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White Coat Investor Podcast

WCI #277: Nonclinical Work for Physicians

White Coat Investor Podcast

Dr. Jim Dahle of the White Coat Investor

Investing, Business, Health & Fitness, Medicine

4.82.4K Ratings

🗓️ 25 August 2022

⏱️ 50 minutes

🧾️ Download transcript

Summary

This episode Dr. Dahle talks about ways for physicians to make some money outside of their typical clinical work. Whether you are looking to put your medical education to work in a side gig or replace your clinical work completely,  this episode will provide several ideas for you to think about. We have covered side gigs many times on the blog but we thought a reminder here on the podcast would be useful.  We also answer some of your questions about FSAs, non-qualified deferred compensation plans, how to save money as a resident, how to manage the student loan freeze and even whether or not organic food is worth the money. See the full show notes here: https://www.whitecoatinvestor.com/nonclinical-work-for-physicians-277 

As a white coat, you have valuable knowledge. Various companies want that knowledge. And they're willing to pay you for it! That's why we've put together a list of recommendations for companies that pay you to take surveys. If you're looking for a profitable side gig for not too much effort, getting paid for surveys could be the perfect solution for you. You can make extra money, start a solo 401(k), and use your medical knowledge to impact new products. One of the WCI columnists makes an extra $30,000 a year just doing these surveys. Sign up today and use a fraction of your downtime to make extra cash! Go to https://www.whitecoatinvestor.com/MDSurveys. You can do this and The White Coat Investor can help.

The White Coat Investor has been helping doctors with their money since 2011. Our free financial planning resource covers a variety of topics from doctor mortgage loans and refinancing medical school loans to physician disability insurance and malpractice insurance. Learn about loan refinancing or consolidation, explore new investment strategies, and discover loan programs for specifically aimed at helping doctors. If you're a high-income professional and ready to get a "fair shake" on Wall Street, The White Coat Investor channel is for you!

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Transcript

Click on a timestamp to play from that location

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.

0:05.3

We've been helping doctors and other high-income professionals stop doing dumb things with their money since 2011.

0:14.9

This is White Code Investor Podcast number 277, non-clinical work for physicians.

0:19.7

I'm your host, I'm the founder of the White Code Investor, I'm Dr. Jim Dolly,

0:23.7

and today's episode is sponsored by SoFi, the folks who help you get your money right.

0:29.3

They've got exclusive rates and offers to help medical professionals like you when it comes to refinancing your student loans.

0:34.8

That could end up saving you thousands of dollars.

0:37.3

Still in residency? SoFi offers low interest rates and the ability to whittle down your payments to just $100 a month while you're still in school.

0:44.3

Artyada residency? SoFi's got you covered there too, with great rates could help you save money and get on the road to financial freedom.

0:51.3

Check out their payment plans and interest rates, sofi.com slash White Code Investor.

0:56.3

Sofi student loans are originated by SoFi bank, NA, member FDIC, additional terms, and conditions may apply NMLS 696 891.

1:05.3

Welcome back to the podcast, it's always good to have you here, it's actually been a month since we recorded one.

1:11.3

So it's nice to get back in the groove, although sometimes it feels like the first time every time when we get back together in this room and have to connect everything back together,

1:21.3

but hopefully we'll put out another great episode for you.

1:25.3

In the meantime, keep doing what you're doing. It's important work that you do.

1:29.3

That's why you're a high income professional, whether you're a physician or a dentist or an attorney or whatever you are.

1:36.3

The reason you are paid so well is because you worked really hard to learn a very unique set of skills and accumulate a, you know, database of knowledge that is really important and can really impact other people's lives.

1:50.3

So I know you don't always get thanks for what you do, people think you're taking advantage of them or whatever, but the truth is you do important work and I thank you for it.

2:00.3

All right, I got an email that said I have proved your entire podcast list so far and have not found one where you have a guest or yourself talking about opportunities for physicians and other industries such as tech, farm, or consulting.

2:13.3

It would be great to hear more about these avenues from people who are doing it full time or part time or as a side gig to increase income.

2:20.3

What are the pros and cons, what type of income can we expect, where do we find such jobs and connect them physicians do these as a side gig too?

2:28.3

Well, I always think it's interesting. I get people that ask me questions like this and they're like, the podcast hasn't covered this and I'm like, it hasn't.

...

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