Wealth On The Go - Page 2 of 2
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Wealth On The Go

and his contract negotiation skills enabled Galloway to leave Mount Sinai in 1999 to do contract work exclusively. Currently, he works 2,080 hours, commanding $64 an hour, for a total of $133,000 annually. He also set aside time to establish Integrated Investment Services in 1999, a property management business that he funded by taking out a second mortgage for $50,000. He has earned about $94,000 selling renovated properties since starting the firm.

STUDY, STUDY, STUDY
“Education is the foundation for everything,” states Galloway, “but make sure you study what you love.” Following this concept made it easier for him to speed through the certification requirements that enabled him to work while he attended Howard. Frequent study also improved his negotiation skills, which ultimately raised his income.

FOLLOW NEW TECHNOLOGIES
Galloway kept up with new technology in his profession by making an effort to do contract work, even if he had to travel across the country. He says he makes sure to negotiate contracts with hospitals that either have machines from 1 to 6 years old, or hospitals that have received new machines—this way he can gain the experience of operating the newest models.

HAVE SPECIFIC GOALS
Galloway says it’s important to plan short-term and long-term goals. “I have short-term goals, that I have to do within the next year, and I also have long-term goals that have to be done in five years.” He is actively working toward his long-term goal: retirement. He currently has about $50,000 in his 401(k).

KEEP CASH IN THE BANK
The money he saved in low-interest savings accounts came in handy when he started his own business. Galloway asserts, “Everybody’s more amenable to you when you have $100,000 of cash to work with.”


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