKER_05]: That's not cool.
26:24
[SPEAKER_05]: Yeah.
26:25
[SPEAKER_05]: So I kind of learned how to hop into these roles based on that experience.
26:29
[SPEAKER_05]: But to answer your question, because they don't have time to train you, they don't even know if you'll stay, right?
26:36
[SPEAKER_05]: They'll rather get somebody that have experience that could come in and do that role right away.
26:41
[SPEAKER_05]: And be there for however, however long they need it.
26:44
[SPEAKER_05]: I've worked contracts out of six weeks.
26:46
[SPEAKER_05]: I've worked contracts that's a day.
26:47
[SPEAKER_05]: I worked contracts that are four hours long.
26:50
[UNKNOWN]: Right.
26:51
[SPEAKER_05]: because a person called in sick or something like that like I've done that like you know what I mean so I'm not going to try somebody yeah that kind of that kind of makes me want to ask you especially like you you mentioned experience
27:06
[SPEAKER_00]: Um, and a lot of times is like you said they don't give you a lot of orientation like I obviously they they basically draw you into the into the into the jungle.
27:14
[SPEAKER_04]: Yeah.
27:15
[SPEAKER_00]: And you know, um, even me working alongside some some nurses, you know, a lot of them they they get exposed right away.
27:23
[SPEAKER_00]: Um, because the the lack of orientation.
27:26
[SPEAKER_04]: So.
27:27
[SPEAKER_05]: What goes into you picking contracts like what is some what is some things that you like like because a lot of times the money could be right But then you like what I didn't you have been to me before I worked so funny so I worked with a con this was when I was a child No, I keep going between travelers and 1099 conch I cuz I got stories for days like I had experience of both and This is I'm not gonna say the name of the hospital.
27:54
[SPEAKER_05]: I think a lot of people wouldn't know the name of it
27:57
[SPEAKER_05]: But it was based in Cali, not you last one.
28:03
[SPEAKER_05]: I already said.
28:05
[SPEAKER_05]: And it's a lot of micro management behind it, but they were paying 10k a week during COVID.
28:11
[SPEAKER_05]: Yup, it was a six week contract, and I left that for three.
28:17
[SPEAKER_05]: because of that.
28:18
[SPEAKER_05]: Like it wasn't worth it.
28:19
[SPEAKER_05]: It was too much.
28:21
[SPEAKER_05]: It was like way too much micromenaging.
28:23
[SPEAKER_05]: It was for me.
28:25
[SPEAKER_05]: And that might look different for somebody that's chasing the bag.
28:28
[SPEAKER_05]: But there's times when you chase the bag and there's times when you run away from the bag because it's going to cost me my license and my license is the most precious thing that I worked for.
28:38
[SPEAKER_05]: So I don't chase after every high paying opportunity.
28:42
[SPEAKER_05]: right?
28:42
[SPEAKER_05]: So, to your question about what goes into like what kind of contracts that work, I'm funny, like I like to do contracts like that are in the warm year.
28:51
[SPEAKER_02]: Yeah, that's why Florida.
28:54
[SPEAKER_05]: Florida doesn't pay well though, not when they don't pay well, and they don't have a lot of opportunities in Florida, though, as a 10, 99 contract at least.
29:03
[SPEAKER_05]: on California is one of my favorite states.
29:05
[SPEAKER_02]: I've heard calories like a nurse friendly state.
29:08
[SPEAKER_05]: It's a nice friendly state.
29:09
[SPEAKER_05]: The only reason I haven't worked in Cali in a long time is because they're starting to integrate 1099 contractors into W2s, some agencies.
29:18
[SPEAKER_05]: So I'm a 1099 girl, Lee for several reasons.
29:23
[SPEAKER_05]: So I haven't been there since like, for the past three years, I haven't been to Cali, but I'm a one-state girl.
29:27
[SPEAKER_05]: The past two years I've been here in New York, working just contracts like PR and contracts, which is different different hospitals that need me or clinics that need me.
29:39
[SPEAKER_00]: Right.
29:40
[SPEAKER_00]: Wow.
29:41
[SPEAKER_00]: Yeah.
29:42
[SPEAKER_00]: That's so true.
29:43
[SPEAKER_00]: You know, because sometimes you really got to put a lot of thought into,
29:46
[SPEAKER_00]: where you want to work, because you know, sometimes it's not worth it.
29:51
[SPEAKER_00]: It's not worth it.
29:52
[SPEAKER_05]: It's not worth it.
29:53
[SPEAKER_00]: It's not.
29:54
[SPEAKER_00]: It's not.
29:55
[SPEAKER_05]: I worth the, I worth the contract.
29:57
[SPEAKER_05]: And the only reason I stick through this contract is because I promise you they was paying my flight to and from New York every week.
30:03
[SPEAKER_05]: And I wanted my points.
30:05
[SPEAKER_05]: But it was six weeks.
30:06
[SPEAKER_05]: I didn't extend with them.
30:07
[SPEAKER_05]: But I knew exactly what I wanted to do.
30:10
[SPEAKER_05]: My mission was different.
30:12
[SPEAKER_05]: My mission was like, OK, they flew me on Delta Delta's my favorite airline.
30:16
[SPEAKER_05]: They flew me that every week.
30:18
[SPEAKER_05]: I took my doggy with me and they covered my hotel I was staying in the hill ten.
30:23
[SPEAKER_05]: They covered my car rental.
30:24
[SPEAKER_05]: It was um not enterprise the other one Oh, no national National yeah, yeah, yeah, yeah, yeah, yeah, yeah, yeah, yeah, yeah, yeah, yeah, yeah, yeah.
30:36
[SPEAKER_05]: I was having the my little Dodge charger
30:40
[SPEAKER_05]: So I was having those, like, big, and I did it for six weeks every week, every week.
30:46
[SPEAKER_05]: I was out there in DC and I couldn't took the train, but like, you got to think about these things, like, what am I getting up the train?
30:53
[SPEAKER_05]: Right.
30:53
[SPEAKER_05]: Nothing.
30:54
[SPEAKER_02]: There's no, there's no, there's no.
30:55
[SPEAKER_02]: I want my plane.
30:56
[SPEAKER_05]: So I would pay for, I did the strategy I said earlier, would pay for it upfront, had them reimbursed me back, and I kept on my points.
31:03
[SPEAKER_05]: And that actually helps me take time off to be honest with you because if I can fly somewhere and not have to pay for my flight or pay for my hotel because of the points that I have accumulated while I was working, what I do is pay for food.
31:16
[SPEAKER_02]: Right, show up, show up, show up, yeah.
31:20
[SPEAKER_05]: Show up, pay for food.
31:21
[SPEAKER_05]: Like, so it makes things a lot easier.
31:24
[SPEAKER_00]: Yeah, so, you got work?
31:25
[SPEAKER_00]: Yeah, I was gonna say, cause some people, they're gonna be hearing this and they're gonna be like, you know, 1099 contract.
31:32
[SPEAKER_00]: And it sounds like, you know, being at, you know, you don't, you don't have necessarily like an employer.
31:37
[SPEAKER_00]: Right.
31:38
[SPEAKER_00]: You kind of control, you know, I love that stuff.
31:40
[SPEAKER_00]: You schedule everything.
31:43
[SPEAKER_00]: a lot of people be surprised that's the reason why they they they kind of love the nine or five route is because you know all they got to do was take the W2 to the tax man go back home sleep go back to work the next day but what are the benefits you know which you have in that much control over your schedule yeah that's a good question so let me tell you an average nurse practitioner regardless of the specialty should be at least
32:11
[SPEAKER_05]: doing the same skill that you would have been doing as a W2, right?
32:17
[SPEAKER_05]: So that, that gives you a light bulb right there, like, okay, wait, I'm not learning anything new.
32:23
[SPEAKER_05]: I'm not, I'm seeing the same patience.
32:26
[SPEAKER_05]: I'm just my structure of how I'm getting paid is different.
32:29
[SPEAKER_05]: So if I'm getting paid as a 1099 contract, let's say at baseline grossing $200,000 a year, I can now decide to be an employee.
32:40
[SPEAKER_05]: you could follow as an S corporation and become an employee of the business.
32:45
[SPEAKER_05]: So if you are getting paid 140 as a W2, I rather control how much I get paid as a W2 because now guess what can happen.
32:54
[SPEAKER_05]: Those the besides doing the same skills that you had, I can now also write off the same thing that I would have been doing as a W2.
33:03
[SPEAKER_05]: You can't write off as a W2.
33:06
[SPEAKER_05]: You can write off as a 1099 and what that means is if I'm driving across the bridge that easy past toll I'm writing off if I'm getting gas I'm writing that off this is stuff you do every day if I let's let's just put it like this if I'm waking up at six o'clock in the morning to be at work in work seven to seven right.
33:26
[SPEAKER_05]: I'm literally getting up, making my breakfast cool.
33:29
[SPEAKER_05]: I get in my car, I'm driving the miles is a right off.
33:35
[SPEAKER_05]: I have to go across the bridge.
33:37
[SPEAKER_05]: That is a right off.
33:39
[SPEAKER_05]: I get to work.
33:40
[SPEAKER_05]: I decide to buy everybody at the job.
33:42
[SPEAKER_05]: Some Duncan doughnuts or Starbucks for the day.
33:45
[SPEAKER_05]: I'm writing it off, right?
33:47
[SPEAKER_05]: Look at how much I've already said right the end then Throughout the day, I'm seeing patients.
33:52
[SPEAKER_05]: I'm getting paid my hourly rate whatever from 10 a.m.
33:55
[SPEAKER_05]: I contract them I come home.
33:57
[SPEAKER_05]: I got to go back across the bridge.
33:58
[SPEAKER_05]: I'm writing it off.
34:00
[SPEAKER_05]: Okay?
34:02
[SPEAKER_05]: Let's say you're working remotely, right?
34:05
[SPEAKER_05]: I can write off half of my rank on mortgage I can write off my
34:14
[SPEAKER_03]: going.
34:16
[SPEAKER_05]: I can write off my, give me some more stuff.
34:20
[SPEAKER_05]: Internet.
34:20
[SPEAKER_02]: Internet.
34:21
[SPEAKER_02]: Yeah.
34:22
[SPEAKER_05]: I can write off my phone, my laptop.
34:25
[SPEAKER_05]: These are things you scrubs set the scopes.
34:29
[SPEAKER_05]: These are things that you will be able to write off anyway.
34:33
[SPEAKER_05]: So think to yourself how much of a W to you need to make yourself a real.
34:37
[SPEAKER_05]: Like, let's be.
34:39
[SPEAKER_05]: that if we use the strategy where we're able to pay ourselves as an employee and also deduct every ordinary expenses, how much money do you really need to be as a W tool employee?
34:52
[SPEAKER_05]: This times I don't even pay myself that much as a W tool because most of it is right or else.
34:57
[SPEAKER_00]: And it kind of makes me think, too, even with W2 is like, most of them, they get a return.
35:02
[SPEAKER_00]: So I guess it's just me and that they just pay the government, extra money.
35:09
[SPEAKER_05]: I don't want to say it, you did.
35:11
[SPEAKER_05]: So, like, as a 10, 99.
35:14
[SPEAKER_05]: As I want to say that you did, so as I said, so now you get it, right?
35:18
[SPEAKER_05]: So as a 1099 contractor, our goal is to avoid having to pay the government too much because like, as a W2, you're pre-taxed on your earning, so that money comes out and then you see your net is this much and your growth, you ever worked over time and then you like, what the hell have some of my money?
35:39
[SPEAKER_02]: Yep, it's gone.
35:40
[SPEAKER_05]: It's gone.
35:41
[SPEAKER_05]: Like, yeah, as a 1099 contract that we don't even care about over time.
35:47
[SPEAKER_05]: Although our money is coming to us up front, we just negotiate higher so that we could take more time more.
35:52
[SPEAKER_05]: So I like to say like we're buying back more time by negotiating higher, right?
35:57
[SPEAKER_05]: And then we're writing off what we need to write off, which is ordinary expenses anyways.
36:01
[SPEAKER_05]: So and then there's better
36:06
[SPEAKER_05]: When you reach a certain level of making a lot of money, you start thinking different.
36:12
[SPEAKER_05]: You're like, okay, how else can I reduce my taxable income?
36:16
[SPEAKER_05]: You have things like non-profits that you can do.
36:18
[SPEAKER_05]: You have things like starting a business.
36:21
[SPEAKER_05]: You have things like, um...
36:25
[SPEAKER_05]: Start in your own telemedicine practice, which is like equivalents of starting business as well.
36:29
[SPEAKER_05]: You can still do 1099 contracts and be able to start your own business.
36:34
[SPEAKER_05]: You can also do the retirement strategy, where instead of the money going to the government, the money is going to your retirement.
36:41
[SPEAKER_05]: You're set by Ari, or solo 411K account.
36:45
[SPEAKER_05]: You can hire your children.
36:49
[SPEAKER_05]: you can get more employees and you could start doing things that just makes sense for you.
36:54
[SPEAKER_05]: Like for me, I could tell you what I do.
36:55
[SPEAKER_01]: Right.
36:56
[SPEAKER_05]: So I'm a travel content creator and I'm also a 1099 contractor.
37:01
[SPEAKER_05]: but I also have my coach, right?
37:05
[SPEAKER_05]: So everything I do on social media, including being on this podcast is a ride off my makeup, my outfit, everything my jewelry, everything that I have on is a ride off.
37:15
[SPEAKER_05]: So I think beyond just the driving the car, mileage, I think beyond those strategies, right?
37:21
[SPEAKER_05]: I'm flying out to Miami, my flight is a ride off.
37:25
[SPEAKER_05]: right I'm doing I'm doing things that allow me to grow my business those are right off.
37:30
[SPEAKER_05]: So like again you got to think about it like we don't care about the government.
37:35
[SPEAKER_02]: Yeah, yeah, it makes sense to me what it sounds like you know a nurse practitioner you're already making money you can make even more money just by being 1099 because they's like you're already playing in you know 200,000 but
37:52
[SPEAKER_02]: you know 50,000 might have gone to the government, you know, you didn't even make much.
37:57
[SPEAKER_05]: Yeah, so I get people at the time, well, I make this much, I'll be like, gross a net.
38:01
[SPEAKER_02]: That is a good question right here.
38:03
[SPEAKER_02]: So I do have two questions now, right?
38:07
[SPEAKER_02]: First things first, how can a nurse practitioner go out there and set themselves up to properly execute on this?
38:14
[SPEAKER_02]: Like for example,
38:15
[SPEAKER_02]: They may go out and fill out their first application and get their first 1099 contract.
38:20
[SPEAKER_02]: Yeah.
38:20
[SPEAKER_02]: Are they putting their own name or they're putting their LLC or they're putting their S-Corp?
38:26
[SPEAKER_02]: Like, how can the nurse practitioner go out there and really set themselves up to become a business owner and really say more money?
38:32
[SPEAKER_05]: Yeah.
38:33
[SPEAKER_05]: So I would say that one of my mistakes when I first started was I owed $30,000 in taxes when I first started.
38:41
[SPEAKER_02]: And what was your gross income?
38:43
[SPEAKER_05]: Honestly, I can't really remember.
38:45
[SPEAKER_05]: But I want to say it was close to, I don't even think it was 200,000, yeah, I think it was close to it though, because this was back in 2019, we talked about.
38:56
[SPEAKER_05]: And one of my mistakes was being happy to have a job that paid more.
39:00
[SPEAKER_05]: And I feel like that's where a lot of nurse practitioners I work with, prior to them working with me, they're like, I just got a job that pays more.
39:11
[SPEAKER_05]: How much of that is yours?
39:13
[SPEAKER_05]: right?
39:13
[SPEAKER_05]: That's the one thing that matters first.
39:16
[SPEAKER_05]: So I didn't have an LLC.
39:18
[SPEAKER_05]: I didn't wasn't operating like a business.
39:20
[SPEAKER_05]: It's simply as simple as operating as a business, because if you don't know how to operate as a business, you don't know.
39:24
[SPEAKER_05]: You're thinking all of that money is yours, and it's not.
39:28
[SPEAKER_05]: Right.
39:28
[SPEAKER_05]: You have to figure out what to do with that money.
39:30
[SPEAKER_05]: Okay?
39:31
[SPEAKER_05]: So...
39:32
[SPEAKER_05]: I didn't have an LLC.
39:33
[SPEAKER_05]: So I had to literally get an LLC, right?
39:37
[SPEAKER_05]: It make sure it's not a name that's taken.
39:41
[SPEAKER_05]: Regardless, I don't care if you're just doing it just for contracting.
39:43
[SPEAKER_05]: Some people are doing it to start their own business.
39:45
[SPEAKER_05]: Some people are doing it just to like save on taxes and stuff like that.
39:50
[SPEAKER_05]: You still want to make sure that that LLC's not taken by doing the train marks.
39:56
[SPEAKER_05]: OK, right, looking and see where if anybody has that name or trademark that name, that's number one, then you can go ahead and formulate that LLC.
40:04
[SPEAKER_05]: Another thing is, people are using their personal address.
40:07
[SPEAKER_05]: I shouldn't be able to Google your LLC and me like, oh, that's your home.
40:11
[SPEAKER_05]: I'm going to go there and write.
40:13
[SPEAKER_05]: So they're using their personal address instead of a business address.
40:16
[SPEAKER_05]: That's a lot of problems right there.
40:18
[SPEAKER_05]: And then third, they're co-mingling funds.
40:20
[SPEAKER_05]: So co-mingling means basically mixing personal and business expenses together.
40:24
[SPEAKER_05]: And now your money is just all over the place.
40:26
[SPEAKER_05]: There's no real system behind it.
40:28
[SPEAKER_05]: So they're like, okay, like I'm operating at, and this was me.
40:31
[SPEAKER_05]: So I can speak from this standpoint.
40:33
[SPEAKER_05]: Like I was operating as a On my personal side I was using my regular bank of America debit card that is on my personal name I have my social security not an EIN number one the W9 form and that's just that's just how it was for me And I thought that all the money that I got was mine
40:54
[SPEAKER_05]: Yeah, so when you become a 1099 contract that you have to have things structured like a business who have to operate on that LLC That's how people all the time you want to separate yourself from the business.
41:05
[SPEAKER_05]: Absolutely.
41:06
[SPEAKER_05]: Ebony is Ebony the business is business The business pays Ebony.
41:10
[SPEAKER_05]: That's literally my mindset.
41:12
[SPEAKER_05]: What can Ebony what does Ebony own versus what does the business have?
41:17
[SPEAKER_05]: Right?
41:17
[SPEAKER_05]: Because what contractors a lot of the things aren't on the business side, which is good, but you still have to have that separation, because the IRS will order you, and that's what happens to me.
41:28
[SPEAKER_02]: So, Sonami, actually a question now, so, you know, you working on these hours, you know, co-mingling funds was an issue for you.
41:37
[SPEAKER_02]: How do you go out there and effectively pay yourself?
41:40
[SPEAKER_02]: So that way, you know, you can start having W2s.
41:44
[SPEAKER_02]: You can start having like a pay stub to provide, you know, people want cars, they want houses, they want credit cards, they want apartments, they want things like that.
41:53
[SPEAKER_02]: But, you're like, you're a nurse practitioner, but,
41:57
[SPEAKER_02]: I don't see no reason to pause.
41:59
[SPEAKER_02]: It's like how does a person go out there and it's like funny because there's different ways.
42:03
[SPEAKER_05]: Like so the biggest thing is that once you start looking like you're earning more money And I would say I say this to a lot of nurse practitioners if you're going full time 1099 just go ahead and create the escort
42:16
[SPEAKER_05]: Get your LLC taxes and that's corporation because your earning potential is going to be high.
42:23
[SPEAKER_05]: You already know you're going to get contracts and stuff like that.
42:26
[SPEAKER_05]: It's definitely specialty dependent because I wouldn't tell the person that's in maybe like a neonatal NPE.
42:32
[SPEAKER_05]: They don't get a lot of 1099 opportunities, so they probably will have to keep their W2 job.
42:37
[SPEAKER_05]: And make that that 1099 on the side.
42:40
[SPEAKER_05]: And if as long as the W2 is higher than the 1099,
42:46
[SPEAKER_05]: If you're a 1099 contractor and you're earning potential or higher and that's all you do and you have untax income coming in, you're going to make over that goal of 40,000, I think it's 50, whatever.
42:58
[SPEAKER_05]: You're earning potential, right?
43:00
[SPEAKER_05]: But your earning potential is going to be higher.
43:02
[SPEAKER_05]: So go ahead and create that escorporation so that you can now put yourself on payroll and pay yourself as an employee.
43:09
[SPEAKER_02]: Is this something that person is a CPA or can they do it on their own?
43:15
[SPEAKER_02]: As far as what like paying yourself weekly, bookkeeping.
43:19
[SPEAKER_05]: Yeah, it is, so it's, it's the, I would never replace the CPA.
43:24
[SPEAKER_05]: Okay, but I think that every nurse practitioner needs to understand their money.
43:28
[SPEAKER_05]: Everybody, not nurse practitioners, everybody can understand how they money flows and your CPA is there to guide you as well along the way.
43:36
[SPEAKER_05]: So me and my CPA, we're hand in hand, I love my CPA.
43:40
[SPEAKER_05]: I come in with the strategies like, hey, do you think I should do this or do that?
43:45
[SPEAKER_05]: And she is great too, because not another thing is not every CPA is a good CPA need there.
43:49
[SPEAKER_05]: Right?
43:50
[SPEAKER_05]: So like, I...
43:52
[SPEAKER_05]: I didn't owe $30,000 because I didn't have a CPA.
43:56
[SPEAKER_05]: I owe $30,000 because I didn't have the knowledge.
43:59
[SPEAKER_05]: So when my CPA was like, what business expenses you had, I was like, what are you talking about?
44:04
[SPEAKER_05]: That's different.
44:06
[SPEAKER_05]: So if you don't have the knowledge behind these things of business expenses, bookkeeping, how to set yourself up.
44:12
[SPEAKER_05]: And your CPA is not here telling you, you have to have a good CPA that's here to tell you these are the things that you should be doing.
44:21
[SPEAKER_05]: You lose.
44:22
[SPEAKER_05]: I had a CPA before I became a 1099 contract though.
44:25
[SPEAKER_05]: I had a fam.
44:26
[SPEAKER_05]: I have a family that's a CPA and you would think that like yeah, whatever, like it's pretty good, but that family member told me not to do 1099 contract and and scared me out of it.
44:38
[SPEAKER_05]: And that's because that family member lacked understanding of 1099 contract and there's some CPS that I like that too.
44:46
[SPEAKER_05]: Right.
44:46
[SPEAKER_05]: Right.
44:47
[SPEAKER_05]: The second one told asked me what business I don't know.
44:49
[SPEAKER_05]: Like what a business is.
44:50
[SPEAKER_05]: I don't know what business offense was not.
44:52
[SPEAKER_05]: My third CPA I went in with like look, I had no this stuff.
44:56
[SPEAKER_05]: I know that something is wrong.
44:58
[SPEAKER_05]: I need you to help me guide me throughout the way.
45:00
[SPEAKER_05]: And we just been hand in hand.
45:02
[SPEAKER_05]: So having knowledge of your finances is what matters the most.
45:06
[SPEAKER_05]: And I just tell you, like, if you know you're going to be a 1099 contractor, your earning potential is higher, you're already on contracts, go ahead and get the LLC taxes as corp save you so money.
45:17
[SPEAKER_05]: Yes.
45:18
[SPEAKER_05]: Mm-hmm.
45:18
[SPEAKER_05]: And you save money by paying yourself as a W2.
45:21
[SPEAKER_02]: Yes.
45:21
[SPEAKER_02]: You're not paying taxes two times.
45:24
[SPEAKER_05]: No, so you're not paying so the other the other side of things is called a past tool entity so it's like you basically having business deductions on that side, but the W tool is already paying taxes because once you're a W tool you're paying social security Medicare federal state taxes some people don't pay state taxes because the state.
45:42
[SPEAKER_05]: doesn't charge them.
45:43
[SPEAKER_05]: But you're already paying that stuff.
45:45
[SPEAKER_05]: So that's coming through.
45:46
[SPEAKER_05]: So if you're looking to reduce your taxable income the strategy can be the following of paying yourself as an employee, retirements, business deductions, those are ways to do so.
45:58
[SPEAKER_05]: This obviously a lot more ways.
46:01
[SPEAKER_05]: This tax code is great.
46:02
[SPEAKER_05]: I really started studying it like for real.
46:04
[SPEAKER_05]: I was like, ah,
46:06
[SPEAKER_05]: I'm not about to get me in $30,000, yeah.
46:09
[SPEAKER_02]: Wait, so what did you do to get around that third day?
46:13
[SPEAKER_02]: You paid it, so you had to pay it.
46:15
[SPEAKER_05]: It was too late, one should text as a spa.
46:17
[SPEAKER_05]: You can't be like, oh, no, no, no, no.
46:19
[SPEAKER_02]: You can't, you couldn't amend it.
46:22
[SPEAKER_05]: No, so there's something like you can do, um, you can do, uh, not, not you, like get yourself together.
46:33
[SPEAKER_02]: Yeah, you got to get things ready.
46:34
[SPEAKER_05]: Um, you can extend it.
46:36
[SPEAKER_05]: Like you can file for extension.
46:38
[SPEAKER_05]: Okay.
46:38
[SPEAKER_05]: Yes, but like once it's like, okay, we're good on the numbers.
46:42
[SPEAKER_05]: Yeah, file, that's it.
46:46
[SPEAKER_05]: As far as I know, but I'm pretty sure I'm right.
46:48
[SPEAKER_00]: Okay, okay, that 30,000 basically turned you to a CPA.
46:52
[SPEAKER_05]: Yeah, I want to say that.
46:56
[SPEAKER_05]: I said no, I need to, I need to, I need to, I need to know my numbers.
47:01
[SPEAKER_05]: So every month, I pay attention to things like my bookkeeping, make sure my books is the order.
47:07
[SPEAKER_05]: I pay attention to my profit and loss.
47:08
[SPEAKER_05]: I actually have a bookkeeper, so I mean, I say like, I pay attention.
47:11
[SPEAKER_05]: I do pay attention to it, but I'm not, I'm not doing my book.
47:14
[SPEAKER_05]: I'm not categorizing things.
47:15
[SPEAKER_05]: I have a bookkeeper that does that.
47:16
[SPEAKER_05]: I meet with my CPA and it's just like a knowledge-based relationship.
47:21
[SPEAKER_05]: I know what's going on with my money Right, right, right.
47:24
[SPEAKER_05]: I know if I need to take a W2 contract if I want it to because that's a way to reduce your taxable income to Because there's W2 contracts that I can actually do to reduce it as well So I know that stuff like the CPA didn't have to tell me that stuff, but I know Not that's amazing because at the same time and I was like
47:43
[SPEAKER_00]: your mentees get tax tax savings strategies as well as contract how to make someone money so it's like all in one yeah and then I connect them with my CPA tool because she's bomb like so it's like yeah because some people have a hard time finding a reliable one so it's like all right you get everything right that's good I didn't want to act too because you know a lot of people who do they they do
48:13
[SPEAKER_00]: A lot of them are sitting back and you're thinking about retirement.
48:17
[SPEAKER_00]: I know you mentioned the briefcase now.
48:21
[SPEAKER_00]: It's like 1099 a long-term thing.
48:24
[SPEAKER_00]: Like how could they make sure that they secure enough for retirement?
48:29
[SPEAKER_00]: Because that's what keeps a lot of people stuck in the W2.
48:32
[SPEAKER_00]: Oh, I got to work 10 more years, you know?
48:34
[SPEAKER_00]: And then, you know, how does it work in that?
48:37
[SPEAKER_05]: Yeah, so most, um, that's so funny.
48:39
[SPEAKER_05]: The way I study, the way my artwork is so crazy.
48:43
[SPEAKER_05]: Like, this is like, man, I don't even know how to explain it.
48:47
[SPEAKER_05]: So most jobs, they have a target based fun.
48:50
[SPEAKER_05]: Like, okay.
48:51
[SPEAKER_02]: What's that?
48:52
[SPEAKER_05]: That's basically where you date.
48:54
[SPEAKER_05]: You're working in that job.
48:55
[SPEAKER_05]: You get a full on K and they have a target base of when you're going to retire.
48:59
[SPEAKER_02]: Okay.
49:00
[SPEAKER_05]: And that's what you hear.
49:00
[SPEAKER_03]: It's like projections.
49:02
[SPEAKER_05]: Projections.
49:02
[SPEAKER_03]: Yeah.
49:03
[SPEAKER_05]: That's what you hear.
49:03
[SPEAKER_05]: That was 65.
49:04
[SPEAKER_05]: Like retire when you're 65.
49:05
[SPEAKER_05]: So that's what most people do, right?
49:07
[SPEAKER_05]: So the good thing about
49:09
[SPEAKER_05]: Tonight, I'm contracting is that you can literally create retirement plans.
49:13
[SPEAKER_05]: I'll give you one place a set by RA that you can create on the set by RA every year for the most part, it goes up with how much you can contribute to it and it's way higher.
49:25
[SPEAKER_05]: then what you would be contributing to a job.
49:27
[SPEAKER_05]: So if you're able to max that out every single year, again, I'm big on buying back your time, right?
49:33
[SPEAKER_05]: But you have to invest your money to buy back your time.
49:36
[SPEAKER_05]: So if you're able to max that out every single year, you're looking to buy back more time.
49:43
[SPEAKER_05]: I wanna say, and don't quote me on this, I wanna say you can contribute.
49:48
[SPEAKER_05]: 25% of your income or 69,000 for a supply array per year.
49:55
[SPEAKER_05]: Don't quote me on that, right?
49:57
[SPEAKER_05]: Don't judge me if I'm wrong y'all.
49:59
[SPEAKER_05]: But you can do, if you can be able to max that out, like put your money into that, then that'll be good.
50:06
[SPEAKER_05]: And the other one is the solo 401k, too, because people think that you don't have a 401k as a tenant on your contract, though.
50:12
[SPEAKER_05]: You have something called a solo 401k where the business manages that retirement plan.
50:17
[SPEAKER_05]: Right, and then you can also contribute as an employee.
50:20
[SPEAKER_05]: Same like how W2 is, except you're now the business and you can make that contributions as well.
50:27
[SPEAKER_05]: So you have that.
50:27
[SPEAKER_05]: So the more you can max that out, the more you can buy that more time.
50:34
[SPEAKER_05]: Mm-hmm.
50:34
[SPEAKER_05]: And anybody, whether you a W2 or 10, anybody could create a Roth IRA.
50:38
[SPEAKER_05]: Everybody know about that one, though.
50:40
[SPEAKER_00]: Yeah.
50:40
[SPEAKER_00]: And this is the one with the, um,
50:42
[SPEAKER_00]: It's after tax after the money is, is it already taxed, right?
50:46
[SPEAKER_04]: That was tax dollars.
50:48
[SPEAKER_00]: That's, that's amazing.
50:50
[SPEAKER_00]: It's like you kind of like in control of basically everything.
50:53
[SPEAKER_04]: Yeah.
50:54
[SPEAKER_02]: It's still like you said at the beginning of the pot, you know, still be able to show up at work, you know, and enjoy what you do, but you're more smart about it.
51:04
[SPEAKER_02]: Yeah.
51:05
[SPEAKER_05]: I created a system around my retirement.
51:08
[SPEAKER_05]: I created a system around my paystubs.
51:11
[SPEAKER_05]: I created a system around how I work these contracts when I want to work through contracts.
51:15
[SPEAKER_05]: I created a system around my licenses as well.
51:18
[SPEAKER_05]: Like what license I want to get like when I need to renew my license and so on.
51:23
[SPEAKER_05]: Yeah.
51:24
[SPEAKER_02]: Wow.
51:24
[SPEAKER_05]: It works.
51:25
[SPEAKER_02]: So where do you see a lot of, because you know, some people may not be able to keep
51:33
[SPEAKER_02]: you know, especially like the taxes, all the other systems around it, like where do you see people usually drop in them ball most times?
51:42
[SPEAKER_02]: Like as far as, like keeping them close, yeah, keeping them up as it's in another contract, because remember as it as a W2 employer, they're covering a lot of stuff, you got to HR, you talk to that, listen, this is what that is, like as a as a 1099 contractor,
51:59
[SPEAKER_02]: How do a, like, how does a person go out there and actually affect the, you know, still be able to?
52:05
[SPEAKER_05]: So I feel like, here's the thing, like, 1099 contracting is not long time unless you make it that way, right?
52:12
[SPEAKER_05]: If you're in a state that doesn't have contracting opportunities, you're going to have to travel.
52:17
[SPEAKER_05]: If that's not your thing to do, try to find a telehealth and be a volume based provider and get 10 to 15, 30, 30 license and just see patients that way as the 1099 contract that.
52:28
[SPEAKER_05]: It is a lot of, a lot of licensees are in cheap need there versus getting a good solid to the three licenses that you can work with to do low-come contracts, which the only downfalls that you have to travel.
52:42
[SPEAKER_05]: If you're a person that's like, I don't mind traveling or you're a person that's in a state that have a lot of opportunities you never have to go anywhere.
52:48
[SPEAKER_05]: So that's one of the things that I feel like
52:52
[SPEAKER_05]: When people think about doing 1099 contracting, you have to remember these things, right?
52:56
[SPEAKER_05]: You also have to set a goal, right?
52:58
[SPEAKER_05]: 1099 contracting will work for you, as long as you let it work for you, right?
53:03
[SPEAKER_05]: If a lot of my mentees that do 1099 contracting, they use it, they get business funding, and they end up just using that money to start their business, and then 1099 becomes the side hustle.
53:16
[SPEAKER_05]: that's it.
53:18
[SPEAKER_05]: So a lot of them they do that.
53:20
[SPEAKER_05]: Others, they're just like I want to be able to have more freedom, more flexibility, I want to be able to travel the world.
53:26
[SPEAKER_05]: I have a mentee right now that lives in Ghana and built her house from the ground up with her 1099 money.
53:34
[SPEAKER_05]: In Ghana and she lives there and she does cash-based telehealth practice.
53:38
[SPEAKER_05]: Like she has her cash-based telehealth practice that she does, right?
53:43
[SPEAKER_05]: So it's how you make it.
53:44
[SPEAKER_05]: My goal might be different than your goal might be different than your goal and then you also have to map out how long you want to do it for, right?
53:53
[SPEAKER_05]: So when I first started, I was working 12 months out of the year in 2019.
53:57
[SPEAKER_05]: Then I'm like, hmm,
54:00
[SPEAKER_05]: started a business.
54:01
[SPEAKER_05]: And I was like, what does it look like for me to go all in on a business?
54:05
[SPEAKER_05]: That allowed me to work six months and focus on my business for the rest of the six months.
54:11
[SPEAKER_05]: Now, the past three years, I've been PRN and just focus on the business and I'll just pick contracts whenever I want to.
54:18
[SPEAKER_05]: So that works for me, right?
54:21
[SPEAKER_05]: Because my goal was to make sure that my business is able to earn more than me working as a nurse practitioner, but I never wanted to give up working
54:30
[SPEAKER_05]: Other people goals might be like, I want to do contracting, make a lot of money, get a business line of credit, start my business, and then just go full force into entrepreneurship and forget about $10.99.
54:40
[SPEAKER_05]: So that might be a year for them to do that, right?
54:43
[SPEAKER_05]: Other people are just looking to balance both, come back to the state, live overseas, like one of my mentees, come back to the states and do local contracting for three months, go back overseas, live overseas.
54:57
[SPEAKER_05]: So it's how you, it's really how you make it, yeah, how what works for you and how you make it work for you.
55:03
[SPEAKER_02]: But essentially, I use in the contracts to fund as a vehicle, you gotta use the contracts as a wealth vehicle.
55:11
[SPEAKER_00]: Yes, I feel like that like that's a better option than just being just a staff like a staff MP because it's like the options is really limited But now it's so much flexibility that comes with 1099 that you know you could kind of
55:28
[SPEAKER_00]: Make it however you want like you say so I like that part about it.
55:32
[SPEAKER_05]: You'll be a perfect tonight What yeah, you will be a perfect tonight.
55:39
[SPEAKER_05]: It's on w2 contracts with ten nine nine Fun then fun and he does fun fun then fun, right?
55:47
[SPEAKER_05]: that would have gone crazy but yes so some people use it as a funding strategy too because if you think about it the money is coming into the business because you should have a business bank account that's another thing I want to say earlier you should have a business bank account the money is coming in the banks don't care like oh they don't care that you're 1099 contract they just care about the money coming in they're looking at it like whoa you're making
56:09
[SPEAKER_05]: $50, $60 to say $10, $20, $30, $1, $1, $1, $3, $1, $1, $1, $1, $1, $1, $1, $1, $1, $1, $1, $1, $1, $1, $1, $1, $1, $1, $1, $1, $1, $1, $1, $1, $1, $1, $1, $1, $1, $1, $1, $1, $1, $1, $1, $1, $1, $1, $1, $1, $1, $1, $1, $1, $1, $1, $1, $1, $1, $1, $1, $1, $1, $1, $1, $1, $1, $1, $1, $1, $1, $1, $1, $1, $1,
56:35
[SPEAKER_05]: So it's a strategy, so well vehicles, it's a strategy, so that you're not like I got to quit my job, culture key to start this business.
56:41
[SPEAKER_00]: Yeah.
56:42
[SPEAKER_05]: Just pick up a contract.
56:43
[SPEAKER_00]: That's a fight.
56:44
[SPEAKER_00]: That's a good idea.
56:46
[SPEAKER_00]: For like, let's say like somebody, you know, they're doing 1099 and, you know, eventually,
56:53
[SPEAKER_00]: You know, they are saving a lot of money on taxes.
56:55
[SPEAKER_00]: You know, they get paid through the business account.
56:57
[SPEAKER_00]: But now they want to buy like a house.
56:59
[SPEAKER_00]: Like, they want to get like a certain car and things that, you know, where they're going to have to show like a proof of income.
57:06
[SPEAKER_00]: Like, would they have to just pay themselves like a whole lump sum?
57:10
[SPEAKER_00]: Like, let's say they ended up not, well, not paying themselves like a certain amount.
57:16
[SPEAKER_00]: And everything's just in the business account.
57:18
[SPEAKER_05]: So the strategy that you talk about is the S corp strategy where you pay yourself a W tool so that there's different ways to get, but there's also different ways to get loans too like because you have business known car loans you could get it through the business remember that but then you could for how home buying process you got the the first time home buys and you got the conventional loan you can get that through the business as well but if you're going like for the first time home buying that you have to pay yourself a W tool so that you're showing because they care about that they care about what you have on the next side.
57:48
[SPEAKER_05]: like I'm flipping at me.
57:49
[SPEAKER_05]: I went for the home buying process and it was just like, oh, this is the beginning when I didn't have my stuff set up.
57:55
[SPEAKER_05]: It was just like, oh, they don't care that I make this amount.
57:58
[SPEAKER_05]: They care about what I made here.
58:00
[SPEAKER_05]: And so the good thing is about is that you get to determine like how much, if you put that you pay yourself a lot, do know that taxes are being taken out.
58:08
[SPEAKER_05]: But I mean, you were qualified for a better loan.
58:11
[SPEAKER_05]: So it has his ways of working through that.
58:14
[SPEAKER_05]: And if you're like, nah, I'm not trying to do that.
58:16
[SPEAKER_05]: I want to keep the W2's side low because I'm more business oriented and I want to focus on growing that side.
58:22
[SPEAKER_05]: Then there's conventional loans, there's business loans, auto loans and things like that because they look specifically at how the business is doing.
58:30
[SPEAKER_04]: Mm-hmm.
58:31
[SPEAKER_05]: That's how my home girl got a triple a duplex.
58:35
[SPEAKER_05]: No triplex.
58:36
[SPEAKER_05]: That's what's called.
58:37
[SPEAKER_04]: Yeah.
58:37
[SPEAKER_04]: Yeah.
58:37
[SPEAKER_04]: Yeah.
58:38
[SPEAKER_05]: She just got it.
58:39
[SPEAKER_05]: She's a travel doctor 1099 contractor.
58:42
[SPEAKER_05]: She's not a nests core.
58:44
[SPEAKER_05]: She's show business income like 1099 income.
58:49
[SPEAKER_02]: So also another thing I did want to touch on too, because you know, a lot of nurse practitioners may want to leave their their their staff job, but the biggest concern is like, you know, I'm still around patients every day, you know, I have a high chance of getting sick like how do they go out there and actually.
59:08
[SPEAKER_02]: cover their own health insurance at this point because working with sick patients after you know that's a good enough to have a husband and you know put them on their insurance.
59:19
[SPEAKER_02]: How can they go out there and get health insurance as a nurse practitioner?
59:23
[SPEAKER_05]: Right, so remember in the beginning, I told you there's W2 low guns.
59:27
[SPEAKER_05]: They don't operate much different than W2 staff, but you can still work whenever you want to.
59:33
[SPEAKER_05]: So if your goal is like, I want to work whenever I want to, but I also need the health insurance, they also have retirement plans too.
59:40
[SPEAKER_05]: So your goal is to stick with that agency, and there's some good agencies out there.
59:44
[SPEAKER_05]: Stick with that agency that will give you that those of what you need.
59:49
[SPEAKER_05]: So there's work around around it.
59:50
[SPEAKER_05]: You just, you gotta stick with that agency.
59:52
[SPEAKER_05]: You're going to get paid higher than the staff MP you're going to get take take your time off whenever you want to and stuff, but you would just have to stick with W to agencies now can you alternate between the two like some people that I know there.
1:00:08
[SPEAKER_05]: Expecting right there you want to get pregnant and whatever they would do W to low comes and stay with that agency Where they cover their their maternity and stuff like that and then once they give birth and after that They can go back to 1099 so this weighs around it because if you think about it like with W to stuff You're stuck in that job until the year is up if that's a year contract you're in right Whereas 1099 you can alternate that you could be like okay I just want this and that but if you're like I need health insurance all the time.
1:00:36
[SPEAKER_05]: I'm very sick
1:00:38
[SPEAKER_05]: and W Soul Locums is the way to go.
1:00:41
[SPEAKER_05]: you'll still have your freedom flexibility, you'll still be able to build your retirement, you'll still get paid more.
1:00:47
[SPEAKER_05]: It's just that, unfortunately, that's the way you have to go.
1:00:50
[SPEAKER_05]: For $10.99, you can do private insurance.
1:00:55
[SPEAKER_05]: I have a private insurance, but it's a lot of private insurance companies that you can go through to be able to get private insurance.
1:01:06
[SPEAKER_05]: I think it's
1:01:10
[SPEAKER_02]: No, people are, I think these actions are people playing.
1:01:13
[SPEAKER_05]: I was thinking about those, you don't have to pee pee pee.
1:01:16
[SPEAKER_05]: Oh no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no,
1:01:31
[SPEAKER_05]: Mm-hmm, and then you go also open up a health savings account and contribute to that and this a lot behind it But you can open up a health savings account contribute to that and use that card for your medical co-pays and all that stuff And if you wanted to invest it, you can as well
1:01:47
[SPEAKER_02]: Like that right there for me, you know, I'm not even a nurse practitioner, but you know, not only just nurse practitioners, but a lot of entrepreneurs and business owners, they won't make sure they got health insurance.
1:01:59
[SPEAKER_05]: You know, it's so funny.
1:02:00
[SPEAKER_05]: So like, I work with a lot of amazing people and they're like, yo, I know you target nurse practitioners, but you're strategy works.
1:02:09
[SPEAKER_05]: They come to my conference because I have people that you do the cameras, they own business and I learn so much at your conference because it applied to them.
1:02:20
[SPEAKER_05]: It's just the title says nurse practice.
1:02:22
[SPEAKER_03]: Yeah.
1:02:23
[SPEAKER_05]: It applies to business owners.
1:02:25
[SPEAKER_05]: Yeah.
1:02:26
[SPEAKER_02]: So let me ask you a question.
1:02:27
[SPEAKER_02]: I mean, how do you learn all of this?
1:02:29
[SPEAKER_02]: I mean, I was thinking that.
1:02:30
[SPEAKER_05]: You know what I mean?
1:02:32
[SPEAKER_02]: How did I learn?
1:02:33
[SPEAKER_05]: I knew I didn't want to go back to a nine or five.
1:02:36
[SPEAKER_05]: What makes people go back as well to working as a nine to five is the lack of knowledge.
1:02:45
[SPEAKER_05]: When you like, oh, no, I don't want to go back to a nine to five.
1:02:49
[SPEAKER_05]: I like my freedom.
1:02:50
[SPEAKER_05]: I like my flexibility.
1:02:52
[SPEAKER_05]: I like making more money.
1:02:53
[SPEAKER_05]: I like the option to choose when I want to work.
1:02:56
[SPEAKER_05]: I like the option to just decide if I want to start a business today or just like I want to be overseas for six months.
1:03:03
[SPEAKER_05]: And that's it.
1:03:04
[SPEAKER_05]: When you have that mindset and once the like I always say, the light bulb goes off, you're not looking at income regular anymore.
1:03:13
[SPEAKER_05]: Right, so then you start to look at it as a well-building strategy and you're like, okay, how can I go about this?
1:03:19
[SPEAKER_05]: So like, because I lacked knowledge, I didn't, when I first started $30,000, I had no health insurance, I had no retirement plan.
1:03:28
[SPEAKER_05]: Hmm.
1:03:28
[SPEAKER_05]: Nothing.
1:03:30
[SPEAKER_05]: And I was just like, nah, I'm not going back, but I got to figure this out.
1:03:34
[SPEAKER_05]: So once I decided that I needed to figure this out, was when I started studying.
1:03:41
[SPEAKER_05]: That's how I look at a text code.
1:03:42
[SPEAKER_05]: I started looking at how health insurance work.
1:03:44
[SPEAKER_05]: I started looking into everything retirement plan.
1:03:46
[SPEAKER_05]: I started looking into that for knowledge.
1:03:48
[SPEAKER_05]: I'm like a knowledge junkie too at the same time.
1:03:51
[SPEAKER_05]: I cannot have just been like, oh, let me get a financial advisor.
1:03:55
[SPEAKER_05]: Let me get a CPA.
1:03:56
[SPEAKER_05]: Let me get, you know, could I have done this stuff?
1:03:58
[SPEAKER_05]: And I did that stuff.
1:03:59
[SPEAKER_05]: I've done that stuff too.
1:04:01
[SPEAKER_05]: Because it's easier when a system
1:04:03
[SPEAKER_05]: right to help like now you you know like you hand that stuff off to people right so like now you're just like that's just what it is now but like for me if I'm making X amount a month I want to know what I'm gonna do with that money yeah that's it that's how it was for me like
1:04:24
[SPEAKER_05]: me and my CPA work together to build a strategy to not old anything in taxes, you should be going into the new year knowing that you don't old.
1:04:33
[SPEAKER_02]: And taxes.
1:04:34
[SPEAKER_05]: And taxes.
1:04:35
[SPEAKER_05]: I'm confidently following my taxes this year and I'll know.
1:04:39
[SPEAKER_02]: So let me actually look at that question.
1:04:42
[SPEAKER_02]: So who's on your team, you know, like, because you can't do all of this by yourself, you know, like.
1:04:50
[SPEAKER_02]: Who's on your team like some of the key players that you have to be able to, you know, make you shine and be the superstar in your own life and your own business, like, how is that, like, business of Sanatina?
1:05:05
[SPEAKER_02]: Let's do business.
1:05:06
[SPEAKER_02]: And the second question is, like, we started a new year, like, as a nurse practitioner, like, how are you preparing for this year?
1:05:14
[SPEAKER_02]: So that way you
1:05:16
[SPEAKER_02]: and actually maximize based off of whatever goals you've done.
1:05:19
[SPEAKER_05]: Yeah, that's a good question.
1:05:20
[SPEAKER_05]: So business wise, because I'm not a person that struggle with content creation or showing up online.
1:05:27
[SPEAKER_05]: And that's the only thing I want to do.
1:05:29
[SPEAKER_05]: So I want to just show up online.
1:05:31
[SPEAKER_05]: I want everything else on the back end to just work.
1:05:34
[SPEAKER_05]: And like on this own, and that's going to be hiring help.
1:05:37
[SPEAKER_04]: Yeah.
1:05:37
[SPEAKER_05]: So, yeah, we have a sales team on our back end that answers all of our calls, like if a person wanted to contact me to get secure 1099 contracts or get a better understanding on how they should operate as a 1099 contractor, we have a sales team on our end.
1:05:52
[SPEAKER_05]: So, like they will enter a director and enrollment with answer the calls and we'll like tell them about our different type of coaching programs and things like that.
1:06:00
[SPEAKER_05]: So, that's how we operate on that.
1:06:02
[SPEAKER_05]: I just show up and give information and that's enough for me.
1:06:04
[SPEAKER_05]: on my end.
1:06:06
[SPEAKER_05]: If I, even if you don't become one of my coaching clients, if I was able to give you valuable information, I didn't have in 2019, I already did my job.
1:06:17
[SPEAKER_05]: So that's just how it is, just showing up and giving value and just being real with the people.
1:06:22
[SPEAKER_05]: As far as me being a 1099 contractor, how I plan my year out, number one, I use a profit first strategy, I don't know if you guys are aware of it, but pretty much it's pretty much, you should have different types of accounts for a different kind of income accounts, different income buckets that you put your money into.
1:06:41
[SPEAKER_05]: So first thing first, like if I had to have done that strike contract, I already know what my earning potential would have been for the month of January because I would have,
1:06:48
[SPEAKER_05]: I sound the contract right so once you sound a contract you already know your earning potential So I'm looking at it like, okay, how much does Ebony want to pay herself?
1:06:58
[SPEAKER_05]: How much does Ebony want to keep in her business?
1:07:00
[SPEAKER_05]: How much does Ebony want to put towards?
1:07:02
[SPEAKER_05]: I have a freedom fund like so that like if I want to take time off I'm not pulling from other accounts.
1:07:08
[SPEAKER_05]: I'm pulling directly from that funding that fund so that I can have fun
1:07:13
[SPEAKER_05]: What you call the FU money or whatever the case may be, I have a account for that and then I have a savings account as well.
1:07:21
[SPEAKER_05]: And I have a tax account as well.
1:07:23
[SPEAKER_05]: So those are the different types of accounts that I have that I set up because I know that this contract is only for one month, and I'm going to make this amount and this is how much I'm going to take.
1:07:31
[SPEAKER_05]: as an untax money.
1:07:34
[SPEAKER_05]: So I set that up.
1:07:35
[SPEAKER_05]: I already have contracts that I worked that I already have things set up already because I already know like if I work five shifts, this is how much is gonna bring me per month.
1:07:45
[SPEAKER_05]: This is how much I want to be able to pay myself.
1:07:47
[SPEAKER_05]: Do I even want to pay myself?
1:07:49
[SPEAKER_05]: Maybe it's a I'm doing a business expense.
1:07:53
[SPEAKER_05]: Um, and I don't need to pay myself because I'm reducing it that way, right?
1:07:58
[SPEAKER_05]: Um, I didn't need a CPA for that.
1:08:00
[SPEAKER_05]: Like this is the things that I'm thinking about because I'm like every month or every queue, you do every month or you could do it every quarter.
1:08:06
[SPEAKER_05]: I do it every month for the most part.
1:08:09
[SPEAKER_05]: Um, when my income change, I'm looking back on my sheet.
1:08:11
[SPEAKER_05]: I created a whole Excel spreadsheet.
1:08:14
[SPEAKER_05]: like or Google She where I'm just like okay this is how much I'm gonna make this is how much this is going into this bucket this is going into that bucket my biggest bucket that matters me to vote the most is one how I'm gonna pay my bills to my freedom fund and my taxes taxes can always be reduced right but I still always make sure I have the money for it yeah yeah yeah so that's how I do things I'm not gonna lie some of the stories I didn't tell me like y'all you see some nurses they pull up
1:08:42
[SPEAKER_02]: big big bends in the parking lot, you know, they're working three, four, five, just to pay off the bends.
1:08:50
[SPEAKER_02]: I'm like, man, like, just like learning how to go off and budget your finances.
1:08:56
[SPEAKER_05]: If you think about it, this is what the hospitals are doing too.
1:08:59
[SPEAKER_05]: I always say this, and I think I told you guys this last time, like, at the end of the year, a lot of hospitals are hosting holiday parties and it's free.
1:09:07
[SPEAKER_05]: That's the tax strategy, right?
1:09:10
[SPEAKER_05]: That's one of the many tax strategies that they do, right?
1:09:13
[SPEAKER_05]: Every one of the W2 employees are already right off for them to, right?
1:09:18
[SPEAKER_05]: The more higher is the more when you hear about hiring freeze, that means that they they're chilling right now.
1:09:24
[SPEAKER_03]: Great.
1:09:24
[SPEAKER_05]: Right?
1:09:25
[SPEAKER_05]: Like, we good.
1:09:26
[SPEAKER_05]: Yeah.
1:09:26
[SPEAKER_05]: Really tired.
1:09:27
[SPEAKER_05]: No more.
1:09:28
[SPEAKER_05]: We're chilling.
1:09:28
[SPEAKER_05]: We probably allocate in the money into something else.
1:09:30
[SPEAKER_05]: It can be that too as well.
1:09:32
[SPEAKER_05]: So like, of course, I don't know with it, but it's pretty much the same thing.
1:09:36
[SPEAKER_05]: Like, I'm doing.
1:09:37
[SPEAKER_05]: I'm thinking about what I'm doing every quarter.
1:09:40
[SPEAKER_05]: I know for business wise, I'm big on exposure for this quarter.
1:09:44
[SPEAKER_05]: Exposure.
1:09:45
[SPEAKER_05]: Exposure.
1:09:46
[SPEAKER_05]: I'm on the podcast.
1:09:47
[SPEAKER_05]: Exposure.
1:09:49
[SPEAKER_05]: Exposure.
1:09:49
[SPEAKER_05]: Exposure.
1:09:50
[SPEAKER_05]: So that's where most of my money is going right now.
1:09:52
[SPEAKER_05]: And then next quarter is going to look different.
1:09:55
[SPEAKER_05]: I might pay myself a little bit more next quarter.
1:09:57
[SPEAKER_05]: Right.
1:09:58
[SPEAKER_05]: It depends really.
1:10:00
[SPEAKER_05]: But just having an understanding of your income flow.
1:10:03
[SPEAKER_00]: That makes sense.
1:10:03
[SPEAKER_05]: It comes down to honestly.
1:10:05
[SPEAKER_00]: That makes sense.
1:10:07
[SPEAKER_00]: Before we jump into the business, the business side.
1:10:10
[SPEAKER_00]: I didn't actually like how big is because you know being that you know your nurse practitioners you're like your like a provider.
1:10:16
[SPEAKER_05]: I am a provider.
1:10:18
[SPEAKER_00]: Yeah, you're a provider.
1:10:20
[SPEAKER_00]: So with that comes like you know online, you got reviews, you got certain things, you know anybody could just go ahead and type in.
1:10:28
[SPEAKER_05]: Yeah.
1:10:29
[SPEAKER_05]: Oh, boy.
1:10:29
[SPEAKER_00]: Like how is a patient interaction and do you ever look at your own reviews and kind of like so yeah?
1:10:36
[SPEAKER_05]: So you know what's so funny when I first like got on the in the online space
1:10:42
[SPEAKER_05]: I used to be nervous.
1:10:44
[SPEAKER_05]: I used to be nervous to post my knowledge online.
1:10:47
[SPEAKER_05]: It was my travel school.
1:10:49
[SPEAKER_05]: I was nervous about too, because I didn't want people to always be like, oh, she always travel, she always take a time off.
1:10:54
[SPEAKER_05]: But you know what, as a 1099 contract, then nobody cares about that.
1:10:57
[SPEAKER_05]: Like, they be like, okay, do you need time off between this contract?
1:11:00
[SPEAKER_05]: Yes, I need a whole month off.
1:11:02
[SPEAKER_05]: Like, that's different.
1:11:03
[SPEAKER_05]: W2, you can't do that.
1:11:05
[SPEAKER_05]: So like it would that mind that shifted a lot because they already know okay like that's just what it is I actually had contracts higher me because I'm also a content creator add a contract higher me specifically to create content for them
1:11:19
[SPEAKER_05]: And I was able to get them healthcare professionals to work there because it was a new clinic and it was so their strategy was to hire me as a contractor to see the patients, but they want it eventually to go, they want it eventually to get staff.
1:11:35
[SPEAKER_05]: So I knew I wasn't there for too long because they wanted permanent providers.
1:11:38
[SPEAKER_05]: But they didn't want to have to go through indeed or LinkedIn and stuff like that.
1:11:43
[SPEAKER_05]: So they utilized my profile of nurse practitioners.
1:11:47
[SPEAKER_05]: I'm like, this clinic is this is a, they paid me and they actually paid me higher.
1:11:54
[SPEAKER_05]: That was like so funny.
1:11:55
[SPEAKER_05]: I was just like, well, can you pay me?
1:11:56
[SPEAKER_05]: I think it was like 100, 105 or something like that from what they was originally offering.
1:12:02
[SPEAKER_05]: And they were like, yeah, like, can you create content for us?
1:12:05
[SPEAKER_05]: And I did.
1:12:06
[SPEAKER_05]: If that was one, so I stopped caring about that.
1:12:09
[SPEAKER_05]: I had a patient and because I'm a contractor, I can't, and because I also work in urgent care, I don't have a patient that I see grow with me because they come in for acute issues.
1:12:21
[SPEAKER_05]: So I don't have to like be like, okay, let me make sure you up to date with your immunizations, that's not my role, that's a primary care.
1:12:27
[SPEAKER_05]: Yeah.
1:12:29
[SPEAKER_05]: But I did have a patient DM me on my travel page saying that like, hey, like, I really love how you treated me today.
1:12:37
[SPEAKER_05]: I was wondering if you had your own office.
1:12:39
[SPEAKER_05]: Mm-hmm.
1:12:41
[SPEAKER_05]: Yeah, and I was like, I don't.
1:12:42
[SPEAKER_05]: I'm a contractor.
1:12:43
[SPEAKER_05]: Like, I'm just here temporarily.
1:12:44
[SPEAKER_05]: She was like, if you were to ever open up your own office, please let me know.
1:12:48
[SPEAKER_05]: I want you to be my provider.
1:12:50
[SPEAKER_05]: Yeah.
1:12:51
[SPEAKER_05]: Yeah.
1:12:51
[SPEAKER_05]: So like, um, I just stopped caring about what other people had to say.
1:12:57
[SPEAKER_05]: And people are always going to talk.
1:13:00
[SPEAKER_05]: I don't care.
1:13:01
[SPEAKER_05]: Like, if I could show one
1:13:07
[SPEAKER_05]: If you have a problem with that, I'm following.
1:13:09
[SPEAKER_00]: Right.
1:13:10
[SPEAKER_00]: Very good.
1:13:12
[SPEAKER_05]: Yeah.
1:13:12
[SPEAKER_00]: Definitely before we do wrap up, just want to get your thoughts on, you know, you hosted an event.
1:13:21
[SPEAKER_00]: Yeah.
1:13:21
[SPEAKER_00]: Definitely was a huge success.
1:13:23
[SPEAKER_00]: Yes.
1:13:24
[SPEAKER_00]: How was that?
1:13:25
[SPEAKER_00]: You know, what was the thoughts that went into it?
1:13:27
[SPEAKER_00]: And like,
1:13:28
[SPEAKER_00]: I'm pretty sure a lot of nurse practices and got impacted.
1:13:31
[SPEAKER_05]: Yeah, oh my gosh.
1:13:34
[SPEAKER_05]: Honestly, I'm a person that have very grandiose ideas.
1:13:37
[SPEAKER_05]: Like, I want to do this.
1:13:38
[SPEAKER_05]: I want to fly here.
1:13:39
[SPEAKER_05]: We got to do it by tomorrow.
1:13:41
[SPEAKER_05]: But sometimes I got to tell myself to simmer down.
1:13:44
[SPEAKER_05]: Like, just like anything in life you get nervous when you're trying something new.
1:13:49
[SPEAKER_05]: Like, for me, God told me that I needed to do more.
1:13:53
[SPEAKER_05]: And I was doing, I was heavy in the online space.
1:13:58
[SPEAKER_05]: not really being able to touch people and be like, hey, you're gonna be good.
1:14:02
[SPEAKER_05]: And so I woke up one day and I was just like, hey, I'm gonna start this, I'm gonna start this yearly event.
1:14:09
[SPEAKER_05]: And then I mapped it out how that was gonna look and who I wanted to target, which was most important.
1:14:15
[SPEAKER_05]: And being that I did that was just like, it was just a prayer honestly, I was like, and the thing is, I have these grandiose ideas but I always think that people are not gonna show up.
1:14:24
[SPEAKER_05]: That's the, ah, that's the worst feeling.
1:14:27
[SPEAKER_05]: You can have all these ideas and people won't, you feel like, oh, man, just, if I get five people in the wrong, that turned to 70 people in the wrong, both time, the venue was small.
1:14:37
[SPEAKER_05]: So this year, we're gonna be like, come, big, we're gonna be this year.
1:14:42
[SPEAKER_05]: But yeah, so that's how that ended up mapping out.
1:14:45
[SPEAKER_05]: But yes, it definitely impacted a lot of people.
1:14:49
[SPEAKER_05]: Like some people don't feel like they need mentorship all the way or
1:14:52
[SPEAKER_05]: they feel like they just need a community or they feel like they just need one day to learn all the information.
1:14:57
[SPEAKER_05]: And that's fine.
1:14:57
[SPEAKER_05]: I want to just be able to serve you in different ways.
1:15:00
[SPEAKER_05]: You know what I mean?
1:15:00
[SPEAKER_05]: Yeah.
1:15:02
[SPEAKER_00]: That's amazing.
1:15:03
[SPEAKER_00]: I'm pretty sure like you know, all your mentees, people coming into, you know, you're your events.
1:15:09
[SPEAKER_00]: They're going to get a lot of game.
1:15:10
[SPEAKER_00]: They're going to learn a lot.
1:15:11
[SPEAKER_03]: Yeah.
1:15:12
[SPEAKER_00]: Because you just know so much.
1:15:13
[SPEAKER_00]: No, I'm being like, woo child.
1:15:15
[SPEAKER_05]: That was at that $30,000 guy.
1:15:22
[SPEAKER_00]: That's definitely so I'm excited for this year for you.
1:15:24
[SPEAKER_00]: Thank you.
1:15:26
[SPEAKER_00]: Is there anything that you want to lead to people with?
1:15:27
[SPEAKER_00]: Tell them what you got coming up because I'm pretty sure you got a jam pack here.
1:15:32
[SPEAKER_05]: Yeah, yeah.
1:15:33
[SPEAKER_05]: So I'm still working as a contractor, yeah, me.
1:15:35
[SPEAKER_05]: Um, and still remain as one, yeah, me.
1:15:40
[SPEAKER_05]: Um, so we do have a mic.
1:15:42
[SPEAKER_05]: event is called Paychex to Profit Healthcare Summit.
1:15:46
[SPEAKER_05]: That's always going to be an August.
1:15:47
[SPEAKER_05]: I'm trying to figure out like the dates of it.
1:15:50
[SPEAKER_05]: We do have a few more spots in my mentorship program where I work with clients one-to-one.
1:15:56
[SPEAKER_05]: That should be coming up.
1:15:58
[SPEAKER_05]: Well, that you can always inquire just DM me the word training.
1:16:01
[SPEAKER_05]: When you DM me the word training, you'll get information.
1:16:03
[SPEAKER_05]: You'll get connected with my director and enrollment for that.
1:16:06
[SPEAKER_02]: Sure, Instagram, by the way, too.
1:16:08
[SPEAKER_02]: You're Instagram.
1:16:09
[SPEAKER_05]: Oh, add the MP.
1:16:10
[SPEAKER_02]: Okay.
1:16:11
[SPEAKER_05]: That's my Instagram.
1:16:11
[SPEAKER_05]: Add the MP, EBB, THE, and P.
1:16:15
[SPEAKER_05]: Okay, so that and I also have a group coaching as well on 1099, so yeah, that's what I have coming up.
1:16:23
[SPEAKER_05]: May open my community, haven't decided yet because it's been closed for a few years and I'm just serving the people inside my community.
1:16:30
[SPEAKER_05]: Yeah, I may open it back up, I don't know.
1:16:34
[SPEAKER_00]: Yeah, people, yeah, they're going to be excited to join after this, you know, especially like, you know, all the value share like, yeah.
1:16:41
[SPEAKER_00]: It's a lot, it's a lot.
1:16:43
[SPEAKER_03]: Yeah.
1:16:44
[SPEAKER_02]: Well, I'm definitely, I'm glad we ran this back, um, you know, this this conversation was definitely one of them once, you know, especially the nursing content.
1:16:55
[SPEAKER_02]: I mean, this was not only just nursing, but it's nursing business business business business.
1:17:00
[SPEAKER_02]: Yeah.
1:17:00
[SPEAKER_02]: Like this is how you're being able to make more money as a nurse practitioner.
1:17:04
[SPEAKER_02]: How you save more money in taxes.
1:17:06
[SPEAKER_02]: how to operate yourself as a contractor, how to make more money in areas that you already spend in money like, for example, paying Uncle Sam first, instead of paying yourself, you know?
1:17:17
[SPEAKER_02]: So, yes, so this was definitely a good one.
1:17:19
[SPEAKER_02]: You know, I'm glad that you came back.
1:17:21
[SPEAKER_02]: I learned a lot for sure.
1:17:23
[SPEAKER_02]: You got me thinking about some things that has to be a top priority.
1:17:28
[SPEAKER_02]: Yeah, yeah, right?
1:17:29
[SPEAKER_02]: Yeah, absolutely.
1:17:30
[SPEAKER_05]: We got some March April.
1:17:31
[SPEAKER_02]: Yes, yes, yes, yes.
1:17:36
[SPEAKER_05]: Um, let me see, I just want to see everybody when that's it, like, oh, yeah, I do have another thought, that was my thought, but the second one is, I don't think that if it's if a role no longer serves you, don't stay there.
1:17:54
[SPEAKER_05]: do not stay there.
1:17:56
[SPEAKER_05]: It's so much out here that you can do and it's continuing to expand.
1:18:00
[SPEAKER_05]: Number one, the government favors small business owners and self-employed contractors, and you are one too.
1:18:07
[SPEAKER_05]: So you gotta start thinking about how you wanna elevate yourself in 2026.
1:18:10
[SPEAKER_05]: That's it.
1:18:12
[SPEAKER_05]: That's what I gotta say.
1:18:13
[SPEAKER_05]: Just Mike.
1:18:15
[SPEAKER_02]: Go.
1:18:15
[SPEAKER_05]: Drop podcast, Mike.
1:18:17
[SPEAKER_02]: There we go.
1:18:17
[SPEAKER_02]: There we go.
1:18:18
[SPEAKER_02]: Listen guys, this was another episode of Motion in Success.
1:18:22
[SPEAKER_02]: We had returning guests, nurse practitioner, Ebony time, and as you guys can see, this was an amazing podcast.
1:18:30
[SPEAKER_02]: So go ahead and like, comment, share, subscribe, and we'll see you on the next one.
1:18:34
[SPEAKER_02]: Any fun with us for you, bro?
1:18:35
[SPEAKER_00]: No, this is a good one.
1:18:36
[SPEAKER_00]: It's definitely always gonna have Ebony on.
1:18:38
[SPEAKER_00]: a whole lot of game and definitely want to say congratulations.
1:18:42
[SPEAKER_00]: I know you're fiancee.
1:18:45
[SPEAKER_00]: Yes, you know.
1:18:46
[SPEAKER_00]: Shut up.
1:18:47
[SPEAKER_00]: I know the last episode.
1:18:49
[SPEAKER_00]: He wasn't so, you know, president.
1:18:51
[SPEAKER_02]: Yeah, that's good.
1:18:52
[SPEAKER_05]: And I made my fiancee while I was traveling.
1:18:55
[SPEAKER_02]: living your life.
1:18:56
[SPEAKER_05]: Living my life, see?
1:18:57
[SPEAKER_05]: Wow.
1:18:58
[SPEAKER_05]: Tonight, I'm on contract with you.
1:19:00
[SPEAKER_02]: That's so bad.
1:19:01
[SPEAKER_02]: Oh, man.
1:19:01
[SPEAKER_05]: Oh, I wouldn't live a bit.
1:19:02
[SPEAKER_05]: I wouldn't live a bit.
1:19:03
[SPEAKER_05]: I wouldn't live a bit.
1:19:04
[SPEAKER_05]: If I was like burnt out and working on the father, get two weeks of PTO.
1:19:08
[SPEAKER_02]: Yeah, that's true.
1:19:09
[SPEAKER_02]: That's funny, but let's put that out to begin.
1:19:12
[SPEAKER_02]: It was just that.
1:19:14
[SPEAKER_02]: Let's put that out to begin.
1:19:16
[SPEAKER_02]: But listen, guys, I'll see you guys in the next podcast.
1:19:18
[SPEAKER_02]: I told you guys who's going to be in a maze of one.
1:19:21
[SPEAKER_02]: I enjoyed today.
1:19:22
[SPEAKER_02]: I'm more than likely sure that you guys enjoyed it as well.
1:19:24
[SPEAKER_02]: So I'll see you guys on the next podcast.
1:19:27
[SPEAKER_04]: Peace.