Ep. 95 - Why Healthcare Professionals Should Invest in Real Estate with Stacey Stegenga
Born and raised in a small town in Michigan, Stacey joined the Air Force to see the world. After 14 years of living overseas and in multiple different states, Stacey moved to Colorado to settle down closer to family. Despite being a critical care nurse for 11 years, her income was nearly cut in half from relocating. In 2018, she found the book “Set for Life” by Scott Trench and became a devout student, learning as much as she could about real estate investing. Stacey has since acquired 4 duplexes and is a passive investor in a syndication. Stacey’s passion for real estate investing stems from supplementing her salary as a full-time nurse. She is passionate about improving healthcare and advocates for legislation to change the harmful work environment that so many healthcare professionals tolerate. If you are interested in learn more about Stacey’s services, be sure to check Invest For Freedom!
In this episode, Ashton engages in an insightful conversation with Stacey Stegenga, a real estate professional and healthcare advocate. Stacey shares her inspiring journey of using real estate investing to achieve financial freedom while working as a nurse. She discusses the importance of freedom from unhealthy work environments and how Scott Trench's book, "Set for Life," inspired her to pursue real estate investing. Stacey owns four out-of-state duplexes and is a passive investor in a syndication. She explores the legalities of real estate investing for healthcare professionals, the risks involved, and the mindset needed for success. Her story highlights the potential for combining healthcare expertise with real estate to create a fulfilling and independent life.
[00:00 – 16:29] How to Achieve Financial Freedom: Stacey’s Journey
- Stacey is a nurse and real estate investor passionate about becoming financially free
- She advocates for legislation to change the harmful work environment of healthcare professionals.
· Real estate investing offers financial freedom and independence, allowing professionals to pursue their passions beyond healthcare.
· Financial independence enables healthcare professionals to speak freely and advocate for changes in their work environment.
· Stacey's successful investments in out-of-state real estate demonstrate the potential for higher returns and cash flow opportunities.
[16:20 - 35:51] Financial Independence and Real Estate Investing
- Stacey emphasizes saving income over earning more, as discussed in Scott Trench's book.
- Healthcare professionals face challenges in qualifying as real estate professionals due to rules and regulations.
- Healthcare professionals face challenges in qualifying as real estate professionals due to rules and regulations.
- Stacey advocates for public awareness of the broken healthcare system and encourages real estate investing for financial independence.
· Stacey highlights the power of real estate investing in providing financial freedom and the ability to advocate for change in the healthcare system.
[35:51 - 53:31] Embracing Failure: Seeking Help and Learning
- Stacey believes failures are opportunities for growth and learning, not permanent setbacks.
- Inadequate accounting and underwriting contributed to Stacey's syndication failure; accurate financial indicators are crucial.
- Stacey highlights the importance of asking for assistance and guidance to avoid tunnel vision and compounded issues.
· Stacey encourages transparency and learning from failures to gain valuable insights and prevent future losses.
[50:17 – 01:02:55] Closing Segment
· What do you do for your health?
o Stacey prioritizes her health through time-blocked physical activities and consuming green juices, emphasizing the benefits of an alkaline diet.
· What brings you the most joy in life right now?
o Stacey expressed her love for travel, explaining that it not only brings variety and adventure into her life but also offers valuable learning experiences from other cultures and ways of life. She believes that travel helps challenge the American lifestyle, which she thinks tends to overwork and undervalue relaxation and family.
· Where's your next trip going to be?
o Stacey said that her next trip was undecided but she was considering Finland, Norway, Patagonia (in Chile and Argentina), or New Zealand and Australia.
· If life was a game, how would you measure if you're winning or not? How would you know if you're on track to win in your life?
o Stacey measures life success by the amount of love and genuine relationships present at the end of one's life, valuing the impact made on others.
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Connect with Stacey!
Website: Stacey Stegenga
Instagram: @investforfreedom
Want to learn more about creating multiple income streams, wealth protection, financial freedom, or real estate investing? Join our investor club, check out our blog, get our free ebook on investing, or join us for our monthly Real Estate Investing Made Simple virtual meetup. Take the first to your wins in life and head on to http://www.valkeregroup.com.
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Key Quotes
“It's easy to highlight success, but it's not easy to sugarcoat a failure.” – Stacey Stegenga
