Dr. Cory Fawcett, a seasoned author and expert in physician finance, shares his insights on finding joy in work and combating burnout. He discusses the importance of personal habits over mere technical skills for financial success. Fawcett recounts his own transition from medicine to purpose-driven work, offering practical advice for rekindling passion in medical careers. He also emphasizes effective communication in navigating workplace challenges and provides strategies for managing difficult boss relationships, fostering a more fulfilling professional life.
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question_answer ANECDOTE
Gradual Ramp to Retirement
Dr. Cory Fawcett gradually ramped down his surgical practice before retiring fully.
This helped him transition smoothly and maintain his skills longer.
question_answer ANECDOTE
Hands-On Real Estate Beginnings
Cory managed and maintained his own small apartment complexes for a year to understand real estate fully.
Later, he outsourced property management to keep it passive and enjoy travel.
insights INSIGHT
Loss of Medical Autonomy
Doctors lost joy in their work as medicine transitioned from owner-driven to employer-driven.
This shift changed autonomy and increased feelings of powerlessness.
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Today we are talking with our friend, Dr. Cory Fawcett. Dr. Fawcett is an author many times over and has another great book newly published called A Doctor's Guide to Finding Joy in Your Work. We know how prevalent burnout can be and Dr. Fawcett has some great advice for how to not only avoid burnout but to find real joy in what you do. He practices what he preaches and we hope this conversation inspires you and gives you some practical advice you can bring into your life and your practice.
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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 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 is for you!