193: Cure Physician Burnout with Dr. Dike Drummond

White Coat Investor Podcast

Dr. Jim Dahle of the White Coat Investor

Medicine, Health & Fitness, Business, Investing

4.9 • 2.3K Ratings

🗓️ 14 January 2021

⏱️ 55 minutes

🔗️ Recording | iTunes | RSS

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Summary

Burnout is a big risk to your finances. Your fastest path to cash is as a board-certified doctor. We want you to be happily practicing medicine for as long as you would like. Our guest in this episode is Dr. Dike Drummond who we have written about before https://www.whitecoatinvestor.com/using-a-venn-diagram-to-decrease-burnout/ . He has spent the last 20 years coaching and training physicians on the prevention and recovery from burnout. In this interview we discuss the causes of physician burnout, depression vs burnout, symptoms of burnout, and how to recover from it. Recovering from and preventing burnout, and building a wonderful life is just connecting a series of baby steps. If you are feeling burned out and looking for a cure, start with this episode and it will help you identify the next steps. See the show notes here http://whitecoatinvestor.com/cure-physician-burnout-with-dr-dike-drummond-podcast-193

Gain the expertise to manage the business of medicine with the Physicians Executive MBA at Auburn University’s Harbert College of Business. Their flexible physicians-only program lets you earn your MBA without taking you away from your patients. Auburn’s unique twenty-one-month program blends innovative distance learning with five short on-campus residencies. Tailored to the practicing physician, Auburn’s Physicians Executive MBA program is currently enrolling for Fall 2021. Take control of your future during these challenging times. Learn more at http://www.auburn-pemba.com

Transcript

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0:00.0	This is the White Code Investor Podcast, where we help those who wear the White Code get a fair shake on Wall Street.
0:06.0	We've been helping doctors and other high-income professionals stop doing dumb things with their money since 2011.
0:12.0	Here's your host, Dr. Jim Dolly.
0:18.0	This is White Code Investor Podcast number 193. Stop position burnout with Dyke Drummond.
0:23.0	Thanks for what you do. This last year has been hard, I think, on all of us.
0:27.0	We get paid less, we do more, we have a lot of extra demands at work.
0:34.0	We've been wearing PPE for months, making it difficult to enjoy our practice.
0:39.0	I know a couple of my partners have put in for retirement this year, and I'm not sure they would have without the pandemic.
0:44.0	I think they might have worked a couple more years.
0:46.0	It's been a hard year on all of us.
0:48.0	Thanks for what you do. It's not easy work.
0:50.0	You may be on your way into work, on your way home, maybe you're working out, whatever.
0:55.0	But if nobody's told you things for what you do, let me be the first today.
0:59.0	Our sponsor today comes from the Physician Executive MBA program at Auburn University.
1:06.0	Gain the expertise to manage the business of medicine with the Physician's Executive MBA at Auburn University's Harvard College of Business.
1:13.0	Our flexible Physicians Only program lets you earn your MBA without taking you away from your patients.
1:18.0	Auburn's unique 21-month program blends innovative distance learning with five short on-campus residencies.
1:24.0	Learn more at Auburn-PEMBA.com.
1:30.0	All right. According to the day today, it comes from Phil DeMuth.
1:32.0	He said, people's comfort with investment volatility is dependent on their current state of mind.
1:36.0	When the stock market is racing up, people are comfortable with volatility.
1:40.0	Isn't that the truth, right? We only dislike volatility when it's going down.
	...

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