Earning Six Figures in Six Months as a New Grad Physical Therapist

photo of Jeff in Europe with words "Earning Six Figures in Six Months as a New Grad Physical Therapist by Jeff Camara Travel Therapy Mentor"

Guest Post by Traveling Physical Therapist Jeff Camara, PT, DPT


EARNING SIX FIGURES IN SIX MONTHS

We can all agree that the cost of obtaining a graduate degree vs. the income for physical therapists isn’t exactly an equal ratio. I knew this going in to my career choice as a physical therapist. However, I still decided to choose a career that would fulfill my life, despite the enormous amount of debt I would have to take on to get there.

I decided early on while still in graduate school that Travel Physical Therapy (Travel PT) would be the best career path for me, as it would not only help me financially, but give me the freedom to explore the country and work in various settings. I can’t say that my other physical therapy friends made the same decision. Following school, many of them have had to move back home in order to save their paychecks as New Grad PT’s and get on their feet.

Many physical therapists would say that you can’t make a six-figure salary or ever pay off your debt in this career. Well, I am here to tell you how I not only earned those six-figures, but I did it in just six months as a New Grad PT.

HOW IT STARTED

My girlfriend, and fellow physical therapist, and I were fortunate enough to land six-month Travel PT contracts at an outpatient ortho clinic in northern Virginia as new grads in 2019 (shout out to Whitney and Jared at Travel Therapy Mentor for help with finding those contracts as well!).

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During my first six months as a new grad PT at this travel position, I learned a ton and loved the clinic– not to mention my awesome co-workers instantly became great friends and we enjoyed exploring a new area of the country. I was able to earn a high paycheck every week by starting my career as a Travel PT, making over $7,000 per month after taxes. This added up to roughly $43,000 after taxes in my first six months of work as a new grad! Comparatively, some new grad PT’s hardly make that much in twelve months after taxes at some lower paying salaried positions.

With one month left in our first ever Travel PT contracts, the pandemic had hit. As the country panicked, I started to see other travelers’ contracts come to an end, and the permanent PT’s at our clinics were losing their caseload and being furloughed. I knew I had to shine in the clinic, or I was going to be next. Fortunately for me, I already had a great rapport with my patients and was able to continue to provide them with valuable treatments whether it was in the clinic or through telehealth. I took initiative and managed my own schedule, which made it possible for me to maintain around 90-95% of my caseload. My hard work led not only to not losing my travel contract, but to having my contract extended.

Despite this contract extension, I still had my doubts, as jobs are rarely secured as a traveler, so I began the job hunt to gain that security. I was fortunate to have one of my co-workers reach out and ask if I would be interested in working home health PRN. Without any home health experience, this company was willing to bring me on board and train me. It was an opportunity I couldn’t pass up. This was perfect for gaining some experience in the home health world in addition to diversifying my paycheck in case my travel contract got cancelled.

STEPPING OUT OF MY COMFORT ZONE

At this moment, I was still working 40 hours per week in the outpatient clinic at my travel contract, while starting to build a caseload with the home health company PRN. My outpatient schedule was perfect for this, providing me with 3 short days working 7am-2pm, leaving me plenty of time to hustle and earn money on the side with home health PRN hours.

Jeff2The flexibility with home health is great. I would be sent referrals daily, and it was up to me to either accept or deny each patient, based on my own schedule with my primary job, and based on how much extra I wanted to work. I started with 2-3 patients after work, 3 days per week, which quickly adds up. It wasn’t easy at first being more the “outpatient ortho type of guy,” but I started to pick it up quickly. I had to step out of my comfort zone and learn a lot about the OASIS documentation (aka the death of home health), but I got into a rhythm and started to push how many patients I could see in a week. I started out with 5-8 patients, then 8-10, and before you know it, I was able to see 15-20 home health patients per week, in addition to my outpatient job, while still having weekends off.

FINDING A BALANCE

When working 7am-7pm, or some days even later, you realize quickly you need the weekends for yourself. We all hear about the “burnout” in healthcare professions, and I remained mindful of that, making sure I was still finding joy in what I was doing. Many of my coworkers didn’t understand, always asking “how do you work so much?” In all honesty, I found it quite easy, because I was actually enjoying a large part of it. There is something satisfying when working hard and seeing results, you know?! Well, what if those results were not only seeing your patients getting better, but seeing growth in your bank account.

THE RESULTS

In the midst of this pandemic, despite uncertainty with the job market, and despite being a relatively new graduate, I have been fortunate to not only maintain a full time physical therapy position, but to pick up extra work too. In addition to working in outpatient ortho full time as a travel PT, plus home health PRN, I was also able to start my own LLC for a cash-based home health business.

Working an average of 60 hours per week for the last 6 months between these 3 jobs, I have been able to achieve my financial goals and more. From May to November 2020, I have been able to earn over triple the amount of my coworkers who work permanent positions in the outpatient clinic.

Jeff3My take home, after tax pay has been approximately $80,000 in the last 6 months. I REPEAT, AFTER TAXES! This is the equivalent to making a gross salary of around $120,000 in just 6 months, from one travel PT contract, part time home health, plus the start of my own LLC in the last two months.

Today the average physical therapist makes approximately $50-55k per year after taxes (not including retirement contributions). I was able to make that amount in 4 months, during a pandemic! One can see the potential for growth at this rate. I hope through my story I can help to show other therapists the possibilities that are out there, especially for those who want to pay off debt quickly and are willing to hustle hard early in their career to do it.

IF IT WAS EASY, EVERYONE WOULD DO IT

At the end of the day, you must ask yourself what is important to you. You might be reading this thinking it’s totally unrealistic for you. I sacrificed a lot to reach this goal. It hasn’t been easy doing late dinners throughout the week, less sleep, no daily gym session, more time driving, an increase in notes brought home, and less time spent with my significant other. This would certainly be more difficult for someone in a different life circumstance than me, for example someone who is married with children, or just needs more personal leisure time or time to de-stress.

For someone who is not familiar with working this much, it would be very hard and draining to do day in and day out. I think I am someone who hardly stresses during work and doesn’t get overwhelmed easily, so working multiple jobs comes easy to me. I have actually worked several jobs since I was in undergrad, so it’s something I’m used to. However, this is certainly not a pace that I could keep up, nor would I want to, forever. This is more so a way for me to get ahead financially early in my career to have more options in the future. Being able to pay down debt and invest early puts me well on my way toward financial independence!

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Below is an excerpt from a Harvard Business Review article that I found interesting:

The American Dream on Steroids: “The first thing that becomes clear is that successful professionals are working harder than ever. The 40-hour workweek, it seems, is a thing of the past. Even the 60-hour workweek, once the path to the top, is now practically considered part-time, as a recent Fortune magazine article put it. Our data reveal that 62% of high-earning individuals work more than 50 hours a week, 35% work more than 60 hours a week, and 10% work more than 80 hours a week. Add in a typical one-hour commute, and a 60-hour workweek translates into leaving the house at 7 am and getting home at 9 pm five days a week.”


MY RECOMMENDATIONS

When I tell people about my current lifestyle, they typically respond with, “there is no way I could ever do that.” This is most likely true, and I wouldn’t recommend this for many people. For those who struggle already with their 40 hour work week, I would recommend against this type of workload.

However, for those therapists that may be thinking about getting a second job in order to hustle and make more money to meet your financial goals, I would highly recommend to look for a PRN home health job, versus a second outpatient or acute care job. Home health provides great flexibility and higher pay, and it gives you the freedom to take on as many patients as you desire within the time that you want.

I am not saying this is only way to make money, nor am I saying that money is the only important aspect in life. For me, the thought of being financially free someday keeps me grinding. My goal is to work hard and hustle during the beginning of my career to help meet my financial goals and increase my savings, so that I can work less in the future and shift my focus to other pursuits, such as having a family.

Now, after hustling for the last 6 months, I have decided to take some time off from work to spend the holidays with my family and friends. This sacrifice, I believe, has been well worth it to be able to take several weeks or a month off at the holidays. After this break, I am looking forward to going into 2021 and getting back at it again!


ABOUT JEFF

jeff9Jeff is a travel physical therapist originally from Massachusetts. He earned his Doctor of Physical Therapy degree at American International College in May of 2019. Jeff was a multi-sport intramural champion in college and enjoys friendly competition in all sports and games. He has lived in 9 different states so far and loves traveling to new areas, hiking, and riding his motorcycle. Jeff and his girlfriend, Megan, are hoping to sign new travel physical therapy contracts at the start of the new year. The best way to contact Jeff is through Facebook or email at jcamara6@yahoo.com.


We would like to thank Jeff for sharing his story in this inspiring article! If you’re also considering pursuing travel therapy to help set yourself up for a strong financial future, please feel free to contact us and we can help you get started on this path!

~Whitney & Jared, Travel Therapy Mentors

Lessons Learned From Starting a Travel Physical Therapy Blog

Lessons learned from starting a travel physical therapy blog

Written by Jared Casazza, PT, DPT

Deciding to Start a Travel Physical Therapy Blog

It has now been well over three years since I first started my travel physical therapy blog, FifthWheelPT in 2016. I was very nervous and hesitant to put my writing out in the world in the beginning, especially since I’d always felt that I was a poor writer. It turns out that I was right about being a poor writer, and even with Whitney’s editing help, it still pains me to go back and read the first dozen or so articles on the website. My writing was bad not because I didn’t have adequate knowledge, but because I had very little practice writing because I had always avoided it. Creating a blog was way outside of my comfort zone. After all of this time, I can confidently say that starting to write was a really great decision for me, and I don’t think that I’d be in nearly the situation I am now both professionally and personally if I’d never taken the leap.

Originally I had only two goals with the blog: first, to chronicle our adventures as travel physical therapists, and second to educate others on how to become a traveling physical therapist like Whitney and I had both chosen to do as new grads. When starting a travel physical therapy blog (or any travel therapy discipline), it’s impossible to know what the future may hold for you, and it’s important to understand that the blog will likely change as you do. Everyone’s path is different, and it’s inevitable that our interests and passions change over time. Some jump into a travel therapy career and only take a couple of travel assignments before settling down at a permanent job. Others, like Whitney and I, fall in love with the adventure, freedom, and flexibility of travel therapy; and now, we have no plans to settle down anytime soon. I’d be lying if I didn’t also mention that the higher travel physical therapy salary didn’t have something to do with our decision as well!

Over the years my goals with the travel therapy blog changed and evolved just like my interests. I soon decided that the blog could be a place to not only talk about travel physical therapy, but also a great medium to educate others on financial literacy. I quickly began writing educational content regarding finances with information that I had aggregated over hundreds of hours of research, as well as tracking my own journey to financial independence as a traveling physical therapist. Over time that became the main focus of the website, despite it not even originally being on my radar when starting out. With such a variety of content we wanted to put out on the blog, from our personal travels, to financial information, to education on the ins and outs of travel therapy itself, the blog felt a little all over the place. That opened the door to create a separate website (this one) and put more of the travel therapy related educational content here at TravelTherapyMentor.com, while reserving the original site for finances and our domestic and international travels!

The Benefits of Starting a Travel Physical Therapy Blog

Starting the blog not only pushed me outside my comfort zone but also forced me to further my knowledge on a variety of topics. I would often come up with an idea for an article and then subsequently spend many hours researching that topic to make sure that I was as knowledgeable as possible on the subject. My first deep foray into taxes was a result of an article that I wrote on travel therapy salary and stipends. That sparked an interest in taxes that led to many future articles as well as saved me thousands of dollars by optimizing my own tax situation. Taxes are a subject that I doubt I would have ever seriously delved into if it wasn’t for researching for that article. Besides taxes, there have been many other areas that I have become much more competent in while doing research for articles. Some of those include: learning about the best travel therapy companies, learning about the array of health insurance options available and which ones may be the best choices for travel therapists, learning whether pursuing travel therapy as an independent contractor is a viable option, and learning about travel therapy bill rates in depth. All of these things not only made the articles I was writing more informative but also directly benefited me as a travel physical therapist as well.

Another big advantage to starting a travel physical therapy blog is being able to reflect on our past adventures. Whitney and I have written about every one of our travel assignments, weekend trips, changes in our lives, and our international travels on the blog. Going back now and rereading those old articles brings back incredible memories that we’ll cherish forever!

In addition to all this, networking with others in the travel therapy and personal finance world as a result of having the travel physical therapy blog has changed my life significantly. I’ve made connections and formed friendships with other bloggers and creators that I would have never had the opportunity to interact with otherwise. After well over a dozen guest posts and podcast interviews over the last couple of years, I’ve learned that networking is important for both the success of my website and for creating new friendships online that lead into the real world.

The Downside of Starting a Travel Physical Therapy Blog

With the good, there is always some bad as well, and starting a website is no different. The biggest disadvantage for me has been related to the time required to not only create content but also to market it. Social media marketing and networking became a significant portion of my life, to a nearly unhealthy degree at times and is still something that I struggle with today. I naively thought that since writing an article generally only takes me a couple hours that a blog would be a relatively small time commitment. That couldn’t be further from the truth.

In the beginning I had absolutely no idea how to start a blog or website. I Googled, “how to start a blog” and that’s where the work began. Creating and designing the website, researching articles, creating content, marketing, answering questions, and responding to comments and emails all take time. And in some cases, A LOT of time. As the blog, and this website, grow- so does the time required to keep up with all of the above.

Biggest Lessons Learned from My Travel Physical Therapy Blog

  1. Don’t start a website with a primary goal of making money.After some initial success and positive response from some of my articles, I began to consider whether my blog could eventually be profitable. I’ve written about the income that my blog generates a few times in the past, and this always leads to questions from readers regarding if they should create a blog as well to make extra money. My answer is always an emphatic no! Accounting for all of the time put into the tasks mentioned above, my hourly earnings for the first 2+ years of the blog would have been less than $1. Financially, I would be much better off if I had spent my time working PRN jobs as a physical therapist or even driving for Uber. Write because you enjoy it, want to share your story, or because you want to motivate others, and if you end up making some money from it, then wonderful, but if not then you won’t be disappointed!
  2. Expect that it will take a long time for your articles to start getting traction and to build any sort of following.Over the years I’ve watched many other bloggers in the physical therapy, travel therapy, and personal finance world come and go. The reason is usually two fold. First, they underestimate the time involved in creating content and maintaining the blog. Second, they are discouraged by the small number of views and engagement that their articles get. I sincerely understand both of these reasons and have grappled with them many times over the years as well. It can take a disheartening amount of time and effort to ever grow to a level that you feel like you’re actually making a difference. The most important factor to creating a successful blog, whether monetary or impactful, is persistence. Stick with it!
  3. Motivation comes in waves.There are times that I get really fired up and motivated to write, and then there are times where I don’t feel like writing for days or weeks at a time. Initially, I thought this was something I was doing wrong or something wrong with me, but over time I’ve figured out that this is normal. Take advantage of the times when you’re motivated to write to get ahead to make up for the times when your motivation drops off!
  4. Let your blog change with you over time, and don’t feel pressured to only write about one specific area.People usually read and follow a blog because they resonate with the writer and their story. As you change over time, let that be reflected in your writing and the topics you choose. Writing and reading about the same topic for years gets old no matter how interesting that topic is in the beginning.

Conclusion

If you’re considering starting a travel physical therapy blog or any other blog for that matter, go for it! But make sure it’s for the right reasons, and go into it informed about the time it will take. Use the blog as a way to develop your writing ability, thoughts, and to further your knowledge on various topics. Do your best to research topics thoroughly, because not only does that make the articles better, but you can also reap the rewards of that new knowledge. Network with other content creators and find community in the beginning in order to get through the early stages when it can feel like your efforts are wasted due to minimal readers. Let your blog content grow with you over time, and don’t be afraid to write about topics that are not generally the norm for your website if it’s something that interests you. Getting my thoughts down on “paper” has led to many positive benefits in my life, and who knows what it will lead to in the future!