5 Reasons Your Doctor Has a Side Hustle

She probably puts in 50 to 60 hours a week or more on the job. And yet, if she doesn’t have an active side hustle, she’s probably been thinking about starting one. 

The different types of physician side hustles run the gamut from closely related to medicine to as far away as one could get.

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Types of Physician Side Hustles

#1: Doctors are Deep in Debt

Your doctor may be working a side job simply to avoid treating their school debt like a mortgage. You can opt for a 25-year repayment plan, but with some hard work and discipline, even the higher balances can be eliminated by most doctors in less than a decade. 

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#2 Personal Fulfillment

Believe it or not, your doctor might not have dreamed of becoming a physician from the time he or she was a toddler. Yes, many physicians have felt the calling to heal from an early age, but quite a few that came to that choice in a more roundabout way.  

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After a lifetime of people-pleasing and achievement, your doctor wants to accomplish something more. That’s where a side hustle can be invaluable. 

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#3 A Goal-Driven Nature

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Physicians get a late start on retirement savings and often celebrate becoming “worthless,” that is escaping a negative net worth to finally break even, at some point in their thirties.

#4 Another Retirement Account

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An “encore career” is a vocation finale after one’s primary career has ended. Given the amount of time and energy that goes into becoming a physician, the practice of medicine will be the primary career for the vast majority of medical school graduates.

#5 A Transition to an Encore Career

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