WCI #277: Nonclinical Work for Physicians

Aug 25, 2022

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INSIGHT

Clinical Skills Translate To Many Nonclinical Jobs

Most physicians move into nonclinical medical roles rather than leaving medicine entirely.
Medical training makes you valuable to industry, administration, research, and consulting.

ADVICE

Compare Pay, Flexibility, And Fit For Side Gigs

Consider specific side gigs like file reviews, admin work, pharma research, expert witness, industry interviews, and medical writing.
Expect pay often below, equal to, or above clinical rates and weigh flexibility versus steadiness.

ANECDOTE

Expert Witness Course Success Story

Dr. Gretchen Green built an expert witness business and now teaches a course for physicians.
Her students earn high hourly rates and have used expert work to generate substantial side income.

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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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