5 Reasons Your Doctor Has a Side Hustle

That’s right. Your doctor spent at least 11 years in post-secondary education to be in a position to take care of you. 

Types of Physician Side Hustles

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

Whatever the side hustle, there are a handful of reasons your doctor may very well have more than one job. 

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. 

#1: Doctors are Deep in Debt

Perhaps what they really wanted to do in life didn’t translate well to an actual career. That’s where the side hustle can come into play. 

#2 Personal Fulfillment

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

#3 A Goal-Driven Nature

A side hustle can allow an employed physician to open another type of retirement account, such as a solo 401(k) or SEP IRA, with earnings from the extra income. 

#4 Another Retirement Account

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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