With 13 months until she reaches 20 years at the VA, Cheryl is wondering what comes next. Rather than simply finding another job, Loral Langemeier shares business ideas for nurses that could turn Cheryl’s RN experience into new income.
From telemedicine and in-home care to assisted living and mobile healthcare services, Loral explores business ideas for nurses that build on skills Cheryl already has. Most importantly, she encourages Cheryl to start now, using the next 13 months to test business ideas for nurses, begin generating revenue, and create a runway from employee to entrepreneur.
Loral's Takeaways:
- Cheryl's Current Situation and Goals (00:00)
- Exploring Telemedicine and Assisted Living Opportunities (00:51)
- Investment Strategies and Long-Term Planning (01:49)
- Setting Up the Foundation and Long-Term Investment (03:01)
- Starting Immediately and Market Testing (03:48)
Meet Loral Langemeier:
Loral Langemeier is a money expert, sought-after speaker, entrepreneurial thought leader, and best-selling author of five books.
Her goal: to change the conversations people have about money worldwide and empower people to become millionaires.
The CEO and Founder of Live Out Loud, Inc. – a multinational organization — Loral relentlessly and candidly shares her best advice without hesitation or apology. What sets her apart from other wealth experts is her innate ability to recognize and acknowledge the skills & talents of people, inspiring them to generate wealth.
She has created, nurtured, and perfected a 3-5 year strategy to make millions for the “Average Jill and Joe.” To date, she and her team have served thousands of individuals worldwide and created hundreds of millionaires through wealth-building education keynotes, workshops, products, events, programs, and coaching services.
Loral is truly dedicated to helping men and women, from all walks of life, to become millionaires AND be able to enjoy time with their families.
She is living proof that anyone can have the life of their dreams through hard work, persistence, and getting things done in the face of opposition. As a single mother of two children, she is redefining the possibility for women to have it all and raise their children in an entrepreneurial and financially literate environment.
Links and Resources:
Ask Loral App: https://apple.co/3eIgGcX
Loral on Facebook: https://www.facebook.com/askloral/
Loral on YouTube: https://www.youtube.com/user/lorallive/videos
Loral on LinkedIn: https://www.linkedin.com/in/lorallangemeier/
Money Rules: https://integratedwealthsystems.com/money-rules/
Millionaire Maker Store: https://millionairemakerstore.com/
Real Money Talks Podcast: https://integratedwealthsystems.com/podcast/
Integrated Wealth Systems: https://integratedwealthsystems.com/
Affiliate Sign-Up: https://integratedwealthsystems.com/affiliates
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Awesome. Hey, Cheryl, how are you? I'm great,
Loral Langemeier:thanks. Perfect. And you're in Minnesota. Got two Minnesotans
Loral Langemeier:tonight. That's rare. You are you married? Yes. Okay. And does
Loral Langemeier:the w2 as well? Yes. Okay. You're working with Rebecca,
Loral Langemeier:correct?
Unknown:Correct. Correct.
Loral Langemeier:So your question is: I'm working at w2
Loral Langemeier:as an RN for the VA. You have 13 months before you hit your 20
Loral Langemeier:years, and you could leave with benefits. You have about a half
Loral Langemeier:million in retirement, which is not enough. I thought I would
Loral Langemeier:have to go get another job after watching you. I now wonder what
Loral Langemeier:is possible. What can I do on my own with RN? A lot. My
Loral Langemeier:daughter-in-law's RN. We have so many RNs that have moved to more
Loral Langemeier:telemed, supporting telemed docs. We have telemed docs in
Loral Langemeier:the community that you could like just jump over work with
Loral Langemeier:them, you know, as a potential straddle, and then go on your
Loral Langemeier:own. Also, with RN credentials, you can be you could lead
Loral Langemeier:assisted living, so you buy the real estate and actually put a
Loral Langemeier:business inside of it. You don't have to do all the work, but you
Loral Langemeier:have to have you. You would be the the administrator of it all.
Loral Langemeier:There's a lot. There's a lot of things you could do with that
Loral Langemeier:young lady. Huge amount. I mean, you could do in-home care. You
Loral Langemeier:could do assisted living care. You could go like with Raymond
Loral Langemeier:or earlier, who does a special needs care, the benefit of
Loral Langemeier:putting some of these kinds of things together, like we have
Loral Langemeier:people who own the real estate and then put in silver living,
Loral Langemeier:you know, for the for addicted folks to get sober. So, I mean,
Loral Langemeier:there is such a range of you being able to invest when you
Loral Langemeier:quit. The 500 could be used to actually buy the real estate,
Loral Langemeier:right? And then if your credit's good between you and your
Loral Langemeier:spouse, you use that. And then we're going to teach you. I
Loral Langemeier:mean, once you do one or two of these projects right, then you
Loral Langemeier:come back to the table community, me, and say, "All
Loral Langemeier:right, I want I want to go bigger. And that's when you can
Loral Langemeier:get like other people from the big table to be investors in
Loral Langemeier:your project, and then you can just keep growing, right? So
Loral Langemeier:repeat, rinse, repeat. So do one or two of them really right, and
Loral Langemeier:then go big, almost like a licensing model. I have an RN in
Loral Langemeier:Florida, and all she does is she's got mobile dentistry, even
Loral Langemeier:though she's an RN, because a lot of the assisted and active
Loral Langemeier:living homes, like the 55 and older, those like sent. They
Loral Langemeier:actually have no dental care and no dental hygiene as part of
Loral Langemeier:their and their offer. And if you really look around, it's
Loral Langemeier:pretty rare. So something as simple as that, she does that,
Loral Langemeier:and then she has in blood pressure, and she, I mean, she's
Loral Langemeier:making over a million with her in her little van and a few
Loral Langemeier:assistants brushing teeth, taking care of their teeth,
Loral Langemeier:hygiene. It's it's fascinating how people can make money. It's
Loral Langemeier:just you know what do you want to do and what's around your
Loral Langemeier:neighborhood and your community that's going to make sense if
Loral Langemeier:you have a geo targeted. If you want to go wide, then you do the
Loral Langemeier:telemed, and you know people can call you from all over the
Loral Langemeier:world. Yeah, I'm interested in telework, telemed, definitely.
Loral Langemeier:Maybe contracting with somebody, things like that. Yeah,
Loral Langemeier:definitely. And so we'd help you set up the corporate structure,
Loral Langemeier:make sure the taxes are done right. Do you guys have a trust?
Unknown:No.
Loral Langemeier:So then do that, and then as you're hearing
Loral Langemeier:with everybody, making money is the one side of it. We'll handle
Loral Langemeier:the keeping taxes and corporate structure side, and the trust
Loral Langemeier:side, and all of the foundational side, and then
Loral Langemeier:learning to invest that money, and then continuing to learn how
Loral Langemeier:to invest is the long term. That's why we do the lifetime
Loral Langemeier:membership.
Unknown:Okay.
Loral Langemeier:When are you and Rebecca talking again? Love
Loral Langemeier:to help you. We're going to touch base after, I believe
Loral Langemeier:after this session. Okay, awesome. All right. Well, again,
Loral Langemeier:let her know if you have any other further questions. Love to
Loral Langemeier:help you. Do you have any other questions? No, not right now.
Loral Langemeier:Just need a starting point. Yep. Well, and I would say you want
Loral Langemeier:to start now, not when you know 13 months from now, you want to
Loral Langemeier:have all this time as runway and be in some level of revenue
Loral Langemeier:because you might have some starts and stops, right? You
Loral Langemeier:might try something and it's like that's like going to be
Loral Langemeier:more work than I thought it was going to be, and then you back
Loral Langemeier:like so. There's a little bit of testing what's going to be
Loral Langemeier:what's ready for the market, which we'll do some market
Loral Langemeier:testing, and for the most part, you're going to do that on
Loral Langemeier:social media. I already knew I'm going to give you two, and we'll
Loral Langemeier:start figuring out in your area. Where are you in Minnesota, by
Loral Langemeier:the way? Close to St. Cloud. Oh, that's great. So you're in a big
Loral Langemeier:area. Yeah. Okay. All right. We'll let Rebecca know what
Loral Langemeier:other questions you have, and I love look forward to working
Loral Langemeier:with you. Sounds great. Thank you. Thanks. All right. Thanks,
Loral Langemeier:Cheryl.