Hey everyone I'm Chris and welcome back to the channel where we talk about investing, real estate
and saving money so in today's video I'm going to share with you guys how much nurses make here
in New Zealand, how much I personally make and I'm going to share with you guys how I'm able to buy
multiple real estates in a nursing salary. The thing about working as a nurse here in New Zealand
if you work in a public hospital is that the pay will be the same no matter where you are
in the country so you can really stretch your income if you live in a smaller city
because your income will be the same but real estate will be cheaper. However that's not my
situation because I live in one of the most expensive cities here in New Zealand I live
in wellington wherein houses are around 700 to 800,000 but before I share with you guys how I'm
able to afford that let's talk about salary first. This is the updated salary for nurses
here in New Zealand all the figures I'm going to mention is in New Zealand dollars by the way
so if you're a new grad in 2020 you're going to start at step one at 54,000. After a year you
have a one year experience you go to step two at 58 000 and so forth so for me personally I
actually started at step five because I already had the nursing experience in the Philippines
and that's the great thing about moving your registration here in New Zealand because they
count your experience overseas at the moment I'm at step seven which is roughly 77,000 per year
and that comes out to $37 per hour I've never worked in a private hospital so I don't know
how much they get paid but they say it's about a dollar extra compared to public hospitals
on weekends you get paid time and a half which will come out to 55 dollars per hour at my level
of experience and on public holidays you get paid double plus eight hours of lieu so lieu is like annual
leave that you can use on top of the double pay so working public holiday it's like getting paid
three times so because of the late shift rates, weekend rates and public holiday rates I feel
like it will come out more or less the same if you compare the pay of public hospital and
private hospitals now of course if you work as a community health nurse or mental health nurse
they have a different pay scale and you can get paid to up to eighty-two thousand dollars per year
to step eight and it's the same no matter where you are in New Zealand you will get paid the same
real estate in New Zealand is becoming one of the most expensive in the world wherein the median
house prices are seven to nine times the median household income especially if you live in the
bigger cities like Wellington and Auckland so the big question is are you going to be able to afford
real estate if you live in the bigger cities and this is where I tell you how I did it my secret to
building wealth is not really in how much I make but in how much I save and invest consistently
because I live and save like I was still living in the Philippines and earning 15 dollars per day
not per hour it's 15 dollars per day it doesn't matter if I earn 50,000 per year back then to 77,000
per year now because my lifestyle never really changed even though my income drastically changed
I still drive the same reliable Toyota I wear hand-me-down clothes from friends and family
because they know I rarely buy clothes like this dress my mom gave me because she doesn't like it
anymore but I like it. I still cook and bring my lunch to work because it's cheaper and we still
rent out the extra bedroom in the house because that pays for the mortgage and we save so much
money in doing so. The point I'm trying to make is I was able to buy multiple real estate because I
saved so much of my money consistently and I was willing to make sacrifices in order to achieve
my financial goals and to the person watching this you can do it too as long as you have the
right mindset you're willing to put in the work and you're willing to make sacrifices along the way
you can also build wealth by investing in real estate with that being said thank you guys so
much for listening to me talk about my passion I hope you get something out of this video
please subscribe to the channel if you haven't already and i'll see you guys next week bye
oh my god I can't talk today oh