How to Make Six Figures on a Nurses Salary

My first year as an RN was disappointing to say the least, in a financial sense. I was stuck taking the first job opportunity that came my way. I needed to make money as soon as possible to take care of my family. Nursing school never mentioned how hard it was to land your dream job out of the gate!

Along with working in a job that I was far from what I wanted, I was graciously given a low wage along with it.

This was eye opening for me and had me come to the realization that I needed to find other ways to make more money as a nurse. Besides experience (which I lacked), there had to be another way to make a decent salary.

After talking to other nurses on my unit they provided great options. I soon discovered that there was untapped potential to earn a substantial income, even in a low-wage state.

Unlocking Financial Potential 

1. Overtime

For many new nurses, overtime becomes the golden ticket to boost income. While I had to complete my residency or preceptorship before taking on extra shifts, I wasted no time once I was able to work independently. My organization offered various opportunities to increase my earnings:

2. Bonus Contracts

Signing up for bonus contracts meant committing to work an extra day or two each week for four weeks. The payout was substantial. With just one extra shift per week, I earned an additional $1,800 per month on top of my base pay and overtime. Working two extra shifts a week netted me an impressive $3,600 bonus each month.

3. Shift Bonuses

When a shift needed filling due to someone calling out, etc., hospitals often offer additional bonuses on top of regular pay for those willing to step in.

4. “Weekend Warrior” Contracts

For six months, I committed to working every Saturday and Sunday plus either Friday or Monday. This contract came with an additional $8/hr on top of my base pay.

5. PRN Position in the ER

I also took on a PRN position in the ER for a few months, adding to my earnings potential. 

The Results: Over Six Figures in Year One!

By hustling and taking advantage of these opportunities, I was able to earn over $100,000 in my first year as a full-time nurse, with extra shifts included. 

The lesson? There’s money to be made as an RN; you just have to be willing to hustle for it.

Whether you’re just starting out or looking to boost your earnings, don’t underestimate the potential to earn a substantial income as a nurse. With the right strategy and a willingness to put in the work, you can achieve financial success in your nursing career.